genioux Fact post by Fernando Machuca, Claude and Bing Chatbot
Lighthouse of the Big Picture of the Digital Age |
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Introduction
The article "Strategy, Not Technology, Is the Key to Winning with GenAI" argues that with generative AI increasingly built on standardized tools from major providers, business strategy matters more than proprietary technology in standing out.
genioux GK Nugget
"When generative AI startups rely on the same basic tools, vision and strategy, not better technology, are what help a company sustain advantage." — Fernando Machuca and Claude
genioux Foundational Fact
As most new AI ventures utilize standardized technology from leading providers like OpenAI rather than build their own, they need to focus on business models, branding, and other strategic differentiation to compete in an increasingly homogenized marketplace.
Top 10 genioux Relevant Facts
Lighthouse of the Big Picture of the Digital Age |
- Generative AI startups should develop strong brands and business models not easily replicated.
- Mainstream AI products will likely become more similar due to common foundations.
- Niche AI innovations may still break through despite standardization.
- Labor mobility will increase as skills in standardized AI tools become more transferable.
- AI provider platforms have significant bargaining power over businesses built on them.
- Firms need strategies to retain employees in complementary roles to AI systems.
- Standardization lowers barriers to enter the AI market for small players.
- Creativity in mainstream AI offerings could be reduced by common tools.
- Using the same bases can make developing AI more efficient for startups.
- Companies should prepare for higher turnover rates among AI talent.
Lighthouse of the Big Picture of the Digital Age |
Conclusion
As access to generative AI expands but reliance on a few providers grows, strategic differentiation will separate winners from the pack more than technology itself. Firms must therefore build strong brands, business models and employee loyalty to sustain advantage.
REFERENCE
The GK Article
Milan Miric, Strategy, Not Technology, Is the Key to Winning with GenAI, Harvard Business Review, December 6, 2023.
Milan Miric
Milan Miric is an Assistant Professor in the Information Systems Group at the University of Southern California, Marshall School of Business¹⁴. He joined USC in 2016 following the completion of his PhD at Copenhagen Business School¹⁴. His work focuses on the “Big Picture of the Digital Age” to extract essential blocks of executive knowledge¹. He is the author of the Harvard Business Review article "Strategy, Not Technology, Is the Key to Winning with GenAI" which emphasizes the importance of strategic planning in leveraging General Artificial Intelligence (GenAI) for business success. His research and teachings contribute significantly to the understanding of the digital age and its implications for businesses and individuals.
Source: Conversation with Bing, 12/6/2023
(1) Milan Miric - USC Marshall. https://www.marshall.usc.edu/personnel/milan-miric.
(2) Milan Miric. https://www.milanmiric.com/.
(3) Milan Mirić - Wikipedia. https://en.wikipedia.org/wiki/Milan_Miri%C4%87.
(4) Mirik Milan - Wikipedia. https://en.wikipedia.org/wiki/Mirik_Milan.
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Source: Conversation with Bing, 11/27/2023
(1) g-f New World - Genioux.com Corporation. https://gnxc.com/g-f-new-world.
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Source: Conversation with Bing, 11/27/2023
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g-f(2)1669 The 10 Most Read genioux Fact Posts of the Month (12/03/2023) |
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Source: Conversation with Bing, 11/27/2023
(1) “genioux facts”: The online program on "MASTERING THE BIG PICTURE OF .... https://blog.geniouxfacts.com/2023/09/g-f21310-genioux-ai-powered-chatbot.html.
(2) genioux facts (g-f) - Genioux.com Corporation. https://gnxc.com/genioux-facts-g-f.
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The categorization and citation of the genioux Fact post
g-f(2)1668 The 10 Most Read genioux Fact Posts of the Week (12/03/2023) |
Categorization
Type: Bombshell Knowledge, Free Speech
g-f(2)1681: The Juice of Golden Knowledge
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