I just saw an interesting article/slideshow highlighting the 12 biggest tech failures of the last decade. While I may not have agreed with everything in the list, I look at articles like these as a chance to learn from other’s mistakes.
For example, I notice that a few of these failures were the result of products being rushed to market before they were ready. As a result, they didn’t function correctly, and alienated users. With a little more patience and testing…who knows? Maybe they wouldn’t be on this list.
Another example: I think a couple of the items (Wave and Segway) were good concepts that just didn’t fill a need. This point is critical and applies to everyone in business. Whether you’re creating products for the public or have a great idea for your boss, always ask yourself: “How does this solve a problem?” Ideas that are simply “cool” but don’t solve a problem usually won’t work out.
How about you? What else can we learn from these product failures?