Someone was kind enough to send me the following link to a podcast titled “25 AI Questions for 2025.”
Hosted by Mike Kaput and Paul Roetzer, the person who sent it to me said after listening to Paul, “I don’t think most people realize the significant impact AI is going to have on business and everyday life.” If memory serves me, there was something about getting on the bus or getting left behind?
Over the next few days, I will listen and re-listen to Mike and Paul’s podcast. In the meantime, here are my initial thoughts regarding the concerns about missing the bus.
The FOMO Calculation
Having lived through many decades of life-changing technological breakthroughs, I remember well when televisions had tubes and rabbit ears, and word processors were completely separate units from personal computers.
Does anyone also remember the Apple Mac when it first came out (or the Apple Lisa before it)? The Apple tagline was “finally a personal computer for the rest of us.” But at the time, was it really for the rest of us – especially compared to the price of an IBM personal computer.
How about the introduction of the first calculators?
“However, the most notable early handheld calculator often referenced is the HP-35, developed by Hewlett-Packard and launched in 1972. Price: Approximately $395 USD at the time (equivalent to about $3,000 in 2024 dollars due to inflation).
These calculators were initially marketed to professionals (engineers, scientists, accountants) who could justify the cost for the productivity they offered. Over the next decade, prices dropped dramatically as the technology became more widely adopted and manufacturing processes improved.”
Last year, I purchased a scientific calculator at the Dollar Store for $4.85. It seems to work fine for my son in High School.
Reading the above and considering what has happened with almost every technological breakthrough over these many, many years, the words that stand out the most are, “Over the next decade, prices dropped dramatically as the technology became more widely adopted and manufacturing processes improved.“
Jumping on the AI FOMO bandwagon outside of an agent-based model framework for fear of missing out at this early stage makes absolutely no sense.
In short, don’t buy the technology for what it can do – buy it for what YOU can do with it both now and in the future.
30
EDITOR’S NOTE: some people contacted me to see if I was alright because I haven’t been active on this blog or social media this past week. No worries, I was battling a bug and decided that the best way to get better was some much-needed R&R.
After the new year, I will be back with renewed energy.
I wish everyone the Very Best for this Holiday Season and a healthy and prosperous 2025.
Procurement Insights 
AI Is Not The Boss Of Me!
Posted on December 28, 2024
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Someone was kind enough to send me the following link to a podcast titled “25 AI Questions for 2025.”
Hosted by Mike Kaput and Paul Roetzer, the person who sent it to me said after listening to Paul, “I don’t think most people realize the significant impact AI is going to have on business and everyday life.” If memory serves me, there was something about getting on the bus or getting left behind?
Over the next few days, I will listen and re-listen to Mike and Paul’s podcast. In the meantime, here are my initial thoughts regarding the concerns about missing the bus.
The FOMO Calculation
Having lived through many decades of life-changing technological breakthroughs, I remember well when televisions had tubes and rabbit ears, and word processors were completely separate units from personal computers.
Does anyone also remember the Apple Mac when it first came out (or the Apple Lisa before it)? The Apple tagline was “finally a personal computer for the rest of us.” But at the time, was it really for the rest of us – especially compared to the price of an IBM personal computer.
How about the introduction of the first calculators?
“However, the most notable early handheld calculator often referenced is the HP-35, developed by Hewlett-Packard and launched in 1972. Price: Approximately $395 USD at the time (equivalent to about $3,000 in 2024 dollars due to inflation).
These calculators were initially marketed to professionals (engineers, scientists, accountants) who could justify the cost for the productivity they offered. Over the next decade, prices dropped dramatically as the technology became more widely adopted and manufacturing processes improved.”
Last year, I purchased a scientific calculator at the Dollar Store for $4.85. It seems to work fine for my son in High School.
Reading the above and considering what has happened with almost every technological breakthrough over these many, many years, the words that stand out the most are, “Over the next decade, prices dropped dramatically as the technology became more widely adopted and manufacturing processes improved.“
Jumping on the AI FOMO bandwagon outside of an agent-based model framework for fear of missing out at this early stage makes absolutely no sense.
In short, don’t buy the technology for what it can do – buy it for what YOU can do with it both now and in the future.
30
EDITOR’S NOTE: some people contacted me to see if I was alright because I haven’t been active on this blog or social media this past week. No worries, I was battling a bug and decided that the best way to get better was some much-needed R&R.
After the new year, I will be back with renewed energy.
I wish everyone the Very Best for this Holiday Season and a healthy and prosperous 2025.
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