If I set out on my interstellar journey with today’s technology, it will take 200 years to get there. If I wait 20 years for technological breakthroughs, that journey might take 14 months.
Should I wait, or set off today?
This is the ‘Wait Calculation’.
And it's a hard choice, as very few of us are prophets.
Looking at AI - FOMO may urge us to set off today. And there are advantages to being a first-mover ‘category creator’. Once established, category kings are notoriously difficult to dethrone.
There are, however, advantages to being a fast follower. You get to see the failures of those who go before you and implement newer technology.
For me with AI, I favour the ‘have faith, but keep my powder dry’ approach.
Learn what you can to try to see around the corner, and prepare yourself and your organisation to be positioned as best as possible for increasingly rapid continuous technological innovation waves.
Very often all we can do is the ‘next right thing’, based on our current incomplete knowledge.
And that's okay.
#ai #innovation #productmanagement