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Writer's pictureKeith Carter

Leveraging AI for Product Innovation

Using AI such as Claude.ai you can do ideation much more efficiently, creating baselines for your projects.


{Prompt}

You are a design thinking workshop participant at IDEO, looking at developing a financial literacy app. You have recorded the following concerns [paste concerns here]. Create at least 3 "how might we..." questions following the design thinking methodology. The concerns we found were: can’t share with children easily, too much news to sift through, unable to keep up with product offerings, money spread across different banks, difficult to know net worth


{AI}

Here are three “How might we…” questions based on the concerns you’ve recorded:

  1. How might we create a financial literacy app that simplifies the process of sharing key financial information with children in an engaging and age-appropriate way?

  2. How might we develop a feature within the app that curates and personalizes financial news, helping users focus on the most relevant and impactful updates?

  3. How might we design a seamless solution within the app to track and consolidate financial data across multiple banks, giving users a clear and real-time view of their net worth?


{Prompt}

Now, I need to Brainstorm a wide range of ideas to address the defined problem. Encourage creativity and think outside the box. Keep the ideas short to 15 words or less to fit on a Post-it note. Consider features like interactive budgeting tools, gamified learning modules, personalized financial advice, …



Notice that I don’t complete the list because I want to give the computer a chance to look at examples and then be aware I am asking it to do a completion rather than an answer.


{AI}

Here’s a list of short, creative ideas that can fit on a post-it note:

  • Drag-and-drop budget planner with visual spending categories.

  • Daily financial trivia for bite-sized learning.

  • Customizable financial goal-setting with progress tracking.

  • AI-driven spending alerts and suggestions.

  • Family budgeting challenges with rewards.

  • Interactive savings goal tracker with milestone celebrations.

  • Personalized investment tips based on risk profile.

  • Virtual finance mentor pairing for advice.

  • Financial literacy mini-games with leaderboards.

  • Child-friendly money lessons with parental controls.

  • Automated net worth calculator with real-time updates.

  • Weekly curated news summaries tailored to interests.

  • Gamified expense tracking with achievement badges.

  • Interactive debt payoff calculator with scenario simulations.

  • Community finance groups for shared tips and support.

  • Voice-activated financial assistant integration.

  • Automated monthly financial health reports.

  • Allowance management tool for kids with budgeting lessons.

  • Investment risk simulator for learning without financial risk.

  • Personal finance podcast recommendations based on user interests.


You can even make process flows with AI.


We can use Claude.ai to quickly create process flows. For example, I have a mural template that looks like this:




Mural.co, 2024. Swimlane Diagram. www.mural.co


However, I want to create an AS-IS Experience Map based on the design challenge and again develop How Might We statements to validate opportunities. 

First, upload the screenshot to Claude.ai.



Here are the file you should upload, this is a blank version of the template that the AI can fill in (click here)




Then add this prompt:


{Prompt}

Create a swim lane in HTML of as-is for finding out financial news following this design thinking format in the attached file.




This is the output. It's not perfect, but it is a start that we can quickly discuss and improve on.





Anthropic, 2024. Swimlane Diagram. www.anthropic.com

Swimlane diagram for AI news As-Is created by Claude.ai





This example came from the chapter "Leveraging AI for Product Innovation" in the book "Know Decide Act: 10x Your Productivity at Work with AI and Automation"



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