A naukri.com initiative
Product Management News
Medium
6d
795
Image Credit: Medium
Calculating the Cost of Your RAG-Powered Chatbot
- Exploring cost considerations for implementing a RAG-powered chatbot for customer service.
- Calculating expenses from script writing, document embedding, to database setup and integration efforts.
- Breakdown of monthly costs including query embeddings, LLM API calls, hosting, and monitoring.
- Detailed analysis provides insights on upfront investments and recurring operational expenses.
- Building a cost-effective AI assistant entails careful planning and selecting tools within budget.
Read Full Article
24 Likes
Medium
6d
376
Image Credit: Medium
3 Billionaires Who Lost Everything in the Dumbest Way
- Three billionaires who made big mistakes and lost everything due to their own bad decisions: Eike Batista, Allen Stanford, and Elizabeth Holmes.
- Eike Batista, once Brazil's richest man, lost his money after a failed oil company venture and got arrested for corruption.
- Allen Stanford engaged in a $7 billion fraud, running a Ponzi scheme and was sentenced to 110 years in prison.
- Elizabeth Holmes' Theranos company, valued at $9 billion, collapsed when her blood testing machine didn't work, leading to her imprisonment in 2023.
Read Full Article
22 Likes
Medium
6d
276
The AI-Product Metrics Marriage: A Framework Built from Industry Success Stories
- The article discusses a systematic disconnect between technical AI success and product success, highlighting three key reasons for this gap.
- A five-step framework is proposed to bridge the technical-product gap, emphasizing outcome-focused questions, interconnected metrics in three tiers, and the importance of predictive and confirmatory metrics.
- Successful AI product teams are found to use integrated dashboards, rigorous experimentation, and structured frameworks to improve both technical and business metrics.
- The article concludes with insights on industry best practices and a practical roadmap for aspiring AI Product Managers to follow in bridging the technical-product gap effectively.
Read Full Article
15 Likes
Medium
6d
12
Image Credit: Medium
Product Managers: Stop panicking about AI
- Product Managers are worried about AI impacting their job security and skills.
- AI can automate certain tasks, but PMs' value lies in strategic decision-making.
- PMs provide human touch, relationship building, accountability, and strategic direction AI can't.
- Adapting to AI involves focusing on unique skills like data analysis and strategic storytelling.
Read Full Article
Like
Discover more
- Programming News
- Software News
- Web Design
- Devops News
- Open Source News
- Databases
- Cloud News
- Operating Systems News
- Agile Methodology News
- Computer Engineering
- Startup News
- Cryptocurrency News
- Technology News
- Blockchain News
- Data Science News
- AR News
- Apple News
- Cyber Security News
- Leadership News
- Gaming News
- Automobiles News
Medium
6d
335
Image Credit: Medium
Mastering the Art of the Shopify Product Launch Speech
- During a product launch, the speaker's voice, body language, pacing, and excitement are crucial in captivating the audience.
- Creating empathy and engaging the audience with relatable stories is more convincing than just presenting technical specifications.
- Successful launch speakers make the customer the hero and involve the audience in the product narrative, leading to increased engagement and loyalty.
- Emphasizing simplicity in the call to action and tying it to the audience's emotions can drive conversion and build confidence.
Read Full Article
20 Likes
Medium
6d
70
Image Credit: Medium
Inspired by Marty Cagan: Key PM Lessons
- Key lessons from Marty Cagan on product management and successful product teams.
- A good UX, team collaboration, and early involvement of UX are crucial.
- Product discovery, high-fidelity prototypes, and customer understanding are key elements of product success.
- Prioritizing features, guiding decisions with principles, and creating user personas are important strategies.
Read Full Article
4 Likes
Medium
6d
29
Image Credit: Medium
The Quiet Power of Calm Product Leadership
- Calmness is seen as a powerful leadership quality, especially in the realm of product management.
- A calm product leader stands out by listening, bringing clarity, and building trust within the team.
- Creating a calm work environment enables real problem-solving, honest feedback, and creativity in design thinking.
- Calm leaders empower their teams to take ownership, leading to products that are approached collectively and shipped with pride.
Read Full Article
1 Like
Medium
7d
377
Image Credit: Medium
Classes of measurable AI risk: Integrity risk vs. Consequential Risk
- Organizational risk, a concept often overlooked, focuses on the risk of harm to organizations rather than individuals.
- Organizational risk has two facets - business integrity risk and consequential risk - that must be treated holistically by organizations.
- Quantified risk measurements are crucial for stakeholders to make informed decisions and plan for potential harms related to AI systems.
- Understanding and measuring different types of AI risks is essential for organizations to plan, allocate resources effectively, and ensure long-term success.
Read Full Article
22 Likes
Medium
7d
193
Image Credit: Medium
Demystifying Agent Workflows: How to Build Workflows With a Brain
- Agent workflows are not magic but workflows with a brain, adding reasoning capabilities.
- Traditional BPM involves step-by-step rules, while GenAI agents adapt live and make decisions.
- Guardrails, like live policy checks and human oversight, are crucial for agent workflows success.
- Effective storage strategies and feedback loops are key components for intelligent agent workflow implementation.
Read Full Article
11 Likes
Medium
7d
211
Image Credit: Medium
Plaid Product Teardown: An API-First Platform for the Fintech Stack
- Plaid, an API-first platform, connects users' bank accounts to apps like Venmo and Robinhood.
- Plaid reverses-engineers legacy banking systems, normalizes data, and provides a secure API.
- Plaid's developer-first approach includes tools like the Link SDK, sandbox environment, and tokenized auth.
- Plaid's core strength lies in its abstraction layer and trust mechanics, but future challenges include offering richer insights and customization.
Read Full Article
12 Likes
Medium
7d
398
Image Credit: Medium
Why Your Apex Code is One toString() Away from Breaking Production
- Calling toString() directly on an object in Apex code can lead to NullPointerExceptions in production due to unexpected null values.
- Using String.valueOf() instead of toString() is a safer alternative as it gracefully handles null values and adds negligible performance cost.
- String.valueOf() is optimized internally and is recommended for defensive coding in Salesforce Apex to prevent production failures.
- While String.valueOf() is generally preferred, there are specific cases, like UUID generation, where using toString() is more suitable.
Read Full Article
23 Likes
Medium
7d
290
Image Credit: Medium
What Can the Gambling Industry Teach Us About Gamification and Growth?
- To increase user engagement, products must tap into emotional triggers.
- The gambling industry excels at gamification, leveraging emotional experiences for success.
- Gamification fosters daily return habits through ownership, scarcity, and unpredictability.
Read Full Article
17 Likes
Medium
7d
215
Image Credit: Medium
Product Notes by Sai — The Product Thinking Playbook — With a Spotify Example
- Product thinking is crucial in product management for success and focuses on user needs.
- Understanding the problem before building solutions is vital to prevent startup failures.
- Product journey involves understanding the problem first, then building the solution effectively.
- Airbnb's success story showcases the importance of deep user empathy in product development.
- Seven steps of product thinking guide from clarity to prioritization for effective product management.
Read Full Article
12 Likes
Medium
7d
161
Image Credit: Medium
Case: Increase Adoption of Scheduled Deliveries on Zepto
- Detailed narration of product discovery, user research, and problem framing on Zepto.
- Segments narrowed based on market analysis and conversion ease, focusing on Tier 1 customers.
- User personas Mitali and Manjot established, common pain points identified, and problem statement.
- Target segment: Tier 1 frequent online grocery shoppers, importance, and value of solving problem.
- Urgency addressed for prioritizing adoption of scheduled delivery feature on Zepto platform.
Read Full Article
9 Likes
Medium
7d
307
Image Credit: Medium
What Cloud Computing Is Really Teaching Me And Why Companies Like Nike Should Pay Attention
- Cloud computing isn't just about where your app lives, it's about how your business thinks and the trade-offs involved.
- The cloud x product mindset can be used to solve real-world issues in countries with outdated infrastructure, like building unified platforms.
- Cloud plays a crucial role in economic self-determination, national strategy, small businesses, and community resilience, beyond tech companies.
- Companies like Nike can benefit from integrating cloud thinking into their product strategies to improve areas like transparency, customer engagement, and community-driven initiatives.
Read Full Article
18 Likes
For uninterrupted reading, download the app