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The Customer Discovery Process in practice – 6 Key Learnings for Success – Dr. Thomas Goette CEO GreenPocket Amsterdam, 5 th November2014

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Page 1: The Customer Discovery Process in practice - … · The Customer Discovery Process in practice ... 90+ smart energy projects core competencies UX ... sales model Iteration

19  May  2014    |    GreenPocket  GmbH  |  slide  1  

The Customer Discovery Process in practice

– 6 Key Learnings for Success –

Dr. Thomas Goette CEO GreenPocket Amsterdam, 5th November2014

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2009

How it all started The Status Quo

Energy transparency is the buzz word of the year. A new market is in the making.

A young, innovative company called GreenPocket launches a smart meter portal

for household customers.

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Market developments The Status Quo

Five years, 90 customer projects and a lot of learnings later, the market looks different:

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smart home

Developments & challenges The 2014 market

cloud

data

statistics

analysis

new front-end

technologies

energy

smarter

big data complexity

social

design

Energiewende

mobile usage

new technology customer

experience

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A chance to do it differently Going back to the „drawing board“

Question everything

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… to turn everything GreenPocket: in the best position

UPSIDE DOWN

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Advantages of cooperating with a software start-up GreenPocket: small, agile, innovative

usability technical knowhow niche player

design small

agile

different-minded

experienced

experts

90+ smart energy projects

core competencies

UX

quality management

innovative

@ pulse of the time

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… needs a method But even chaos

Source: http://sidlaurea.files.wordpress.com/2012/11/mind-map.jpg

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Customer development by Steve Blank Definition

Source: http://en.wikipedia.org/wiki/Steve_Blank

“Customer development details a scientific approach that can be applied by startups and entrepreneurs to improve their products success by developing a better understanding of their consumers. Primary to the concept is a balanced relationship between developing a product and understanding the customer.”

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The 4 steps to the Epiphany Getting to product-market fit

Source: http://steveblank.com/tag/customer-discovery/

Customer Discovery

Customer Validation

= Turn hypotheses

into facts

= Identify scalable

sales model

Iteration

Product-market fit

Customer Creation

Company Building

Execution

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Why customer development? The benefits

Move faster Reduce risk

Bring process to chaos

Replace opinions with data

Stay in tune with customers

Discover the best market opportunities

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So, let‘s get to work

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Our software‘s past 2009: launch of two separate product lines: website & app

& Question: Which device would you use?

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Learning #1 2009 to 2014: global mobile penetration

7% 8%

10%

14% 15%

16%

18% 19%

20% 20%

1%

3% 4%

5%

7%

11%

16%

22%

2% 3%

6%

0%

5%

10%

15%

20%

25%

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: BI Intelligence, Gartner, IDC, Strategy Analytics, World Bank 2013

Glo

bal d

evic

e pe

netr

atio

n pe

r ca

pita

PC

tablets

smartphones Mobile first!!!

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Learning #1 2014: thanks to HTML5: one product for all devices

& HTML5

CSS3

Responsive design

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Our software‘s past 2009 product design: cost vs consumption

Consumption data and associated costs

Question: Do we need to show costs, kWh?

What is more important?

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Out of the remaining participants:

12% are not interested 4% are indifferent

61% know how much they spend yearly on energy

Costs are more prominent in consumers‘ minds

Learning #2 Product design: costs vs consumption

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Costs remain prominently displayed

Learning #2 2014 product design: costs vs consumption

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Use of larger font sizes, simplified, better structured layout

Learning #2 2014 product design: costs vs consumption

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Our software‘s past 2009 product feature: budget manager

Budget manager focuses on monthly data

Question: Is the budget manager actually

useful?

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Out of the remaining participants:

13% are not interested 6% are indifferent

81% want to know what to expect at the end of the year

Learning #3 Product feature: budget manager & annual cost projection

The ever important factor of costs!

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Budget manager forecasts annual consumption instead of monthly

projection

Learning #3 2014 product feature: budget manager vs annual cost projection

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Forecasting the end-of-year balance

Learning #3 2014 product feature: budget manager vs annual cost projection

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Our software‘s past 2009 product design: information on CO2 emissions

Hat einen CO2-Ausstoß von 236 kg verursacht.

Conversion of energy consumption into kg of CO2 emissions

Question: Does anybody care about CO2

emissions?

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Learning #4 Product design: necessary information

Out of the remaining participants:

12% are not interested 4% are indifferent

84% care about the environmental impact of their consumption

People do care and are curious to know

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Learning #4 2014 product development implication

CO2 emission data remain

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Learning #4 2014 product development implication

Conversion into tangible numbers

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Learning #4 2014 product development implication

With as much detail as everything else

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Our software‘s past 2009: data display

Day is the default data value

Question: Do they want or need that much

detail?

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Learning #5 Product design: data display

Out of the remaining participants:

7% want daily data 15% want weekly

40% want either monthly or yearly data

„Month or year“ is good!

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Monthly meter data instead of daily

Learning #5 2014 product design: data display

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Month is default data value rather than day

Learning #5 2014 product design: data display

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2012

2013

Decision for relaunch

2015 Roadmap

2014

Customer discovery ò

Major product redesign

2011

Cost-Check for gas, water and heat

Administration area for energy supplier

More detailed generation analysis

Houshold comparisons

Fit for the future

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2015 Our product goes live!

with two of the Top 10 European utilities

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Thank you! For more information, please contact:

[email protected]