Do you know why solution providers insist on using an equation-based model, which results in an 80% ProcureTech failure rate, instead of a proven agent-based model to solve problems?
Because you can’t sell solving problems. Because you can’t package it in a neat and easy-to-understand marketing pitch. Because problem-solving isn’t a scalable product, you can mass market.
Do you know what you can package and sell to a mass market in a neat marketing package? ERPs, SaaS, digital transformation, AI, Generative AI, democratizing data. Over the past several decades, the rate of automation initiative failures has been consistently 80% or higher. In short, we keep doing the same thing repeatedly, expecting different results. You already know what this is called.
What Is An Agent-Based Model
Here is a comment on one of my most recent posts on LinkedIn. The individual just happens to write for publications like VentureBeat, CIO Magazine, and TechTarget:
Based on my success using an agent-based model in the late 1990s – early 2000s, I have written extensively in publications, papers, books, and this blog about why this model is the key to success. To read this blog’s archive on agent-based modeling, click the following link – https://procureinsights.com/?s=agent-based
We are at the early stages of the AI Bubble Burst. By the end of 2025, 75% of all Generative AI solution providers will have gone through absorption, acquisition, or folding. At that point, we will be back at square one. Unlike in the past, let’s finally start using an agent-based model.
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Procurement Insights
Why do solution providers insist on using an equation-based model?
Posted on August 13, 2024
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Do you know why solution providers insist on using an equation-based model, which results in an 80% ProcureTech failure rate, instead of a proven agent-based model to solve problems?
Because you can’t sell solving problems. Because you can’t package it in a neat and easy-to-understand marketing pitch. Because problem-solving isn’t a scalable product, you can mass market.
Do you know what you can package and sell to a mass market in a neat marketing package? ERPs, SaaS, digital transformation, AI, Generative AI, democratizing data. Over the past several decades, the rate of automation initiative failures has been consistently 80% or higher. In short, we keep doing the same thing repeatedly, expecting different results. You already know what this is called.
What Is An Agent-Based Model
Here is a comment on one of my most recent posts on LinkedIn. The individual just happens to write for publications like VentureBeat, CIO Magazine, and TechTarget:
Based on my success using an agent-based model in the late 1990s – early 2000s, I have written extensively in publications, papers, books, and this blog about why this model is the key to success. To read this blog’s archive on agent-based modeling, click the following link – https://procureinsights.com/?s=agent-based
We are at the early stages of the AI Bubble Burst. By the end of 2025, 75% of all Generative AI solution providers will have gone through absorption, acquisition, or folding. At that point, we will be back at square one. Unlike in the past, let’s finally start using an agent-based model.
30
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