How do you Know a Company is Ready for AI?

What are the Steps to Become One?

As AI/Generative AI is the talk of businesses, universities, schools and daily life, many companies are asking:

A. Am I ready for AI and what do I need to have in place for success?

To answer this question please consider the following:

0. THE MOST IMPORTANT: Every company needs to FIRST identify Important Business Problems that AI can enable Solutions easier, cheaper, more efficiently or increase of revenues faster/better than manual or less automated processes. You do not apply AI for the sake of AI.

Large Language Models (LLM) where generative AI belongs are trying to model the human brain with benefits increasing productivity of analyzing or writing text or creating pictures and/or video. Goldman Sachs believes that it will eliminate 300 million workers.

There are many applications (see picture) and the question arises how does it work?

1. Everything starts from a Big Purpose: Generative AI can help you to find the right purpose for you and your company.

2: Compose the Right Team with complimentary competences, commitment and good chemistry among the team members.

3. Work to build a Business Model suitable for the Purpose

How to Build Great Startups the Coming 10 Years

The article is focusing on 2 very important stages of the Startup journey:

1. Customer Discovery

and

2. Customer Validation

It describes step by step all necessary planning and execution activities of a startup journey to ensure the startup belongs to the 5-10% of the startups with successful exits and impact. It also stresses what are the Key principles of success.

Do you have the Culture of Fast Scaling?

Successful leadership follows a number of principles that are the same and independent of where they are applied. Indeed, leadership is about people and leaders need to understand well key aspects of human skills and behaviors. It is people that either create or destroy value and it is essential to know how to lead to create value.

CHATGPT Benefits & Energy Consumption

As the whole technology world is talking about CHATGPT the attached file explains what it is and it's benefits. Companies need to join and integrate such platforms otherwise they will be left behind to put it mildly. What we need to solve with the current AI applications that are using deep learning technology, is that they consume too much energy. This needs to change otherwise we boycott the planet earth sustainability.

This is the 1st post and more will follow:

While we all need to support various pro environment actions like:

- Reuse more

- Recycle more

- Change to electric car

- Eat less or stop eating meat and switch to vegetable based diet

- Reduce food waste

- Support companies with Sustainability driven business models

the sad story is that the 2050 net zero target or max rise in temperature of 1.5 degrees C can never be achieved. Why ?

What are key corporate sustainability trends?

Growth Mindset & The impacts of Xponential Growth

Why are some companies able to create ‘blue oceans’ of uncontested market space while others struggle in ‘red oceans’ of intense competition? To answer this question, we need to look at some examples from a range of industries and identify the specific strategic actions blue ocean companies took to achieve profitable growth. We’ll examine blue ocean strategy examples from the tech, healthcare, fintech, and retail industries and a classic blue ocean example from the entertainment industry. We’ll also take an in-depth look at how one company made the spectacular transformation from the red ocean to the blue ocean.

Since 1995 the Internet, the exponential growth of Computing Power, Digitization, Bandwidth and lower transaction costs as well as exponential decline in Storage costs enabled decentralization of innovation. Consequently the successful established firms of the present and future will innovate together with the Start-up and Scale-up ecosystem. Established companies start to understand that they need to change or they will get beaten by leaner and faster competitors.

Can We Survive Without These Innovations?

We all know we are heading for an environmental disaster. The question is what needs to be done to avoid this disaster on planet earth? The answer is we need huge increases of renewable energy and other innovations to create their positive impact in the coming 10 years:

Exponential Growth In Practice: Customer Utility Matrix

How do you find challenges/pain points of customers to unblock and create opportunities for growth?

Utility is the state of being useful. To ask the right questions, we need to define suitable utility attributes that help to unlock blocks/pain points and create new opportunities to innovate and expand the market size.

The most common utility attributes used in many similar concepts are:• Productivity• Design• Simplicity/Convenience• Risk• Society/Environmental Impact• 1 industry-specific attribute

• Why we live in times of Xponential growth;

• What is the mindset of growth & abundance and Why it is possible to achieve improvement and/or growth of 10X or more instead of just 10% or 30%;

• How to leverage technologies that are already growing Xponentially to create Xponentially-growing businesses or become Xponentially more efficient;

• How to design digital business models enabling Xponential growth;

• How to find and implement new pathways of growth, resulting in Xponential growth.

Healthcare Innovation: Corporates Collaborate with Start-ups

When 5 Healthcare Experts representing 50% of the World population from East, West and ME come together, then the webinar becomes world class with a lot of wisdom for both Corporates and Start-ups .

Passion is the answer to the question what would you do if you had 1 billion USD? Moreover Passion should be linked to a Big Purpose that will have positive and sustainable impact to the community and the world. Entrepreneurship in the coming decades needs to focus on sustainable businesses.

So what are other key attributes that will enable passion for something to become reality?

In the 1950s - 1990s the Corporate labs were the main source of innovations. Since 1995 the Internet, the Exponential growth of Computing Power, Digitization, Bandwidth and lower Transaction costs as well as exponential decline in Storage costs enabled decentralization of innovation with the following impacts:

The technology world has experienced tremendous growth the last 70 years with various technological revolutions like: Semiconductors, PC, Internet, Mobile, Search, Cloud, 3D Printing, Biotechnology to name a few. In most cases the fundamental research has been funded from governments. After the research stage, companies used the research outcomes and developed products to test the market.