AI and ML for Product Development Processes

Shivkumar Borade, Founder and Chief Managing Director Mytek Innovations talks about use of AI/ML in projects and processes

- DR ARCHANA VERMA

What is the role of ML in enhancing product development processes?

ML revolutionises product development by optimising each phase from initial design to final implementation. During the design phase, ML algorithms analyse vast datasets to identify patterns, predict trends and generate innovative design concepts. In the development stage, ML streamlines processes by automating repetitive tasks, improving accuracy and reducing human error. Quality assurance benefits from predictive maintenance and anomaly detection, ensuring high-quality outcomes. Ultimately, ML facilitates faster, more efficient product cycles, resulting in innovative products that meet market demands effectively.

What are the ethical considerations and regulatory compliance challenges in AI integration?