The Musings Of An Opinionated Sod [Help Me Grow!]

They say this was not because they were doing badly, but because it allowed them – thanks to AI – to be even better positioned to take advantage of future opportunities.

He also said that he suspects most organisations will follow suit in the near future.

He’s not wrong … for many, reducing headcount is the ultimate commercial dream. Which got me thinking …

What will happen when every company is ‘AI’ led/driven/managed and there’s no more employees who can be ‘restructured’ to satisfy the C-Suite and/or share market?

How will companies exist when the people they once sold to, no longer have an income to keep buying their goods? How will companies compete when they all follow the same AI-led protocols, all learned from the same aggregated models and practices? How will companies build value when they’ve turned everything into a commodity? How will companies exist with ‘access per user’ business models, when AI removes the need for users? How will companies justify their price premium when they keep promoting their use of AI lets them do things for less? How will companies build trust and loyalty when everyone knows they’re being outsourced and managed by an algorithm?

One possibility is employees will suddenly be back in vogue … allowing companies to talk about how their products and/or services are now much more personal, hand crafted, and/or curated than their AI competitors. The other is – as many tech bros have suggested – we enter a world of ‘universal credit’ … except no one talks about where that money will come from and who will control the amount of money given to people.

Given there’ll be a lot less money available to be raised from taxes – as there won’t be enough people earning money from jobs – and the wealthy have an incredible ability to avoid governments taxing them appropriately, are we going to be reliant on the ‘generosity’ of the tech companies and should we feel good about that given they value power and control over a healthy society?

However none of this is AI’s fault. We’re now in a world where the obsession for short term results and/or PR headlines means everything is tactics, not much about strategy.

AI is incredible – as is its possibilities and potential – which is why when companies make a big song and dance about how they’re using it to ‘fast track’ growth and efficiencies [read: efficiencies] I can’t help but think it reveals far more about their narrow and limited thinking than the technologies.

What makes it even crazier is how the share market rewards companies for dismantling their operational structure and knowledge …

Oh I get it if you look at it in a vacuum, but not only is this behaviour often a short-term reaction – designed to boost share price at a time where bonuses or evaluations are due to take place … but why are these so called shit-hot analysts not questioning the leadership who put their company in the position of having so many alleged ‘excessive’ staff in the first place.

Because they don’t really care about anything other than the illusion of radical action.

Actions that allow them to say to themselves, ‘we were right’.

Remember Citibank back in 2008?

Forget condemning the leadership who encouraged their people to engage in a level of economic recklessness that contributed to the global financial crisis, and instead, congratulate them for firing 72,000 employees in the name of ‘efficiency management’.

As I said, I am not blaming AI for this, nor am I saying Jack Dorsey is the poster child for this attitude in management. At least in Jack’s case, he is in tech and recognises his own self interest in what he’s doing/publicising. That doesn’t make what he’s doing any better, but it at least explains his actions with more clarity than a lot of companies who have jumped into AI without seemingly realizing [or choosing to be deliberately ignorant] to the longer term implications they’re creating their own company, category and individual role.

Of course not all company leaders are like this – or doing this with AI – and I obviously appreciate it’s a competitive world out there … but to see them viewing efficiency and speed as the only levers that matter [and that is what AI is for] is pretty tragic. Add to that, many seem to have forgotten this technology is still in its relative infancy, so are basically buying into the ‘dream’ of what AI can do – as being heavily pushed by its creators/investors … which helps companies justify their heavy adoption of it, even though many of the C-Suite in those companies don’t have a clue what it is or how it works but just see the financial rewards of pretending they do … and we’re facing the very real prospect of organisations discounting or ignoring the ‘small stuff’, even though that’s what will determine if the ‘finish line’ is positive or destructive. [For more info on this, see my post about the ‘O Ring’]

As a friend of mine said, “it’s like buying a jet to do the school run”.

Mind you he also said, “beware of people selling promises they’ll never be accountable for, but will always benefit from”.

Unsurprisingly, he’s a lawyer.