In this articleWil Schroter destroys the myth around secrecy of ideas when it comes to startups. Often this has been the first thing I have heard ‘startup enthusiasts’ talking about – how can we disclose the idea to others – including VCs !
Will they not steal it and ‘execute’ it themselves. I try hard not to laugh at them and tell them that VCs have better things in life to do than going on a ‘idea stealing’ spree and ‘executing’ everything under the sun. To my amazement I have come across even senior folks who are paranoid about ‘protecting ideas’ and insisting upon signing NDAs etc. I hope people realise that almost all successful businesses are built on simple ideas and amazing execution.
Startup is NOT just about an idea! It is almost entirely about execution.
12 years back Deborah Ancona, Thomas Malone, Wanda Orlikowski and Peter Senge authored this article, which remains relevant even today. This one sentence itself makes clear the role of leaders in today’s world:
“In today’s world, the executive’s job is no longer to command and control but to cultivate and coordinate the actions of others at all levels of the organization.”
The article mentioned four key capabilities and the balance between them – sensemaking, relating, visioning, and inventing – and it clearly establishes the relevance for organisations across all sizes.
Gone are the days already when one could stake its claim to a leadership role simply because of background, pedigree or seniority in terms of number of years of experience. With so many young and brilliant minds joining the workforce, equipped with the power of latest technologies and tools, the successful organisations will be the ones which are able to:
Encourage free exchange of ideas
Discard unnecessary paper work and bureaucracy in favor of using web based tools
Facilitate employees in learning more and finding better solutions
I believe the command and control type of leadership emerged because of the generations which grew up in the post world war era because they were in awe of the military might, rightly so maybe. And hence it may have resonated with the generations wherein one was expected to follow orders in an era of rapid industrial growth, post 1950s.
Now, especially post 1990s when we look at the world, it got a lot knowledge driven and now probably more data driven. It means not just the demography but people’s behaviour as well has changed – being knowledge driven means you encourage people to ask questions which is starkly different than a command and control style where you are supposed to follow instructions without asking.
R&D is an economically significant expense for digital companies, much larger than for physical product companies.
A large component of R&D costs for digital companies consists of employee costs for engineering, product management, and information technology personnel.
Digital companies consider product development as a necessary activity to survive. Digital companies must invest in product development to keep pace with the technological progress, competitive offerings, and ever-increasing customer expectations, or fear becoming obsolete in no time.
Digital companies routinely rely on third-party software, algorithms, development tools, cloud services, security and data integrity systems, client monitoring, customer databases, and cross-selling platforms for their day-to-day operations.
Digital companies continuously scout for acquisition targets to obtain readymade R&D and talent teams.
Meet me at National Workshop on Artificial Intelligence in Indian Institute of Science Education and Research (IISER) Pune – happening on 12th Jan 2019.
This National Workshop on Artificial Intelligence is organized by Srijan.
“SRIJAN” is a non- government organization (NGO) working in the field of entrepreneurship development, industry-institute interaction and technology transfer. Srijan aims at providing motivation, guidance and mentoring for the aspiring entrepreneurs with a specific focus on the students of engineering. Srijan was established in 1996.
Mr.Abhay Jere Chief innovation officer, Ministry of HRD, Govt. of India will inaugurate the workshop.
I will be talking about “Building the Foundations of AI” covering what one needs to build such systems, what kind of challenges one must prepare to face and how to combine different pieces of technologies like Deep Learning, Computer Vision, Natural Language Processing, Ontologies, Big Data to get Artificial Intelligence into action.
Date: 12th January 2019
Time: 09:00 AM – 06:00 PM
Venue: Lecture Hall Complex, Indian Institute of Science Education and Research (IISER), Dr. Homi Bhabha Road, Ward No. 8, NCL Colony, Pashan, Pune, Maharashtra 411008 ( Google maps link: https://goo.gl/maps/DQ5YNtGibPm )
We already are witnessing the adoption of drones in all kinds of tasks across industries. I have been wondering about the jobs that this is going to create in future. And this I have been wondering about quite a few kind of jobs which do not exist today or atleast people do not even imagine but they are every much going to be there in very near future – reason why I think this is something I should start posting about.
Which opens up a whole new job category – people who will be able to train eagles (or maybe other birds) in messing up with or destroying the drones. Going further I can even imagine that one trains another bird to launch a counter attack on the destructive bird to protect the drone. The job definitely looks interesting and will require people who can really ‘tame’ and train these birds to achieve the defined ‘goals’.
Earlier today an email from Quora landed in my inbox informing about a data breach.
The mail says:
The following information of yours may have been compromised:
Account and user information, e.g. name, email, IP, user ID, encrypted password, user account settings, personalization data
Public actions and content including drafts, e.g. questions, answers, comments, blog posts, upvotes
Data imported from linked networks when authorized by you, e.g. contacts, demographic information, interests, access tokens (now invalidated)
Non-public actions, e.g. answer requests, downvotes, thanks
Non-public content, e.g. direct messages, suggested edits
Account and user information, e.g. name, email, IP, user ID, encrypted password, user account settings, personalization dataPublic actions and content including drafts, e.g. questions, answers, comments, blog posts, upvotesData imported from linked networks when authorized by you, e.g. contacts, demographic information, interests, access tokens (now invalidated)Non-public actions, e.g. answer requests, downvotes, thanksNon-public content, e.g. direct messages, suggested edits
Public actions and content including drafts, e.g. questions, answers, comments, blog posts, upvotesData imported from linked networks when authorized by you, e.g. contacts, demographic information, interests, access tokens (now invalidated)Non-public actions, e.g. answer requests, downvotes, thanksNon-public content, e.g. direct messages, suggested edits
Had high expectations from Quora but this shows almost nobody is taking security seriously probably because there seems to be no real incentive. Security breaches now seem to be the new normal !
Recently I had the opportunity to speak at DataHack Summit 2018 , which is undoubtedly the best event in India now when it comes to analytics and AI. It was organised by Analytics Vidhya which is a fantastic platform for anybody interested in Artificial Intelligence, Machine Learning, Deep Learning or Analytics in general. There were amazing speakers and 1300+ attendees across industries, experience and regions.
My session was about AI in Drug Development where I took few examples where we at Innoplexus are using AI to help global pharmaceutical companies in reducing the time and effort across the different stages of drug development.
This one slide sums up a decade (2006-2016) of evolution in the areas of data processing, analysis, computing, machine learning and artificial intelligence.
Clive Humby, UK Mathematician and architect of Tesco’s Clubcard, said in 2006 (widely credited as the first to coin the phrase): “Data is the new oil. It’s valuable, but if unrefined it cannot really be used. It has to be changed into gas, plastic, chemicals, etc to create a valuable entity that drives profitable activity; so must data be broken down, analyzed for it to have value.”