Prototyping product in a fast-paced, data-heavy market
Overview
CRU Group offers business intelligence on the global metals, mining and fertiliser industries through market analysis, price assessments, consultancy and events. The sector in which the Group operates is undergoing significant changes as a result of the increasingly-complex relationship between commodities and their costs, both economic and environmental, and the need for a more granular and flexible approach to data to secure customers and market share.
CRU Group approached Daedalus to explore the possibility of developing a new, software-led product which would enable it to reach a broader range of customers with the same industry-leading analysis and insight which had underpinned the business in the past - while maintaining sales and keeping profit margins.
Within a period of just 5 calendar weeks Daedalus delivered a proof-of-concept product with the potential to do just that - a proof-of-concept which is already being tested in-market and driving results ahead of eventual full development and deployment.
What Daedalus did
Our role was to work within the business as part of a wider ‘innovation’ brief, to translate the deeply-held expertise of its analysts into a tool which put that intelligence in customers’ hands directly as a means of driving revenue through innovation.
We worked with CRU Group to determine what their immediate need was - from prototype to MVP - and, once agreed, to develop a design which fulfilled their immediate business needs and could be taken to market to gauge interest and potential impact.
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Undertook a detailed scoping exercise to understand the specific contours of the project, from the available data being leveraged to the end-customer need being served
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Completed parallel commercial analysis to determine the commercial scope and function of the project within the CRU Group business
03
Developed three distinct options for the client to choose from in terms of implementation, ranging from extended prototyping to fully-functional ‘Minimum Viable Product’
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Undertook a full UX/UI mapping exercise to define functionality and product flow
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Developed an enhanced Figma template to act as a prototypical illustration of the end product, delivering a fully-functional model to illustrate the MVP and drive demand for it within the business and demonstrating real-world functionality
06
Designed prototype so as to be scalable and fully dev-ready, for eventual final build and deployment (whether by Daedalus,another third party developer, or internal resource). Prototyping was always done with easy, low-cost implementation in mind
01
Had a fully functional new product prototype which could be used to build support for the innovation within the wider business and with existing and potential clients to gauge interest and potential commercial impact/market size
02
Had successfully secured support for further development of the prototype into an MVP from within the business
03
Was equipped to commence development of the prototype into a market-ready product with minimal additional planning
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