Product Managers and leaders are shifting from traditional product management to building AI-enabled or AI-first products where the same rules of experimentation are no more applicable.
Experimentation in the emerging world of traditional AI and GenAI involves new approaches, such as involving data scientists and machine learning engineers, parallel testing and iterations based on data.
The metrics used to evaluate experiment success differ significantly between traditional product management and AI/Generative AI (GenAI) contexts.
AI experiments can involve multiple models or configurations of such models (on parameter level or training set level) tested simultaneously (multivariate testing).
Customer problem always remains the key aspect to be addressed when testing AI-enabled features, and metrics like engagement, conversion rates, Customer Satisfaction Score (CSAT), retention rate, and profits per user are often evaluated.
GenAI experiments prioritize user-centric metrics that assess the quality and relevance of generated content, such as user satisfaction scores, engagement metrics, and content relevance.
Product managers can enhance recommendation systems by continuously monitoring and improving precision, recall, and F1 score in AI-enabled experiments.
In GenAI experiments, data teams develop chatbots that generate content by using models, such as GPT-4, and track metrics such as user satisfaction scores, engagement metrics and content relevance.
Traditional AI experiments rely heavily on accuracy, precision, and F1 score to evaluate model performance.
PMs help identify potential risks associated with deploying AI models, including ethical considerations and model bias, ensuring that these issues are addressed proactively.