Continued from previous post...
Third, AI can change how to collect customer feedback. A
minimum viable product is nothing more than a good start and feedback loop with
the target audience is essential to taking it to completion. Until recently,
product analytics has been largely restricted to structured or numerical data.
Notable and eminent AI experts argue that this is merely 20% of the data and
that companies have the remaining as unstructured and in the form of documents,
emails, and social media chatter. AI is incredibly good with analyzing large
amounts of data and even benefits from being tuned with more training data.
Compare this with focus groups that are not always accurate representations of
customer sentiment, and this leaves the product team vulnerable to potentially
creating a product that does not serve its customers well. These same experts
also make a case for the generative AI to help convert customer feedback into
data for business.
Fourth, AI can help with redefining the ways teams develop
products. It involves how engineers and product managers interact with the
software. In the past, professionals were trained in the use of
software-products-suite to the point where they were designated experts who
understood how each piece worked and imparted the same via training to others.
With AI, new team members can be onboarded rapidly by letting the AI generate
the necessary boilerplates or prefabricated units or provide a more interactive
way of getting help on software and hardware tools. What used to be wire diagrams and prototyping
can now be replaced with design examples with constraints provided to chatbots.
The interface seems just as human as a chat interface, so nothing about the internals
of machine learning needs to be known to those wishing to use the interface.
Finally, AI helps with creativity as well. Machine learning
algorithms are already used to learn patterns of transforming inputs to outputs
and then apply that pattern to unseen data. The new generative models can even
take this process a step further by encoding state between the constant stream
of inputs which not only helps to get a better understanding of such things as
sentiments but also generate suitable output without necessarily understanding
or interpreting each input unit of information. This is at the core of
capturing how a software engineer creates software, a designer creates a
design, or an artist creates an art.
By participating in the thinking behind the creation, AI is
poised to extend the abilities of humans past their current restrictions. Terms
like co-pilots are beginning to be used to describe this co-operative
behavior and come to the aid of product
managers, software engineers, and designers.
The ways in which AI and humans can improve each other
towards the development of a product is a horizon filled with possibilities and
some trends are already being embraced in the industry. Customer experience is
shifting in favor of self-service with near human like experience via
interactive chats and industrial applications that leveraged machine learning
models are actively replacing their v1.0 models with generative v2.0 models.
More interactive and engaging experiences in the form of recommendations, or
spanning across content, products or frameworks are certainly being envisioned.
By virtue of both the data and the analysis models, AI can not only improve but
redefine the product development process.
Experimentation at various scopes and levels is one way to
increase our understanding of the role AI can play and this is getting a lot
easier to get started. It is even possible to delegate the knowledge of machine
learning to tools that can work across programmatic interfaces regardless of
the purpose or domain of the applications. Just as prioritizing the use cases
were a way to improve the return on investment for a product, AI initiatives
must also be deliberated to determine the high-value engagements. In similar
fashion, leadership and stakeholder buy-ins are necessary to articulate the
value addition in the bigger picture as well as to take questions to cast away
any rumored concerns such as privacy and data leakages. When convincing the
leadership for investments, the
limitation of the role of AI to a trusted co-pilot is required. Lastly, the
risks of not investing in AI could also be called out.
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