Ranking AI Product or Service Ideas – Determine the Best Product to Build (Part 2 of 3)

Daniel Faggella

Daniel Faggella is Head of Research at Emerj. Called upon by the United Nations, World Bank, INTERPOL, and leading enterprises, Daniel is a globally sought-after expert on the competitive strategy implications of AI for business and government leaders.

Ranking AI Product or Service Ideas - Determine the Best Product to Build

So you've decided you want to take an AI product or service to market.

Before you sell anything - you'll have to decide what kind of product or service to develop.

What specific problem will you solve, and for who?
Which features and benefits will be most important for our buyers or users?
What workflows and data sources will you integrate with?
What kind of ROI measures will prove your value?

The number of AI product variations one could think of is endless. Whether we're working with a startup or an larger firm spinning out an AI product, we encourage product teams to come up with many potentially viable ideas - and then to rank them based on the following factors:

Internal Skill Sets and Expertise
Internal Connections and Network
Relative Market Size
Relative Market Need
Relative Competitiveness

In the remainder of this article we'll explore each of these factors in greater depth.

This article is part two in a three-part series about AI pro...

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