Achieving digital product excellence: insights from Domain’s product & tech general manager
Andreas Marmaras, General Manager of Technology & Product at Domain Insight at Domain, sat down with ADAPT’s Principal Research Analyst Peter Hind to discuss the pursuit of digital product excellence.Andreas Marmaras, General Manager of Technology & Product at Domain Insight at Domain, sat down with ADAPT’s Principal Research Analyst Peter Hind to discuss the pursuit of digital product excellence.
In their conversation, they delved into the nuances of balancing customer centricity with commercial goals, the role of data versus intuition, and the importance of calculated risk-taking in today’s competitive digital landscape.
Andreas joins 150 Heads of Digital Transformation, Product and Customer at Digital Edge, discussing digital product excellence, digital experience, and the power of the x-team.
Balancing customer needs and commercial goals
Andreas stressed that digital product excellence is a relentless pursuit, requiring a keen focus on both customer needs and commercial objectives.
He emphasised the importance of staying in tune with the market, neither falling behind nor getting too far ahead of customer expectations.
This involves maintaining effective touchpoints with customers and constantly seeking feedback, even from those who might have criticisms.
Data-driven insights and the gut feeling
While Andreas acknowledged the power of data in decision-making, he also believes in the value of gut feeling and intuition.
He cautioned against over-reliance on data, which can limit innovation and prevent companies from exploring new markets or opportunities.
Andreas encouraged a healthy balance between data-driven insights and intuitive decision-making, particularly when it comes to taking risks and pushing boundaries.
Risk-taking and experimentation for innovation
He advocated for calculated risk-taking and experimentation, saying that companies must constantly disrupt themselves from within to stay ahead of the curve.
This involves taking bets that go beyond the comfort zone of what data can reveal and being prepared to fail fast and iterate quickly.
Key Takeaways:
- Customer centricity and commerciality are the foundations of digital product excellence.
- Data is valuable, but intuition and gut feeling are equally important for innovation.
- Calculated risk-taking and experimentation are essential to stay ahead in a competitive market.
- Focus on solving real problems for real people, not just chasing shiny new technologies.
- Balance innovation with maintaining a strong core customer experience.