How AI Can Help Improve Product Management
CIOREVIEW >> Product Management >>

How AI Can Help Improve Product Management

By CIOReview | Monday, January 18, 2021
Justin Smith, CIOReview

Justin Smith, CIOReview

The product managers are trying to apply artificial intelligence in product management to solve products' problems.

FREMONT, CA: It has become more difficult for common people to understand powerful technologies like artificial intelligence (AI) and machine learning (ML) due to its hype. Here are a few tips that can help product managers to understand how AI can help in regular life.

As a product manager, it is necessary to understand the problem space so that it becomes easy for them to accurately define the requirements and allow the team to solve the issue. Most of the products on which the product managers have to work need decision-making based on data, although the process of making decisions might vary from time to time. For example, the decisions can be made by humans or machines, and the data can be dynamic or statistic. The priority on decision-making abstracts away the details of particular methodologies noise of industries. Such a wide range of definitions helps the product managers become more attentive towards the problem space and reduce distractions that might force them to think about solutions at an early stage of the procedure.

AI is a Technique That Helps to Solve Problems

Here are three primary concepts that can help as the groundwork of everything that the product managers do.

Tactic- Doing things accurately so that it becomes easy to execute the strategy

Vision- The end goal which the product managers try to accomplish

Strategy- Doing the correct thing to realize their vision

The product managers must operate every three levels at any given time, depending on the product lifecycle. They must align the teams to the vision they are trying to accomplish while confirming that every individual understands the strategy and how their daily operational system fits with the entire plan. It is also necessary to remember that AI is a technique that can be utilized for solving specific issues rather than a strategy or vision. Implementing AI without any end objective will not bring any value to the end-users.