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Michael Zammuto's Column On CIO Magazine's site - Practical AI, Data and Analytics Strategies


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CIO.com Article – 8 AI Technologies Your Enterprise Needs Today

Exec Summary and Reference Sheet on AI

Cloud Commerce CEO Michael Zammuto published a new article on CIO.com entitled 8 artificial intelligence technologies your enterprise needs today. The article is an executive summary and quick reference for CIOs and other functional, technology and business executives who are interested in understanding the most critical aspects of this crucial and transformative technology.

“AI” Is An Overloaded Term

Zammuto argues that the term “Artificial Intelligence” is an overloaded term. To insiders, academics and researchers this term is shorthand for general artificial intelligence which is the common view of AI as a system with intelligence that typically is modeled on biological cognitive systems. General AI is not a commercial product yet and is confined to research projects, predominantly.

Understanding The “AI Landscape”

Zammuto argues that, for enterprises,  the term “AI” is more reflective of an “AI Landscape” that includes many interconnected technologies, available from a broad range of sources and vendors. Of these are ones that get a lot of media attention, including machine learning and automated assistants and chat bots, as well as less broadly appreciated technologies with massive potential including natural language generation and decision management.

Michael Zammuto Writes for Business.com, CIO.com and other sites.


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Business.com Article: 3 Entrepreneurial Skills I Mastered and 1 I Have Not

Latest Article Explores Mastering Foundation Skills vs. Lifelong Learning

Michael Zammuto recently published an article titled Three Entrepreneurial Skills I Mastered and The One I Never Will. The article touches on critical, behavioral skills that are critical for entrepreneurs to be successful. The article also introduces the concept of lifelong learning. This discussion illustrates the Cloud Commerce philosophy that some skills can be mastered while others represent an opportunity for long term development, even in very senior, experienced and skilled leaders.

Zammuto is the CEO and founder of Cloud Commerce Consulting. He has been the founder, CEO or COO of a number of successful startups and growth stage companies, is an award winning product designer and leads the Cloud Commerce Consulting AI practice.

Michael Zammuto writes on both CIO.com and Business.com


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CIO.com Article: Why Enterprises Need A CAIO (chief AI officer)

CIOs Shouldn’t Try To Tackle C-suite Leadership on AI Alone

CEO Michael Zammuto’s first article arguing that AI and the big data and analytics work typically required to support an enterprise AI initiative is critical to success of the modern enterprise. He argues that the winners in every industry will emerge from the AI champions and that focus, talent and the ability to execute are critical to enterprise success.

UPDATE: Thank you for all the feeedback and support. We expect to publish much more very soon.

Michael Zammuto's Column On CIO Magazine's site - Practical AI, Data and Analytics Strategies


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Our CIO.com Blog

CEO Michael Zammuto is blogging on AI, Data and Analytics on CIO.com

We are proud to announce that Cloud Commerce Consulting CEO Michael Zammuto will be featured in a new blog on CIO Magazine’s site called Practical AI, Data and Analytics Strategies. Mike’s column will help technology industry executives and enterprise CIOs who are trying to develop and implement critical strategies in these areas. You can view Mike’s column here and subscribe via RSS to get future updates.


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Artificial Intelligence Strategies for Small Business

How Small Businesses Can Use AI to Outrun The Competition

Cloud Commerce CEO Michael Zammuto recently published an article on artificial intelligence and related technologies. He argues that “AI” is often used an umbrella term for a shift to a digital-first strategy of automation and learning. He provides an overview of Machine Learning, Smart Robots, Virtual Assistants, Speech Recognition, Natural Language Generation and Decision Management as key technologies for most businesses.

 

Michael Zammuto's Business.com article on artificial intelligence

Michael Zammuto’s article on artificial intelligence strategies for small business

Zammuto argues that unlike other major digital technologies, these collectively represent a disruptive force that can move too quickly for companies to safely adopt a fast-follower strategy. he points to Amazon using their data and technology advantages to simultaneously compete in diverse spaces against grocery stores, robotics companies and cloud providers as an example that these technologies can allow disruptive competition to come from unexpected outsiders.

He proscribes a strategy for small businesses to focus on using current analytics and data initiatives to gain operational advantage and then reinvesting that into commercial products like virtual assistants that can easily be adapted to a company. After that, small companies can further develop internal skills and expert connections to make additional, highly targeted and strategic investments.

Zammuto advises focusing on using virtual assistants followed by investments in NLG analytics platform to realize quick cost and performance benefits. with better data capabilities he suggests focusing on a single, potentially transformative, part of the business for another investment. Be the best at that thing, he argues, and gain a focused, impactful advantage in one area. This can be cost, service, product, quality, logistics or other areas but make sure it has the potential to change your position within your industry. This he concludes will start you on a virtual cycle of innovation and differentiated advantage that can make any small business a leader.

The full article is available on Business.com.

 

 


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AI Strategy IS Business Strategy

A New Innovation Model: Amazon Evolved from Books to Cloud and Groceries & Meal Delivery

Data, AI, Automation, Quantum Computing and the Post-PC Revolution

IDC projects that total worldwide data will be 163ZB (that is a trillion gigabytes) in five years. The power to transform our world is locked up, unused and unstructured, in this data. Fully a third of business leaders say they cannot access their own data in meaningful ways, let alone discover all new insights from it.

Michael Zammuto Technology Ecoystem Diagram

Cloud Commerce Consulting Strategic Technology Ecoystem

A strategic cluster of technologies will take a fast-growing flame of human knowledge and accelerate it into a chain reaction, immeasurably larger and hotter than anything imagined today.

Innovation in cloud, data and analytics have lit a fuse. EDM and machine learning added fuel and commercial AI and Quantum Computing will launch self-fueling chain reaction.

Cloud accelerated data, data accelerated analytics, analytics accelerated automation, EDM accelerated analytics, AI accelerates automation. Quantum computing will supercharge the whole ecosystem. 

AI Growth Accelerating Past 300% a Year

Forrester says businesses investment in machine learning and artificial intelligence (AI) will increase 300% in 2017 than in 2016. Current generations of Machine Learning technologies allow us to analyze data at scale and will ’drive faster business decisions in marketing, e-commerce, product management, and other areas of the business by helping close the gap from insights to action.’ AI will be used to automate discovery, experimentation and even coding and further AI. It is a self-fueling technology with no practical limit in scale.

Rose’s Law of Quantum Computing is Moore’s Law on Steroids

Rose’s famed predictions for Quantum Computing tell us that we are about to break Moore’s Law forever. For all our technology improvements, we compute much like we did decades ago. We don’t know when we will get commercial devices that use quantum states in place of binary values. But we know when we do it will change everything. Quantum devices will allow AI to solve problems and innovate, manage data and develop insights at orders of magnitude greater than imagined today.

The End of Tools

Computers, data, cloud services, analytics tools and so on are tools. Better, more powerful, easier to use tools. AI fuels automation and, when hyper-charged with quantum computing power, takes the tools out of our hands. The chain reaction of all this means innovation at speed and scale that will require new terms for measurement.

The Amazon Innovation Model

This means that humans will primarily contribute principles, strategies and vision to the next revolution. Those who don’t focus on building strategy and capabilities now will be left behind. Companies of all sizes and in every industry need to develop a strategic road map. Innovation will come to every industry and from unexpected directions. The model that took Amazon from books to challenge cloud computing and retail food and meal services is the future of innovation. Their strategic competitive driver is data and computing power. They didn’t expand or pivot into new businesses, these businesses were exposed to disruption by anyone who could innovate using this new model.

Contact us today. CCC helps business and technical leaders to develop these strategies and capabilities to ensure more than their survival.


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Michael Zammuto Growth Round Fundraising Getting Tougher

More Startups Competing for ‘B’ Venture Rounds

Citing data from Dow Jones VentureSource, Cloud Commerce CEO Michael Zammuto published a warning for startups. Raising your next round will be tougher than the last round. Zammuto wrote that several trends including the economy, some successful startup exits and seed and venture platforms combined to increase rates of startups. From 2010 to 2015 the rates of seed and ‘A’ round investments more than doubled but “B” and later rounds did not increase. At the same time, startup failure rates dropped to historically low rates. All this supports the premise more startups are launching but failing to get growth funding to scale.

AWS Has Helped More Startups Get Funded

Studies Show a Correlation Between AWS Use and Successful Fundraising

The Cloud is Pushing Down Startup Costs

Research has shown that cloud services, particularly Amazon Web Services (AWS) have led to an increase in seed and early venture funding. This is because cloud providers succeeded in lowering the costs t founder of launching and operating a startup. Shared work spaces, freelancer networks and faster and cheaper development tools and technologies are also lowering costs. The implications of this are that it has become cheaper for a founder and investors to test an idea so we saw a corresponding increase in startup rates.

We have not seen a corresponding increase in the success rates of startups. Venture staffing did not increase substantially so startups got less guidance and VCs are less connected to many of their investments. We have already seen a large drop off in later round funding or successful exits. But we also have not seen an increase startups ceasing operations. This is because this same reduction in startup costs also means lower operating costs.

Scraping By – Not Winning But Not Losing

Seed and A Rounds Spiked 2010 to 2015

Seed and “A’ Rounds Spiked and Dropped Off at Rates Much Higher than Later Rounds

There has been a dramatic increase in the number of under-capitalized startups where the founders struggle to raise funds. Early stage staff have become great at keeping these companies limping along but many are not really progressing. Cloud Commerce Consulting helps firms avoid this trap. First, we can help firms to gain the momentum and validation they need to stand out and succeed in ‘B’ round investments. Second, we can help with  workable, organizational scaling program that transitions the firm from startup to growth mode.

 

Startups are not just competing within their industry against entrenched players and other innovators. They are competing against startups of every kind for increasingly dear venture dollars. You developed a development plan for your product and a marketing and sales plan for your growth, do the same for your fundraising today.