In recent 15 years, technology has evolved faster than before. The democratization of cloud, explosion of AI, availability of connected devices (e.g. 5G, IoT) and recently the launch of Large Language Models are new disruptive innovations.
All of them have triggered a set of untapped business opportunities: Self-Driving Cars, Digital Twins, Autogenerated SW, Decentralized Clinical trials, Personalization at scale and many more.
Although these opportunities have tangible benefits for business and customers, skepticism appeared at start, and it takes a long time to overcome to get mainstream.
These are few examples:
• Initially people were afraid of transitioning to Cloud as information might not be so secured as on premise.
• Deployment of AI was rapidly regulated to ensure information could be decrypted and trusted.
• GDPR in Europe, HYPAA in USA and other protective policies were introduced to control how information is used.
• Deployment of 5G was slow down in many countries to avoid possible exposure to higher radiation.
More recently with ChatGPT, we can see how much excitement exists and suddenly fear people have. E.g. The Italian government banned day after its launch and then introduced regulation.
So why are these disruptive innovations taking such a long time to adopt?
Here are some personal thoughts:
Start establishing education programs, webinars, open communities so people can learn, use, and share their experiences using newer technologies.
Bringing more transparency (Vs additional governance and controls) will help acknowledgment and result in faster use. Build up information lineage and make it accessible for people to see and trace.
Become an actor as we all have a role to play. Establish open access policy and automate data quality. Make it a sexy and an accessible role for people to be willing to be engaged and contribute. Help creating data norms within and across industries, so it is easier for others to adhere.
Hence this is my winning equation: Education X Trust X Data Quality = Rapid Technology Innovation Adoption.
We at Calibo follow this equation to help organizations modernize, satisfy their customers, and deliver business outcomes.
Let me know your thoughts and share with others to engage a conversation.
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