AI has become the shiny new toy in the business world. CEOs are throwing around the term and hoping it'll magically solve all the company’s (and their) problems. Those especially where the businesses are not doing well are using it even more to assuage the shareholders in investor calls… and market is indeed responding with share prices going up (Adobe, Meta, and Nvidia especially according to a report by WallStreetZen)
I
remember when I was starting my career – back then MS Office was the buzz word.
Everyone thought that it would reduce jobs (improve profits) and revolutionize
the game. In just a few years every company had MS office and then Google
products. MS Office did not become the MOAT. Cause everyone had it. I see AI
going the same way.
I
mean, sure, AI is cool. It can automate tasks, crunch numbers faster and make
things a bit easier (and prettier). But will it single-handedly transform a
struggling company into a powerhouse? Probably not. Will it be a
differentiator? Probably not.
I
think AI to be more of a leveler than a differentiator. Soon everyone will
have access to it, whether it's through their own fancy AI system (bad idea for
most) or just renting out some third-party software and adapting it for your
business (From Open AI, Influencer, Anthropic to domain based such as
Writer.com). So, in the end, it's not really a game-changer because everyone's
playing with the same toys – yes some toys will be better – but not a
differentiator as such to improve bottom-lines substantially.
Unless
I am getting this wrong…
