Innovation, as we know it, has shifted. Business founder Joe Procopio, writing for Inc., offers his observation:
The business landscape is undergoing a drastic transformation, and whether you're an entrepreneur, technologist, or simply someone innovating within a company, the rules of the game have fundamentally changed. It seems that innovation has taken a backseat to the AI hype.
AI's rise is undeniable, with generative AI, machine learning, and AGI capturing billions in venture capital. This intense focus has drawn resources away from other crucial, though less glamorous, areas of innovation. As VC funds concentrate on AI, many investors from the post-pandemic boom have shifted to safer options, reducing support for diverse tech solutions. The takeaway? Competing directly with AI may not be wise. Instead, innovators can find opportunities by moving beyond the AI trend and focusing on unique, valuable niches.
Procopio suggests that today's innovators need intellectual honesty—a rigorous, evidence-based approach to business. This means evaluating ideas objectively, relying on data, and making fact-based decisions. In a world where AI handles many tasks, intellectual honesty becomes a competitive edge. Therefore, embracing intellectual honesty is going to be a core skill.
This story is from the December 28, 2024 edition of The Philippine Star.
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This story is from the December 28, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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