Orienting AI toward Specific Areas
Explore how to orient AI products toward specific industries by analyzing competitive positions using tools like Gartner's magic quadrant. Learn to identify market leaders, challengers, niche players, and visionaries to strategically position AI products, address customer pain points, and leverage data for ongoing product improvement.
Domains in AI
When discussing domains, there are really two major domains we’ll want to invest significant time in establishing credibility. The first is in understanding AI concepts themselves, which we’ve already covered extensively throughout this course so far. The second is in understanding how AI is helping certain domains achieve success. Considering that the part of the course we’re in is focused on building an AI-native product, we will focus on how an AI PM can achieve this as they’re setting out to build a new AI product.
Gartner magic quadrant
Depending on the industry we’re in, we’re going to want to understand our space well enough that we have an understanding of who our direct and indirect competitors are. This might be more straightforward or not, depending on the space we’re working and competing in. Gartner has a great tool called the magic quadrant. The four areas of the quadrant are as follows:
Leaders: Established players in a market that have been most reliable and prevalent. They demonstrate the most complete vision as well as the highest ability to execute.
Challengers: Newcomers that are threatening the dominance of leaders in a given market. Their completeness of vision isn’t quite where it is for leaders, but they are able to compete on execution.
Visionaries: This group has a ...