Main benefits of using Design Thinking at work are:
• Significantly reduces time-to-market: With its emphasis on problem-solving and finding viable solutions, Design Thinking can significantly reduce the amount of time spent on design and development—especially in combination with lean and agile.
• Cost savings and a great ROI: Getting successful products to market faster ultimately saves the business money. Design Thinking has been proven to yield a significant return on investment; teams that are applying IBM‘s Design Thinking practices, for example, have calculated an ROI of up to 300% as a result.
• Improves customer retention and loyalty: Design Thinking ensures a user centric approach, which ultimately boosts user engagement and customer retention in the long term.
• Fosters innovation: Design Thinking is all about challenging assumptions and established beliefs, encouraging all stakeholders to think outside the box. This fosters a culture of innovation which extends well beyond the design team.
• Can be applied company-wide: The great thing about Design Thinking is that it‘s not just for designers. It leverages group thinking and encourages cross-team collaboration. What‘s more, it can be applied to virtually any team in any industry.
