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William Vorhies's Blog Posts Tagged 'strategy' (16)

How COVID-19 is Likely to Change Your AI Strategy

Summary:  COVID-19 and the changes it creates in the business environment for the next 12 to 24 months means our current AI strategies need to thoroughly reviewed and probably retargeted.

 

Whether you are a Zoom-connected CXX level living out your WFH isolation or one the ‘fortunates’ in essential industries…

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Added by William Vorhies on April 21, 2020 at 10:53am — No Comments

Revisiting the Implementation of AI Strategies

Summary:  Can all AI strategies be defined by a few common needs or are the different AI strategy models sufficiently unique that they need to be considered as separate approaches.

 

There’s an article in the current Harvard Business Review titled “…

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Added by William Vorhies on February 3, 2020 at 11:15am — No Comments

Six AI Strategies – But Only One Winner

Summary:  The results are in.  There is only one demonstrably successful strategy for creating big wins for AI-first companies.  We’ll briefly summarize the other contenders that have fallen by the wayside and then lift the curtain on the winner.

 

For the last three years we’ve been close observers of exactly…

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Added by William Vorhies on January 7, 2020 at 8:30am — No Comments

What to Tell Your Board About AI/ML

Summary:  Communicating with your Board of Directors about AI/ML is different from conversations with top operating executive.  It’s increasingly likely your Board will want to know more and planning that communication in advance will make your presentation more successful.

 

As AI/ML becomes increasingly…

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Added by William Vorhies on April 29, 2019 at 9:35am — No Comments

AI/ML Lessons for Creating a Platform Strategy – Part 2

Summary:  McKinsey says platform companies will represent 30% of global business revenue by next year (2020).  In Part 1 of this article we started to lay out some important lessons learned and examples for you to follow.  Here are the rest.

 

McKinsey says platform companies will represent 30% of global…

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Added by William Vorhies on April 15, 2019 at 7:43am — No Comments

AI/ML Lessons for Creating a Platform Strategy – Part 1

Summary:  McKinsey says platform companies will represent 30% of global business revenue by next year (2020).  Here are some lessons and examples to help mature companies evaluate where they can create AI/ML-enabled platforms to remain competitive.  This is a long topic so this will be Part 1 of 2.

 

As data…

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Added by William Vorhies on April 8, 2019 at 9:29am — No Comments

A Radical AI Strategy - Platformication

Summary:  A new business model strategy based around intermediary platforms powered by AI/ML is promising the most direct path to fastest growth, profitability, and competitive success.  Adopting this new approach requires a deep change in mindset and is quite different from just adopting AI/ML to optimize your current operations.

 …

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Added by William Vorhies on April 1, 2019 at 9:29am — No Comments

Now that We’ve Got AI What do We do with It?

Summary:  Whether you’re a data scientist building an implementation case to present to executives or a non-data scientist leader trying to figure this out there’s a need for a much broader framework of strategic thinking around how to capture the value of AI/ML.

 

There are many articles written from a tools…

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Added by William Vorhies on March 25, 2019 at 8:30am — No Comments

Capturing the Value of ML/AI – the Challenge of Offensive versus Defensive Data Strategies

Summary:  A major pain point is standing in the way of many companies’ ability to maximize the value of their ML/AI initiatives.  The competing goals of data flexibility versus single version of the truth can only be solved with an effective data governance strategy.

 

There are many reasons why companies…

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Added by William Vorhies on February 11, 2019 at 10:15am — No Comments

Advanced Analytics – The Fourth Great Lever of Corporate Change

Summary:  Advanced analytics and AI are the fourth great lever available to create organic improvement in corporations.  We’ll describe why this one is different from the first three and why the CEO needs the direct help of data scientists to make this happen.

 

If you’re a CEO or any other flavor of top executive leading a…

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Added by William Vorhies on October 15, 2018 at 2:33pm — 2 Comments

From Strategy to Implementation – Planning an AI-First Company

Summary:  Our recent series of articles on AI strategies shows the options available for the strategic direction of your AI-first company.  Here are some thoughts on moving from strategy to implementation, including some useful tools to help in planning.

 

Hope you’ve been following our latest series of articles describing and…

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Added by William Vorhies on August 7, 2018 at 7:25am — 1 Comment

Comparing the Four Major AI Strategies

Summary: Now that we’ve detailed the four main AI-first strategies:  Data Dominance, Vertical, Horizontal, and Systems of Intelligence, it’s time to pick.  Here we provide side-by-side comparison and our opinion on the winner(s) for your own AI-first startup.

 

In our last several articles we’ve taken a tour of the four major…

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Added by William Vorhies on July 31, 2018 at 8:20am — No Comments

Comparing AI Strategies – Vertical vs. Horizontal

Summary:  Getting an AI startup to scale for an IPO is currently elusive.  Several different strategies are being discussed around the industry and here we talk about the horizontal strategy and the increasingly favored vertical strategy.

 

Looks like there’s a problem brewing in AI startup land.  While AI is most certainly…

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Added by William Vorhies on July 17, 2018 at 7:00am — No Comments

What Makes a Successful AI Company - Data Dominance

Summary:  A defensible data strategy increasingly defines those AI businesses that will be successful.  VCs know this and are steering the funding to this strategy.  Read here about what a defensible data strategy is and how to identify your next AI opportunity using this technique.

 

The most recent issue of MIT Technology…

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Added by William Vorhies on July 10, 2018 at 7:00am — No Comments

AI Strategies – Incremental and Fundamental Improvements

Summary:  Before starting to develop an AI strategy, make sure your team understands the limits of what is reasonable today, as well as incremental improvements that might be overlooked.  Focus should be on your LOB leaders who understand the business.  Make sure they are also able to recognize AI opportunities.

 

 

I…

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Added by William Vorhies on May 8, 2018 at 9:30am — No Comments

Cliff Notes for Managing the Data Science Function

Summary:  There are an increasing number of larger companies that have truly embraced advanced analytics and deploy fairly large numbers of data scientists.  Many of these same companies are the one’s beginning to ask about using AI.  Here are some observations and tips on the problems and opportunities associated with managing a larger data science function.

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Added by William Vorhies on February 6, 2018 at 8:09am — 3 Comments

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