User experience (UX) is the practice of creating products that address the needs of users, and which users can navigate easily and intuitively so that they can get value quickly. User experience is also literally that, how the user experiences the product.
Product teams build products to improve a user’s life, right? Well, UX helps them do that. It helps users get the most out of the product.
Furthermore, creating an easy-to-use product is one of the surest ways to retain current users and gain new ones. If a product is difficult to use, usage will stall, and churn will follow. In today’s competitive market, users expect thoughtfully designed, intuitive software. In particular, they expect their business applications to be as simple to navigate as those they use in their personal lives. A Forrester Research report found that for every $1 invested in UX, companies see $100 in return, a truly staggering ROI of 9,900%.
Further, if users can’t get value out of a product quickly, then the time and resources that the company invests in building features are basically wasted. A Pendo study found that public cloud software companies collectively invested up to $29.5 billion in R&D costs in features that ended up unadopted or underutilized.