Over the course of building an AI powered Startup, I have discovered along with my co-founder, that the technology can get you a long way, but it’s the data that gets you across, meaning generating your own data is paramount to fully utilizing the tech.
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The hardest part of running a company is people management, the unpredictability of people is simply unparalleled. But if I could offer a piece of advice, it would be something like this. be empathetic, honest but don’t be afraid to protect people from reality.
AstraZeneca (AZN) just received $1 billion from U.S. Biomedical Advanced Research and Development Authority (BARDA) and secured an agreement for US to receive 40% of the whole AZN’s year capacity.
AZN said some time ago that it will be able to produce 1 billion doses if trials are successful.
Interesting that US BARDA funded French pharma giant Sanofi. It seems that will do everything to get most of vaccines at all the costs.
But what does it mean for stock price like AZN? AZN price today (21/05) has fell 1,3% in the morning despite news. Is this a good opportunity? Maybe. As of now it is difficult to know which vaccine maker will be the one. One strategy - diversification amongst several most promising. Another - pick one and hope for best.
AI isn’t the solution for everything!
Most of the time, you don’t need AI AT ALL!
AI is merely one of the technical solutions to tackle our problems.
Problems happened not just because of lack of certain technology. A lot of times, it’s about human cooperation, mindsets, skills, process, governance, or lack of clear leadership... etc.
The very first step before you jump into the question how should I solve the problem: you should always spend a good amount of time on understanding your problem.
You need to ask yourself and the key people around you:
Are you solving the right problem?
What’s the root cause of that problem?
Then, after you have clearer picture about what’s really going wrong, then we can think about what could be the best and most sustainable way to tackle it.