The Rise of AI Product Management: A Gateway to Career Opportunities (series 1)

zabiofficial
Feb 26, 2024
2 min read

Series 1 Topic: Demand for AI product Manager

AI is changing the world in so many ways, and it's creating new opportunities for people who want to work in this exciting field. In my view, one of the most important roles in AI is the AI product manager - the one who is responsible for making sure that AI products and services are designed, built, and delivered in the best possible way.

If you're curious about what an AI product manager does and how you can become one, then this blog post is for you. I'll explain what AI product management is, why it's so important, and what skills and qualifications you need to succeed in this role.

What is AI Product Management?

· AI product management is the process of managing the development, implementation, and maintenance of AI-powered products and services. It's similar to traditional product management, but with some key but significant differences.

· AI product managers need to understand not only the customer needs and the market trends, but also the technical aspects of AI, such as data sources, algorithms, models, and frameworks. They also need to be aware of the ethical implications, privacy issues, and regulatory challenges that come with using AI in different contexts.

· AI product managers work closely with various stakeholders, such as engineers, data scientists, designers, marketers, and executives, to define the vision, strategy, roadmap, and features of AI products and services.

Why is AI Product Management Important?

AI product management is important for the following reasons

1. AI potential & Impact:

a. AI potential to transform industries by creating value for businesses and customers alike.

b. AI can help businesses improve their operational efficiency, increase their revenue growth, and enhance their customer experiences.

c. AI can also help customers solve their problems. For example, AI can assist customers with queries, suggestions, feedback, and actions.

2. AI ROI:

a. Several businesses are struggling to realize quick value of AI investments, lack of adoption or operational issues implementing AI into businesses.

b. Lack of AI strategy formation and execution due to poor collaboration and lack of accountability

3. AI Risks & Challenges:

a. AI comes with challenges and risks that need to be addressed carefully such as User biases, ethical issues, privacy threats, and regulatory hurdles.

b. AI unintended applications such as deep fake (fake news) which can harm users or society.

Therefore, AI product managers play a vital role in ensuring that AI products and services are not only effective and efficient but also ethical and responsible.

Before we understand about who is AI Product manager, lets understand how is the future shaping the AI Product Management.