Richard Canfield argues companies should build custom AI solutions for their own problems first, then turn them into products to sell. He claims AI integration can double team efficiency and create opportunities for industry-changing software.
Chapters
I think this is where innovation is. If you can build a unique AI solution for your company initially. So maybe it's just a better way of you doing things and then you could productize that and then you could sell it to the industry. It's just solving your problem is number one. Or maybe it's a bigger industry problem or something that you can solve. I think AI, it's the new way of doing things, it does things a lot quicker, faster than us. Yes, we still are more creative and make decisions and everything like that, but it's moving very fast. Make sure you're playing with it. Make sure you're thinking about how I can do this. Incorporate it already into your business processes, because then you can make yourself twice as efficient. Now imagine making all your team twice efficient. You get double the amount of output without hiring anybody new. These are the types of innovations that you need to be thinking about. Not just always doing the way it's done, but then there's bigger frames of creating, like software and everything with it that could change industries and be really profitable and really impactful too.