3. The direction of the Product Roadmap should directly impact you
Speak to any Product Manager at a tech company and they’ll tell you, there’s already more than enough work to go around when it comes to product innovation and optimization. Even when their product only serves one industry. There are always sub-verticals to cater for with their separate niches (homeware vs footwear vs fashion for example).
So how do product teams cater to the needs of multiple industries who all use the same product? Banks, insurance companies, publishers to name a few all have different technical needs and a variety of feature requirements. Prioritizing the roadmap in a way that creates a level playing field for industry-specific product innovation can be tricky, and customers will feel this, with the highest-paying customers and verticals, like banking, dominating the roadmap.
This is definitely something to be wary of during your conversations with future vendors. When there’s a laser focus on just one industry, the product naturally develops in a way that is advantageous to each and every customer, not just a select group.
“One major differentiation we’ve seen with Ometria is the focus on retail. The platform has built-in actionability that allows us to drill into retail-specific metrics and take action on our findings.”
Hannah Sinclair, Director of DTC Retention Marketing and CRM at Steve Madden
To dig a bit deeper into these 3 CDXP must-haves, you can download the CDXP Buyer’s Guide to find out everything you need to understand CDXPs, evaluate your options and find the best fit for your brand.