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How the Shift from a Growth to a Performance Economy Impacts Your Business

Knownwell

The AI transformation that’s upon us is impacting businesses of all shapes and sizes in profound ways, with even greater impacts on the horizon.

One of the most profound ways AI will impact businesses is changing the focus of executives and company leaders from a growth-at-all-costs mentality to one where operational excellence, productivity, and efficiency rule the day.

That’s the crux of episode 4 of our AI Knowhow podcast. Knownwell CEO David DeWolf joins Courtney Baker to share his thoughts around why this shift is happening at the perfect time, how the obsession with growth actually led us to this point of economic volatility, and why C-Suite leaders should be thinking about how to remove friction as they look to apply AI to drive operational excellence.

“We have been in a growth economy, which I would define by growth at all costs. And the reason for that is the advent of the digital economy has brought about our ability to reach a literally immeasurable, unlimited, infinite number of consumers,” David says. “We are now entering a period of time that, with the advent of AI, the same type of massive shift is going to happen within our organizations. Because now we have this intelligence that is able to create efficiencies and productivity like we have never seen before.”

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Episode Highlights

  • Mohan and Pete dig into 2 recent articles that they mine for tangible, real-word applications for business leaders: AI called in for landmark study of critically endangered species on outback station (ABC Net Au) and Meet Archie, the City of Fairfield’s artificial intelligence aid (CBS News)
  • David and Courtney dive deep into his recent blog post on the shift from a growth to a performance economy and discuss why, despite AI being a transformational technology, the biggest bottleneck to AI adoption is education and knowledge rather than data or technology prowess
  • Pete Buer talks with Rubrik’s Chief Revenue Officer Brian McCarthy about how Rubrik is helping companies like Home Depot shore up their approach to cybersecurity and data protection. They cover AI’s role in driving productivity by keeping bad actors at bay and ensuring the data and information they provide to CISOs and info sec teams is actionable.
  • Preparing for AI isn’t optional, Brian says, it’s a must. “Regardless of what your role and function are, you need to be thinking, ‘How do I utilize this technology in my function? How do we take advantage of the value of AI to improve productivity and performance and up-level the human skills to be able to utilize the output to drive change?’”

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