Cannibalization
The reduction in sales of a company's existing products due to the introduction of a new product by the same company.
The reduction in sales of a company's existing products due to the introduction of a new product by the same company.
A type of testing conducted to determine if the requirements of a specification are met, often the final step before delivery to the customer.
The tendency to overvalue new innovations and technologies while undervaluing existing or traditional approaches.
Internet of Things (IoT) refers to a network of interconnected physical devices embedded with electronics, software, sensors, and network connectivity, enabling them to collect and exchange data.
The process of evaluating a product by testing it with real users to gather feedback and identify usability issues.
A technique used to evaluate a product or system by testing it with real users to identify any usability issues and gather qualitative and quantitative data on their interactions.
The process of phasing out or retiring a product or feature that is no longer viable or needed.