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AI and the Job of an Amazon Seller
AI can remove gaps between sellers, but if it results in exponential seller volumes, it will make it even more difficult to differentiate. ”Today, out of the millions of sellers, some run the business using just Amazon’s own Seller Central, some with Excel spreadsheets, others with external software tools, and others with the help of agencies. AI will not change that overnight. But in the dystopian future, a seller’s job will be telling the AI how much capital they have available, and it will handle the rest. Its outcome will be a weekly payment for sales of products it picked, sourced, and sold.”
Nicolas A. Duerr: Mastering Ecosystems
Nicolas Duerr summarises well the key takeaways from last year’s EY report on how mastering business ecosystems transforms performance:
" 📊 Do you believe that companies can thrive in today's market dynamics on their own? I do not!
Today I walked through a paper by EY. They analyzed 800 business leaders! Here's the summary!
🔢 𝗧𝗵𝗲 𝗸𝗲𝘆 𝗻𝘂𝗺𝗯𝗲𝗿𝘀:
• Ecosystems make up 13.7% of total annual revenues on average.
• High-performing ecosystems outperform low-performing ones, with 1.5 times more cost reduction and 2.1 times more incremental revenue growth.
• Companies with high-performing ecosystems had higher average revenue growth (7.8%) and net profit margin (10.6%) in fiscal year 2020.
• 90% of organizations with high-performing ecosystems take at least three of the following key actions to source, build, and manage their ecosystem relationships.
• 88% of CEOs believe the ability to manage ecosystems will define successful leadership teams.
How AI Can Help Companies Anticipate The Future
Foresight, a set of approaches that help explore, imagine and anticipate the future in an open but structured way, can help identify and explore challenges and opportunities emerging from multiple signals and drivers of change shaping the future. It is also critical to inform decisions and act as a trigger for developing strategic options in a context full of unknowns. Indeed, a peer reviewed academic study found that firms that practice foresight had a 33% higher profitability and a 200% higher market capitalization growth when compared with the sample average.
Yet research also shows that 75% of organizations are not prepared for the pace of change in and around their industry. Many organizations wind up asking themselves why they backed trends that were not sustainable and did not anticipate events like the COVID pandemic and the war in Ukraine.
Martha Boeckenfeld: Embarking on a Revolutionary Journey: Your Roadmap to an Open and Mindful Metaverse
Martha Boeckenfeld summarises nicely the need for an open and inclusive ‘ecosystem’ in the metaverse:
"The Lighthouse report 'The Road to Interoperability' provides valuable insights into the building blocks needed to create a thriving and open metaverse ecosystem.
In a world where the term "open Metaverse" has been highly debated by Big Tech giants like Meta for Business and Apple all working within their *walled gardens", Lighthouse boldly states that the Metaverse, by its very nature, should be open and interoperable. This perspective, deeply rooted in Justine Massicotte 's scholarly research at the University of Montreal and her tenure at Coveo, echoes the sentiments of many industry leaders, including myself."
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