How might we use AI to tease out new product ideas for existing, popular niche’s?
That’s a great question, Marketbath 
! Of course, AI can be a powerful tool for this type of innovation and ideation.
- Analyzing customer data and feedback: By using natural language processing and machine learning, AI can scan through customer reviews, support tickets, and other qualitative data to identify unmet needs, pain points, or areas for improvement. This can surface ideas for new products or features that directly address the specific challenges faced by customers in that niche.
- Monitoring trends and patterns: By analyzing data from social media, industry publications, competitor products, and other sources, AI can detect emerging preferences, behaviors, and whitespace opportunities that humans may miss. This can inspire novel product concepts tailored to where the market is heading.
- Personalized recommendations: Use AI to segment your customer base based on their purchasing behavior, demographics, and interests. This allows you to target specific customer segments with personalized product recommendations.
Does this help explain some of the ways AI can be applied to drive new product innovation? Let me know if you have any other questions! 