Transformation Leader @ FIS | Ex-Gartner & Deloitte | Georgia MBA | Former CFL | Chess Enthusiast
Extremely interesting piece by the Financial Times that shows evidence that our own decrease in positive language may be bringing about the decline of global Western power. This has merit in at least a few examples: 📉 Continuous news cycles on economic slowdowns drive people to safer asset classes, thereby slowing down innovation funds and securities. ⚰ Companies that focus on beating their competitors miss out on game-changing innovations by racing to markets where their competition already gained a foothold, thereby further slowing down their growth. TLDR: Focus on dunking the basketball, not how high the fall will be from the rim 🏀
The data suggests that we have shifted away from a culture of progress towards one of worry. Read for free on FT Edit, a daily selection of the best FT journalism.
"FSI Digital Transformation Weekly" Publisher, Advisor, Speaker | Fm American Express, Mastercard, Bridgewater
9moCounterpoint: the slow decay of civilizations coincides with excesses, not frugality or risk aversion. GenAI is basically a glorified ML, and yet the whole world jumped on it, creating trillions of value based on a hunch. If anything, we have companies with too much focus on "innovation" and not enough on fixing basic gaps in the operating model. There is a temporary slowdown in VC funding and a shift to money market funds, but it is normal at the peak of the interest rate cycle.