The AI Froth
In 2023, investment in Generative AI increased 60%
over 2022, reaching $29 billion. This explosive growth has executives clamoring to integrate Generative AI into their businesses. A recent survey reported that 63% of respondents characterize the implementation of GenAI as a “high” or “very high” Priority, yet 91% of these respondents don’t feel “very prepared” to do so”.
A Sheep In Wolf’s Clothing
Engineering products today is hard: teams are managing greater technical complexity than ever before. A modern luxury vehicle might operate on 100 million lines of code, orbital rockets are built with well over 100,000 parts, and energy platforms can experience 1,000 design changes before deployment.
The Overgrown Corporate
Garden
Many companies are drowning in their own products. These are often outdated or legacy products still for sale, which contribute little to corporate net margins, but which have never been pruned.
Broken Connection
From medical equipment to consumer electronics to energy, established firms across many industries are still struggling to rationalize integrating Connectivity into their products.