10 AI Tools for Product Managers: Key AI Tools and Technologies to Boost Your Product Strategy

Being a Product Manager is no easy task.

You’re constantly balancing product strategies, market research, roadmaps, and team collaboration. Wouldn’t it be great if there were tools to simplify all this?

You’re in luck!

In this post, we’ll cover top AI tools for Product Managers that save time, streamline tasks, and help you build better products.

Discover how these tools can tackle your biggest challenges and make your job easier.

 

Why do Product Managers need to Understand AI and ML?

In today’s fast-paced tech world, product managers must get a handle on Artificial Intelligence (AI) and Machine Learning (ML).

These technologies, including AI tools for product managers and generative AI for product management, are changing the game for how products are developed and improved.

According to IBM, global AI adoption is growing steadily. Presently, 35% of companies have already incorporated AI into their business, and an additional 42% are exploring AI. 

Thus, by understanding AI and ML, product managers can lead innovation, make smarter decisions based on data, and design products that truly meet user needs and market demands.

So, if you’re a product manager looking to stay ahead of the curve, diving into AI and ML is a must.

 

10 Top AI Tools for Product Managers and Product Teams

 

1. Kroolo – Your AI Productivity Tool

Kroolo is an AI-powered productivity tool designed to streamline project management and enhance team collaboration. With features like instant project creation, real-time chat, task suggestions, and custom AI agents, Kroolo transforms how product managers and their teams work.

How Kroolo Can Help Product Managers

• Instant Project Creation: Create projects in just 6 seconds using text or voice prompts, enabling rapid initiation of new tasks and projects.
• Project Boards: Instantly generate project boards to visualize tasks and workflows, keeping everything organized and on track.
• Chat with Projects: Discuss anything related to your projects in real-time, ensuring clear communication and swift resolution of issues.
• Extract Summaries and Insights: Get quick summaries and uncover insights from your project boards to make informed decisions.
• Task Suggestions: Instantly suggest tasks and subtasks within project boards to keep the team aligned and productive.
• Goal Setting: Create goals and OKRs in just 5 seconds using text or voice prompts, ensuring everyone knows what to aim for.
• Document Creation: Instantly create documents using text or prompts, making it easy to produce necessary project documentation.
• Chat with Documents: Chat with generated documents or PDFs to ask questions, get summaries, or extract specific information, such as details from tables or charts.
• Custom AI Agents: Create and manage custom AI agents tailored to specific use cases or workflows, enhancing productivity and efficiency across the board.

 

2. ChatGPT – The Conversation-Starting AI

via ChatGPT

ChatGPT, developed by OpenAI, is a powerful conversational AI that can generate human-like text based on the input it receives. It’s capable of understanding context and providing relevant, coherent responses, making it a versatile tool for various applications, from customer support to content creation.

How ChatGPT Can Help Product & Project Managers

• Idea Generation: Brainstorming new product ideas or features by conversing with ChatGPT.
• User Feedback Analysis: Analyzing and summarizing large volumes of user feedback to extract actionable insights.
• Content Creation: Drafting product descriptions, user manuals, and marketing copy quickly and efficiently.
• Meeting Preparation: Generating agendas and summarizing meeting notes to keep the team aligned and informed.
• Customer Interaction: Enhancing customer support by providing instant, accurate responses to common queries.

 

3. Google Gemini – Your Conversational AI Chatbot

Google Gemini is a state-of-the-art conversational AI chatbot designed to assist with various tasks through natural language interaction. It leverages Google’s advanced machine-learning algorithms to provide intelligent, context-aware responses, making it an invaluable tool for enhancing productivity and user engagement.

How Google Gemini Can Help Product Managers

• Customer Support: Automating responses to frequently asked questions, freeing up time for product managers to focus on strategic tasks.
• Market Research: Gathering and summarizing market trends and competitor analysis to inform product development.
• Task Automation: Assisting with scheduling, reminders, and other routine tasks to improve efficiency.
• Team Collaboration: Facilitating communication within teams by managing and tracking project updates and milestones.
• Data Analysis: Analyzing data to provide insights and recommendations for product improvements and strategic decisions.

 

4. Mixpanel – The Analytics Powerhouse

via Mixpanel

Mixpanel is one of the best AI tools for product managers and a leading analytics platform that helps product managers track user interactions and measure product performance. With its advanced data analytics capabilities, Mixpanel provides deep insights into user behavior, helping teams make informed decisions.

How Mixpanel Can Help Product Managers

• User Behavior Analysis: Understanding how users interact with the product to identify areas for improvement.
• Funnel Analysis: Tracking user journeys and identifying drop-off points to optimize the user experience.
• A/B Testing: Running experiments to test different features or changes and measuring their impact.
• Cohort Analysis: Analyzing specific groups of users over time to understand their behavior and retention rates.
• Custom Dashboards: Creating tailored dashboards to monitor key metrics and make data-driven decisions.

 

5. TLDV – The Meeting Transcription and Highlight Tool

via TLDV

TLDV (Too Long Didn’t View) is a tool that transcribes and highlights key moments from meetings. It helps product managers capture essential information without the need to review entire meeting recordings, saving time and ensuring important details are not missed.

How TLDV Can Help Product Managers

• Meeting Transcription: Automatically transcribing meetings so product managers can review important points without rewatching entire sessions.
• Key Highlights: Identifying and highlighting critical moments in meetings for quick reference and action.
• Action Item Tracking: Keeping track of assigned tasks and follow-ups from meetings to ensure accountability and progress.
• Collaboration: Sharing meeting highlights and transcriptions with team members to keep everyone informed and aligned.
• Efficiency: Saving time by quickly accessing and reviewing key information from meetings, enabling faster decision-making and execution.

 

6. Collato: the AI Assistant for Meetings

via Collato

Collato is an advanced AI assistant designed to revolutionize the way meetings are conducted. It uses cutting-edge AI technology to manage meeting agendas, capture key points, and provide actionable insights in real time. By automating note-taking and summarizing discussions, Collato ensures that no crucial information is missed.

How Collato Can Help Product Managers

• Efficient Meeting Management: Automates agendas and keeps meetings focused.
• Real-time Summaries: Delivers concise updates on discussions and decisions.
• Actionable Insights: Extracts key insights and tasks for effective prioritization.
• Seamless Integration: Connects with tools to link outcomes directly to project tasks.

7. Otter.ai – The AI-Powered Transcription Service

via Otter.ai

Otter.ai is an AI-powered transcription service that provides real-time transcription and collaboration features. It is particularly useful for capturing meeting notes, interviews, and other spoken content.

How Otter.ai Can Help Product Managers

• Meeting Transcription: Transcribing meetings in real-time to ensure no important details are missed.
• Collaboration: Allowing team members to highlight and comment on transcriptions, facilitating better collaboration.
• Searchable Notes: Making meeting notes searchable for easy reference and follow-up.
• Efficiency: Saving time on manual note-taking and allowing product managers to focus on discussions and decision-making.
• Documentation: Keeping a detailed record of meetings and discussions for future reference and accountability.

 

8. Zeda.io – AI-Powered Product Discovery and Strategy

via Zeda.io

Zeda.io leverages AI to enhance product discovery and strategy formulation. It helps product managers understand market needs, identify opportunities, and develop effective product strategies.

How Zeda.io Can Help Product Managers

• Market Analysis: Analyzing market trends and competitor activities to identify opportunities and threats.
• Product Discovery: Facilitating the discovery of new product ideas and features based on market needs and user feedback.
• Strategy Formulation: Assisting in the development of product strategies by providing data-driven insights.
• Roadmapping: Creating detailed product roadmaps that align with strategic goals and market demands.
• Prioritization: Helping product managers prioritize features and initiatives based on impact and feasibility.

 

9. Peak.ai – Elevating Product Inventory and Pricing

via Peak.ai

Peak.ai uses AI to optimize product inventory and pricing strategies. By analyzing vast amounts of data, Peak.ai provides insights that help product managers make better inventory decisions and pricing strategies.

How Peak.ai Can Help Product Managers

• Inventory Optimization: Ensuring optimal inventory levels to meet demand without overstocking.
• Pricing Strategy: Developing dynamic pricing strategies based on market conditions and customer behavior.
• Demand Forecasting: Predicting future product demand to inform production and stocking decisions.
• Revenue Management: Maximizing revenue through intelligent pricing and inventory management.
• Performance Analysis: Continuously analyzing product performance to refine strategies and improve outcomes.

 

10. SAP – Your Collaboration and Feedback Tool

via SAP

SAP is an innovative tool designed to streamline collaboration and feedback within product teams. It enables real-time communication, easy sharing of ideas, and efficient feedback loops, helping teams stay aligned and move faster.

How SAP Can Help Product Managers

• Real-Time Collaboration: Enabling product managers and their teams to work together seamlessly, regardless of location.
• Feedback Management: Collecting and organizing feedback from team members and stakeholders to ensure all voices are heard.
• Documentation: Keeping track of project documentation and updates in a centralized location for easy access and reference.
• Meeting Efficiency: Facilitating more productive meetings with built-in tools for note-taking and action item tracking.
• Project Tracking: Monitoring progress and ensuring alignment with project goals and timelines.