Using AI/NLP to enhance your product's user experience
Diego Morales
CTO | CIO | CAIO | Fractional Executive // 10 years building AI solutions // I help companies accelerate toward hypergrowth.
You and your Product team have already built a great and successful product for your customers. Congratulations! As you look into the future, you might ask yourself: what is the NEXT value stream we would like to enable for our users? If the answer is somewhere in between the boundaries of the user experience, then read on, as this might be for you.
In my last article called Digital Transformation: The Importance of balancing Agility, Change and Risk, we explored the intricate balance required to drive a successful digital transformation initiative
Today I want to explore with you one of such emerging technologies: AI, and more specifically how NLP (Natural Language Processing) based tools can be leveraged at the user experience level to complement - if not build brand new - products. Now, to be clear, NLP has been around for many years at this point, but it has definitely gained critical mass toward "mainstream" awareness as of the public release of ChatGPT during late 2022.
As recognized leader Eric Schmidt said, "AI will be the new electricity." Businesses that adopt AI early and effectively will have a major competitive advantage over those that don't. But how do you choose the right AI/NLP "flavor" to complement your product and create a powerful market differentiator
The 3 Big Buckets
To start, let's look at the three categories that we can use to aggregate the hundreds of AI/NLP based tools that have emerged so far: chatbots, companions, and drivers.
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Early Adoption
Depending on your product, the potential use cases of those integrations with AI/NLP will vary significantly, but to truly create a powerful market differentiator out of them the key is doing it early and doing it right. After all, copycats will always eventually appear for a successful business model, but if you got there earlier than everyone else, you might have good odds on enjoying that leadership position for longer (until you innovate again, and the cycle continues!)
The best contemporary example for early adoption of this AI/NLP explosion
In conclusion, AI/NLP technology has the potential to create a powerful market differentiator for businesses that adopt it early and effectively to improve their user experience. By understanding the different categories of available AI/NLP tools and experimenting with new ideas, companies can create innovative solutions that differentiate their products and services from the competition.
CTO | CIO | CAIO | Fractional Executive // 10 years building AI solutions // I help companies accelerate toward hypergrowth.
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