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:

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How to create a new market place?

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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

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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

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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.

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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