Many companies are transforming to product models due to pressures from boards focusing on valuation and the disruptive potential of generative AI. Successful transformation requires building intelligent products that utilize specific competencies like live-data prototypes and continuous product discovery. A critical component of this transformation is the establishment of pilot teams, which serve to validate the effectiveness of the product model in delivering necessary business outcomes. The importance of transformation politics in large organizations is emphasized as organizations navigate meaningful change.
The purpose of a pilot team is to prove to your product organization, your leaders, and, in some cases, your investors, that the product model can deliver the business results you need.
Building intelligent products requires a specific set of competencies including heavy use of live-data prototypes, continuous product discovery, and product delivery.
Generative AI has pushed many companies to the point that they now know they must change, or risk being disrupted.
Company boards are taking a more active role in pushing the CEO towards the product model, primarily due to their interest in valuation.
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