Advice for Building in AI: How to Create Popular and Successful AI Products

Advice for Building in AI: How to Create Popular and Successful AI Products

In today's rapidly evolving business landscape, AI has emerged as a powerful tool to solve customer problems that were previously unsolvable. However, while AI technology may be a game-changer, it is important to remember that the fundamentals of building a successful business still apply. In this article, we will explore some key insights from different sources and provide actionable advice for building AI products that are both popular and successful.

While AI may not be a moat in itself, real power and durability in the business world come from sources such as economies of scale, network effects, counter-positioning, switching costs, and brand value. These are the factors that truly differentiate successful companies from the rest. Therefore, when building an AI product, it is crucial to focus on these fundamental dynamics rather than solely relying on the technology itself.

One common theme that emerges from various sources is the importance of familiarity. People tend to gravitate towards products that remind them of old favorites. This applies not only to consumer products but also to content such as music, movies, and books. Familiarity creates a sense of comfort and resonates with the audience on a deeper level. Therefore, when designing an AI product, consider incorporating elements that evoke a sense of familiarity while still offering something new and innovative.

Distribution is another critical aspect to consider when building an AI product. It is not enough to create great content or a cutting-edge technology if it doesn't reach the right audience. As highlighted in the book "Hit Makers: The Science of Popularity in an Age of Distraction," the distribution strategy and mechanism play a more significant role in the success of a product than its content. Identify the right channels and platforms to effectively distribute your AI product and ensure it reaches the target audience.

Repetition is often referred to as the "god particle" of music. It is the element that transforms ordinary sounds into something the brain perceives as a song. This principle can be applied to AI products as well. Incorporate elements of repetition and variety in a certain sequence to captivate the user's attention and create a memorable experience. Additionally, the rhyme to reason effect suggests that people are more likely to believe and remember ideas that contain elements of rhyme and musicality. Consider leveraging this effect in your AI product to enhance its impact and memorability.

Identity plays a crucial role in the success of any product. People seek products that align with their identities and make them feel unique. Therefore, when building an AI product, consider how it can contribute to the creation of a distinct identity for the user. Striking the right balance between familiarity and surprise is key. To sell something surprising, make it familiar, and to sell something familiar, make it surprising. This approach taps into the human desire for both novelty and comfort.

While AI products have the potential to appeal to a wide range of audiences, it is essential to understand that different age groups have varying preferences. For example, Spotify data suggests that people's taste in music tends to crystallize by their early 30s, with a decline in interest in new songs. Similarly, the political sensitive period occurs between the mid-teens to late 20s. Understanding these age-related trends can help tailor your AI product to specific target demographics and maximize its appeal.

In conclusion, building a successful AI product requires a strategic approach that combines familiarity, distribution, repetition, and identity. By incorporating these elements, you can create an AI product that resonates with the audience, captures their attention, and stands out in a crowded market. Remember that excellence lies in the execution and attention to detail. Now, here are three actionable pieces of advice to guide you in your journey of building AI products:

• 1. Focus on building a strong distribution strategy: Identify the platforms and channels that will effectively reach your target audience and ensure your AI product gets the visibility it deserves.

• 2. Balance familiarity and surprise: Strive to create an AI product that is both familiar enough to resonate with users but also offers something new and unexpected to capture their attention.

• 3. Understand your target audience: Study age-related preferences and trends to tailor your AI product to specific demographics. By catering to their unique needs and interests, you can increase the chances of success.

Remember, building in AI requires a deep understanding of human behavior, preferences, and the dynamics of the market. By leveraging these insights and following the actionable advice provided, you can position yourself for success in the exciting world of AI.