When it comes to designing, building and launching a digital product, one of the first - and most important - tasks your team needs to complete is creating a digital product roadmap.
Why? Well, according to Harvard Business School professor Clayton Christensen, “every year, 30,000 new products are introduced to the market. And every year, 28,500 of them, or 95%, fail to make the cut.”
The reasons for this are many, but one of the main contributing factors is the lack of an effective product roadmap. As the old saying goes, “fail to plan, plan to fail” – and in the world of digital product, this plan is your trusty roadmap.
What is digital product roadmapping?
Here at Adrenalin, we’ve helped numerous brands plan and create their digital product roadmaps, and through this, we’ve come up with a succinct definition of what digital product roadmapping is:
“Digital product roadmapping is the act of creating and maintaining a visual, step-by-step plan for your digital product’s development.”
Designed to communicate to your internal teams, customers, and other stakeholders how your digital product will evolve over time, the roadmap is typically organised by timeframes, e.g. months or quarters, and includes:
Depending on your business context and the nature of your product, your roadmap may also cover off:
You can find further examples of a product roadmap here and here.
When does roadmapping come in?
Roadmapping usually takes place during the early stages of product development. That could be in the pre-development phase when the product idea is still in its conceptual stage, and additionally, during the planning and prioritisation phase, when you need to plan and prioritise features and functionalities.
But… a key point to take note of within our definition or roadmapping above is the act of maintaining your roadmap. It’s why we prefer to talk about ‘roadmapping’ as a continual process, as opposed to a ‘roadmap’ that implies something static and fixed. In fact, throughout the whole development, release and post-launch process, your roadmap is something you should come back to time and again to check, validate and update in line with testing and optimisation initiatives. It’s a living, breathing asset that accompanies your digital product throughout its entire lifecycle.
“Your roadmap is a living document. Make adjustments to dates and plans, update it with new ideas, and show the progress you have made against your goals.” Aha!
The benefits of digital product roadmapping
As we said before, “plan to fail, fail to plan”. But roadmapping is about so much more than just planning, it’s the main building block of any digital product, providing a wealth of benefits to both customers and internal team members. Our top three are easy to see:
Alignment - Building and launching digital products (especially multiple ones across complex Enterprise product portfolios) can get messy, so having a central product roadmap ensures that all internal stakeholders are aligned. By clearly articulating the product vision, goals, and priorities, roadmapping ensures that everyone is working towards a common objective. This alignment minimises misunderstandings, reduces conflicts, and fosters collaboration among teams, leading to more efficient and effective product development efforts. For more on how to balance user needs with business goals, read our recent article.
Prioritisation - By dint of better alignment, your digital product team will be better placed to make the right prioritisation decisions. The roadmap ensures these decisions are based on a balanced combination of customer feedback, business goals and competitor activity, guaranteeing that your digital product reflects the most strategic and beneficial initiatives, and maximises ROI.
Transparency and communication - They aren’t just about your internal stakeholders, they also apply to your customers. Making the roadmap visible to all affected parties ensures that everyone is informed about where the product is going in the short, medium and long term. This fosters trust, increases accountability and buy-in, and empowers stakeholders to make informed decisions.