GMIFY’s Post

Wes Nichols, a partner at March Capital, on generative AI and solving problems in a recent episode of The Committed Innovator (Critical Need), stated, ‘The way I look at it is that you need to be solving a big problem. If your solution happens to be powered by AI, great. If it happens to be powered by generative AI, wonderful. But the core issue needs to be there—is this solving a business problem that is a critical need? And is it something that can ultimately be scaled to a global platform?’ So let’s do the unthinkable and brush AI aside for a second and focus on these words, IS THIS SOLVING A BUSINESS PROBLEM THAT IS A CRITICAL NEED? And now let’s shift to panelists, the panel industry and the need for high quality data to be produced by respondents being asked to see an invite in their inbox from a panel company, open it up, be interested enough to do something with it once it’s opened and then have enough focus & engagement to produce data that companies can use to make confident decisions. The business problem that persists is that the respondent experience (from seeing the invite to completing the survey) is lackluster at best and superior data can’t result from it on a regular basis. This business problem was at the heart of our thinking as we began to design GMIFY and yes, it’s a big problem. #mentalhealth #dataquality #marketresearch #insightsassociation #esomar #newmr

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