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AI Product Manager's Handbook - Second Edition

Name: AI Product Manager's Handbook - Second Edition
Author: Irene Bratsis
ISBN: 9781835882849

by Irene Bratsis

November 2024

Beginner to intermediate

488 pages

17h 42m

English

Packt Publishing

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Preface
Who this book is forWhat this book coversGet in touchLeave a Review!
Part 1: Lay of the Land – Terms, Infrastructure, Types of AI, and Products Done Well
Understanding the Infrastructure and Tools for Building AI Products
Getting the most out of this book – get to know your free benefitsDefinitions – what AI is and is notIntroducing ML and DLThe old – exploring MLA brief history of DLThe new – exploring DLInvisible influencesML versus DL – understanding the differenceMLDLLearning paradigms in MLSupervised learningUnsupervised learningSemi-supervised learningReinforcement learningLLMs, NLP, GANs, and generative AISucceeding in AI – how well-managed AI companies do infrastructure rightThe order – what is the optimal flow and where does every part of the process live?Step 1 – DefinitionStep 2 – Data availability and centralizationStep 3 – Choose and train the model Step 4 – Feedback Step 5 – Deployment Step 6 – Continuous maintenanceStoring and managing dataDatabaseData warehouseData lake (and lakehouse)Data pipelinesManaging projects – IaaSDeployment strategies – what do we do with these outputs?Shadow deployment strategyA/B testing model deployment strategyCanary deployment strategyExampleThe promise of AI – where is AI taking us?SummaryAdditional resourcesReferencesJoin us on Discord
Model Development and Maintenance for AI Products
Understanding the stages of NPDStep 1 – DiscoveryStep 2 – DefineStep 3 – DesignStep 4 – ImplementationStep 5 – MarketingStep 6 – Beta testingStep 7 – LaunchModel types – from linear regression to neural networksOKRsObjectives and key resultsMetrics and KPIsTraining – when is a model ready for market?Deployment – what happens after training?Testing and troubleshootingEthical retraining – the ethics of how often we update our modelsThe current state of accountabilityImplementing ethical standards in your organizationSummaryAdditional resourcesReferences
Deep Learning Deep Dive
Types of neural networksMultilayer perceptronsCase studyRadial basis function networksSelf-organizing mapsConvolutional neural networks Recurrent neural networks Long short-term memory networksDeep belief networks Exploring generative AI modelsGenerative adversarial networksAutoencodersDiffusion models Transformer models Emerging technologies – ancillary and related techExplainability – optimizing for ethics, caveats, and responsibilityGuidelines for successSummaryReferences
Commercializing AI Products
The professionals – examples of B2B products done rightThe artists – examples of B2C products done rightThe pioneers – examples of blue ocean productsThe rebels – examples of red ocean productsThe GOATs – examples of differentiated disruptive and dominant strategy productsThe dominant strategyThe disruptive strategyThe differentiated strategySummaryReferencesJoin us on Discord
AI Transformation and Its Impact on Product Management
Money and value – how AI could revolutionize our economic systemsExamples and use casesLimitations and uneven adoptionProduct perspectiveSickness and health – the benefits of AI and nanotech across healthcareExamples and use casesProduct perspectiveGoods and services – growth in commercial applicationsExamples and use casesProduct perspectiveGovernment and autonomy – how AI will shape our borders and freedomBasic needs – AI for GoodSummaryAdditional resourcesReferences
Part 2: Building an AI-Native Product
Understanding the AI-Native Product
Stages of AI product developmentPhase 1 – IdeationPhase 2 – Data managementPhase 3 – Research and developmentPhase 4 – DeploymentAI/ML product dream teamAI PMAI/ML/data strategists/architectsData engineerData analystData scientistML engineerFrontend/backend/full stack engineerQA/testing engineerUX designer/researcherCustomer success specialistMarketing/sales/go-to-market teamInvesting in your tech stackProductizing AI-powered outputs – how AI product management is differentAI customizationSelling AI – product management as a higher octave of salesCase study AI product development cycleTeam breakdownTech stackAI outputsGTM strategy and verticalizationSummaryReferences

Productizing the ML Service
Basics of productizingAI versus traditional software product managementHow are the products different?ScalabilityProfit marginsUncertaintyHow are the products similar?Agile developmentDataHow does the role of an AI PM compare with a traditional PM?B2B versus B2C – productizing business modelsDomain knowledge for B2B products – understanding the needs of your marketExperimentation with B2C products – discover the needs of your collectiveUsing AIOps/MLOpsConsistency and AIOps/MLOps – reliance and trustPerformance evaluation – testing, retraining, and hyperparameter tuningFeedback loop – relationship buildingCase study SummaryReferences
Customization for Verticals, Customers, and Peer Groups
Domains – orienting AI toward specific areasUnderstanding your marketUnderstanding how your product design will serve your marketBuilding your AI product strategyVerticals – examination of some key domainsFintechChatbots and virtual assistantsFraud detectionAlgorithmic trading and predictive analyticsHealthcareImaging and diagnosisDrug discovery and researchMarketing – segmentationManufacturing – predictive managementEducation – personalized learningCybersecurity – anomaly detection and user and entity behavior analyticsThought leadership – learning from peer groupsCase Study The marketProduct design and strategyThought leadershipSummaryReferencesJoin us on Discord
Product Design for the AI-Native Product
Product design elements 101 Understanding the end userDefining the problemExperimentationValidationIterationAestheticsDocumentationWhat makes the AI-native product design process special? User obsessionMachine learningExplainabilityChoosing your priorities wiselyEnsuring clarityAdding complexityBrandingWhat’s the story you’re telling?Set the stageCharactersProgressionKnowledgeCall to actionCase studySummaryReferences
Benchmarking Performance, Growth Hacking, and Cost
Value metrics – a guide to north star metrics, KPIs and OKRsNorth star metricsKPIs and other metricsOKRs and product strategyHacking – product-led growthThe tech stack – early signalsCustomer data platforms (CDPs)Customer engagement platforms (CEPs)Product analytics toolsA/B testing toolsData warehousesBusiness Intelligence (BI) toolsGrowth-hacking toolsManaging costs and pricing – AI is expensiveCase studyNorth star metricsKPIsOKRsGrowth hackingSummaryReferencesJoin us on Discord
Managing the AI-Native Product
The head – Managing alignment VisionGood vision statementsBad vision statementsCommunicationThe heart – Managing people and values SafetyEmpowermentThe guts – Managing the rest Case study SummaryReferences Join us on Discord
Part 3: Integrating AI into Existing Traditional Software Products
The Rising Tide of AI
Evolve or die – when change is the only constantChanges in the Fourth Industrial RevolutionCultural and structural changesWorking with an AI consultantWorking with a third partyThe first hireThe first AI teamFear is not the answer – there is more to gain than lose (or spend)Anticipating potential risksHow LLMs are evolving and the rise of open source LLM capabilitiesCase studyImplementationRisksMarkers of successSummaryReferences
Trends and Insights Across Industry
Highest growth areas for AI integrationApplied/embedded AI – applied and integrated use casesEthical AI – responsibility and privacyGenAI – immersive applicationsAutonomous AI development – TuringBotsLow-hanging fruit – quickest wins for AI enablementRiding the GenAI waveSummaryReferences
Evolving Products into AI Products
Ideation – what’s possible, what’s desirable, and what’s probableList 1 – valueList 2 – scopeList 3 – reachCase studyValueScopeReachData management – the bloodstream of the companyPreparation and researchEnsuring quality partnershipsBenchmarking and defining successCompetition – love your enemiesProduct strategy – building a blueprint that works for everyoneProduct visionProduct strategyProduct goalsThe product roadmapRed flags and green flags – what to look for and watch out forRed flagsGreen flagsSummaryAdditional resourcesJoin us on Discord
The Role of AI Product Design
The evolution of product design Ideation: Managing expectationsData management: Strategizing and integrityR&D: Mapping the user experience journeyDeployment: Are you ready to scale?Expansion: What makes the evolved AI product special? Decisions and insightsAutomation and adaptabilityPersonalization and learningChoosing your words carefully Product language fitAccessibility and inclusivityBuilding with trust and security BiasAccountability and explainabilitySecurityCase studyIntegrating AI into ProjectABZ: A project management tool created by ABCDZCoIdeation and researchDesign and developmentMarketing and communicationSummaryReferences
Managing the Evolving AI Product
The head – managing alignment Strategic alignmentFeedback loopsThe heart – managing the people and values The guts – managing data, infrastructure, and ongoing maintenance Infrastructure and dataMaintenanceCase studyAI transformation for ProjectABZManagement alignmentPeople alignmentOperational alignmentResults and outcomesSummaryJoin us on Discord
Part 4: Managing the AI PM Career
Starting a Career as an AI PM
Bolstering your knowledge in theory and practice TheoryPracticeWhat an AI PM looks like todayThe importance of communities Choosing your AI PM specializationCase study SummaryReferences
What Does It Mean to Be a Good AI PM?
A job family of many hats Technical proficiencyTechnologistAI expertTechnical translatorData stewardData strategistQuality controllerAnalystBusiness acumenStrategistRevenue driverPartnership builderInnovatorMarket researcherCompetitor analystCommunicationProject managerChange agentStakeholder managerEducatorRisk assessorLeadershipVisionaryEthicistTeam leaderStorytellerMotivatorKnowledge sharerProblem solvingCustomer advocateRegulatory complierFacilitatorData-driven decision makerAdaptability managerConflict resolverThe AI whisperer and the role of communicating accessiblyCommon challenges and opportunities as you’re leveling up in your careerThe importance of self-care Case studySummary
Maturing and Growing as an AI PM
Projecting – what’s your ideal AI PM roadmap?Level 1 – building a foundationLevel 2 – strategic growthLevel 3 – specializing and leadingLevel 4 – a light for othersLearning – staying informed and inspiredThought leadershipCertifications and degreesProfessional developmentNetworking – deepening your involvement with the professional communityGrowing – the student becomes the teacher Embracing challengesReflectingEstablishing a feedback loopWhat’s next? The world is our oyster Case studyProjectingLearningNetworkingGrowingWhat’s next?Summary
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Index

Content preview from AI Product Manager's Handbook - Second Edition

10 Benchmarking Performance, Growth Hacking, and Cost

In this chapter, we will understand the benchmarking needed to gauge product success in all its various forms. We will be looking at performance metrics from a product and growth perspective. These include value metrics, north star metrics, key performance indicators (KPIs), and objectives and key results (OKRs) that companies can use to get early signals on whether their product strategy is successful and will lead to growth hacking. We will also be discussing how companies can prepare themselves to defend their product when it’s compared to other products.

When it comes to the success of your product, it will all come down to how effectively you can communicate its value to your potential ...

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AI Product Manager's Handbook - Second Edition

by Irene Bratsis

10

Benchmarking Performance, Growth Hacking, and Cost

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.