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William Vorhies's Blog – April 2019 Archive (5)

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

Causality – The Next Most Important Thing in AI/ML

Summary:  Finally there are tools that let us transcend ‘correlation is not causation’ and identify true causal factors and their relative strengths in our models.  This is what prescriptive analytics was meant to be.

 

Just when I thought we’d figured it all out, something comes along to make…

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Added by William Vorhies on April 22, 2019 at 8:47am — 5 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

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