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Embracing the Future🚀 The last 18 months have seen headlines across the marketing press dominated by AI and the opportunities it promises for agencies of all sizes. But is it all just hype? The Drum delves into this question, asking agency leaders whether their faith (and investments) have been well placed. Our CIO, Max Lederer, shares his perspective: “For us, AI is a game-changer. It enhances our processes by augmenting human capabilities rather than replacing them. AI drives efficiency, streamlines workflows, and unlocks new realms of innovation. The true power of #AI is harnessed through the synergy of professional services and talented individuals. #Creativity and emotional connections, however, remain inherently human traits. Our strategy involves thoughtful integration of AI and continuous experimentation.” Read more in the full article.🚀  

Agencies have their say on Goldman Sachs’s ‘AI is all hype’ claim

Agencies have their say on Goldman Sachs’s ‘AI is all hype’ claim

thedrum.com

Prof. Peter Kabel

Digital from the outset. Futurist, Consultant, thought leader, speaker, investor and teaching professor. Interested in everything creativeAI. Co-founder of cogniWerk.ai

3mo

The McKinsey report is mainly about planned and already completed investments in data centers and hardware. It is evident that investments in infrastructure always run ahead and that there is a risk that the applications will only grow up later, resulting in disappointments concerning the actual amount. This in no way calls into question the use case of the communications industry and content generation. On the contrary, this application is a real no-brainer in the media environment. Above all, the McKinsey study intends to create corporate sector awareness. The fact that Drum relies on it does not necessarily show clickbait quality, rather than deep insight into the mechanisms. In a scenario with too much Cloud capacity, agencies and media users win because prices fall when there is an oversupply and media use cases become profitable, which is not the case at the current price level.  As always, the short-term effects of digital disruption are grossly overestimated, while the long-term effects are completely underestimated.  In 24 months, supply and demand for cloud will have balanced out and another study will point out the urgent need for GenAI in the industry and Drum will also piggyback on this ;-) 

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