Last year, I argued every company would need an AI strategy because AI would infuse most products.
But, I missed an important concept in the post.
Talent. In the last year, AI experience has become a status symbol on a resume & a path to materially higher salaries.
I’ve spoken to many executives seeking their next role. “I’m looking for a role in an AI company” is a refrain in every conversation.
There are many reasons for this :
- AI is the fastest-growing part of software. AI startups are richly valued & will make appealing M&A targets & IPOs in the near future.
- Expertise in the current wave is relevancy. Sustaining relevancy over decades is critical to a long-term successful career. Without that relevancy, the leap to the next wave will be that much harder.
- People are curious. AI is new, exciting, not well-understood. Learning new skills, new markets, new products is particularly alluring.
Most companies today are just starting to plumb the depths of AI : the applications within the company for internal productivity & deploying it externally.
The surface area for innovation is staggeringly large, which means opportunity & career progression : a magnetic pitch to ambitious candidates.
When technology waves crest, they cycle through a euphoric phase & then a trough of despair/disillusionment. Deriding AI as just another one of these, & anticipating the trough is logical.
A compelling AI story is important to remain competitive both in the commercial market with modern products & to vie within the talent market.
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- Source: https://www.tomtunguz.com/ai-strategy-hiring/
