New Product Dev: Top-5 Mistakes and AI solutions

Using AI to Avoid New Product Mistakes

Deepam Mishra | AI-inside series

This is a continuation of the previous discussions on the 5-P AI-Inside-Innovation Framework. This article dives deeper into the 2nd stage of the process (new product development), after having built a solid hypothesis of customer need.

As shown below, there are 4 steps of building a successful new product. More importantly, weaving AI-driven data discovery and validation can accelerate and de-risk this process. Those leveraging AI-Inside for new product development can be 5 to 10 times faster in product iteration (weeks vs. months of iteration and development cycle).