Why product governance is a hot topic right now.
Product lifecycle governance has transformed from a compliance checkbox to a strategic imperative powered by artificial intelligence. As regulatory complexity increases, lifecycles get much shorter and consumer expectations evolve, traditional manual frameworks are giving way to intelligent systems that provide real-time oversight and predictive insights across the entire product lifecycle.
Today's product leaders face unprecedented challenges:
Manual spreadsheets, shared drives, and email trails simply can't keep pace with these demands. Modern product governance requires AI-powered automation that transforms oversight from a reactive burden into a proactive business enabler.
A modern product governance framework is a comprehensive framework of policies, processes, and technologies that enables organisations to manage products throughout their entire lifecycle—from ideation to retirement—while ensuring regulatory compliance, maximising customer value, and minimising risk. It serves as the foundational architecture that guides how products are designed, distributed, monitored, and continuously improved within an organisation.
Unlike traditional governance approaches that rely on manual processes and periodic reviews, modern frameworks leverage artificial intelligence and automation to provide real-time oversight, predictive analytics, and dynamic decision-making capabilities. These frameworks act as intelligent guardrails that help organisations navigate complex regulatory requirements, adapt to market changes, and maintain accountability across all product activities.
At its core, a product governance framework encompasses:
A modern product governance framework is an intelligent system that combines:
In this phase, AI helps you:
AI enables you to:
With AI, you can:
AI-driven insights help you:
Skyjed's platform makes creating an AI-powered governance framework simple:
Organisations using Skyjed's AI-powered framework report:
As regulatory complexity grows and consumer expectations rise, AI-powered product governance isn't optional—it's essential. Organisations that embrace intelligent automation now will:
Ready to transform your product governance with AI? Download our Automation of Product Monitoring and Reviews Playbook or schedule a demo to see Skyjed in action.
Skyjed offers a comprehensive product lifecycle and governance platform and approach. Their approach involves several key elements
What is in a product governance framework?
Product Governance Framework
Product governance is not a one size fits all, and each product portfolio organisation is different. No process is linear, however generally a modern product governance framework includes four key phases: design, distribute, monitor, and continuous improvement.
Design
In this phase, you'll learn how to better understand customer needs and address pain points. You'll move through discovery, experimentation, shaping a product and ultimately defining your products design and distribution.
The design phase is about ideation and shaping new products, finding new possibilities for existing products, which will evolve into a commercial solution if successful.
In this phase you will start to build your team, get smart on your regulatory challenges and obligations, and make choices about distribution strategy and conditions. You will also identify what review triggers will be needed to monitor the financial and non-financial risks or obligations for your product when in market.
Distribute
Here you'll prepare and execute to get your idea to market and how to maximise its impact – this is across your selected distribution channels to maximise the commercial success and delivering customer value.
You will also finalise any mapping and implementation requirements including data collection of your distribution conditions and review triggers and ensure they are in place when in market.
Monitor
In the monitoring phase, you'll oversee your product strategy with your team, make sense of the customer and product data and insights collected, and identify opportunities for improvement and early warning of risks.
You'll monitor review trigger thresholds, review your product design such as your target market determination for example and product performance. Then, you will identify and document ongoing improvement action plans until such time that you're ready to exit the product from the market.
Continuous Improvement
Now, this is where you execute the action plans and continually iterate and improve. You'll figure out how to plan and re-plan to meet your performance metrics and refine your product design and strategy and the business model. You will keep the customer at the heart of the process and spend adequate time monitoring review triggers and your product design and distribution obligations.
Skyjed Drivers & Templates with Guidance Notes Example
The Skyjed platform delivers a complete 360-degree view of a product’s health and performance. With our no-code setup Skyjeds platform is flexible to meet different business goals or governance framework’s.
With Skyjed you can replace all those spreadsheets, email trails and shared drives with different documents with a tool that records and manages the entire history of the product and its lifecycle management and governance all in one place.
By choosing from Skyjed’s prebuilt drivers and design or review templates (or you can easily create your own in minutes) you are ready to start. When you commence a product monitoring review, you are presented with a comprehensive set of information input drivers that guide you through the process.
One of the benefits is when you commence the following review the information and data is automatically populated from the previous review. This means you are only looking for what has changed since the previous review and therefore the process gets faster and faster over time. As a result product leaders will recognise insights and changes easily and make faster strategic decisions to address opportunities or risks.
How to create a modern governance framework using templates and an AI-powered platform
Lifecycle Management
Skyjed's lifecycle management features help product leaders manage the entire lifecycle of their products, from ideation to retirement. These features include:
You can implement a governance framework and get going by leveraging the unique features of Skyjed’s platform including:
Governance and Administration
Skyjed's governance and administration features help product leaders ensure that their product lifecycle processes are efficient and effective. These features include:
Download our Automation of Product Monitoring and Reviews Playbook to learn how to effectively conduct product monitoring and governance reviews utilising automation and artificial intelligence to win back time so you can focus on growth.
Watch our 2-minute explainer video to learn more.
What our customers say?
Barbara O'Connor Nash, Head of Product, Great Southern Bank
As product management in financial services has become more complex and regulated, investing in technology to support the product lifecycle has increased. As product managers are responsible not only for the decisions, they make today but are required to understand and, in some instances, remediate decisions made in the past. Skyjed provides us with a platform where we can now record, track, and monitor these decisions and leaves us with strong record-keeping for future product management teams.
Additionally, Skyjed has a built-in tool to create your templates without coding - if you have already made your TMD - don't panic - you can simply upload them. As a practical example, we uploaded over 60 TMDs that had been created in a word document into Skyjed workspace in less than 2 hours with complete version control and record keeping.
Chris Moxley, Head of Product Australian Unity Retail Banking
The automated worlfow trigger tool and notification action shave made monitoring easier and provide peace of mind and tracking seamless. Its less. complicated than managing product obligations or monitoring in shaed drives with desktop applications that are not fit for purpose.
Hugh Stodart, Head of Product & Engineering, Cipherpoint
I have not previously come across a tool which brings the elements of product management together like Skyjed does - particularly for ongoing management as distinct from development.
Michael McCormick, former Head of Product & Strategy, LUCRF Super
Skyjed has reduced the amount of time spent on manual processes and implementation by 50%. They make ongoing management and monitoring of the Product Governance Lifecycle Framework and DDO very easy. The Skyjed solution will do most of the work for us.
About Skyjed
Skyjed is an AI-powered digital product lifecycle management and governance SaaS platform that acts as the single source of truth for product design, health, performance, and governance.
Skyjed is an ISO-27001 accredited solution.
It is designed to drive growth and enable product teams to strategically design and monitor products with automation smarts and faster insights to make data-driven decisions with confidence.
Skyjed’s commitment to innovation and our customers has been rewarded with several industry recognitions including Technology of Year – Finalist in the UK Tech & Innovation Awards 2022, Finalist in the AFR Most Innovative Company 2022 and AFR Sustainability Awards 2022 and Regtech Female Founder of the Year 2021.
If you would like to experience how Skyjed can help your team build for product success, contact us for a demo or a start a free trial today.
Experience the unique features of Skyjed: