Episode 257: Mindset, Adaptability, and the Rise of AI in Business with Jay Goldman
Few people stand out as a loud innovator as Jay Goldman in the technology and design space. Not only is he a New York Times best-selling author of The Decoded Company, but he also proudly wears the hats of a Forbes Technology and HBR Advisory Council Member. As the Co-Founder and CEO of Sensei Labs, Jay embodies the intersection of leadership, design, and technology. His passion for reimagining the Future of Work shines through not just in his leadership at Sensei Labs but also in his extensive writings and speaking engagements. From contributing to the Harvard Business Review to enlightening audiences at TEDx and NAS, Jay's insights into the ever-evolving workplace landscape are nothing short of visionary. MINDSET SHIFTS One of the topics I often dwell upon, perhaps to the point of redundancy, is the idea of the mindset shift. Yet, every time I bring it up, the resonance it generates is palpable. The crux of my narrative revolves around the transition from one state of business to another, and the psychological adaptations that go hand-in-hand. Many of us understand the leap from being an employee to becoming an entrepreneur, but the transition doesn't stop there. Stepping up from an entrepreneur to a dealmaker is an evolution in itself. The ability to harness the power of strategic business alliances and mergers is a skill many entrepreneurs don't possess, even if they’ve successfully built their business from the ground up. THE TRAJECTORY OF AI IN THE WORKPLACE One of Jay’s remarks struck a chord with me. He mentioned Mark Andreessen's famous assertion that "software is eating the world." In today's age, especially with the dawn of AI, this statement holds more truth than ever. Interestingly, AI's trajectory hasn't panned out as most had anticipated. Two years ago, the mainstream view was that AI would replace manual, repetitive jobs. Yet, tasks like truck driving, which were expected to be easily automated, remain challenging. On the other hand, areas once deemed safe havens for human intellect, like content creation, have seen AI make significant inroads. IT’S NOT ALL DOOM AND GLOOM The crucial takeaway from this evolution isn't just the changing job landscape or the advent of new roles: The heart of the matter is adaptability. In any industrial revolution or technological leap, some jobs inevitably become obsolete. Still, history shows us that new roles emerge to replace them. It's not about fearing change but adapting to it and leveraging it to one’s advantage. While it's tempting to get caught up in the whirlwind of doom and gloom prophecies about AI replacing jobs, history offers a more balanced perspective. The transition might not always be easy, but the adaptable always find a way to thrive. It's never as black and white as it seems. There’s always a silver lining, a new opportunity, a new role waiting just around the corner. It's up to us to seize it. Check out this article by Jay Goldman on why Portfolio Orchestration is Private Equity’s new superpower to improve value creation: https://www.forbes.com/sites/forbestechcouncil/2023/01/26/portfolio-orchestration-private-equitys-new-superpower-to-improve-value-creation/?sh=7aacc4eb5028 • For my full discussion with Jay Goldman, and more on this topic and others discussed: Listen to the Full DealQuest Podcast Episode Here FOR MORE
ON JAY GOLDMAN:
Corey Kupfer is an expert strategist, negotiator, and dealmaker. He has more than 35 years of professional deal-making and negotiating experience. Corey is a successful entrepreneur, attorney, consultant, author, and professional speaker. He is deeply passionate about deal-driven growth. He is also the creator and host of the DealQuest Podcast. If you want to start getting yourself deal-ready, check out the DealQuest Podcast with Corey Kupfer each week. Featuring industry leaders and newcomers as guests alike, the DealQuest podcast has something for everyone.