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Product Management News

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From Code to Leading MLOps practice: My MLOps Journey & Insights

  • Eliot Amal J shares his MLOps journey and insights.
  • Started with creativity and a hackathon, Eliot transitioned from full-stack development to MLOps.
  • Scaled MLOps practice by addressing gaps in documentation, architecture artifacts, MLOps operating model, impactful demos, and building bridges with ML platform providers and thought leaders.
  • MLOps is considered as the future of AI, bridging the gap between innovation and implementation.

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Fighting the pessimistic currents of Tech

  • Pessimism in the tech industry can hinder progress and innovation.
  • Framing questions to encourage constructive feedback is important for product leaders.
  • Collaboration and mutual respect can help overcome pessimistic attitudes.
  • Strategies like scenario planning can facilitate productive discussions.

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5 Cool Tools for Higher Productivity in Product Development

  • Here’s a list of 5 cool tools for higher productivity in product development.
  • Miro Dashboard: Helps in gathering ideas, communication with stakeholders, and moving forward in product development. Ideal for brainstorming, mind mapping, and journey mapping in a remote-first environment.
  • Product Analytics: A crucial factor for product success as it provides insights and data regarding product performance.
  • Customer Analytics: Another important factor for product success, as it provides insights into customer behavior and preferences.

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Growing Up..

  • Physical Growth: Involves changes in the body, such as height, strength, and biological development during childhood and adolescence.
  • Emotional Growth: Learning to understand, process, and regulate emotions.
  • Mental and Intellectual Growth: Developing critical thinking, problem-solving skills, and the ability to make informed decisions.
  • Social Growth: Learning to interact with others, form relationships, and contribute to society.

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Key Product Managmenet Lessons from the Messy Middle

  • The book 'The Messy Middle' offers common-sense product management lessons.
  • To disrupt an industry, one needs to be a thesis-driven outsider and develop a source of renewable energy.
  • Endurance is crucial in order to stay loyal to a strategy and achieve the ultimate vision.
  • Optimization and the final stages of a project are also emphasized in the book.

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Product Management or Project Management?

  • Product management and project management are two distinct careers.
  • Product management is more requested in the job market and often includes project management responsibilities.
  • Product managers have a strategic role focused on the what and why, while project managers have a tactical role focused on the how and when.
  • To become a project manager, one can take courses, earn certifications, build up skills, and continuously learn and improve.

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Composability in DeFi: Building Blocks That Redefine Finance

  • Composability in DeFi refers to the ability of different protocols and applications to seamlessly connect and interact with each other.
  • DeFi protocols are built on open-source code and blockchain technology, enabling permissionless innovation and collaboration.
  • Composability allows developers to combine existing tools and create new products without rebuilding the basics, democratizing financial innovation.
  • While composability offers significant benefits, there are risks such as smart contract vulnerabilities and complex interdependencies.
  • The future of composability in DeFi includes cross-chain integration, incorporation of real-world assets, and the potential use of AI-powered strategies.

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Sustainability: A Silent Stakeholder in Product Management

  • Consumer expectations are driving the prioritization of sustainability in product management. Over 60% of consumers are willing to pay more for eco-friendly products.
  • Sustainable practices lead to cost savings, regulatory compliance, and risk mitigation. Designing products with circularity in mind reduces dependency on scarce raw materials.
  • Products that harm the environment have negative impacts on communities, ecosystems, and climate change. Product managers have the power to make choices that positively impact the world.
  • Several companies, such as Patagonia, IKEA, Tesla, Unilever, Tata Power Solar, Jaipur Rugs, Bare Necessities, Forest Essentials, and Coconut Shell Crafts, have embraced sustainability as a core part of their product strategies.

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How to Prepare Effectively for an AI Product Manager Interview

  • Deep learning uses multi-layer neural networks for complex tasks, while NLP enables machines to understand human language.
  • Key skills for an AI Product Manager include handling negative feedback, team collaboration, and data-driven decision-making.
  • Essential qualities of an AI Product Manager include strong communication skills, market insight, and continuous learning and adaptability.
  • InternUp helps startups in staffing their teams and emphasizes the importance of understanding CEO expectations for AI product managers.

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The Changing Landscape of Product Management Careers

  • Product Management (PM) roles have seen a shift in demand and opportunities.
  • The internet boom brought rapid career growth for PMs, but the industry has entered a maintenance phase.
  • Emerging industries like AI offer execution-focused roles with limited innovation opportunities.
  • The key lies in identifying new industries with growth potential and adapting skills accordingly.

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Jobs to Be Done (JTBD) in Information Architecture for an Events Website

  • Jobs to Be Done (JTBD) approach focuses on understanding why users engage with a website.
  • It involves structuring the site based on user needs and goals rather than internal categories.
  • Key goals include user-centered navigation, task efficiency, and improved engagement.
  • Usability testing is recommended to ensure users can easily accomplish their goals.

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How to become a rockstar in building a user Pricing journey. Part 2

  • To understand the product's position among ecosystem participants, the author built an Influence Map.
  • Unconventional approach to market segmentation: focus on a local market you understand well.
  • Capture Voice of the Customer using 'Persona Quotes' to convey market segments.
  • Use the Innovation Curve and feature-oriented curve to understand audience and product capabilities.

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Operating Technology to the Power of Information Technology

  • JavaBot uses IT to roast micro-batches, grind coffee enough for a single cup, and brew it on demand to make a killer cup of coffee while excluding IT from directly participating in final production or delivery.
  • Industries like automobile manufacturers, natural resources production, and organizations that generate and distribute electricity, etc., use IT as a component, while for industries such as telecommunications, banking, insurance,it is central to how they generate their services and monetized through monthly subscriptions.
  • IoT is more like an industry movement that is similar to cloud, so both IT driven and IT component companies can participate in the IoT movement.
  • The opportunities to capitalize on IoT solution architectures exist in every industry, seek out areas where the business processes are complex, aged, and inefficient as a byproduct of their real-world attributes and physical implementation.
  • There are plenty of brownfield opportunities in companies with long business cycles who haven’t modernized their tooling.
  • In Financial Services, there are also opportunities to help teams modernize their compliance approaches, where processes are complex, aged, and inefficient, and adjusting to modernization is mandatory.
  • Careful application of Design Thinking and customer Co-Creation, including industry expertise, is mandatory to actually make OT to the power of IT.
  • Overall, there is IoT potential not just in heavy industries like Oil and Gas, but also in industries that trade on intangible products and services like Financial Services.

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Is Product Management Stressful?

  • Product management stress is unique, it's about constant mental juggling, managing stakeholders, decoding customer needs, and somehow finding time to make strategic decisions.
  • Product management stress flavors can include decision-making under uncertainty, the “What Have You Done for Me Lately?” Syndrome, the myth of being the “CEO of the Product” and meetings that hijack your day.
  • Stress in product management boils down to three main factors: end-to-end ownership, cross-functional coordination, and constant change.
  • Yes, Product managers are deeply invested in the success of their products and often experience high stress and burnout. Managing chaos through good boundaries and strong organizational skills is key.
  • Managing stress. Mastering the Art of Saying “No”, getting ruthlessly organized, building relationships, not just features, embracing the power of AI, and delegating are essential in Product management.
  • The good news is that despite its challenges, Product management offers autonomy, impact, continuous learning, and career growth.
  • If you’re thinking about becoming a product manager, it’s not for the faint of heart but if you thrive on chaos and love solving puzzles, it might just be a perfect fit.
  • Embrace the madness, set boundaries, build trust, manage the unique flavors of PM stress, and remember stress is just the price of admission for one of the most dynamic careers out there.

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How to Balance AI and Non-AI Initiatives as a Product Manager

  • Focus on Problems, Not Technology: Determine if AI is the best solution for the problem at hand.
  • Manage Stakeholder Expectations: Set realistic expectations for AI projects, considering costs and outcomes.
  • Where AI fits: Apply it Wisely: Choose carefully where to use AI, focusing on value-added solutions and transparently communicate risks.
  • Balance the Product Roadmap: Ensure non-AI projects are not overlooked and remind management of their significance.

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