Real-time feedback significantly improves product development by allowing teams to make rapid adjustments based on user interactions or testing outcomes. This iterative process enables developers to identify and address issues quickly, enhancing user satisfaction and product functionality. Utilizing tools such as A/B testing, feedback collected during various stages of development informs design decisions and feature enhancements. By integrating continuous feedback into the development cycle, organizations can foster a culture of innovation and ensure that final products meet market demands.