That's the final step to evaluate value created for the company by the efforts made so far. Running surveys, user feedback reviews, tagging, segmentation, feature retention and bounce rates can give a lot of information on how we improved or worsened the main business metrics specified in the beginning.
Side note:
The best way is to release on small groups of people first. You can use different segments, audiences or specific markets based on the countries.
At this point, we have three possible scenarios:
1. Return to the Learn phase and make a more significant improvement.
2. Continue improving the functionality on the Improve phase.
3. Go to the Finalization phase.
Surprisingly, but even after a round of development, some successful companies can roll back new functionalities. The reasons that justify those decisions usually are based on unmet target metrics or lack of desired engagement. By the way, check out articles about the feature flagging for that purposes.