Development of a proof of concept for two AI products in Edtech
Industry: EdTech Business Process: Product development, content generation Country: UK Year: 2023
Challenge: The company aimed to create a Proof of Concept (POC) for two new products: one to streamline internal content creation, and another to empower customers to tailor existing content. Before committing to large-scale custom solutions, they needed to assess the feasibility of using AI for these purposes.
Solution:
API Pipeline: A pipeline of pre-existing APIs was expertly configured to enable the generation of educational content, demonstrating the potential of AI in this context.
User Testing: Rigorous testing with future users was conducted, providing invaluable insights into user experience and product-market fit.
Financial Feasibility: A thorough economic analysis of the project was completed, validating the financial viability of a full-fledged product.
Business Results:
Proof of Concept Validated: The POC confirmed the viability of the concept and the effectiveness of AI in educational products.
Investment Justification: The results of the POC and the calculation of unit economics justified investments in product launch in 2024.
First-Mover Advantage: The POC will allow for faster product launch and gain a competitive advantage.