Wednesday, January 5, 2022

g-f(2)787 THE BIG PICTURE OF THE DIGITAL AGE (1/5/2022), Forbes, Jon Nordmark Builds Iterate.ai As Digital Transformation Accelerator


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"g-f" fishing of golden knowledge (GK) of the fabulous treasure of the digital ageDigital Transformation, Digital Transformation Accelerator (1/5/2022)  g-f(2)426 


OPPORTUNITY, Forbes

EXCEPTIONAL “Full Pack Golden Knowledge Container”


AI-powered, innovation software ecosystem and digital transformation accelerator


  • When former hockey player and luggage e-commerce entrepreneur John Nordmark was recruited as a board member for an Eastern European accelerator, he had little idea that the journey would lead to the development of an AI-powered, innovation software ecosystem and digital transformation accelerator for large enterprises called Iterate.ai.
    • By 2015, the company changed its name to Iterate.ai to emphasise its AI-driven curation capability. The platform indexed start-ups by categories and provided a way to grade start-ups based on their capabilities. By pairing these start-up companies with large enterprises, they invented a new way to help companies overcome seemingly intractable challenges. Today, the service has identified some 15 million start-ups in their database.
  • John Nordmark
    • Extracted from LinkedIn
      • * E&Y Entrepreneur of the Year, Rocky Mtn Region
      • * LinkedIn Top Voice after writing 20+ tech articles
      • * Newman Lifetime Achvmt Award | CO Tech Assoc
      • * Co-founder, CEO of Iterate.ai
      • * Co-founder, 10-yr CEO eBags; $1.6B bags sold


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References




ABOUT THE AUTHORS


Bruce Rogers


I am the Managing Director of CXO Research at the Revenue Enablement Institute after spending most of my career at Forbes as Chief Brand Officer, Chief Insights Officer and founder of Forbes Insights and the Forbes CMO Practice. I am the co-author of "Profitable Brilliance: How Professional Services Firms Become Thought Leaders" now available on Amazon. 



Extra-condensed knowledge



Lessons learned, Forbes


Some Golden Knowledge (GK) juice


  • Nordmark: The world has changed from capital being a barrier to entry for a start-up to brains. And smart people can be found everywhere around the world. 
  • His belief in the power of hard work and teamwork goes back to his hockey days when his coach Jack Barzee pulled together a group of players without a superstar among them and some who were cut from other teams to work together to win a national championship. “He made me realize that if everyone just plays their role, everyone gets along well and helps each other and respects each other, you can win in these areas you were never expected to win.” Says Nordmark.
  • The second phase of the business developing “middleware” software to connect legacy systems automatically and easily to new and innovative software came about when they discovered the challenges large companies face when trying to integrate new technologies.



Condensed knowledge




Lessons learned, Forbes

More Golden Knowledge (GK) juice


  • “We would identify these companies that people should work with, and a lot of times the large organisation is so complicated that the start-up isn't really a solution because it has to interact with a lot of other capabilities. Then the second barrier to getting things done is that traditional IT organisations have tremendous resources, but they’re dedicated to things like SAP or Oracle upgrades, just running the business day-to-day. They're working with legacy stacks and they're very complex. It's hard to integrate stuff into them.  Plus, many simply don’t have the skillsets to operate stuff like AI,” says Nordmark.
  • In 2017 they built the first version of a low-code, micro services platform that connected with legacy software stacks that the company claims speeds up software development by 10X. “We think we're the only development platform in the world that can operate low-code both in a prototyping environment and have that same code move into a highly scaled enterprise environment. So, it becomes this layer of software that modernizes the legacy tech stacks of organisations,” says Nordmark.
  • Today, the San Jose, California-headquartered business has some 65 employees and is growing fast. “We grew 284% over the past three years. We’re in the Deloitte 500 fastest-growing companies list. The great thing is more than 80% of that list has VC or private equity backing. We just do it on our own, with no marketing. That means our product is unique, I think, and next year, we'll grow in the 62% range with what's already booked through 2022,” says Nordmark. The company was bootstrapped from the beginning without much in the way of outside investments, apart from some early angel investments.



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  • Category 2: The Big Picture of the Digital Age
  • [genioux fact deduced or extracted from Forbes]
  • This is a “genioux fact fast solution.”
  • Tag Opportunities those travelling at high speed on GKPath
  • Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).
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    • Inherited from sources + Supported by the knowledge of one or more experts.


References


“genioux facts”: The online programme on MASTERING “THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)787, Fernando Machuca, January 5, 2022, blog.geniouxfacts.comgeniouxfacts.comGenioux.com Corporation.


ABOUT THE AUTHORS


PhD with awarded honors in computer science in France

Fernando is the director of "genioux facts". He is the entrepreneur, researcher and professor who has a disruptive proposal in The Digital Age to improve the world and reduce poverty + ignorance + violence. A critical piece of the solution puzzle is "genioux facts"The Innovation Value of "genioux facts" is exceptional for individuals, companies and any kind of organization.



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