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AI has the potential to transform industries, yet many businesses struggle to scale AI projects beyond pilot phases. Reports indicate that up to 85% of AI initiatives fail to meet their intended outcomes, often due to misalignment with organizational goals and poor execution. Product management (PM) plays a crucial role in addressing these challenges by fostering customer-centricity and cross-functional collaboration.
By treating AI initiatives as products, organizations can ensure alignment and sustained value delivery. Key principles of PM, such as iterative development and prioritization frameworks, help navigate common pitfalls in AI projects. A real-world example illustrates how a mid-sized retail company improved inventory management through an AI-driven forecasting model, significantly reducing stockouts and enhancing stakeholder trust.
• 85% of AI projects fail due to misalignment with business goals.
• Product management transforms AI initiatives into sustainable products.
Product management provides the discipline necessary to align AI initiatives with business goals.
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Object Technology Solutions specializes in AI-driven digital transformation within the logistics and supply chain industry.
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