Contracts 365 CEO Russ Edelman recently contributed to Chief Executive with a look at a growing challenge for business leaders: how to make smart technology decisions when the pace of AI innovation means today’s leading model may quickly be overtaken by another.
In “How to Survive AI’s Age of Leapfrog Parity,” Russ Edelman introduces the concept of “leapfrog parity” and explores how leaders can evaluate meaningful advances in AI without getting caught up in the constant churn of new models, features, and announcements.
The AI leader today may not be the leader tomorrow. Rapid advances mean organizations should expect leadership among AI models and technologies to continue shifting.
Not every improvement justifies a change. A newer or better-performing technology needs to deliver enough additional value to outweigh the costs and complexity of switching.
Organizations need a framework for evaluating change. Rather than reacting to every new AI announcement, leaders can establish criteria for determining when an improvement is significant enough to warrant action.
Flexibility is increasingly important. In a fast-moving AI market, businesses can benefit from avoiding strategies that unnecessarily lock them into a single technology or model.
The goal isn't to chase the newest AI. It's to recognize when an advancement is meaningful enough to improve the business and act accordingly.
How to Survive AI’s Age of Leapfrog Parity” in Chief Executive
About the Author
Russ Edelman is the Founder and CEO of Contracts 365, contract management software purpose-built for businesses that run on Microsoft. He is also a frequent contributor to InformationWeek, CIO Magazine, CNBC, Huffington-Post as well as a sought-out speaker in the content and social space.