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Key to Successful AI Product Strategy
Must Read for Every AI Product Manager
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The tech world is buzzing about Artificial Intelligence (AI), but how can product leaders cut through the hype and develop an effective AI product strategy?
This guide will walk you through the essential steps, offering insights into how to leverage AI to create delightful, defensible, and profitable products.
First, let’s see what are the successful AI Product Strategies.
Examples of Successful AI Product Strategies?
- Netflix’s Personalization Engine: Netflix personalizes user experience by recommending movies based on user viewing history.
- Adobe Firefly: This image generator allows designers to create custom images using AI. The hard-to-copy is Adobe’s training data from its stock photo library. The margin enhancement is charging for Firefly and integrating it into Adobe’s suite of products.
- eBay’s “Shop the Look”: This feature uses purchase history to generate personalized style recommendations. Only eBay has your purchase history making it hard to copy. The margin enhancement is driving frequency and keeping customers engaged.