A business can use data to inform its product development process in several ways. Firstly, data can be used to understand customer needs and preferences, which can guide the development of new products. Secondly, data can be used to track the performance of existing products, which can inform improvements or modifications. Thirdly, data can be used to identify market trends and opportunities, which can inform the development of innovative new products. Lastly, data can be used to evaluate the success of product launches, which can inform future product development strategies.
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