Unlocking the Power of Artificial Intelligence in Product Management

In a rapidly evolving digital landscape, Artificial Intelligence (AI) has cemented itself as a cornerstone of innovation, particularly within the realm of product management. Sarah Shaiq, Senior Director and Head of Product Management at Backbone AI, recently shed light on the significance of AI and its implications for future trends, job automation, and the critical importance of preparing for its ubiquity.

The Need for AI Adoption in Product Management

As industries increasingly adopt AI, it’s essential for product managers to understand its capabilities to stay competitive. AI is revolutionizing traditional business processes by automating routine tasks, enhancing decision-making, and fostering personalized customer experiences. Transition to AI product management: essential for data handling and supply chain optimization.

Gearing Up for AI-Driven Future Trends

The current trajectory places AI at the heart of the fourth industrial revolution, emphasizing data automation and predictive analytics. This shift necessitates product managers to become AI-literate, equipping themselves to handle AI-powered products that are bound to dominate their industry. Shaiq emphasizes hands-on AI tool engagement over theory for aspiring product managers, advocating practical implementation in domain-specific contexts.

AI Preparation Is Job Preparation

On the job front, AI’s role is multifaceted – it’s not just about technology implementation but also about job preparation. In the near future, the potential absence of AI capabilities could render product managers obsolete. Shaiq urges product managers to gain practical AI experience amidst rising industry demand.

The Value of AI Adoption In Business Operations

AI adoption brings significant value to business operations. It’s an investment that can yield increased revenue and reduced costs, as AI’s predictive nature can pinpoint areas for cost-cutting and revenue generation. Shaiq’s experience reveals an array of AI use cases from content recommendation to churn prediction, which have delivered substantial ROIs.

AI Competencies in Product Management

Managing an AI-powered product goes beyond understanding algorithms and computational models; it’s about aligning AI’s capabilities with customer needs, business goals, and proper resource allocation. Shaiq delineates the need for a viable machine learning use case and the importance of discussing accuracy, precision, and recall with your team, ensuring that the product’s core functionalities are AI-enhanced and beneficial to its intended audience.

Conclusion

In conclusion, artificial intelligence is redefining the boundaries of product management. Sarah Shaiq emphasizes AI’s pivotal role in shaping smarter, intuitive products, driving a foundational shift in product management. Stay relevant in the evolving market by embracing AI’s predictive power for product innovation and job sustainability.

Leave a Comment

Your email address will not be published. Required fields are marked *

SELECT YOUR BATCH


Upcoming Cohorts of PG Diploma Program

Cohort 17

Starts: 3 Apr’21

Registrations close on 27 Mar’21
Seats Left: 3

Cohort 18

Starts: 20 Apr’21

Registrations close on 16 Apr’21
Seats Lefts: 14

Cohort 19

Starts: 18 May’21

Registrations close on 14 May’21
Seats Lefts: 15

Artificial Intelligence Program

 

Program Features

  • Learn advanced skills and gain a thorough understanding of modern AI
  • Solve Real world projects in AI
  • Learn to build AI models from the scratch
  • Not a Job Guarantee Program

Great For

  • Working professional in managerial role who want to develop core AI skills to build their career in machine learning and AI
  • Founders & Entrepreneurs who want to learn and apply AI in their own businesses
  • Management Consultants looking to understand the applications of AI across Industries
  • Senior Managers & executives wanting to develop a strategic understanding of applied AI

SELECT YOUR BATCH


Upcoming Cohorts of PG Certificate Program

Cohort 17

Starts: 22 Mar’21

Registrations close on 18 Mar’21
Seats Available: 12

Fees: $2499 $1899

 

Cohort 18

Starts: 20 Apr’21

Registrations close on 16 Apr’21
Seats Left: 14

Fees: $2499 $1899

 

Cohort 19

Starts: 18 May’21

Registrations close on 14 May’21
Seats Left: 15

Fees: $2499 $1899

 

Flipped Classroom

 

Our learners learn by discussing and debating on real-world problems and are actively involved in the solution design process.

Conventional classroom

Sage on Stage

  • A teacher shares the knowledge via live presentations
  • Teachers are at the center of the learning and considered sage on stage
  • Knowledge transfer is one-way and the focus is on knowledge retention
  • Learners don’t get to discuss their ideas or opinions in the class
  • Hence, most learners are unable to apply these concepts in their everyday work life
  • Great for scenarios, where knowledge acquisition and retention is the only focus

Flipped classroom

Guide on side

  • Learners are the center of the universe
  • Classes are meant for healthy discussions and debates on topics
  • Learners go through the material on their own provided by the mentors
  • Mentors work as guide on the side, with the learners
  • Learners develop skills on problem solving, critical thinking and self-learning – the 21st century skills that employers look for
  • Great for scenarios where application skills matter
  • 21st century skills require guide on the side. Simply acquiring knowledge is worthless now.

Launching Soon!

Request Callback

 

Let us help you guide towards your career path

  • Non-biased career guidance
  • Counseling based on your skills and preference
  • No repetitive calls, only as per convenience

If the calendar is taking time to load you can click on the link below to schedule a call:

Click here to schedule a call