Lead Conversion Rate
The percentage of leads that convert into customers.
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Content Validity
The extent to which a measure represents all facets of a given construct, ensuring the content covers all relevant aspects.
MRD
Market Requirements Document (MRD) is a comprehensive document that outlines the market's needs, target audience, and business objectives for a product.
Function Allocation
The process of determining which tasks should be performed by humans and which by machines in a system.
ROI
Return on Investment (ROI) is a performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of different investments.
PAC
Product Advisory Council (PAC) is a group of customers, industry experts, and stakeholders who provide feedback and guidance on a company's product strategy and development.
NLP
Natural Language Processing (NLP) is a field of AI focused on the interaction between computers and humans using natural language.
Product Roadmap
A strategic plan that outlines the goals, milestones, and steps needed to deliver a product that achieves desired outcomes incrementally, providing a clear path forward.
Scenario Mapping
A method used to create detailed narratives of potential future events to explore and understand possible outcomes and inform decision-making.