Artificial Intelligence Product Management - Identifying Opportunities and Developing AI Product Solutions

Abstract

Artificial Intelligence (AI) is becoming a new reality of product management, as it will make possible the development of innovative solutions to solve difficult business and customer issues. Management of AI products should entail the identification of high-impact opportunities, conception of AI-based solutions, and the development and implementation of the solutions. It involves a thorough knowledge of market requirements, technical practicality and ethical aspects along with cross-functional teams that involve data scientists, engineers and stakeholders. Through a systematic integration of AI capabilities and business goals, companies are able to design products that can provide quantifiable value, improve user experiences and remain competitive. The current paper discusses the identification of opportunities, designing AI solutions, and overcoming the challenges in AI product management, illustrating the best practices and frameworks that enable to achieve a successful AI product lifecycle.