Graphic Source: McKinsey & Company (LinkedIn Post)
If you went to a car dealership to buy a new car and the salesperson told you that only 20% of the vehicles, with their latest bells and whistles, would work properly once you drove them off the lot, would you buy that car?
While I haven’t been in high-tech for 60 years, I have been in high-tech and procurement for more than 40 years. The above graphic is accurate, but not for the reasons you may think.
With a bit of wordsmithing, the McKinsey & Company graphic illustrates the early FOMO “jump on the bandwagon” tech adoption rate (Frontier Innovation) and the ultimate initiative success rate (Fully Scaled). Over the past several decades, the generational initiative failure rate has hovered around 80%—some reports suggest that this has increased to 88% during the current GenAI era.
Graphics like the one above have an inherent flaw: They are based on the tech-led equation-based development and implementation model instead of an agent-based model – https://bit.ly/3BQyT6r
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Procurement Insights
To Succeed With Technology, You Must Not Lead With Technology!
Posted on December 31, 2024
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Graphic Source: McKinsey & Company (LinkedIn Post)
If you went to a car dealership to buy a new car and the salesperson told you that only 20% of the vehicles, with their latest bells and whistles, would work properly once you drove them off the lot, would you buy that car?
While I haven’t been in high-tech for 60 years, I have been in high-tech and procurement for more than 40 years. The above graphic is accurate, but not for the reasons you may think.
With a bit of wordsmithing, the McKinsey & Company graphic illustrates the early FOMO “jump on the bandwagon” tech adoption rate (Frontier Innovation) and the ultimate initiative success rate (Fully Scaled). Over the past several decades, the generational initiative failure rate has hovered around 80%—some reports suggest that this has increased to 88% during the current GenAI era.
Graphics like the one above have an inherent flaw: They are based on the tech-led equation-based development and implementation model instead of an agent-based model – https://bit.ly/3BQyT6r
30
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