A product vision defines the direction for your product; what it will become when it is mature. The minimum viable product is the minimum set of functionality that can be launched. The product roadmap charts the journey between these two points in your product lifecycle, with stopping off points for intermediate releases. A Lean product development process would benefit anyone developing products and has many advantages for large companies.
The major UK banks seem to be lagging behind changes being driven by technology companies and innovative startups who are providing valuable services beyond accounts, loans and payments. The banks risk losing the customer relationship and becoming commoditised unless they keep up. Continue reading