Collaborate with MindInventory
Designed to help you start right, right from the start. Whether you’re a startup validating an idea, an enterprise planning a large-scale IT solution, or a business revamping existing software—our product discovery services eliminate guesswork by providing a data-driven roadmap, actionable insights, and technical clarity.
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Approximately 80-95% of new products fail within their first year. Around 75% of venture-backed startups fail to deliver returns to their investors. Even at some Fortune 500 companies, 66-70% of new features fail to produce the expected impact. Why? They underestimated the importance of validating opportunities before translating them into functional products.
Our business analysts define the projects and map them to project strategies, and project managers from here ensure strategic alignment between company goals and product direction by defining measurable product goals, strategic roadmap, and KPIs to align product development with long-term strategic goals.
We analyze industry trends, user requirements, and consumption patterns. By coordinating with product designers, we convert these insights into valuable feature concepts and define a set of features that align with market needs. This way we ensure that the product meets actual market demands.
We leverage the insights that our UX researchers gather through usability testing to help product owners ensure that the user needs are reflected in the product backlog. This reduces the risk of product-market misalignment and enhances user adoption and customer satisfaction.
It is inevitable to prevent costly design revisions during development, we ensure a balance between aesthetics, usability, and functionality. Our team of expert UX designers and software architects creates intuitive, user-friendly interfaces while assessing feasibility and scalability to ensure long-term success.
We prioritize developing interactive prototypes not just for testing but also for collecting and analyzing user feedback to validate your concepts. Validating ideas early reduces uncertainty and saves development investment by refining concepts before full-scale build.
Our project management team not only creates a transparent and realistic development roadmap but also takes responsibility for cross-team coordination and client engagement. This way, we ensure there are no delays or miscommunication, keeping everyone on the same page regarding milestones and deliverables.
Bad product decisions cost companies millions in wasted development time and lost revenue.
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Here is the product discovery process we follow. We have perfected each product discovery phase over time to deliver maximum value to you.
We collectively put an effort to align our team with your vision to start with clear goals in mind. We do it by working closely with you to understand business goals, pain points, and expectations. Our team gathers high-level project requirements, identifies key stakeholders and sets clear objectives for the discovery phase.
To ensure that the software product is positioned for success and meets real-world demand, we conduct thorough market research, analyzing market trends, customer behaviors, and industry standards. We then identify trends, weaknesses, and market gaps by conducting competitor research. Finally, we differentiate the product by identifying its Unique Value Proposition (UVP).
Addressing real-world news requires a user-centric product. Our team works to create detailed user personas based on demographics, behavior, and pain points. We map user journeys to understand user-product interactions and identify the core problems that need to be solved to make the software product user-centric.
In this product discovery phase, we focus on preventing scope creep, ensuring that your project stays within budget and timeline constraints. We begin by listing all potential features and functionalities to test, followed by categorizing them into must-have and nice-to-have features for your MVP. Lastly, we create a well-defined, detailed development roadmap based on priorities and business goals.
For the key piece of the foundation —technical viability— we assess the best tech stack (frontend, backend, databases, cloud) and analyze system scalability, security, and compliance (GDPR, HIPAA, PCI DSS) requirements. For existing systems, we identify integration needs with third-party tools and your digital ecosystem.
To minimize misinterpretations of requirements and costly redesigns, our UI/UX designers create low-fidelity wireframes to outline the basic UI layout, high-fidelity interactive prototypes for client feedback, and conduct UX testing to ensure ease of use and intuitive navigation.
Before finalizing, we minimize risks related to budget overruns, security vulnerabilities, and development roadblocks. Our quality assurance engineers create a risk response framework by identifying technical, business, and operational risks, along with contingency strategies to mitigate potential challenges.
We conclude by providing a clear blueprint to ensure seamless execution for the software development team. Our final deliverables include reports, wireframes, and technical recommendations. We also hand over a detailed project roadmap with an estimated budget and timelines, along with a final review and presentation to align all stakeholders.
Explore how our expert-led product discovery process helps businesses validate ideas, reduce risks, and build the right products and features with confidence and clarity.
The chatbot solution we conceptualized is offered by a company heavily invested in designing tech innovations for high-risk industries like construction. We designed and integrated an SLM-powered interactive chatbot along with a collaboration feature, progress tracking and goal-setting, multilingual support, and more.
This prominent healthcare provider, facing challenges in patient management and informed decision-making, sought to implement a practice management solution. We developed a comprehensive telemedicine platform with AI-driven insights, personalized health recommendations, robust remote monitoring tools, and more.
It is a leading professional American basketball club. It aims to modernize operations, improve fan engagement, enhance team performance, and achieve scalability. As part of our digital transformation initiatives, we implemented player performance analytics, advanced fan engagement solutions, scalable platform architecture, predictive analytics for revenue optimization, and more.
We have dedicated experts, with 100+ years of cumulative experience, leading every aspect of the discovery phase.
Confidently bring your industry-specific vision to life with expert-led software product discovery services, ensuring your product is built for success from day one.
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Our clients trust us because we don’t just validate ideas—we uncover opportunities, eliminate guesswork, and create data-backed roadmaps that set products up for long-term success. Here’s what makes us their first choice:
Precision matters. Our product discovery process ensures clear, data-driven roadmaps, wireframes, and strategies—so you get accurate, actionable deliverables every time.
Trends change, user needs evolve—your product should too. Our iterative approach ensures you stay ahead of the curve, whether you need to pivot, scale, or refine.
Every business is unique, and so is our approach. Whether you’re a fintech innovator, an e-commerce disruptor, or a health tech visionary, we craft a custom discovery roadmap that aligns with your goals.
No matter your industry, our proven Product Discovery process uncovers opportunities, validates ideas, and sets the foundation for a market-winning product.
Get answers to some of the most common concerns about our discovery phase in software development.
Having a clear vision is great, but the biggest risk in product development is building something that doesn’t resonate with users. 80% of software features go unused because they weren’t validated. Our discovery process ensures that your idea is backed by user insights, market data, and technical feasibility—so you invest in the right features from the start.
Product Discovery is just as valuable for existing software. Many businesses struggle with outdated systems, low user adoption, or feature bloat. We help identify inefficiencies, prioritize improvements, and align your product roadmap with evolving user needs—ensuring your software remains competitive and scalable.
Yes! A well-documented discovery phase provides investors with data-driven validation, clear roadmaps, and technical feasibility reports —all of which reduce risk and increase confidence in funding your project. For Pre-Seed and Seed investors, this level of validation is gold—helping you stand out, mitigate uncertainties, and increase your chances of securing funding.
Absolutely. We understand that new insights emerge as we progress. You’ll have dedicated check-ins, collaborative workshops, and open communication with our team to ensure alignment at every step. Our agile approach allows flexibility while keeping the process efficient.
Once the discovery phase is complete, you’ll have a comprehensive roadmap, wireframes, feasibility assessments, and a validated MVP plan. At this stage, you can either proceed with in-house development by augmenting our experts in your team or continue with us for end-to-end execution. We ensure a seamless transition with clear documentation and technical handover.
We work alongside your stakeholders, engineers, and product managers through feedback sessions and real-time strategy discussions. Our goal is to align software product discovery insights with your internal expertise, ensuring the final roadmap reflects both business vision and technical practicality.
Crafting cutting-edge digital solutions with creative minds
A Mindful team of tech innovators bringing world-class tech ideas to reality. We embrace the power of technology to provide cutting-edge digital solutions that propel our clients toward unprecedented success.
Tech Experts On-board
Years Of Expertise
Projects Delivered
Countries Served
Creativity is our heartbeat. We constantly challenge ourselves to further our technical prowess and help our customers to deliver exceptional customer experience.
Tech Experts On-board
Years Of Expertise
Projects Delivered
Countries Served
Erika finds MindInventory a unique and reliable team of creative designers to continue work with that has helped bring her dream app into reality, which is playing a pivotal role in helping users showcase gratitude.
Ryan Miller finds MindInventory a great technology partner who exceeded his and his team’s expectations with the top-notch quality design and development deliverables of his mission-critical SaaS app development project.
Data scientists and AI/ML engineers at MindInventory, hired by the Passio team, played a pivotal role in building the AI-powered SDKs that enable users to keep on their daily nutrition consumption and ensure a healthy lifestyle.
A business association of 11 long years and yet counting to make the EnneaApp much better and user-centric to meet and exceed the vision to make this world a better understandable and mindful place to live in.
