Entries by wildoakonestepahead

In the digital world, data is no longer a by-product of business systems, it’s a core generator of business value creation

One of the major changes that came out of the Covid-19 pandemic was the increasing trust gap between individuals and institutions. Whether it was employees at Starbucks, Google, Twitter, and Amazon challenging the legitimacy of their companies’ business motives or an increasing lack of faith in critical institutions like the CDC and the Supreme Court the bonds of trust were frayed if not broken.

In the digital world, building a culture of trust is now mission critical

One of the major changes that came out of the Covid-19 pandemic was the increasing trust gap between individuals and institutions. Whether it was employees at Starbucks, Google, Twitter, and Amazon challenging the legitimacy of their companies’ business motives or an increasing lack of faith in critical institutions like the CDC and the Supreme Court the bonds of trust were frayed if not broken.

In the digital world, AI is not a cost it’s a strategic capital investment

According to a recent survey from SaaS benchmarking firm Benchmarkit and cost governance platform Mavvrik, 85% of organizations misestimate their AI cost by more than 10% and nearly a quarter miss by more than 50%. Many of these cost overruns come from hidden layers beneath the cost of the AI model including data preparation, security, integration, and governance.

In the digital world, the speed of AI innovation is far exceeding the speed of its successful adoption

In five days, we will reach the third anniversary of the launch of ChatGPT. During that time, there has been an explosion of innovative new AI products, services, and solutions that have far outstripped successful employee and end-user adoption and utilization. The following data documents the gap between the level of innovation and adoption

In the digital world, “you earn what you learn”

“The saying “you earn what you learn” emphasizes the connection between acquiring knowledge and skills and increasing one’s earning potential. It suggests that investing time and effort in learning, whether through formal education, on-the-job training, or personal development, can lead to greater opportunities and higher income.”

In the digital world, business value creation is defined by long-term power not short-term performance

In a time of unprecedented change, uncertainty, and disruption, there is a strong tendency for senior leadership teams to focus solely on short term challenges and issues rather than longer term business value creation opportunities. The big “aha” moment comes for senior leaders when they realize that short term performance consumes long term growth. This means that if the company continues to overweight investments in current businesses to deliver short-term performance, it will eventually liquidate the company’s long-term power to grow.