Valuable insights by learning and applying AI in product management life cycle
This chapter is dedicated to sharing my experiences, valuable resources, and insights gained along the way as I explore the fascinating fields of Artificial Intelligence (AI): Machine Learning (ML) and Generative AI (GEN AI) in product management life cycle:
How to create a new market place?
Focus on converting noncustomers of the industry into new demand
To reach beyond existing demand, think noncustomers before customers; commonalities before differences; and desegmentation before pursuing finer segmentation
From Exeptional Utility to Strategic Pricing
Identifying the price that will quickly capture the mass of the target buyers and deducting desired profit margin will bring you to the target cost
Innovation process
Assume that you have a product manager thinking out off the box, would it be enough to create innnovation in your company? The answer lies in the process by which the ideas get shaped. Midlevel managers play a crutial role in every company’s innovation process, as they shepherd partially formed ideas into fully fledged business plans in an effort to win funding from senior management. Midlevel managers support their proposals with data from existing customers and markets for similar products that have been successful in the past. The problem for growth-seeking managers is that the excisting growth markets of tomorrow are small today.
Useful material:
MIT 6.036 Introduction to Machine Learning:
https://openlearninglibrary.mit.edu/courses/course-v1:MITx+6.036+1T2019/course/
Advanced: Generative AI for Developers Learning Path by Google Cloud:
https://www.cloudskillsboost.google/paths/183
AWS Data Governance Master Class by Kevin Lewis:
https://pages.awscloud.com/GLOBAL-devadopt-DL-Data-governance-master-class-2023-learn.html?refid=faq_card
Amazon Q Business Getting Started:
https://skillbuilder.aws/learn/XDC51QHE4W/amazon-q-business-getting-started/GTNUVSWBJ2
AWS SimuLearn: Create an Enterprise Knowledge Assistant:
https://skillbuilder.aws/learn/7E4FETUE2Y/aws-simulearn-create-an-enterprise-knowledge-assistant/2F4Q5XU8WB
AWS SimuLearn: Generate Code for a Webpage:
https://skillbuilder.aws/learn/XR5XSR3BHZ/aws-simulearn-generate-code-for-a-webpage/SFXMVX8EFH
