How to Leverage Artificial Intelligence in Your Business

By now, most of us have heard about Artificial Intelligence (AI). Once the exclusive domain of science fiction and futuristic movies, it is now becoming prolific in many aspects of our society!

But do you understand what it is? Are you and your business prepared for AI and how are you leveraging it in your business today?

AI has been around and evolving since about 1956 and it is now advancing at a speed that is almost incomprehensible!

According to Ray Kurzweil, the speed of advancement of society today is accelerating exponentially. Furthermore, he asserts that the entire progress of the 20th century would have been achieved in only 20 years at the rate of advancement we saw in the year 2000. So, the rate of advancement in the year 2000 was 5 times as fast as the average in the entire previous century!

He believes that another 20th century’s worth of advancement happened between 2000 and 2014 and another will happen between 2014 and 2021! In a few decades after this, a 20th century’s worth of progress will take place multiple times in the same year and a decade later it will happen multiple times in the same month!

Basically, it boils down to the “Law of Accelerating Returns.” Kurzweil believes that the 21st century will see 1000 times the progress as the 20th century!

A big part of the changes and advancement that we will see will be both in Artificial Intelligence and made possible by Artificial Intelligence.

Current State

The diagram below comes from a webcast from Dr. Kai-Fu Lee and Peter Diamandis. They classify AI into “waves” and show the high-profile companies that are leveraging AI into the core of their business.

  • 1 – Internet AI
  • 2 – Business AI
  • 3 – Perception AI
  • 4 – Autonomous AI

The Second Machine Age

Work, Progress, and Prosperity in a Time of Brilliant Technologies

This week’s book review is The Second Machine Age by Andrew McAfee and Erik Brynjolfsson.

The authors take us through a great history of social development and chart the relentless and accelerating progress of technology. They do a great job of explaining how technology has impacted society, is impacting society, and will impact society moving forward. Besides the technology itself, they cover the impact that the second machine age will have on politics, economics, social upheaval, income inequity, and more.

My takeaway from this book is that our future will be very different that our current world and that the rate of change is accelerating. The best way for us and our businesses to stay ahead of this change is to:

What is EMF and What Does it Have to Do With Business

According to Wikipedia, “An electromagnetic field (also EMF or EM field) is a physical field produced by electrically charged objects. It affects the behavior of charged objects in the vicinity of the field. The electromagnetic field extends indefinitely throughout space . . . It is one of the four fundamental forces of nature.”

Granted, EMFs are generally not a big topic in business related articles! However, they can have a dramatic impact on our health and, if our health is compromised, our business is compromised!

I first became aware of the health impacts of EMFs when I wrote a term paper at university in the 1980’s. Back then the big concern was EMF from high voltage power lines. Today, man-made EMF is more prolific than ever before and it is increasing. In fact, it is almost impossible to avoid in today’s society regardless of where you are on the planet! Some sources of man-made EMF are:

An Introduction to the Rockefeller Habits

In 2002, Verne Harnish published his book “Mastering the Rockefeller Habits.” At the time, I was transitioning from “mega-project” management into business management and this book made a huge impact on how I run a business.

I never thought too much about it at the time but now as I reflect on how I have led organizations (businesses and not-for-profits), I constantly leverage all of the ten Rockefeller habits that Harnish outlines in his book.

I find it interesting that the organizations that “bought into” the “Rockefeller system” with me performed well over time even though we may have experienced some tough periods in the market. Conversely, the organizations that just could not get aligned around the system, were not able to experience the same levels of success.

So, what are these intriguing habits?

Will it Fly

How to Test Your Next Business Idea So You Don't Waste Your Time and Money

This week’s book review is Will it Fly by Pat Flynn

Flynn takes his readers through the process of business ideation, validation, incubation, and eventual start-up and rollout. His writing style and methodology are simple yet powerful and he provides many anecdotes and useful examples to drive home the concepts that he is teaching.

My takeaway from this book is that I need to spend more time developing targeted user groups and working closely with them prior to creating and rolling out products or services. Remember the words of Joel Barker – “Speed is only useful if you’re running in the right direction!”

Spend time up front to determine the correct direction before you invest your organization’s money and resources!