That is the core of this generation, the more informed you are, the higher the chances of you scaling. What is information? A transfer of what is or what is expected to be. So we can say that a better set of information is a collection of past, present and the future. In short, a financial chart is one best wat to put forward such an explanation. In the heart of it, it makes some strong and yes, others will still remain very ignorant.
What am I saying here? How Informed are you? Anyway, information is not an assurance of a better decision without mental maturity. If you would ask me one of the best tools I will be looking for as an entrepreneur, it is an AI manager. You heard me well, an artificial intelligence business manager. The advantage here will be a non-emotional business decision making. I can tell you that I personally do fumble in decision making and yes, a later regret.
It is one of my concerns recently, will I be able to find that perfect person that understands where we (as a company) are driving this company to do so that I can ease myself of some work load/stress? In short, can this company even stand the test of time in my absence?. Asides from being a privilege to be indispensable, you will need a better team.
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Ok, it is like I am drifting a little, I wanted to center this article on data as related to information, AI age and in general, the world’s global market. Anyway, entrepreneurship is still a part of it if I am to add.
That said, we move on. I talked about AI managers and I am sure it is something some or many tech companies are already working on. Don't be surprised, when it comes to massive job layoff, we can't help it. Artificial intelligence will keep disrupting. I talked about how it has threatened Hollywood, the music industry and even Wikipedia yesterday. It is not fun when you are an ‘assumed victim’. Nevertheless, it ALL depends on how or will be able to blend. Being siloed in this era is like taking the exit door.
Quote me well, big companies will be replacing. I am seeing a future of AI managers and the advantages here are enormous. First, we are looking at a pay slash or better still payless system (AI managers will need mostly maintenance). The most vital part of it all is efficiency. Data is now the new driver and AI’s don't only have data, they execute accordingly. Let's take for instance bots trading.
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You can't compare this to a human sinking himself into the financial market in slow motion. Manual day trading is one of the riskiest business to put yourself so far.
I can remember a financial book I read that was co-authored by Robert Kiyosaki and Donald Trump. Yes, The Donald Trump. He told his manager, I will be paying you $50,000 dollars and whatever you can steal. His words seem harsh but there is a depth of sense in it, humans are likely to try helping themselves out. This is where sincerity becomes a challenge. Will AI managers be looking for a pay or behind the scene activities to keep some extra bucks? Of course not, their emotions is not tied to greed (in short, this things have no emotions at all, they execute commands, period).
To conclude, let me add, the future of business, transactions and the global economy is shifting and we are entering an era where human-AI relationships will be a good pair to stay in profit. As I said, the secret to wealth is information and nothing less. AI managers will be flooding the ecosystem, taking advantage of past and present information to analyse the best direction for companies.
To be more precise, it will favor digital companies who can make the most out of this flexible ecosystem to make wealth. AI is mixing disruption with opportunities, one can't help but admit that the digital space was meant for digital drivers and yes AI is such.
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I agree, but I think there is a problem, almost all tasks require creativity, creativity in everything. From management to communication. Although artificial intelligence is very fast and can calculate and apply past information as you explained and estimate the best path (not a definitive choice), it does not have creativity (as we expect). In my opinion, artificial intelligences are intelligent copycats and cannot produce and use something special and new that did not exist before (until now, of course). They combine problems, data, and repetitive information in such a way that we can come up with new results, that if we are not careful, we cannot understand that the results are nothing more than old information and data. In all tasks and research, the most important thing is creativity, not just the use and application of past information. Of course, this is my opinion and I may be wrong 👨⚕️✋