Smartsheet

Here’s one reason to think big and try new things: With AI, the cost of experimentation goes down. This allows business operators to think about risk adjusted returns differently. In the past, certain costs and dependencies have kept many projects from moving forward because teams couldn't get support for the ‘cost of consideration’: the capital required to formulate a compelling (and as importantly, believable) risk-return model for an initiative. Countless solid ideas have failed to graduate beyond the idea phase.  Now, there’s a huge opportunity for businesses to benefit from a new technology. We can now use AI to drive down the cost of research and, potentially, experimentation. More robust research done at a fraction of the cost will help underwrite investments that would otherwise not even receive a second look.   This means individuals, teams, and organizations are in a position to try more things at more reasonable price points. Put another way, they can place a greater number of bets with equal or higher yield. Another thing to consider is whether you have adjusted your mark for what constitutes something being researched well enough to warrant investment. Has your posture been adjusted to the AI enabled world?  What used to cost you $50,000 may only cost you $500 today.  What idea haven’t you funded in the past year because you were still applying an old model to the new world? #AI #innovation 

Headed to SXSW in March? Don't miss the Vox Media Podcast Stage! Sponsored by Smartsheet, the stage will run from March 8 to 10th and feature three days of live podcast tapings from fan favorite shows across the Vox Media Podcast Network including Pivot (hosted by journalist Kara Swisher and entrepreneur Scott Galloway), A Touch More: The Podcast (hosted by world renowned athletes Megan Rapinoe and Sue Bird), Waveform: The MKBHD Podcast (hosted by Marques Brownlee), Networth & Chill (hosted by Your Rich BFF Vivian Tu), and many more. Check out the full lineup here: https://lnkd.in/eP6uwXKN