An example of why AI is so important for business
Have a look at this nifty bit of kit:
This is so well presented. You would feel like you are on the deck of Starship Enterprise NCC-1701. I am unsure why all these tech start ups are presented by owners who model themselves on TV Talkshow Hosts or cool dudes who seem slightly too old to be skateboarding. This particular device seems to be supported by Sam Altman the CEO of OpenAI and is scheduled for release next month.
Then this product arrived recently in the AI whirlwind. Along with all the others, they obviously have secured a huge amount of cash investment and seem to want to be one of the first out of the blocks. It's got a catchy name, Rabbit, to boot. One of the things I respect about this tech product is that they are competing on price.
This keynote speech is well worth listening in to. Not particularly around the product, however more specifically where they see the interaction of device and software in the realm of AI.
https://www.rabbit.tech
When looking at AI for business you will come across two terms; LLM's (Large Language Models) and LAM's (Large Action Models). Here we go, more tech acronyms to understand.
Although being somewhat floral, this blog post explains the difference quite well:
Simbarashe Timothy MotsiI do not think any of us should get too carried away with what is obviously an experimental industry. My point is simple; what we see today will be evolved next year, seem mature in three years and revolutionary in five years.
So, what kind of productivity would help business now? Just ask a simple question: How can AI help my business now?
Every business needs to know how much money is in the bank, what am I owned, can you foresee regular squeezes on cash flow? You will have financial processors, financial troubleshooters and financial reporters all of whom will work within a single or collection of tools.
I would expect your developing AI assistant to log in to each of these tools and simplify your daily, weekly or monthly reporting. How much money could this save you?
Your business will use some form of HR tool. I would expect your developing AI assistant to interrogate your system and look for resourcing issues around holiday entitlement and parental leave.
Your business will be posting to social media. I want my developing AI assistant to login into Adobe Creative Cloud, create my marketing resources, supporting existing or suggesting campaigns, log in to Meta Business Suite and schedule uploads then log into Hootsuite and tell me how marketing is performing.
Imagine your day-to-day routine. Your developing AI assistant will login to ClickUp, check for updates on any project including Senior Management Meetings, suggest agendas, follow up on actions, take a transcript of meetings converted instantly into minutes, distribute them and then start making suggestions of how they can help run the business further.
I think that AI business tools will very soon be able to answer the simple question; 'What do I want to do?' When you then start getting answers for 'What do you want to achieve?' and 'How do I achieve that?', your developing AI assistant become invaluable.
These tools are saying that their device, coupled with its use of microchip and LAM’s brain will act as your business personal assistant. Have another watch of that keynote speech.
I am sure your pension fund has carefully considered investment into high-risk, experimental industries and knows exactly what it is doing. I simply cannot see the leadership at Apple or Samsung allowing this opportunity to pass them by.
I think this recent decision is a classic ‘core competency’ strategy, however deployment of software over batteries and wheels must be so much easier to manage. Diversification of any business is always a challenge.
Nick Robins-Early
It seems obvious to me that work on LAM's and whatever comes next, will be integrated into a phone's Operating System to deliver value added to its current user base. I am certain that development of microchips are all about embracing and developing AI services.
I think the affects on the APP market will be fundamental. Apple and Google make huge sums from their Stores and will not be surrendering that income without a suitable replacement stream. We have had 15 years of APP development all of which would need to be rethought to run on these devices.
As with everything tech related business will evolve with layers of tools, some of which are not fit for purpose, some of which are getting old and most of which could be used better.
This reminds me of the shout, ‘RTFM’ shouted consistently at an Apple Mac resourced Direct Marketing Agency in the 90’s. What the younger designers never truly understood was that the owners were too busy talking to clients to help pay their wages than ‘read the f****** manual’.
When it comes to these delightful, fun, truly innovative devices, I can’t help wondering why my phone can’t do it. Many of us use wearables for exercise and maybe Google Glass was a true trailblazer. My focus is however on how can AI help you keep control of costs and drive turnover.
For business, the benefits of embracing such value added is fundamental to compete in the very near future.
