AI (Artificial Intelligence) is set to explode over the next 5 years. After a few years of experimentation and a lot of hype, it seems we’re getting down to business.
A recent Forbes article explains how we got here and where we’re going. As an IT professional who’s been living and learning this stuff since 1989, my take is that the time is right for AI. We’re seeing new use cases every day in every field and from every type of AI application – vision, speech, images and conversation.
Of the handful of millionaires that I have met as a result of business success, they all had one thing in common… Their business model was extremely “simple.”
By simple, I mean it wasn’t overly complex with lots of variations or product choices. They found maximum value (need) in the market and delivered a high quality solution.
Not only was their product elegant, their operation was efficient and organized. It’s certainly not sexy, but they printed money.
Not to say rocket science can’t be profitable, but most business owners aren’t Elon Musk.