For an industry that changes daily (AI, web3), how do you think about building a product strategy around it?

What I've enjoyed about being in tech is entire industry lifecycles happen within a few years because the pace of innovation is so fast: you can identify new customer problems, build innovative solutions, and scale entire businesses that transform a given market – all within a year or two. This is that much more true of the creator economy right now, where mobile phone-based tools transform content creation and disruptive innovations in distribution & monetization of creative work converge a ...Read More

First, Evaluate how disruptive gen AI is to your business If I don’t do anything, can competitors with gen AI make me obsolete? Creative work: advertising, design, gaming, media, entertainment A lot of document processing: legal, insurance, HR If I don’t do anything, will I miss out opportunities to boost revenue? Customer support: chat, call centers Search & recommendation Productivity enhancement: automated note-taking, summarization, information aggregation If there are opportunities, wha ...Read More

In industries where the pace of change is rapid and often unpredictable, building an effective product strategy requires agility, foresight, and a strong understanding of the underlying technologies and market dynamics. 1. Embrace Flexibility and Agility Adaptive Roadmaps: Develop roadmaps that are flexible and can be adjusted as new information and technologies emerge. Prioritize agility over fixed long-term plans. Iterative Development: Implement an iterative development process, such as Agile ...Read More

The one thing that stays the same is ... is change (and maybe customers want to buy things)! In particularly volatile and fast-moving industries, strategies must be proportionately flexible and responsive. I have found implementing a strategy based on the following key questions helps guide you in being able to adequately formulate the next steps in the roadmap, services, and approach: What personas/segments/industries are currently being actively targeted and served well by the existing solutio ...Read More

Constant innovation is exciting! One of the most exciting aspects of being a product manager in software is the constant innovation. Every day I come across new a technology or process that can improve the product I'm working on. Not only do I need to stay on top of what's new, I need to have a perspective on how it can be incorporated into what I'm building. For example, despite the hype, it's hard to overstate how important AI is for technology in general. It is game changing. Automation has a ...Read More

Your product strategy should not be based around trends, but it should be flexible to leverage accelerators like AI. (Side note: IMHO Web3/Blockchain hasn't delivered on a revolutionary promise across too many industries yet due to many barriers in adoption and implementation). Using AI as an example, your product strategy should fundamentally align your business objectives with a solution that caters to the needs of your target market. AI is not the product - it's the (very powerful and revolut ...Read More