IDEAS shared have the power to expand perspectives, change thinking, and move lives. Here are two ideas for the curious mind to engage with:
I.
Sebastian Wernicke on automating insight:
“Machine learning is not equally suitable for all tasks. It performs best when applied to frequent, repetitive decisions or tasks of manageable complexity. At the same time, the limits of machine learning when it comes to tacit understanding ensure that humans will be anything but redundant for the foreseeable future. For any situation requiring careful, nuanced consideration, developing and deploying a useful algorithm often costs more time and effort than it saves. And even when an algorithm eventually performs an operational activity, humans must still plan and manage it, requiring organizations to cultivate the necessary skills to guide the models and set appropriate guardrails.”
Source: Data Inspired: Building an Organizational Culture of Inquiry for Lasting Transformation
II.
Mike Grossman on scope creep:
“No matter how excited and optimistic you are about the business, putting all your eggs in one basket is unsettling. As a result, it’s very tempting to look for ways to diversify. The result is scope creep.
It’s also easy to be fooled into thinking that opportunities adjacent to your primary area of focus are natural extensions of your strategy. But that usually isn’t the case. It may seem counterintuitive, but less really is more. If you want to build a great business, it’s crucial to resist the temptation to spread yourself and the company too thin. Excellence demands focus.”
Source: Failure Is An Option: Reflections of a Silicon Valley CEO
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Look for these ideas every Thursday on the Leading Blog. Find more ideas on the LeadingThoughts index.
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