‘Uncertainty’ is inherent in the nature of Innovation.

But it's important to understand that innovation doesn't necessarily mean inventing something entirely new. Instead, it's about Creative Destruction, that truly unleashes the power of an organization by focusing on continuous improvement in all aspects of the business.

Innovation is a never-ending cycle, and product market-fit is constantly evolving. To stay ahead, organizations need to keep rethinking, refining and redefining their solutions.

CREATIVE DESTRUCTION is front and center to the true innovators culture. It’s the mechanism by which innovations continually displace existing technologies and ways of doing things (... get the job done). New organizations, new products and new jobs continuously replace obsoleted ones ... the new destroys the old.

AI Development is the emerging phenomenon of the current Innovation Cycle.

ARTIFICIAL INTELLIGENCE is on the cusp of creating autonomous, self-sustaining digital enterprises that can interact with humans seamlessly. The use cases for AI are vast, from business and consumer applications to customer relationship management, digital health, financial info systems and automated software engineering.

AI presents a momentous opportunity for humanity … IF employed intelligently.

“This is a moment of choice and opportunity. It could be the best 10 years ahead of us that we have ever had in human history or one of the worst, because we have more power than we have ever had before.” — Erik Brynjolfsson, MIT

As AI technology continues to develop, evolve and penetrate into many aspects of our lives, the opportunities are endless. But at the same time, these developments raise important policy, regulatory, and ethical issues, that need to be better understood and addressed due to the major implications it will have on the humanity as a whole.

In 2011, Marc Andreessen coined the phrase “Software is eating the World”. But now:

AI is eating the Software ( … as AI is increasingly powering the Software we use)

In conclusion, Creative Destruction is essential for businesses to stay ahead of the competition and is critical to the capitalist economy. While there are risks associated with innovation, businesses must engage in a continuous cycle of discovery, validation, development, registration, and commercialization to create and deliver value.