Is the AI market a big bubble set for bursting? And will jumping on the bandwagon, contribute to the burst?
This a great video by Sky News and worth a watch, exploring the potential of the AI market being a bubble waiting to pop.
It doesn’t matter which camp you sit in when it comes to the AI debate, it won’t take away the fact that AI is here to stay. But what puts the market at risk of becoming a burstable bubble, is companies building AI products for the sake of building AI products.
We at Loopin made this mistake, getting caught in the hype of it all, and deviating off track to a degree, early last year.
But what changed our thinking, was going back to our core mission and the problem that we solve, looking at AI as not something that we need to build and be part of, but instead, invest in how it makes us better at solving the problems we originally set out to solve for our customers.
Loopin aims to understand how people are at work and give them what they want when they need it, across a wide range of people areas. This has and always will be, what we look to achieve.
Where AI comes in for us, is helping our customers and users better understand sentiment data, provide digital coaching, give faster access to learning and training materials, personalise the development journey, and give quicker access to information from across a company.
This can be used to improve well-being, boost engagement, drive high performance and increase operational efficiencies. Core problems that have been, and will always be there.
In my eyes, what puts the market at risk, is too many companies building and deploying AI products for the sake of it and just trying to be part of the 'hype'.
What will make the market stronger, is companies and startups sticking to solving their true problems, and augmenting themselves, using an AI application layer to solution for the problems they solve, even more effectively.
What are your thoughts? Boom or bust?
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#ai #tech #bubble #people
