What makes harnessing the power of AI in the near term all but an imperative for executives? How is the disruption artificial intelligence is bringing about different from the digital transformation we’ve seen impact so many industries in the last several decades?
This episode of AI Knowhow looks at the rapid adoption of artificial intelligence we’ve experienced in the last year and how the adoption curve from exploration to ROI seems to be even more collapsed than those in previous periods of technology disruption.
David DeWolf, Mohan Rao, and Courtney Baker discuss whether we’ve reached the point where getting started with AI is truly a do or die proposition. Their answer? Not yet, but that day may arrive sooner than we think.
Mohan encourages executives to look at where we are with AI through the Three Horizons framework developed and popularized by McKinsey. Mohan believes we’re approaching horizon two, which means extending a company’s existing business model and core capabilities.
And Greg Alexander, Founder of the professional services mastermind community Collective 54, joins Pete Buer to share his insights into why AI is the ultimate leveler of the playing field for boutique professional services firms. In this space specifically, Greg believes that organizations must learn how to leverage AI or they run the risk of quickly becoming obsolete.
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Episode Highlights
- Courtney and Pete unpack a TIME article titled Will AI Take Your Job? Maybe Not Just Yet, One Study Says and a Fast Company post on the Rabbit r1 that reads Rabbit’s handheld AI device aims to create a post-smartphone experience. Stay tuned for Pete’s review as soon as his r1 arrives…
- David uses eBay and Salesforce, which began roughly four and eight years respectively after the underlying technology for the Internet was laid, as examples of how long it can take for truly game-changing companies to be built on disruptive new technologies like AI
- Greg Alexander shares his belief that AI is fundamentally rewriting the rules of business in professional services. The days of large professional services companies having innate advantages over smaller providers because of size and scale are quickly coming to an end. Read more in Greg’s post he discusses on the episode, The AI Revolution: An Urgent Wake-Up Call for Boutique Professional Services Firms
- It’s earnings call season, so Courtney has David and Mohan play a game called Over/Under where they guess if Microsoft and Alphabet referenced AI more or less than 50 times on their calls last week. They also give their best guesses at how often Meta, Apple, and Amazon will mention AI in calls that happened shortly after the recording. Stay tuned for next week’s episode to find out how they fared!
Resources
- Connect with Greg Alexander on LinkedIn
- Connect with David DeWolf on LinkedIn
- Connect with Mohan Rao on LinkedIn
- Connect with Courtney Baker on LinkedIn
- Connect with Pete Buer on LinkedIn
- Follow Knownwell on LinkedIn
