Christian Friedrich

Picking the right wave is important not only in surfing, but… also in business? Check out the "BCG 2024 Value Creator report" to find why -------------------------------------------------------------------------------- “Winning is about CHOOSING THE RIGHT WAVE at the RIGHT TIME and DELIVERING YOUR BEST on it. The trick is to FIND A BALANCE between having the PATIENCE TO WAIT for the best quality wave while at the same time not waiting too long and POSSIBLY MISSING THE SCORING OPPORTUNITY altogether   ...told me Justyna Sniady, a Polish wave windsurfer (’22 world vice champ) after her recent appearance in World Championship’24 in Chile ------------------------------------------------------------------------------ This is often the case in business as well. My #BCG colleagues from the CFS Team analyzed value creation of Large Caps What struck me in this report is how much the position on the list (and even within the sector, like Technology) seems to depend on the right bet (“choosing the right wave”): (1)  TRENDS (‘WAVES’) COME AND GO -       #metaverse appeared on the #Gartner's hype cycle in 2022 -       AI has been on the cycle for years, with Predictive Analytics, ML, etc - until 2020, when it appeared as #GenAI, reaching the peak in 2023 (2)  PICKING THE RIGHT ‘WAVE’ CRITICAL FOR PERFORMANCE -       NVIDIA (#1 rank in 2024): while it was present with its GPU technology in deep learning for decades - is clearly benefiting from the recent explosion of GenAI -       Microsoft (#26) invested 1bn USD into OpenAI in 2019/2020 and pushed integration of AI tools in MSFT365 -       Meta Platforms (#50 in 2024) bet on metaverse in 2021, with FB massively investing into this space and rebranding itself to Meta (3)  After a company picks the wrong megatrend, the GREATEST DELIVERY HELPS ONLY TO SOME EXTENT: -       Meta Platforms trying to catch up, but still at the bottom of the Top50 list: o  2023 “Year of Efficiency” (massive cost cuts) o  Investments into AI, eg new generation of custom-designed chips (Apr ’24) or introduction of LLaMA in '23 I know - it's much more nuanced, but again.. business is a lot like surfing😉 And.. GenAI seems to be THE WAVE now - the one not to miss! Justyna Sniady thanks for the thought exchange! :) James Tucker Hady Farag Gerry Hansell Alexander Roos Lisa Chiecchi-Elbert Jody Foldesy Julien Ghesquieres Akshay Kohli Martin L.

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I have been making web and digital experiences since 1998. I worked in a leading global digital agency before the dot com crash in 1999. I have seen so much happen in digital business in the last 25+ years. I like open innovation. It is an amazing idea. But open innovation is stuck. There are no large companies, there are no real armies of dedicated consultants, there is no community. It is because open innovation is in its core a digital change but did not embrace the rules of the digital world. There are only few local platforms which seem to be designed by and for academics and consultants, not digital natives. Open innovation also did not penetrate small and medium businesses. If it remains in the realm of multinationals then it will not grow. Multinationals can quickly adopt any new trend if it makes them look good, and as quickly throw it away. They do not commit. For open innovation to succeed, for it to become a global standard of doing business, of innovating, it must follow these simple digital rules. Open innovation must copy what already worked. We solved this in our company: 🖐 www.openos.me ✍ www.openinnovation.me #openinnovation #innovation

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Top 8 Insane AI Tools You Can Use for Free Right Now 1. Pika: AI-Powered Visual Art Creation Pika Pika is an amazing tool for anyone interested in visual art. It leverages AI to transform your creative ideas into stunning artworks. 2. DALL-E 3: OpenAI's Revolutionary Image Generator DALL-E Open Ai OpenAI’s DALL-E 3 takes image generation to the next level. This tool can create detailed, realistic images from text descriptions, allowing users to visualize concepts that were previously confined to their imagination. 3. Blaze AI: Automate Your Workflow Blaze AI Blaze AI is a powerful tool designed to automate your workflow. It integrates seamlessly with your existing applications to streamline processes and improve efficiency. 4. Perplexity: AI-Driven Knowledge Engine Perplexity Perplexity is an AI-driven search engine that goes beyond traditional keyword search. It understands the context of your queries and provides detailed, relevant answers. 5. Claude AI: Your Personal Writing Assistant Claude AI is an AI tool designed to enhance your writing. It provides suggestions for grammar, style, and tone, helping you to craft clear and compelling content. 6. Dream Machine: AI for Creative Projects DreamMachine Luma Labs’ Dream Machine is perfect for those who want to bring their creative projects to life. This AI tool can generate 3D models, animations, and other visual content, making it ideal for game developers, filmmakers, and artists. 7. Flythroughs: Create Stunning 3D Tours Flythroughs by Luma Labs offers an easy way to create immersive 3D tours. Whether for real estate, virtual events, or tourism, Flythroughs provides a dynamic and interactive experience for your audience. 8. Upscayl: Enhance Image Quality Effortlessly Upscayl is a free AI tool that enhances the quality of low-resolution images. It uses advanced algorithms to upscale images, making them sharper and more detailed. Any other tool we missed ?

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𝟐𝟎𝟐𝟒: 𝐀 𝐦𝐲𝐭𝐡 𝐢𝐬 𝐬𝐩𝐫𝐞𝐚𝐝𝐢𝐧𝐠 𝐚𝐜𝐫𝐨𝐬𝐬 𝐭𝐡𝐞 𝐉𝐓𝐁𝐃 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐥𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞: ❌ You can develop breakthrough innovations; ❌ With a few JTBD interviews and a workshop; ❌ That creates predictable and repeatable and 𝘮𝘦𝘢𝘴𝘶𝘳𝘢𝘣𝘭𝘦 success. This is true for: 🤓 Steve Jobs 🤓 Jeff Bezos But most of us can’t 𝘣𝘦 𝘵𝘩𝘦𝘮. ❌ We don’t have a sixth sense that is almost always right ❌ We don’t have personalities that make people want to follow our crazy ideas ❌ We don’t look good in turtlenecks To start building this capability, you simply need to: ✅ 𝐑𝐞𝐜𝐨𝐠𝐧𝐢𝐳𝐞 that there may not be 𝘤𝘶𝘴𝘵𝘰𝘮𝘦𝘳𝘴 to interview - this is about jobs-to-be-done, not products ✅ 𝐑𝐞𝐜𝐨𝐠𝐧𝐢𝐳𝐞 that people have a million ideas … and there are millions of product failures to go with them ✅ 𝐑𝐞𝐜𝐨𝐠𝐧𝐢𝐳𝐞 that identifying the ultimate problem of 𝘫𝘰𝘣 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘦𝘳𝘴 (and not how, when, why, where they interact with your product) is where you find growth … 💯 ✅ 𝐑𝐞𝐜𝐨𝐠𝐧𝐢𝐳𝐞 that while there are no shortcuts to breakthrough innovations. ✅ 𝐀𝐥𝐬𝐨 𝐫𝐞𝐜𝐨𝐠𝐧𝐢𝐳𝐞 that any process can be automated and ultimately obfuscated … and that include innovation processes. And don't get me wrong; ✅ You 𝘸𝘪𝘭𝘭 have a workshop at some point (concept testing, pricing strategy, capability assessment, etc.) ✅ You 𝘸𝘪𝘭𝘭 **talk to a real (potential) customer at some point (the key is when to interview them. I suggest waiting until you know what segment or prioritization group they are in) But this will not do 100% of the job. You do need to find the right problem to solve, but then you need the capabilities to 𝘣𝘶𝘪𝘭𝘥 𝘪𝘵 𝘳𝘪𝘨𝘩𝘵. Don’t put the cart before the horse, and invest in your innovation research capability. #jtbd #innovation #product #service #experience #cx #ux #strategy #problemsolving

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𝗠𝗲𝘁𝗮 𝗷𝘂𝘀𝘁 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝗱 𝗮 𝗺𝗮𝗷𝗼𝗿 𝘂𝗽𝗱𝗮𝘁𝗲 𝘁𝗼 𝘁𝗵𝗲𝗶𝗿 𝗔𝗜 𝗺𝗼𝗱𝗲𝗹, 𝗟𝗹𝗮𝗺𝗮! What's new? Meta founder has made AI the company's top priority. Today, it released a new family of open source models called Llama 3 that aim to keep Meta at the top of the open source competition. But will it be enough? It can handle text, images, and even video, generating outputs in all those formats! It understands multiple languages and can analyze larger amounts of data for better accuracy. Meta claims it can also reason and write code better than previous versions. The initial release is smaller, but the good news? These free versions will be readily available on major platforms like AWS, Google Cloud, and Azure! This is a big deal for developers and researchers who want access to powerful AI tools without breaking the bank. #AI #MachineLearning #Opensource #Meta #Llama3 P.S. What kind of creations will you build with Llama 3? Share your thoughts in the comments!

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WHEN (STRATEGY) SIMPLICITY GETS TOXIC Strategy is complex! Be careful: whoever tells you otherwise may want to steal your watch 🙂 On the other hand, Strategy is based on simple principles and concepts. However, to grasp those, you must beforehand immerse yourself into Strategy's complexity, into its many interrelated processes, logic interdependencies, causal sequencing, and closed-loop adaptation. All these being born from practice or validated by practice. Why is Strategy complex? Because our organizations are complex constructs of people, relationships, processes, driving forces, constraints, and behaviors. When we apply Strategy's simple principles and concepts onto something so complex, the result is ... a complex Strategy. Without being able to explain in requisite detail how Strategy works, without essentials omitted, imbalance accepted, or practice ignored, no one who says that "Strategy is simple!" should be trusted, irrespective of how attractive, plainly explained, nicely drawn & typographed, or exciting to read their stuff may be. It can be toxic and dangerous to you and to your organization. Learn to tell the difference between Simple and Simplistic. Also read: THE SNIUKULATIONS https://lnkd.in/d7GsqTcR A SURROGATE https://lnkd.in/d55DhbpS THE VIRTUOUS GARBAGE CYCLE https://lnkd.in/di4P_KrG WELCOME TO SNIUKAVATICS ... https://lnkd.in/dyyVUaAU THE "MASTER SUPERFICIALISTS" https://lnkd.in/d2jrRnDY THE SO-POPULAR SHALLOW BOILERPLATES https://lnkd.in/dj6JeakU THE "INSTITUTES" https://lnkd.in/dp_ciKRP "NO BULLSH*T STRATEGY" THAT'S EXACTLY THE OPPOSITE https://lnkd.in/dUiiNUkg THE STRATEGY MUMBO-JUMBO MODEL https://lnkd.in/dV5ybtbP STRATEGY VS. PLANNING? https://lnkd.in/dNbPbUT7 STRATEGY VS. STRATEGIC PLANNING https://lnkd.in/dPXmMGhz

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ChatGPT 4o is here, and it's FREE! What does OpenAI's latest release mean for the future of AI pricing? Here's what you need to know: 1️⃣ ChatGPT 4 (code-named "Omni") is OpenAI's fastest and most advanced model yet, and it's available to everyone at no cost.  2️⃣ With this release, the question arises: Is it worth paying for other GPT models like Claude Premium?  3️⃣ This move signifies a larger trend - we're racing towards an era where powerful AI capabilities will be priced at $0. 4️⃣ As computing power becomes faster and cheaper, companies will likely offer more tools for free and monetize through other means, such as API usage or enterprise models. Personally, I'm excited to test ChatGPT 4 against Claude and see which one comes out on top. But one thing is clear: The AI landscape is shifting rapidly, and we're in for a wild ride of increased accessibility and productivity. So, what do you think about this new era of free, cutting-edge AI tools?  Will you be switching to ChatGPT 4o, or sticking with your current favorite?  Drop your thoughts in the comments below! 👇 #ChatGPT4o #ChatGPT #AIContent #AIMarketing #FutureOfAI

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How will #VC #investments in #AI change over time? 🤔 Very interesting figure 📊 from DIGITALSTORM, the newsletter by Dr. Joerg Storm and Paul Storm - thanks for your excellent work! That’s one huge market developing in front of our eyes at PINK CYBER Medical Cybersecurity that will open up with opportunities and sizes no one can imagine, yet…. 🍀 #investinAI #digitalhealth #medicalcybersecurity #PINKCYBER

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does small companies need strategy? here is an adequate and brief answer

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The Science of Strategy Selection: What’s the Best Framework? https://lnkd.in/e-3mKkM3 There are literally 100s of Strategy frameworks. In our Strategy Development Stream alone, we have 35+ frameworks available. With so many tools available, it can be difficult to determine what the right approach is for our organization.  When selecting the appropriate strategic approach, there are numerous important considerations for us to evaluate, including  Corporate Culture ,  Organizational Structure ,  Leadership Style ,  Competitive Positioning , and  Core Competencies , to name a few. To help us with this process of Strategy framework selection, let’s take a look at the  Strategy Framework Canvas (SFC) . The SFC is a unifying choice framework that guides us in selecting the appropriate strategy for the circumstances at hand and execute it effectively. This model is particularly useful for large organizations that are now stretched across a more diverse and faster-changing range of business situations. SFC identifies 5 distinct archetypal approaches to strategy: Classic Adaptive Visionary Leader Renewal Classic Strategy The Classic approach is the most common approach. In this situation, the market is predictable, basis of competition is stable, and strategy is sustainable. Classic strategy is achieved through sustainable  Competitive Advantage  by positioning our organization optimally in an attractive market. Since the basis of Competitive Advantage within these environments is known and non-malleable, advantage can be based on superior scale, differentiation (or, equivalently, scale within a narrower market segment), or superior capabilities. The most well-known Strategy frameworks are the Classics, such as: Porter’s Five Forces BCG Matrix Consolidation-Endgame Curve Adaptive Strategy We use the Adaptive approach when the environment is neither predictable nor malleable. There is continuous disruption in the market. Unlike the Classic approach of sustainable Competitive Advantage, the foundation to the Adaptive approach to strategy is the notion of serial temporary advantage. Within unpredictable and non-malleable environments, the emphasis is on continuous experimentation and real-time adjustment—as opposed to long-term analysis and planning. Because advantage is temporary, we focus on means and not ends. Examples of Adaptive frameworks include: Time-based Competition Temporary Advantage Adaptive Advantage Visionary Strategy We take the Visionary approach when we can reliably create or re-create an environment by some degree of predictability by seeing an opportunity and pursuing it single-mindedly. Visionary approaches are most frequently associated with entrepreneurial start-ups. However, large organizations increasingly need to adopt this approach for themselves, as well. ..

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🎓 Ever wondered how 1960s German philosophy can teach us about Generative AI today? 🌟 Imagine this: You're leveraging AI for your content needs, churning out posts and articles at breakneck speed. But are you losing context, reason, and emotional depth in the process? Here's the deal: Generative AI is fantastic at manipulating content, but it often lacks the nuance and emotional intelligence that truly engages your audience. 🧠 What the 1960s German philosophers knew is that depth and context are irreplaceable. They offer a compelling case for integrating more human touch points into your AI workflows to promote richer, more meaningful engagement. Check this out: Contrary to relying solely on AI, blending human insights with generative AI ensures your content retains its soul while benefiting from automation's speed. 🚀 🔍 Want to know more about striking the perfect balance? Read the full article here: [What Have We Learned About Generative AI From 1960s German Philosophy?](https://lnkd.in/g-6svRbd) 🔥 Don't just consume content; transform it. Share your thoughts below and let’s engage in a conversation that matters. And if you're yearning for deeper content strategies, get in touch, and let’s elevate your game together! 🙌 --- #GenerativeAI #ContentCreation #GermanPhilosophy #AIandHumanTouch

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🤔 9 Best Generative AI Startups (You should know) AI is no longer the future– these startups are making it the present and leading. 🠮 Anthropic (Claude) 🠮 OpenAI (ChatGPT) 🠮 Runway 🠮 Midjourney 🠮 Synthesia 🠮 DeepBrain AI 🠮 Sudowrite 🠮 Plask 🠮 AssemblyAI AI is no longer a figment of imagination, it's a tangible force shaping our world. 📌 P.S. Did I Miss Something? Share your thoughts! 👇 ..................................................... Repost ♻️ to help others Hit the 🔔 to get notified Follow Nitin Mathur 🎨 ..................................................... #GenerativeAI #AIStartups #EmergingTech #ArtificialIntelligence #Innovation #TechTrends #FutureofAI 

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10 out of 10 new products cost more and are harder to obtain than their predicessor. "AGI is not possible at this level of compute..." "It will take years before we become more efficient..." "AI hype..." Meanwhile the field plows forward at exponential rates every week making progress we didn't think would be possible in this short an amount of time. The latest model is not just faster but also less than half of the cost it's predicessor, and takes less than a minute to swap out the API key to obtain it.

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🚀 Unlock the Full Potential of ChatGPT-4o (omni) by QuidAI! 🚀 Discover how to maximize the capabilities of ChatGPT-4o (omni) with our exclusive guide! 📘✨ 🔍 What’s Inside? ✅ Understanding the Basics ✅ Personalizing Your Interactions ✅ Leveraging Contextual Awareness ✅ Multi-Turn Conversations ✅ Advanced Features & Integrations …and much more! This guide is a great quick glimpse to get started harnessing the full power of ChatGPT-4o (omni). Whether you're an AI enthusiast or just starting out, these tips will transform how you use this cutting-edge technology. 👉 Get Your Free PDF Now! Download Below! Why You Should Download It: 🌟 Enhance Productivity 🌟 Streamline Tasks 🌟 Stay Ahead with the Latest AI Features Join the AI revolution with QuidAI and see the incredible difference ChatGPT-4o can make in your workflow. Ready to get started now? DM 'ready!' in the comments! #AI #ArtificialIntelligence #ChatGPT4o #QuidAI #TechTips #AIInnovation #Productivity #FutureTech

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The ChatGPT Mac app is the ultimate screenshot-to-code tool! 📸💻 Screenshot anything, paste it in the ChatGPT shortcut, and tell GPT-4 to code it for you. Watch rowancheung on X turn a Snake Game snapshot into working code in 90 seconds (3x speed). https://lnkd.in/d4GfBvtB #Tech #Innovation #AI #ArtificialInteligence

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OpenAI have released GPT-4o (pronounced GPT 4 oh) and it's rolling out to your desktop soon. This replaces ChatGPT 3.5 as the standard free offer. The paid version offers 5x the access etc BUT you no longer need the paid version to access 'Vision' being able to create images from text and uploaded images or to access the Custom GPT library or a cool new real time interactive voice application. The demo includes a cool example of the voice and vision capabilities, which includes writing down a maths equation and then asking ChatGPT not to just solve it, but to explain the steps how to solve it. Of course the timing for me sucks, as it changes some things I'm using to make my DIY Toolkits as effective as they can be ... As ChatGPT, now GPT-4o will become the base of many things. However, the wins in this version are huge, especially to free users. Hopefully this won't impact the live demo we were going to be doing at IBN inc on Thursday as part of the Marketing Fundamentals workshop, and Friday as part of a members only pre release of the DIY Toolkits Fast Action Quests (FAQ). I imagine the usage rate the next few days will be through the roof as people have a play with these amazing new functions, which can cause access problems. What are you looking forward to playing with to increase your productivity or output? https://lnkd.in/grdKe6KR jump to 4 mins to get into the meat of the presentation. #faqbusinesstraining #diytoolkits #gpt-4o #gpt4o

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18 Experiments to Test a New Product Idea (without losing millions of USD)💸 Credit: Pawel Huryin presented by Guillermo Flor ~~~~~ ♻️Repost to inspire your Startup Network🙏🏻 Interested in Startup Business Strategies, Venture Capital & Fundraising? Let's connect!🤝 LinkedIn: Dr. Michael Tadros Agile | PMP® | cPgM® | BSc. | MSc. | PhD. #startup #startups #michael_theprofessor #startupfunding #startuplife #success #research #partnerships #fundraising #investing #entrepreneurlife #innovation #projectmanagement #smallbusiness #entrepreneurship #entrepreneurmindset #entrepreneur #entrepreneurs #venturecapital #investment

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