Pegasystems announced the general availability of Pega Infinity ’24.1™.
Only 55% of all product launches take place on schedule, according to the 2019 product manager survey from Gartner.
Product managers who typically launch on time are more likely to meet their internal targets within a year of launch. For the 45% of product launches that are delayed, 20%, on average, fail to meet their internal targets.
“A product launch that meets all internal targets is seldom achieved. The survey showed that only 11% of organizations reported that all of their products met 100% of defined internal launch targets,” said Adrian Lee, Senior Research Director at Gartner. “Product managers who run late with product launches need to be keenly aware that this situation will directly increase the risk of increasing the failure rates.”
A product may not launch in the scheduled time frame due to several factors, including:
■ lack of formal launch processes
■ delays in product development (bugs, errors, feature creep)
■ failure to meet customer requirements
■ product quality or even supply problems
Successful product managers can sometimes mitigate these issues ensuring an on-time launch. Product managers can evaluate the effectiveness of their product management strategy and organization using the Gartner Product Score for Product Management, a strategic planning tool for product management leaders. This tool allows product managers to determine where improvements will add value and top establish a plan to advance the organization.
Product managers largely see themselves as responsible for managing the launch of and creating the strategy around products. 46% of product managers said they are responsible for managing the planning, development and introduction phases of a product, while 39% of survey respondents said creating a product strategy and planning and building product roadmaps were key responsibilities.
However, the survey found that 78% of product managers who viewed improving collaboration internally as one of their top three roles, experienced low product failure rates. Technology and service provider (TSP) organizations that don’t make collaboration a priority for their product managers may be jeopardizing product success.
“The product manager role is one of the most cross-functional in the organization. This is especially true at the product introduction phase when other functions such as marketing, sales, sales enablement and finance come into play,” said Stephanie Baghdassarian, Senior Research Director at Gartner. “However, the survey showed that fewer than 20% of organizations see their product managers as driving innovation or improving collaboration within the company.”
Product managers seeking to collaborate to drive business should ensure they communicate their product vision and roadmap across all the other stakeholders in the company. This should happen early on and repeatedly in the product life cycle to allow for possible revisions based on feedback gathered from stakeholders.
Industry News
Mend.io and Sysdig unveiled a joint solution to help developers, DevOps, and security teams accelerate secure software delivery from development to deployment.
GitLab announced new innovations in GitLab 17 to streamline how organizations build, test, secure, and deploy software.
Kobiton announced the beta release of mobile test management, a new feature within its test automation platform.
Gearset announced its new CI/CD solution, Long Term Projects in Pipelines.
Rafay Systems has extended the capabilities of its enterprise PaaS for modern infrastructure to support graphics processing unit- (GPU-) based workloads.
NodeScript, a free, low-code developer environment for workflow automation and API integration, is released by UBIO.
IBM announced IBM Test Accelerator for Z, a solution designed to revolutionize testing on IBM Z, a tool that expedites the shift-left approach, fostering smooth collaboration between z/OS developers and testers.
StreamNative launched Ursa, a Kafka-compatible data streaming engine built on top of lakehouse storage.
GitKraken acquired code health innovator, CodeSee.
ServiceNow introduced a new no‑code development studio and new automation capabilities to accelerate and scale digital transformation across the enterprise.
Security Innovation has added new skills assessments to its Base Camp training platform for software security training.
CAST introduced CAST Highlight Extensions Marketplace — an integrated marketplace for the software intelligence product where users can effortlessly browse and download a diverse range of extensions and plugins.
Red Hat and Elastic announced an expanded collaboration to deliver next-generation search experiences supporting retrieval augmented generation (RAG) patterns using Elasticsearch as a preferred vector database solution integrated on Red Hat OpenShift AI.
Traceable AI announced an Early Access Program for its new Generative AI API Security capabilities.