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Chester Beard
August 06, 2024
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Meta has launched a series of AI tools. These tools cover video, illustration and audio tools.
GitHub has launched GitHub models. This is a playground for AI models similar to Hugging Face.
Alibaba has launched an AI tool to enhance B2B sourcing.
Nvidia competitor Cerebras has filed for an IPO.
Research
How do you prevent an AI bot from becoming overconfident?
How can randomization improve fairness when allocating resources?
Even though we expect LLMs to behave as humans do. New research shows how you expect an AI chatbot to behave influences how the tool is deployed.
Tools
Extruct, for business research at your finger tips.
Artisan AI improve your outbound reach with a team of AI created team members.
Trinka can help you with your grammar. You can signup for free.
Usul.co, for government contractors as it monitors and audits government contracts and monitors policy involving contracts.
Prompt
Man leaning over his desk in deep concentration. he is fretting over his company's lack of revenue growth
Business Strategy Prompt
Act as a business strategy consultant and help our compnay implement revenue enhancing strategies to increase revenue growth by optimizing performance. Utilize the information below to develop a comprehensive strategy.
Company Revenue Goal: [input goal]
Current Sales Process Challenges: [ detail currrent process and highligh what is not working]
Sales Team Structure:[describe the current sales team, skills and skill gaps that need to be addressed.]
Technology and Tools:[ List current tech used by the sales team, and note gaps and inefficiencies.]
AI in Product Research
Product researchers are constantly seeking innovative ways to gain deeper insights into customer preferences and behaviors. Enter artificial intelligence (AI) – the game-changer that's revolutionizing the field of product research.
The AI Adoption Wave
A recent study by Amplitude and Survicate reveals a significant shift in how product researchers approach their work. Nearly two-thirds of professionals in this field have already integrated AI into their workflows, leaving only 35% yet to explore its potential.
How AI is Transforming Product Research
1. User Feedback Analysis: Over half of the surveyed researchers use AI to parse vast amounts of data, uncovering patterns that might escape human observation.
2. Smart Product Recommendations: Around 40% of researchers leverage AI to suggest products to potential customers, enhancing the likelihood of successful matches.
3. Customer Segmentation: 36% of professionals use AI to categorize customers into distinct groups, allowing for more targeted marketing and product development.
4. Price Optimization: While still in its early stages, 17% of researchers are exploring AI's potential in determining optimal pricing strategies.
The Human Touch Remains Essential
Despite the enthusiasm for AI, it's clear that human expertise is still irreplaceable. AI is primarily being used to automate time-consuming tasks like summarizing thousands of open-ended survey responses. This automation frees up researchers to focus on what they do best – analyzing data, drawing insights, and making strategic decisions.
Concerns
As with any new technology, the adoption of AI in product research comes with its share of concerns:
- 40% of researchers express caution about the quality of AI-generated insights.
- Ethical considerations, data privacy, and implementation costs are on the radar for many professionals.
- Interestingly, 21% of researchers report no concerns about using AI in their work.
In the Future it is possible…
As AI technology continues to evolve, we can expect to see even more innovative applications in product research. The key to success will likely lie in finding the right balance between AI-driven efficiency and human expertise.
For businesses looking to stay competitive, embracing AI in product research could be the key to unlocking deeper customer insights and driving innovation. However, it's crucial to approach this integration thoughtfully, addressing concerns and ensuring that AI complements rather than replaces human intelligence.
