Shyvee Shi is a Product Lead at LinkedIn, a community-builder, content creator and educator. She's been making waves through her online courses but she's now co-authored a book, "Reimagined: Building Products with Generative AI", which aims to help all of us survive and thrive in the new normal of AI-powered products. We talked about some of the themes from the book, and why it was important for her to write it.
Episode highlights:
1. Now is the time for product managers to get into generative AI
Whether you're experimenting with putting it in your own products or using it to turbocharge your product management duties, you need to check out generative AI if you want to stay ahead of the curve. It's not going to replace product managers any time soon, but it can help us dream bigger.
2. If your competitors can use AI to serve your customers better than you, your business could disappear overnight
75% of CEOs are terrified that generative AI will kill their business. It's like the Kodak story on steroids, and it's not even about tankers getting outmanoeuvred by speedboats anymore. Big companies are also getting in on the game and you need to have a response.
3. PMs have a responsibility to concentrate on the problem, not the technology
It's as important as ever for product managers to focus on solving real user problems, no matter what the tech. We can't just slap ChatGPT onto everything and call it a success. Generative AI can help us and our customers in new and interesting ways but we must concentrate on solving their real problems.
4. It can be hard to craft a workable go-to-market plan for AI products
This could be down to falling in love with the technology, struggles with pricing or quality, lack of explainability or poor understanding of your customers' most important jobs to be done. Make sure you're intentional about your go-to-market plan to avoid failure.
5. It can be hard to create moats when using generative AI solutions
So many of these solutions are built on the same back-end, and there are de facto default LLMs. In some cases, startups building on top of things like ChatGPT end up disappearing overnight because OpenAI has developed a new feature of its own. It is possible to create moats through proprietary data, excellent UX and good old-fashioned verticalisation. Make sure you create a moat!
Buy "Reimagined"
"Did you know that incorporating AI into products is now a pivotal strategy for businesses worldwide? According to a 2023 study from Accenture, a staggering 75% of C-suite executives agree that failure to integrate AI effectively in the next five years could lead to business obsolescence. "Reimagined: Building Products with Generative AI" is your essential guide in this transformative journey. It's not just about understanding AI and Generative AI technologies; it's about strategically harnessing them to drive innovation, team efficiency, and market success.
Check it out on Amazon.
Contact Shyvee
You can catch up with Shyvee on LinkedIn or check out Product Management Reimagined.
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