Veloceo

I recently read that "Gartner Predicts 30% of Generative AI Projects Will Be Abandoned After Proof of Concept By End of 2025" - but that's exactly how it should be. Innovation is spiky, it’s unpredictable, and it’s far from perfect. And this is why it's worth pursuing. This is one of my true passion subjects so I wrote this article for any execs out there that think a 30% failure rate is justification for maintaining the status quo.

For those of us who have been eagerly awaiting Australia's response to the EU AI Act, the government's new responsible use of AI policy provides some green shoots of hope that we've moved beyond the 'computer says no' phase. Value creators and those of us who like to innovate fast - which shouldn't be an oxymoron in government or anywhere else - should be mindful of the emergent themes from the policy:- 1. Ethics: “Government has an elevated level of responsibility for its use of AI and should be held to a higher standard of ethical behaviour.” 2. Trust: “Public trust in AI and government’s use of it is low, which acts as a handbrake on adoption.” 3. Transparency: “Agencies must make publicly available a statement outlining their approach to AI adoption and use.” 4. Adaptability: “The policy is designed to evolve over time as the technology changes, leading practices develop, and the broader regulatory environment matures.” 5. Responsibility: “This policy is a first step in the journey to position government as an exemplar in its safe and responsible use of AI.” At Veloceo, we look forward to discussions with our government and GTE clients about how we find the right balance in a world that won't wait. #australia #government #GTEs #veloceo

As innovators, we are constantly trying to push the boundaries. Regulation and red tape only tends to come into peripheral vision (at best) when you're in the throes of trying to make new, cool things happen. But with AI becoming more and more ubiquitous in the enterprise landscape, we need to keep more than one eye on the rapidly evolving regulatory environment. So what should we Aussies be taking from the recent EU AI Act? - Increased regulation is coming here. A matter of when not if. In the early blockchain days it felt pixelated, where regulatory pressure hovered over the shoulder of innovators until the picture sharpened over time. What will AI regulation look like for Australian businesses? Will regulation strangle innovation or will we find the right balance? - By categorising AI based on risk levels, the EU are trying to encourage innovation while safeguarding against potential harms. - Not just humans-in-the-loop but humans to the fore! The EU AI Act places a strong emphasis on protecting human rights and ensuring AI is for the benefit of of society. I liked the quote from the recent Figma conference on this topic: "AI won't take your job, AI will be your job". We can't predict the future, but the EU AI Act is a good starting point for understanding how things are progressing elsewhere and what is to come here in Australia. Let’s shape a future where AI is both innovative and responsible - and where human impact is a primary consideration in our innovation workshops not an afterthought. Veloceo #AI #AIEthics #EUAIACT #Innovation #Technology #Australia #ResponsibleAI #FutureOfWork #Veloceo

Can’t beat a Quarterly Team offsite for getting sh*t done that would never happen in the office! Slow cook dinners, whiskey and pool optional… #hackerhouse #perthstartups

"This is an absolute game-changer. Why isn't everyone building these things right now?" This was the feedback when we recently showed a client how we can leverage our #VeloceoAI platform to integrate an army of AI agents into their workflows. Have we taken the humans out? No - but we've made their lives a lot easier. We've also enabled the client to consider alternative staffing profiles and allocate more experienced employees to higher-value, client-facing tasks (and less time in back of house). Agentic workflows represent a significant shift in how we approach work. Reach out if you would like to explore how they could be leveraged in your business. We love this stuff and would be happy to chat!

Last week, I was lucky enough to attend Config in San Francisco! I met so many wonderful people, scored some sweet Figma merch and watched some pretty inspiring presentations. Here are some things that I learned / inspired me / or made it onto my to-do list: 🟤 Ryan Reid reassured us that AI isn’t here to take our jobs but instead will *be* our jobs.  🟥 Figma’s UI3 launch highlighted the power of simplicity and contextual design. We got a behind-the-scenes look at the designs that didn’t make the cut, thanks to Ryhan Hassan. 🔵 Joel Miller walked us through the relationships between different UI elements and how these relationships were taken into account when designing the new IA. Figma’s feature-rich evolution, although powerful, brought along a lot of clutter, so it was nice to see them stripping things back and placing more emphasis on affordances. “Improving usability while prioritising stability and honouring muscle memory” was a great guiding principle. 🟩 KC Oh’s statement that not all decisions can be snap judgments also struck a chord. Identifying and allowing space for certain design decisions is something I’m eager to be more conscious about. 🟧 Henry Modisett perfectly put into words how we think about AI at Veloceo: “We leverage a lot of AI, but we don’t focus on the AI; we focus on what we can do now for the user because of AI.” 🔷 Jason Yuan reflected on how AI is limited in its ability to express emotion and demonstrated ways of using colour tones and intensity to reflect the AI’s understanding of emotion back to its user - mind blown! 🟥 Samantha Whitmore’s reflection on building trust with AI over time, akin to human relationships (which typically need six months), resonated as we navigate AI’s role in user-centric design. 🔶 Responsive prototypes!! (this got no hype, but it was honestly my fave feature release) 🟩 Insights from Zalando on scaling design systems have sparked ideas on how I could optimise the five design systems I’m currently managing (more modes!). 🔴 Dan Mejia’s prompt to anticipate the next move, “sometimes you need to take the time to live in the future and work backwards so you don’t design for the past”, might influence us into adopting “Future Thinking Spikes” at Veloceo. 🟦 Lastly, Jason Ballard’s 3D-printed homes left me inspired to think big and innovate sustainably but beautifully. I can’t wait to see these homes become mainstream! A huge shoutout to Veloceo for supporting me at Config and accommodating the whopping 15-hour time difference! 🌍

Satya Nadella says that "AI agents will become the primary way we interact with computers in the future." What does he mean by this? You won’t have to use different apps for different tasks. You’ll simply tell your device, in everyday language, what you want to do... and depending on how much of your company's information you have chosen to share with it... the software will be able to launch into a myriad of business workflows with its rich understanding of what you do and how it should be done. In the background, an army of 'agents' are exchanging information with one another, performing the types of tasks in seconds that were previously drawn out into weeks of meetings and analyst work. If you haven't heard of agentic workflows yet, our bet is that you will soon. We see these as a key bridge in the gap between 'toy' AI apps and enterprise AI adoption and value realisation. We will be posting a series of articles and client use cases on this in the coming weeks - we hope they get your creative juices flowing as to how agentic workflows could drive innovation in your business! #AIagents #agenticworkflows #veloceo #perthstartups

😱 “You’ve just given me goosebumps…” We couldn't be more thrilled with the feedback from our client at the final product showcase before going live! 💭 Challenge: Our Financial Services industry client found the traditional process of compiling detailed project reports exceedingly time-consuming and resource-intensive, requiring up to three full days per report. The firm sought a solution to streamline this process, significantly reducing time spent on report preparation whilst maintaining high-quality, compliant outcomes. 💻 Product: We developed a product underpinned by a new intelligent workflow that could ingest client project documents, financial papers and workshop notes, producing contextual outcomes and legislatively-compliant reports based on predefined parameters and lexicons. Results: ⏱️ Operational Efficiency. The product has created an operational efficiency of 75%, with a process that previously took 3 days reduced down to a few hours. 👥 Staffing Profile Optimisation. The client is now able to revise their staffing profile, with more junior team members now able to produce outputs on par with their more experienced colleagues. By reducing the time required to prepare reports by more than 75%, we have enhanced productivity but also enabled the firm to offer more responsive service to their clients. We couldn't be prouder of this result - taking AI from the art of the possible to creating measurable business impact - and we're already planning the next release! Shout out to Jason Paizes our CTO for all his work on this; it was a perfect confluence of platform, product and value architecture coming together to deliver an outsized business goal. #generativeAI #casestudy #veloceo #financialservices #compliantreporting #happyclient

📣 We are delighted to announce the appointment of Ashmit Bhattarai as our new AI Solution Architect. 📣 Ashmit brings a wealth of experience in AI, technology leadership and data engineering – but it is in combining this with a genuine passion for innovation and solving high-value problems for clients that makes him such a great fit for us. In his new role, Ashmit will play a pivotal part in developing our VeloceoAI platform and shaping client solutions in what is a rapidly evolving landscape. His arrival reflects our desire to strengthen the depth of our technical capability – and we’re really excited to explore the solutions we can create leveraging his Generative AI, LLM, Deep Learning, ML, Sentiment Analysis and Predictive Analytics skills. Please join us in giving Ashmit a warm welcome to the team! We can't wait to see all the amazing contributions he will bring to Veloceo. Welcome aboard, Ashmit! Looking forward to creating game-changing solutions together... ✨ #Veloceo #TeamWelcome #GenerativeAI #MachineLearning Martin McGinty Morgan Becker Jason Paizes Aaron Collyer Colm O'Brien

Our team took a break from lots of concurrent work on product discoveries, UAT and Go-live sprints to check out Quiz Room Australia in #fremantle last night. Great team-building venue, even if the tactics deployed by the eventual winner were not exactly core-values-aligned!