AI plays a crucial role in guiding corporate leaders through market trends, consumer behaviors, and technological possibilities in product development.
AI-driven insights in product development have led to successes like Netflix recommending personalized content and creating popular series tailored to audience preferences.
Challenges in AI-driven product development include over-reliance on data, ethical concerns about bias and societal impact, and the balance between AI insights and human creativity.
AI's potential in product development is vast, enabling faster drug discovery, democratizing innovation for start-ups, enhancing sustainability efforts, and reshaping required skills for corporate executives.