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Lean Startup Conference 2013 Takeaway 1 – Experiments Improve Learning

In the recently concluded Lean Startup 2013 Conference it was evident that enterprises of all sizes including Governments are now interested in delivering value to their customers by developing new and innovative products. Jack Welch says that Shareholder Value is a result and not the primary constituent of value delivered by a company. Customers, employees and products are the primary constituents of a corporation’s value.

Experiments Improve Learning 

The Lean Startup focuses on maximizing value by minimizing waste. Sixty to Ninety percent of ideas do not improve the metrics they were intended to improve. A third of ideas can cause a statistically significant positive change, One third of them don’t result in statistically significant change and one third of them result in statistically significant negative change. Intuition and expert opinion are extremely poor gauges of value our ideas deliver to users says Ronny Kohavi(GM Experimentation Platform ,Microsoft). If we are not running experiments to test the value of new ideas before completely developing them, chances are two thirds of the work we do will deliver zero or negative value to our customers.

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About the Writer

  • Vinayak Joglekar
    Co-Founder and CTO, Synerzip

    Vinayak Joglekar is the Co-Founder and Chief Technology Officer of Synerzip. Vinayak built and scaled Synerzip’s project teams by attracting and retaining top-notch talent in the fiercely competitive market in India. He took the entrepreneurial leap in 1983 after he quit a programmer-analyst position in Alfa-Laval. Vinayak’s passion for technology skills development drove his ventures in recruitment, training and consulting. He is a certified J2EE programmer and an architect with an active interest in Social, Mobile, Cloud and Big Data technologies. Apart from being the CTO, he mentors bright minds in software development and product delivery. Vinayak has an MBA from Indian Institute of Management, Calcutta and BSME from Indian Institute of Technology, Bombay.

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