Gaining value from data-driven forecasts
Product teams can gain value from any kind of forecast, whether it's a simple Google search that gives you an idea of how popular a certain product is, or something more complex, such as Commerce.AI, which allows you to look at trends based on billions of data points. Let's look at how AI can be used to provide value for product development pipelines, forecasts, and roadmaps. Pipeline refers to a list of all the products currently being worked on by a company or team in its product management system (PMS), such as Jira Software or Trello.
The problem with pipelines is that they can become useless if they do not change frequently enough to reflect market shifts and changing customer needs. Let's say you have 20 products in your pipeline; however, because the market might shift 2 months into the future, those products may not get shipped by then due to lack of demand. With forecasts from Commerce.AI, you can make sure...