In this episode, we delve into the rapidly changing world of technology and its impact on businesses, particularly in the context of AI-driven tools through the lens of the 2014 book "Exponential Organizations" and its relevance to small businesses today, as well as how AI is helping to improve processes and reduce costs. We also explore the opportunities and challenges that come with adopting exponential thinking, as well as the importance of personalizing customer experiences and leveraging AI solutions for various tasks. So, join us as we navigate this exciting new landscape and uncover the many possibilities it holds for businesses of all sizes! Download Transcripts:🇬🇧 | 🇫🇷 | 🇪🇸 | 🇵🇹 SUMMARY 0:01:06 - Change in Exponential Model0:06:51 - Blue Sky Thinking0:10:40 - The Impact of AI and Crowdsourcing0:13:57 - Optimizing Processes With Cognifier0:18:10 - Increasing Efficiency Through Autonomy0:21:27 - Crowdsourcing vs Navigation Systems0:28:13 - Exploring the Possibilities for Change KEY POINTS Topic.Application/ReferenceDescriptionExponential TechnologiesThe Exponential AgeA book that discusses the rapid advancements in various technologies and their implications.Artificial IntelligenceAI in accountingThe use of AI to automate tasks such as data entry, reconciliation, and report generation.Business Process AutomationZapierA tool that connects and automates tasks between different web applications.RoboticsMcDonald's staff-less restaurantA reference to a McDonald's restaurant that uses automation, reducing the need for human staff.Creativity and InnovationIntellectual spaceThe concept of expanding one's range of ideas to foster creativity and innovation.Future-proofing businessesStaying ahead of the curveThe importance of adopting new technologies to remain competitive and avoid becoming obsolete.Natural Language Processing (NLP)AI for content generation, chatbotsExamples of NLP applications in businesses to automate content creation and customer support. LINKS Get the book: Exponential Organizations (https://www.amazon.com/Exponential-Organizations-organizations-better-cheaper-ebook/dp/B00OO8ZGC6) More of ExO: OpenExO (https://openexo.com) Making Intelligence Accessible (https://miacloudacademy.com) | 90-Minute Books (https://90minutebooks.com) | YourPodcast.team (https://yourpodcast.team) Aalok Y ShuklaAbout AalokStuart BellAbout Stuart TRANSCRIPT Aalok: Hey, Stuart, how are you? Stuart: Aalok, how's it going buddy? Aalok: Very good 24th of April, another week is gone. Stuart: It goes fast. Blink and you might miss it. Aalok: Absolutely. So let's talk about where things are now. I think there's like, a good quote we can start with I think Mark Zuckerberg has been laying off even more staff. And because he they're going through the year of efficiency at Meta, or Facebook. And I think one key phrase he said is, we're in a different world now. Right. And I think that's, I think that's a point to just reflect on. Because all of us if we're in business, we started our businesses five years ago, seven years ago, even two years ago, and the world was a very different place, based on COVID, or cost structure or staff. And now in this AI first world, or this cognitive first landscape, things have changed. And this just one bit, I want to touch a bit on that we can kind of go into a bit more detail, as we always do, talking about a book, which can actually help give some answers on this as well. Right. So on the Olin podcast, literally just from last week, and Chamath, and they were looking at funds, and he was basically saying to himself, like, I don't know, if I want to raise a fund now. Because before I would have raised a billion or whatever like this, but maybe I need to have a 50 million fund or a smaller, and I need to write lots of 100,000 checks or 5000 checks or something because the cost structure needed to do a new business, a technology business startup has changed. You don't need 10 engineers, 20 engineers, if engineers can use tools like auto GBT chat, GBT, copilot other things like this, even Amazon have come out with their own code version of it. So you don't need as much staff as much cost. So maybe you know that there's a lot more innovation that can take place. So I think, this phrase of this different world that we're in now, and even companies that are looking to start now, because I think they were also talking about these companies, which are at Series C, which is basically when they've done two rounds of funding beforehand. Normally, some big investor put some loads of money. And they were saying the Series C investment has actually dropped. Because no one wants to be putting in those big amounts of checks for legacy cost structure businesses, like if you're creating a business, they basically called you a zombie corn, because like, you're not going to go anywhere, right, like, and so I think that that becomes quite interesting, because it's all about ...
