In the previous writeup we have seen the TYPEs of values can be created in any part of an organisation or project, using product value creation as an example. Today’s writeup is about how to MATERIALISE the identified conceptual value into actual real-world product.
“Value Modelling”: a 3-step interconnected top-down method for value realisation.
For easier explanation, lets use a business value which we are trying to realise. Assume a company providing A is a SaaS based AI software company. The one liner business value they trying to materialise...
Step 1: Qualify (Business Perspective)
“Train AI model with minimum as possible resource”
Why this matter as value to the business?
Less resource utilisation will bring down the cost/per processing. And this will help the business to provide more competitive SaaS subscription pricing to maintain & grow the customer base.
Step 2: Quantify Value Proposition (Design Perspective)
Define the variables/parameter which defines the “AI model processing”.
Size of training data, model type, features, no.of layers and hidden layers in the model will determine the amount of resource needed to process the model.
Step 3: Define Requirement (Engineering Perspective)
The factors contributing the resource usage is identify. In this step, the technical team will find solutions to monitor & optimise factors.
Example, the Saas application able to
With the 3-step approach, a business value statement has been converted into a working real-world solution which meet the organisations desired outcome.