Gain strategic decision-making, AI expertise, and product development skills in a challenging business environment.
Turn AI from a technical experiment to a strategic asset, enhancing business value and driving innovation forward.
Navigate complex technology to shape AI product development without deep technical expertise.
Develop an understanding of a comprehensive, end-to-end AI product development framework and explore how to align AI solutions with core business objectives.
Learn to bridge technical and business domains effectively by developing strategies to minimise AI implementation risks.
Move beyond theoretical knowledge to real-world application and complete the course with a fully developed AI Product Plan.
of managerial experience
Designed for mid-career and senior executives, with at least 3+ years of managerial experience, this course empowers professionals to master AI product development and strategic decision-making. Through expert-led sessions, hands-on training, and real-world case studies, participants will develop the skills to navigate business instability and scale AI solutions effectively.
Suited for Product Managers, Innovation Directors, and Digital Leads seeking strategic AI knowledge, not for junior roles or pure technical developers.
Explore the depth of AI innovation by mastering product development from concept to launch, with a focus on business strategy and ethical practices.
Module 1: Formulating an Initial AI Product
Learn how to approach AI product development from a top-down business perspective, understanding the unique lifecycle of AI products and how to create innovative solutions that align with their organisation's strengths while minimising potential risks.
Module 2: Building your AI Team
Discover the critical importance of cross-functional teams in AI projects, learning to assemble and integrate stakeholders from various business domains, including technical, legal, ethical, and user experience perspectives to ensure comprehensive project success.
Module 3: The Main Components of an AI Product
Gain a comprehensive understanding of different AI techniques, learn how to match specific business challenges with appropriate AI approaches, and develop skills in data acquisition, curation, and alignment with machine learning objectives through a practical modelling exercise.
Module 4: Building your AI Model for Purpose
Learn to evaluate AI model quality by understanding key accuracy metrics, interpreting confidence intervals, and developing the ability to work collaboratively with data scientists to determine whether a model meets specific business requirements and cost considerations.
Module 5: From Model to POC
Explore the complete AI product lifecycle, focusing on identifying ethical risks, developing communication strategies, creating timelines for model retraining, and understanding when and how to engage stakeholders throughout the proof-of-concept development process.
Module 6: Creating the Business Offering
Understand the complexities of launching an AI product, including integration strategies, user training, regulatory compliance, ensuring product-market fit, and developing plans for supporting and scaling the solution across target markets.
Module 7: In-Person Canvas Review
Consolidate your learning by completing an AI Product Canvas, synthesizing insights from previous modules, and developing a personalised, actionable plan for implementing AI products within their specific organisational context.
AI Entrepreneur, Founder of Probility AI and Budscout AI
Experience
PhD (University of Minnesota) Post-Doctoral Fellow (Harvard University), MBA (Kellogg School of Management) PGDip- AI for Business (Saïd Business School, Oxford University) MSc (Sloan Fellow) – London Business School
Dr. Toby Velte is an AI entrepreneur who founded Probility AI and Budscout AI in 2021. He has previously worked at Google, Amazon (AWS), and Microsoft, where he expanded teams from a single member to over 1,000 employees. Dr. Velte specialises in assisting Global 1000 companies with transforming their business models and developing new products using AI and cloud computing. He is also a prolific writer, contributing to business technology literature, including articles for Harvard Business Review and Think , and has authored 16 best-selling technology books published globally by McGraw-Hill.
Dr. Velte holds a Bachelor of Arts in Psychology and a Ph.D. in Computational Neuroscience from the University of Minnesota, and he completed his post-doctoral training at Harvard University. In 2021, he earned an MBA from Kellogg, followed by a diploma in AI for Business from Oxford in 2023. In 2024, he was a Sloan Fellow at LBS. Dr. Velte frequently serves as a guest lecturer for LBS degree programmes and is actively involved in developing and delivering new courses on AI for Business within LBS’s Executive Education programme.
His work focuses on understanding AI's transformative impact across various domains, including strategy, marketing, and private equity. In strategy, he explores AI's disruption of industries, its strategic implications, and its role in innovation and product development, alongside adoption strategies and future trends. In marketing, he focuses on AI integration for enhanced effectiveness, personalisation, automation, predictive analytics, and emerging trends shaping the industry. In private equity, his work provides an overview of AI services, identifies investment opportunities, assesses risks, examines market trends, and offers strategic implementation insights to enhance portfolio performance and growth.
Submit your application through our online application form.
Not ready to apply yet? Reserve a place
The fee for the programme is £520*
We offer a 25% discount for London Business School Alumni and for those who have completed four eligible Certificate in Management or Certificate in Finance programmes.
For more information on what the programme fee covers, please speak to our Client Relationship Manager.
*Fees are subject to change
Whether you are an individual or an organisation/group looking for a programme, get in touch and we can help find the best solution for you.
