Investing in UX
One of the recurring difficulties of 'selling' the value of investing in user experience (UX) to a business is the moment when a decision-maker with a number-crunching bent says something scuttling, along the lines of "how much will we save or make by undertaking a thorough <insert usability activity>".
It's very hard to point to any demonstrable measure of value and make a compelling reply like "profits will rise by 15%".
But numbers speak and we need to find ways to tell great stories about UX using numbers. Props then to Jon Lax at the UX Magazine, whose article on investing in UX makes a compelling case for looking at UX from a macro point of view when assessing value. To make it fun he invested $50,000 in the theory.
On November 1, 2006 we invested $50,000 of our company’s money into a fund consisting of 10 companies we felt did a great a job at user experience. We wanted to test a hypothesis that companies who focus on UX will see it reflected in their stock price. The premise was to invest $5,000 in each company and hold the stock for 1 year. We called it the UX Fund.
His portfolio of UX-focused companies outperformed the market with a spectacular 39.7% growth in value over 12 months.
Find how it happened at UX Magazine.
