Top AI tools for product managers

Product managers, this one is for you. ??

Let’s dive into some cool AI tools that are great help to gather insights, crunch numbers, and make smart decisions that lead to successful product launches and updates.

1. Market research and customer insights

Market trends, customer preferences, and competitive landscapes—AI gives you access to realtime data streams, advanced customer behaviour analysis, and AI-powered competitor intelligence. Hence, you can now make data-driven decisions more quickly and accurately, keeping yourself ahead of constantly changing market dynamics.

Prompts

1. As a Product Manager at [Company Name], I'm preparing to launch a [Product Description] in the [Market]. Can you provide detailed insights on current market trends and emerging customer preferences in the [Market]?

2. I'm conducting a competitive analysis for our upcoming product launch. [Product Context]. Can you help me gather data on our top competitors in the [Market]? Specifically, I need information on their product offerings, pricing strategies, and recent market moves.

3. Our company is considering expanding into a new market. Before we make any decisions, I'd like to understand the market landscape and potential opportunities. Could you provide a comprehensive analysis of the [Market], including key competitors, market size, and potential customer segments?

Tools

Otter AI

1. Real-time meeting insights: Otter AI's live chat feature during meetings enables you to interact seamlessly with your team and external stakeholders. You can pose questions, seek clarifications, and instantly receive answers. This ensures that you capture valuable insights as they emerge, ensuring nothing slips through the cracks.

2. Efficient meeting note taking: Otter AI takes note-taking to the next level by summarizing meetings at a remarkable 30 times the speed of manual transcription. Collaborate with your team in the live transcript by adding comments, highlighting key points, and assigning action items. This feature streamlines the process of capturing essential details from meetings, allowing you to focus more on strategy and less on tedious note-taking.

3. Comprehensive meeting context: Otter AI seamlessly integrates with popular meeting platforms like Zoom, Microsoft Teams, and Google Meet. It automatically records and inserts shared slides into the meeting notes, ensuring you have complete context for discussions. Plus, it generates real-time summaries, helping you catch up on missed details and saving you time post-meeting.

Intercom

1. Efficient customer communication: Intercom's AI-enhanced workspace combines your Inbox, Tickets, and Help Center into a central hub. This not only streamlines communication but also provides real-time updates on customer interactions. With a shared Inbox designed for speed and efficiency, your team can engage with customers, gather feedback, and gain insights into their pain points effortlessly.

2. Data-driven decision-making: Resolving customer issues quickly is essential for maintaining satisfaction. Intercom optimises tickets for team collaboration and real-time customer updates, making it easier to address complex problems. By tracking ticket data and analysing trends, you can identify recurring issues and prioritise them for product improvement, leading to better-informed decisions.

3. AI-powered customer self-service: Intercom's AI bot Fin can answer up to 50% of customer questions instantly, reducing the burden on your support team. Its trustworthiness and seamless human handoff ensure that customers receive the best experience, whether they interact with AI or human agents. This not only saves time but also provides valuable insights into the most common customer queries.

2. Ideation and value design

For those product managers working on ideation and value design, AI is proving to turbocharge the process of generating and validating ideas. AI tools analyse extensive datasets and gather customer feedback that speeds up the innovation process and ensures product developments precisely target customer needs.

Prompts

1. We're brainstorming new features for our [Product Name] to enhance its value proposition. Can you generate innovative ideas that leverage emerging technologies to address specific pain points our customers are facing in [Market]?

2. I'm working on a Lean Canvas for our new [Product Concept]. Can you help me outline key components, including problem statements, customer segments, and unique value propositions? Also, suggest ways to validate these assumptions.

3. We want to create a [Product] that stands out in a crowded [Market]. Can you provide examples of successful value design strategies used by other companies in [Industry]? How did they validate the value they were offering to customers?

Tools

Uizard

Simplify design process by generating mockups, transforming screenshots, and manipulating UI components. Bring your creative ideas to life quicker, reducing reliance on external design teams and expediting the path from ideation to clickable prototypes.

1. Limitless and effortless design: UIzard allows you to generate mockups from simple text prompts, transform screenshots into editable designs, and easily manipulate UI components. The best part? No design experience is required. It's about turning your ideas into tangible concepts, ensuring that every brilliant thought has a chance to flourish.

2. Streamlined projects: UIzard's AI technology accelerates the design process, reducing reliance on external teams. You gain control over your project's pace, moving from ideation to mockup to clickable prototype with unprecedented speed and efficiency.

3. Real-time collaboration: UIzard simplifies collaboration by enabling real-time teamwork. You can work alongside your team and invite stakeholders to provide feedback and reviews on design ideas, all in real time. This level of collaboration eliminates the need for lengthy communication loops and ensures that everyone involved is on the same page.

MyMap

MyMap simplifies process of generating and refining ideas by offering an AI-powered copilot that helps you create, organise, and share your ideas effortlessly.

1. Efficient idea generation: MyMap assists you in brainstorming by suggesting relevant concepts, connections, and possibilities. This collaborative approach not only speeds up idea generation but also ensures that you explore a broader range of potential features or improvements for your product.

2. Visual concept mapping: MyMap enables you to create AI-assisted mindmaps and diagrams, providing a clear visual representation of your ideas and their relationships. This visual clarity is invaluable for assessing the potential impact and feasibility of different concepts, making it easier to prioritise and refine your product roadmap.

3. Compelling storytelling: MyMap's StoryMap feature allows you to craft visually captivating presentations with AI-powered tools. This means you can pitch your ideas to stakeholders, team members, or executives in a way that makes a compelling case for their adoption. The ability to tell a persuasive story around your product concepts is vital for gaining buy-in and support.

3. Requirements and backlog prioritisation

By automating the collection, analysis, and prioritisation of product requirements, AI minimises manual tasks and refines project management processes. This enables product managers to make decisions based on solid data, leading to more effective resource allocation and the delivery of products that more closely align with both customer needs and business goals.

Prompts

1. We have a list of requirements for our upcoming product release and need to prioritise them effectively. [Type your requirements]. Can you provide a prioritisation framework or methodology based on customer impact, business goals, and technical feasibility?

2. I'm responsible for maintaining our extensive product backlog. What strategies can I use to keep it organized, ensure clear documentation (Definition of Done, Pull Requests, Tests), and communicate effectively with stakeholders about each item's status?

3. We're facing [Describe a conflict] from stakeholders regarding a feature's priority. How can I facilitate communication and negotiation among stakeholders to reach a consensus on the feature's priority? What are the best practices for managing such situations?

Tools

Collato

Great tool to streamline your requirements and backlog prioritisation tasks.

1. Effortless document creation: Collato leverages AI to transform your existing product knowledge into tailored documents within seconds. Whether you need to draft Product Requirement Documents (PRDs), release notes, or user guides, Collato automates the process, ensuring you have accurate and up-to-date materials to share with your team and stakeholders.

2. Instant insights: Collato aids you in this aspect by generating concise summaries from lengthy meeting minutes, customer research, or other documents. These summaries provide you with quick, deep insights powered by AI, enabling you to make informed product decisions with confidence. No more sifting through piles of information; Collato does the heavy lifting for you.

3. Efficient knowledge retrieval: Collato acts as your knowledge assistant, allowing you to ask AI-driven questions about your team's knowledge, regardless of where it resides.

4. Roadmapping and Planning

AI tools enable the analysis of vast amounts of data to pinpoint market trends, customer preferences, and business objectives. Which, in turn, helps crafting more agile and responsive roadmaps.

Prompts

1. Our company has set specific OKRs for the next quarter, and I need to align our product roadmap with these objectives. Here are our OKRs [Paste OKRs]. How can I create a product roadmap that not only aligns with our OKRs but also ensures our strategic goals [Describe goals] ]are met?

2. I'm responsible for developing a product roadmap and want to ensure it's SMART (Specific, Measurable, Achievable, Relevant, Time-bound). Can you guide me through the process of creating a SMART product roadmap for [Product Name]?

3. We're planning a major product release, and I need to coordinate efforts across multiple teams. Can you provide best practices for cross-functional coordination and release planning to ensure a smooth launch?

Tools

Productboard

1. Instant understanding of customer needs: Productboard AI utilises its AI capabilities to sift through vast amounts of feedback and provide instant insights. With AI summaries, you can swiftly grasp what matters most to your users, allowing you to align your roadmaps with their genuine needs.

2. Effortless feature specification: Productboard AI automates feature specification drafting process by extracting relevant information from existing customer requests. This means you can create feature specs in seconds, freeing up valuable time for more strategic planning and execution.

3. Hidden gems: Productboard AI's AI-generated summaries act as your trusty treasure map, helping you uncover those hidden gems of insight.

5. Growth and experiments

AI analytics tools offer deep insights into user behaviour and preferences, enabling the creation of targeted marketing campaigns and the automation of A/B testing and hypothesis validation. These tools help developing more data-driven marketing strategies, enhance user acquisition, and continually optimize products for growth.

Prompts

1. We're about to launch a new version of our product [Product/Feature description], and need to define a user acquisition strategy. Can you help identify the target audience, channels, and key messages for our marketing campaign?

2. Our user engagement metrics are declining, and I need to design experiments to improve user retention. Please suggest specific metrics to track, hypotheses to test, and experiment design principles to follow.

3. We're planning a market launch for a new [product feature description]. Can you provide a step-by-step guide on how to create and execute a successful product launch strategy, including pre-launch activities, launch day tactics, and post-launch follow-ups?

Tools

Neurons

1. Data-driven creatives: Neurons' Predict feature allows you to predict the performance of every campaign, image, and video you create.

2. Global audience insights: Neurons' Explore feature enables you to understand what your audience truly feels about your ads by running tests in their natural context on specific customer segments. You can measure ad performance on your exact target audience before launch and receive recommendations to maximize your marketing efforts.

3. Enhanced social media presence: You can see how your ads perform on major platforms, run tests before launch, and boost engagement.

Dynamic Yield

Dynamic Yield is a potent AI tool for product managers in the growth and experimentation domain. It personalises customer experiences by tailoring content and recommendations to individual user behaviours, boosting engagement and conversions. It also simplifies the analysis of user behaviour patterns and A/B testing, enabling data-driven decision-making.

1. Personalised customer experiences: Dynamic Yield AI helps creating personalised experiences for customers across digital channels. Tailor content, recommendations, and offers based on individual user behaviours and preferences.
2. Optimised user journeys: By analysing user behaviour patterns, the tool suggests changes to navigation flows, content placement, and calls to action.
3. Data-driven decision making: Through A/B testing and multivariate testing, experiment with variations of content, layouts, and offers. This AI tool analyses the results, providing insights into which changes positively impact key metrics, helping to refine their strategies.

6. Metrics & Economics

AI-powered tools are adept at analyzing data, revealing insights into pricing strategies, revenue projections, and sales trends. They also enhance business model validation and persona segmentation.

Prompts

1. Our company is considering adjusting the pricing strategy for our [product description]. Can you perform a pricing analysis and provide recommendations based on market research and our product's value proposition?

2. I need to develop a persona segmentation strategy to better target our marketing efforts. Can you guide me through the process of creating personas, including data sources, segmentation criteria, and how to use personas effectively in our marketing campaigns for [Product Description]?

3. Our product's profit margins have been fluctuating, and I'm tasked with improving the overall profitability. Can you provide insights on effective monetisation strategies and how to manage the product's P&L to achieve better financial performance?

Tools

Rows

Rows AI is your personal data analyst, delivering unparalleled data analysis, summarization, and transformation capabilities, all while supercharging your spreadsheet work.

1. Effortless data analysis and insights: Rows AI simplifies data analysis by bypassing complex formulas and providing instant insights. The tool's quick summaries highlight key takeaways at a glance, while deep dives uncover hidden trends and patterns within the data.

2. Automated text classification and tagging rows: Categorize and classify various types of text, such as social media posts, support tickets, feedback surveys, and product reviews.

3. AI-powered content creation and insights: Leverage Rows AI to create the first draft of marketing campaigns, saving time and fostering creativity. The tool also helps in understanding social sentiment, transforming support tickets into insights, and extracting valuable insights from customer feedback.

Mixpanel

1. Comprehensive customer experience insights: From the initial user onboarding to long-term retention, Mixpanel provides an in-depth understanding of how customers interact with our product.

2. User-friendly analytics: One of Mixpanel's standout features is its user-friendly interface, eliminating the need for complex SQL queries. Define custom metrics to track growth and retention without the hassle of diving into code. The tool offers a seamless data exploration experience, enabling us to uncover trends and receive live updates on user behaviour.

3. Data trustworthiness and integration: Mixpanel serves as our trusted source of truth for event data activation. This ensures that the insights we derive are not only accurate but also serve as a common ground for cross-functional teams. Mixpanel seamlessly integrates with data warehouses, making it easy to access trusted data. Additionally, it provides robust SDK support, streamlining data collection from digital products.

That's a wrap for today!