How to Use the Cloud to Empower Your Business

Pretty much everyone today is aware of “the cloud” and associated technologies. From iCloud to Dropbox, Amazon’s personally tailored Kindle library to Microsoft’s Office 365. Cloud enabled software and services are all around us and growing in functionality and usage.

Also, new products and services are continually entering the marketplace. From smart refrigerators in your home that monitor food consumption and automatically order refills through your cloud based grocery profile, to “Wikipedia like books” that contain and share every reader’s markups, notes and cross references.

The cloud is here and consumer adoption is massive and growing!

The Cloud is a Huge Business Opportunity

In case you haven’t noticed, this is a huge opportunity for businesses to get a virtual lock on a customer! Cloud based business models can secure a solid stream of income for a long period of time by offering a compelling and valuable service.

8 Ways to Prepare Your Business for Artificial Intelligence

Artificial intelligence, AI, is already revolutionizing our world and what we have seen so far is not even the tip of the iceberg! We cannot imagine today the profound changes AI will bring to our planet in the coming years!

So, what is your business doing about it? How are you leveraging AI inside your business? What are you doing to prepare your business for the changes that AI will usher into your marketplace?

What is Artificial Intelligence?

The Inevitable

Understanding The 12 Technological Forces That Will Shape Our Future

This week’s book review is The Inevitable by Kevin Kelly.

Kelly is one of the founders of Wired Magazine and is a well-respected futurist. The Inevitable describes 12 trends that Kelly predicts will have a major impact in our society over the next 20+ years. These are listed below:

How to Prepare Yourself for Exponential Growth

In 1998 Google burst onto the Internet scene and went from $0 market cap to $1 billion in 8 years. This was unheard of growth! A typical Fortune 500 company takes 20 years to achieve that same $1 billion mark.

However, since 1998, the time to grow from $0 to $1 billion market cap has steadily decreased. Facebook did it in five years, Tesla in four years, Uber in two years and Snapchat and Oculus Rift did it in just under two years!

Exponential Growth

According to the book Exponential Organization (by Salim Ismail, Michael Malone and Yuri van Geest) an “ExO” or Exponential Organization is an organization that display an exponential level of growth.

As you can imagine, any organization that undergoes exponential growth also undergoes exponential change. This change can easily destroy the organization completely or severely impact its growth unless it is handled correctly.

3 Valuable Principles for Successfully Setting Price

Way too frequently business leaders set the price for their products or services based solely on their own perception of the value of what they offer. They do not look at things from the perspective of what the customer wants, needs or values.

Consequently, they price too high, which limits their ability to grow. Or, they price too low and leave “money on the table.”

What Does History Teach Us About Price?