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Showing posts with the label innovation

How can AI Project Opportunities be validated?

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    Who are the authors? 1.Gianluca  Mauro and Nicolò Valigi cofounded AI Academy, a company that advises on AI strategy and runs workshops teaching the concepts covered in this book. - Through AI Academy, Gianluca and Nicolò have helped companies, ranging from idea-phase startups to multinational corporations, kick-start their AI journeys. 2.Gianluca  has a background in engineering and entrepreneurship. His passion is to use human creativity to explore how technology can build better products and a better society. He thrives to inspire people to do the same by speaking at universities, corporations, and industry conferences. In his free time, he enjoys playing music, practicing martial arts, and lifting weights.(Book Citation) 3.Nicolò likes tinkering with code, robots, and (seemingly) intelligent software. He has worked on the brains of drones, the gears of NASA spacecraft, and helped push bits in self-driving cars. He also regularly presents at inter...

What's RFM?

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 Recommended Reading: 80/20 SALES AND MARKETING BY PERRY MARSHALL Why do I share this book? We must all refresh and rejuvenate our practices. This book is an excellent read that will make you think about your practices and make changes to improve your results and performance. It is critical to understand your business operations, markets, and customer behavior, and to adjust the knowledge you acquire from the book based on your present position, market and business culture. What’s 80/20 rule? 80/20 says 80 percent of your results come from 20 percent of your efforts,and 20 percent of your results come from the other 80 percent. What’s the power of power laws? Power laws are mathematical concepts that drive 80/20 relationships. They suggest that cause and effect are best expressed in powers of ten, and customers' spending power is not in increments but multiples. To understand cause and effect in business, shift your thinking to the Richter scale and powers of 10. In practi...