How Did the Intelligence of the Artificial Kind Have the Audacity to Exploit the Bottom Line
A long time ago in a business not too far from Duluth, you could say some of it was in Duluth MN.
Upper management gave me the task of installing, training, and supporting computerized cash registers in the restaurants I supervised.
The question they asked by, “Is it worth it?” I knew they were bottom line kinda guys.
My answer was the computers would make good managers better and the not so good managers would waste the opportunity.
Forty years later the same question is being asked.
This is not a story of the latest and greatest. It is the story… well, let's read and find out.
There is still a lot of discussion going on about how to bring new products to the market.
I did a piece a few weeks ago of the opportunity Oil of Olay say to reinvent their product line. They are still at it since they have to retool their entire plan of hiring. Can’t have makeup artists dripping into the cash registers, can they?
New products coming online now are taking advantage of the new technologies in ways the laggards can never capture.
We read in the article I wrote on the Rio Tinto Mines in Australia that all equipment is on-line in real-time.
They build the sensors into each piece of equipment which reports to the managers on how the device is performing, the preventative maintenance tasks that are coming due, and any health issues that may be occurring.
Managers’ time is spent planning and executing strategies rather than checking on which machine is due for a checkup.
That sounds more profitable.
Data being mined aids not only the user but the manufacturer.
How to better meet the customers’ needs, last longer, run more efficiently which saves even more resources.
Companies that are laggards will be laggards forever, at least until they succumb to the early death of laggards. They are not ‘getting with the program’ as we used to say in the Army.
I remember a project. It took two years to complete. I developed a Bill of Materials for a company. That was progressive 15 years ago. But now that company is still mired in old inventory and old sales methods.
The progressive attempt to achieve real cost knowledge and cost savings (profits) which would have accrued are now wasted.
I see this happening to so many businesses I have supported for years. Money and staffing are probably keeping them from modernizing but surely their days of existence are numbered and dropping fast.
These companies have great people working for them. I wonder if the employees know the disservice the owners and managers are doing to their careers.
An Example of Digital Transformation and a Swift Kick
A great example of digital transformation is Amazon. His website changes every three seconds!
If you are a business owner or know of one that can benefit from a swift kick to get motivated, please read any of these books from Harvard Business Study or Store.
Don’t run too far afield. I have several more quick analyses to show you.
Thanks for stopping.
Written by: Craig Martineau
After Space Exploration, Artificial Intelligence and Machine Learning, Neural Networks and Deep Learning are FUN!! I don’t know the coursework but they sure are interesting to see into the future.
I spent yesterday and today building a website to store my blog posts. If you have time some day, please stop by: www.craigmartineauwrites.com. There aren’t many articles out yet but in a few short weeks…