{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Bootstrapper's Paradise","title":"80 Percent Of Product Development Is Wasted","html":"","width":"100%","height":180,"duration":228,"description":"Pendo's feature adoption report tells us that 80% of product development is wasted.\nThis means product development processes everywhere have a long way to go to becoming more effective.\nWhen's the last time your team evaluated how many of your customers are using those latest features?\nRelated Post - https://nxtstep.io/daily/80-percent-waste/\nFind Product-Market Fit Faster with my free 5 day email course - https://nxtstep.io/fit/\nEpisode Transcript\n Hey folks, Sean here, and today what I wanna talk to you about is a rather shocking statistic as it pertains to product development and its level of effectiveness. So as a B2B SaaS consultant, I help a lot of my clients with getting more out of their product development process. . My long suspicion was that a significant portion of product development was not particularly effective.\nWhat I mean by that is the process of figuring out what we're planning to build next, building it, shipping it, and then measuring its effectiveness probably was missing. Most of the time upon doing a little bit more research from a company called Pendo, who does essentially feature adoption work, so they have software that helps you solve this as a challenge for SaaS companies.\nThey released what they call their feature adoption report, and in it they explain that up to 80% of SaaS product features are either rarely or never used. Which is shocking to me. Well, maybe not that shocking because I see this work all the time, but it's, when you put it in perspective in terms of the effectiveness of the process, that's pretty poor level of performance and seemingly on average for a lot of product development companies, for a lot of SaaS companies, that the vast majority of their efforts are.\nSo I want to try to interpret what I think this statistic really means, to put it in context for you if you're on a product development team, and that to me, what that looks like in terms of what's actually happening at your company is that 80% of what...","thumbnail_url":"https://img.transistorcdn.com/B0rBF_s0upJdRqXoy4_4rHlfSlZONOaHnrUmmpOi708/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9kYmIx/MTMxNTExY2VjZjIz/NjEzNWFhNmI4OGZl/ZDliMy5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}