Product discovery is a vital part of successful product development and management. It is the process of understanding customer needs and market trends to develop and update products and services that meet customer demand. To get more details about product discovery, you may check it here. Here are some best practices for conducting product discovery: 

Research and Understand the Market: It is essential to research the market before starting product discovery. Research should include an understanding of the customer, the competition, and the market landscape. This research should be used to create a thorough market analysis that identifies customer needs, market trends, and opportunities. 

Gather Customer Feedback: Gathering customer feedback is a key part of product discovery. Customer feedback should be gathered through surveys, interviews, and focus groups. This feedback should be analyzed to gain insights into customer needs and preferences. 

Conduct User Testing: User testing is an important part of product discovery. It should be conducted to identify usability issues, user preferences, and areas for improvement. User testing should include both prototype testing and live product testing. 

Set Objectives and Milestones: Setting objectives and milestones is essential to ensure that product discovery is successful. Objectives should be specific to the project and should be used to measure progress. 

Analyze Results and Iterate: It is important to analyze the results of product discovery and to make adjustments as needed. Analysis should include identifying issues, assessing customer feedback, and analyzing user testing results. Iteration should be used to make improvements and to ensure that the product meets customer needs.