Tom BurtonCo-Founder, COO and CTO of LeadSmart Technologies

What happens if #distributors fail to adopt #AI?

Name: What happens if #distributors fail to adopt #AI?
Uploaded: 2024-06-04T14:42:25+00:00
Duration: 47 s
Channel: Tom Burton
Description: Eric (speaker) references an MDM survey indicating AI adoption in distribution lags significantly behind manufacturing. He expresses concern that some…

4 Jun 2024 · 1 min

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0:47

Eric (speaker) references an MDM survey indicating AI adoption in distribution lags significantly behind manufacturing. He expresses concern that some distribution leaders plan to wait for AI to mature rather than adopt now; he relays an anecdote from an AI founder who compared delaying AI adoption to missing the Internet in the early 1990s, implying firms that wait risk obsolescence.

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The MDM published a survey a couple of weeks ago that when comparing AI adoption between distribution and manufacturing, distribution is significantly behind. And so that's a trend that we're concerned about because you know, Tom, to your question earlier about you know, what generations of leaders are at, there's a number of leaders that I've talked to said look, I'm going to wait for this technology to mature. I'm not sure how this is going to impact our business. I was with one of the founders of AI a couple of weeks ago and I kind of posed this to him and he said, said well Eric, let me put it this way. If if in the early 90s I told you about this great thing called the Internet that was going to change your life and if you told me, well, I'm gonna kind of, you know, to wait to see how that all plays out and you and you haven't fully embraced it, your company's dead by now.