According to Harvard Business School professor Clayton Christensen, 95% of new products fail. This startling statistic underscores why modern product teams – from SaaS startups to enterprise managers – must invest in rigorous product discovery. By systematically understanding user needs and testing ideas before development, teams can avoid the fate of Google Glass and New Coke, both cited examples of products launched without proper discovery.

In this article we’ll unpack what product discovery is, why it matters, and how to execute it in agile environments to significantly boost your chances of success.

What is Product Discovery?

Product discovery is the process of exploring customer needs, market context, and business goals to decide what product (or feature) to build. In other words, it’s about validating what to build – and why – before investing heavily in development. As Atlassian puts it, product discovery “helps product teams decide the features of a product” by understanding customers and ensuring “the right product gets built for the right customer”. Industry experts like Marty Cagan describe discovery as a way to “quickly separate the good ideas from the bad,” producing a validated backlog of ideas.

Unlike the delivery-focused phase of coding and launching, discovery emphasizes learning and risk reduction. It’s often visualized as a “second track” running alongside delivery: while one team iterates on building, another is continually researching, experimenting, and validating. By structuring this upfront learning, product discovery minimizes wasted effort and ensures the team builds solutions that users truly want.

Why Product Discovery Matters

Because so many products fail (up to 95%, as noted), product discovery is now essential for reducing risk and waste. Effective discovery delivers key benefits:

In short, product discovery helps avoid building something nobody wants. The ProductPlan glossary notes that discovery “moves teams beyond ‘nice-to-have’ features toward building products that solve real problems”. In competitive markets and tough economic times, that alignment between user need and product strategy can spell the difference between success and failure.

Key Phases of Product Discovery

Product discovery often unfolds in iterative phases (not a one-time checklist). While exact steps vary by team, a common agile-friendly process includes:

  1. User & Market Research: Start by framing the problem. Investigate why you’re building and who it’s for. Gather quantitative data (analytics, surveys) and qualitative insights (interviews, focus groups) to identify user pain points. For example, a team might analyze usage metrics and then interview target customers to confirm unmet needs. This phase produces a clear problem statement or opportunity area.
  2. Ideation & Hypothesis: With user needs in hand, brainstorm potential solutions. Use methods like design-thinking workshops, sketching, or user story mapping. Assemble a cross-functional team (product managers, designers, engineers) to propose various feature ideas. Encourage divergent thinking – come up with many concepts – then converge on the most promising hypotheses.
  3. Prototyping: Build quick prototypes or mockups of the top ideas. These can range from paper sketches to clickable wireframes or simple landing pages. The goal is to create tangible versions of your concepts so you can test them. Prototyping is a “lean way to validate your hypothesis”. Keep it simple: focus on the core experience you need to evaluate rather than polished visuals.
  4. Validation Testing: Present prototypes to real users or customers and collect feedback. This might involve usability tests, A/B tests, or pilot launches. Observe whether users understand the solution and solve the problem. For example, public feature roadmaps or beta versions can be shared with select stakeholders for feedback. The key question: Do the proposed features truly meet user needs? If not, use what you learn to iterate or pivot.
  5. Refinement & Decision: Based on testing data, refine your solution. You may cycle back to research or try new ideas. Eventually, decide on a solution that’s valuable (customers want it), usable (customers can use it), feasible (team can build it), and viable (fits business goals). When the solution is validated, you create a well-prioritized, validated backlog of features ready for the delivery phase.

Throughout these phases, maintain close loop feedback. Product discovery is not a one-off task; rather, teams frequently revisit earlier steps as new insights emerge. In agile practices, discovery work can span multiple sprints or even run in parallel with development sprints, ensuring continuous learning.

Techniques & Tools for Effective Discovery

To execute discovery in practice, product teams use a mix of techniques:

The unifying goal of all these techniques is to build a learning culture. As Productboard emphasizes, the aim is not just to ship features, but to create an environment of continuous learning that incrementally improves the product. Discovery is essentially about turning uncertainty into knowledge.

Product Discovery in Agile Environments

Agile methodologies are a natural fit for continuous product discovery. Unlike rigid upfront planning, agile emphasizes adaptability and feedback. Here’s how discovery typically works in agile settings:

Overall, integrating discovery into agile prevents the common pitfall of letting development run “in a vacuum”. As Atlassian warns, discovery shouldn’t be siloed – it must be dynamically connected to delivery. By keeping discovery agile and team-driven, organizations stay responsive to change and maximize the value of their roadmap.

Real-World Examples

Even big companies learn this lesson. In fact, the Google Glass project – despite heavy R&D investment – was shelved when broad user needs didn’t match the product’s capabilities. Likewise, Coca-Cola’s New Coke is a famous case of skipping deep discovery: without understanding customer loyalty to the original formula, the change failed. These examples show that poor discovery can doom a product, even at scale.

On the other hand, companies that obsess over discovery tend to find success. For instance, Atlassian promotes “dynamic product discovery” where product managers actively involve the whole team in continuously learning about customer problems. They’ve used this approach internally to guide products like Jira and Confluence. (See Atlassian’s resources on dynamic discovery for details.)

Startups often start small by necessity. For example, Airbnb’s founders famously tested their idea by personally photographing apartments to see if higher quality listings increased bookings. This early experiment validated the need to improve listing quality before building out more features. While not formally cited here, the lesson is clear: lean experiments and user feedback at early stages are the essence of discovery.

5 Best Product Discovery Tools for Modern Product Teams

The tools you use can make or break your discovery process. The right stack helps you move faster, uncover clearer insights, and turn research into action. Below are five product discovery tools that have proven themselves invaluable to modern SaaS teams, startup product squads, and enterprise product leaders looking to streamline research and reduce delivery risk.

Shorter Loop

Shorter Loop is a full-cycle product management platform built with connected canvases that unite discovery, strategy, and delivery in one place. Rather than treating discovery as a one-off or siloed task, it ensures user insights directly influence what gets built.

Key Capabilities:

Why it’s Different: Most tools help you collect research. Shorter Loop helps you use it. By feeding validated discoveries directly into your roadmap and prioritization workflows, it ensures insight isn’t just stored—it drives action.

Best For: Product teams that want an integrated workflow from discovery to launch, and companies serious about making user input a strategic asset.

Maze

Maze is a remote user testing platform built for speed. It enables rapid validation of concepts and prototypes through unmoderated tests, so users can give feedback in their own time—while you gather behavioral data and insights.

Perfect For: Teams validating prototypes at scale and needing fast, lightweight user feedback loops without the burden of manual coordination.

UserTesting

UserTesting gives product teams access to real users for live or recorded, moderated sessions. Its strength lies in gathering deep, qualitative insights—helping you understand user motivations, mental models, and Jobs-to-be-Done through targeted interviews.

Perfect For: High-stakes product decisions that require deep, context-rich user research and voice-of-customer validation.

Miro

Miro is a digital whiteboard for collaborative ideation and insight synthesis. It’s invaluable during discovery workshops—especially for activities like assumption mapping, journey mapping, or aligning a cross-functional team on user research outcomes.

Perfect For: Teams running collaborative workshops, synthesis sessions, or remote ideation efforts that turn research into clear next steps.

Hotjar

Hotjar offers behavioral analytics through heatmaps, session recordings, and in-product surveys. It lets you observe how users actually interact with your product—surfacing friction points and validating whether your solution matches user expectations.

Perfect For: Post-launch validation, identifying UX issues, and capturing context-aware user feedback in live environments.

Conclusion

In today’s fast-paced software market, product discovery isn’t optional – it’s foundational. A disciplined discovery process helps teams avoid the 95% failure pitfall by ensuring products solve real user problems and align with business strategy. By following a structured discovery phase (research, ideation, prototyping, validation) and embedding it in your agile practice, your team can confidently build products users love.

Startups, SaaS teams, and seasoned product leaders alike must prioritize discovery. It’s the key to turning ideas into impact. For more in-depth guidance on product discovery processes and techniques, see Shorter Loop’s complete Product Discovery guide.

Key Takeaways:

By investing in strong discovery practices, product managers empower their teams to build the right product – and join the 5% of successes.