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3 Notable Quotes to Establish a Human-First AI Mindset
Quotes to frame your approach to AI
When creating an AI strategy, the experts start by shifting attention from the tech and tactics to the fundamental value of AI. It's how to see the forest through the trees so they can capture big-picture opportunities while avoiding mistakes from near-sighted decision making.
Executives who apply these principles when allocating capital will create an innovative mindset that leads to new products, services, and processes. This mindset helps executives who are interested in adopting AI but have not started due to struggles with prioritizing, managing change, and addressing employee concerns.
Now, let's dive in and discuss the insight behind these quotes:
#1: “Data is the new oil” - Clive Humby
(…and AI is the refinery)
Your company has documents, files, contracts, emails, databases (structured & unstructured), and IP oozing out of servers and SaaS subscriptions. Everything is full of unrefined data that could create massive value.
The classic declaration from Clive Humby that data is the new oil was made in 2006, well before we understood AI's ability to refine data into so many uses. Now that we see how AI can turn that crude oil into so many useful products and services this concept has evolved to include AI's contribution as a tool to refine the data into so much more.
Become an AI innovator by turning existing untapped assets into valuable experiences, products, and services.
#2: “Escape competition through authenticity” - Naval Ravikant
You and your staff have unrefined data in the form of unique knowledge.
The data in your organization isn't just the ones and zeros in a CRM or ERP, it's also how you use those systems. Start by thinking about how your production activities, brand narrative, and domain knowledge can be learned by AI to create new systems, products, services, and relationships. When you map these activities, behaviors, and interactions you can use AI to enhance, accelerate, and automate your competitive advantage.
Invest like the best knowing your ROIC will increase because your moat is unique.
#3: “Systems are more important than goals” - James Clear
Focus on what you do and why you do it, not just why you want it.
Change management requires knowing how your company operates, creates, and competes by breaking down the elements of your value-proposition and value-chain to see each activity and how their purpose aligns to create meaningful work for staff and economic benefit for the organization. Be sure to get alignment of individual vocation, contribution and capabilities with the new AI technology and workflows.
Ensure transformation with clear direction, genuine interest, and intrinsic motivation.
I hope these concepts will begin to change your mindset so you can embrace AI with confidence.
Start small, test, learn, apply… take each step knowing the path is unique to you.