My question regarding the acquisition of Airbase by Paylocity: Joël Collin-Demers, per my comment in this discussion stream, why is this a big move? How will it impact the procurement world as a whole?
Jon W. Hansen 80% of initiatives may be failing but just as many projects are starting (if not more) every year. So it matters in that sense… My wonder is if this acquisition will actually pull Airbase away from going deep on Procurement given the nature/context of the acquirer. – Joël Collin-Demers
My Response:
Joël Collin-Demers, the first thought or image that came to my mind regarding your comment was “laying a foundation on quicksand.” Another thought was building a foundation on a buildup of failed initiatives – either way, the results of any “new builds” will not be good.
Starting new projects will only perpetuate the generational failure of 80% of past, e.g., ERP, SaaS, digital transformation, GenAI, and future implementations.
In the end, technology is not the relevant piece here, so why do organizations continue to lead with tech using an equation-based model? What will make this next generation of solutions work when those in the past did not?
We must stop chasing solutions and start solving problems using an agent-based model – https://bit.ly/3FBnFRr
Otherwise, these mergers and acquisitions will mean absolutely nothing when we have this same discussion five to ten years from now.
However, it might be helpful if these two organizations gave unrestricted access to both long-time and new clients to interview. After all, if they aren’t successful individually, how will they be successful collectively?
Jon W. Hansen – Agree but the fact that the 80% doesn’t change tells us human behavior at scale will not change… No matter how many LinkedIn posts we put out there 😅– Joël Collin-Demers
Joël Collin-Demers So, because failure is inevitable, let’s keep doing the same thing repeatedly. Didn’t Einstein have a saying about that?
How about we stop covering companies that fail to give us transparent and unfettered access to their client base? In our report to the market, we don’t have to disclose who the clients are – just the results. If you think about most case studies, that is what they are doing now – only it would not be the provider alone who selects which anonymous client results they share with the public, it would be us.
That would be a good starting point; otherwise, what we are doing with solution maps, etc., is ultimately useless.
30
Procurement Insights
Are you laying your GenAI initiative foundation on quicksand?
Posted on September 5, 2024
0
My question regarding the acquisition of Airbase by Paylocity: Joël Collin-Demers, per my comment in this discussion stream, why is this a big move? How will it impact the procurement world as a whole?
Jon W. Hansen 80% of initiatives may be failing but just as many projects are starting (if not more) every year. So it matters in that sense… My wonder is if this acquisition will actually pull Airbase away from going deep on Procurement given the nature/context of the acquirer. – Joël Collin-Demers
My Response:
Joël Collin-Demers, the first thought or image that came to my mind regarding your comment was “laying a foundation on quicksand.” Another thought was building a foundation on a buildup of failed initiatives – either way, the results of any “new builds” will not be good.
Starting new projects will only perpetuate the generational failure of 80% of past, e.g., ERP, SaaS, digital transformation, GenAI, and future implementations.
In the end, technology is not the relevant piece here, so why do organizations continue to lead with tech using an equation-based model? What will make this next generation of solutions work when those in the past did not?
We must stop chasing solutions and start solving problems using an agent-based model – https://bit.ly/3FBnFRr
Otherwise, these mergers and acquisitions will mean absolutely nothing when we have this same discussion five to ten years from now.
However, it might be helpful if these two organizations gave unrestricted access to both long-time and new clients to interview. After all, if they aren’t successful individually, how will they be successful collectively?
Jon W. Hansen – Agree but the fact that the 80% doesn’t change tells us human behavior at scale will not change… No matter how many LinkedIn posts we put out there 😅– Joël Collin-Demers
Joël Collin-Demers So, because failure is inevitable, let’s keep doing the same thing repeatedly. Didn’t Einstein have a saying about that?
How about we stop covering companies that fail to give us transparent and unfettered access to their client base? In our report to the market, we don’t have to disclose who the clients are – just the results. If you think about most case studies, that is what they are doing now – only it would not be the provider alone who selects which anonymous client results they share with the public, it would be us.
That would be a good starting point; otherwise, what we are doing with solution maps, etc., is ultimately useless.
30
Share this:
Related