The Transformative Impact of AI on Product Management: New Tools and Methods

Authors

Darshak Sanghavi

Abstract

Artificial Intelligence (AI) and Machine Learning (ML) are increasingly reshaping the landscape of product management (PM), introducing new tools, methodologies, and capabilities that significantly enhance decision-making, product discovery, and customer personalization. These technologies offer product managers (PMs) the ability to automate routine tasks, predict market trends with greater accuracy, and deliver highly personalized user experiences. From enhancing product discovery to forecasting product success and improving stakeholder communication, AI and ML are providing powerful tools to help PMs work more efficiently and make data-driven decisions. However, as these technologies evolve, they also raise ethical concerns that product managers must consider to ensure fairness, transparency, and accountability in AI-driven product development. This white paper explores the role of AI in transforming PM practices, the latest AI tools and techniques available to PMs, and the ethical implications of AI in product design.

Keywords

Artificial Intelligence, Product Management, Machine Learning, Product Discovery, Personalization, Predictive Analytics, AI Tools, Ethical AI, Data-Driven Decision Making, Customer Experience

The Transformative Impact of AI on Product Management: New Tools and Methods. Darshak Sanghavi. 2024. IJIRCT, Volume 10, Issue 4. Pages 1-5. https://www.ijirct.org/viewPaper.php?paperId=2412103