Episode transcript The transcript is generated automatically by Podscribe, Sonix, Otter and other electronic transcription services.
Hello everyone. Welcome to the 5 Minutes Podcast. Today I like to talk about a Twitter post from @heybarsee that I saw at the end of last week, and he said, In the past seven days, more than 360 new AI applications were developed. And when I read that, I said, you know, this is about 50 apps per day. And on his tweet post, he put all the, you know, I would say, the 30 most important or something like that. But it's just crazy. And this makes me remember 1998, 1999. I know that many of you that are listening to this podcast at that time was still a child or not even maybe born. But I was starting my career, and I saw that happen with the dot-com bubble. You know, everybody created a new website. Few people became, I would say, multi-millionaires with that. Most people lost everything, and I can't see something similar. And it's almost the same pattern. It's like, you know, the gold rush. It's like the Wild West. There is a massive look. Let me repeat a massive opportunity in artificial intelligence. There is a massive Chatgpt that was just the tip of the iceberg that everybody starts seeing and said, Wow, what is coming here? However, what is happening today is not normal. It's not normal. It seems that I'm a part of a group that studies startups and innovation in startups, and during our last meeting something like ten days ago, the facilitator said one thing that I just loved; it said, out of 100% of the new startups, 110 are using AI. Now everybody, if you don't use AI, you don't get funding, you don't get anything.
But remember one thing out of these 360 or maybe the new 50 that was just created today, there is a minimum chance that maybe one, maybe if I'm very optimistic, two will survive and thrive out of this, the vast majority will be just a waste of money, investors, money, and also the energy of young, brilliant people. And what concerns me most is that people tend, when they fail to put the failure on top of something. And I bet that many people will put this into this Agile mindset, Agile methodology. And this is so unfair because for me, for example, I have worked with Agile for about, I would say, maybe 15, 16 years. I did my certification almost 15 years ago, and I love Agile, but Agile is one thing. Go horse and do nothing is a different thing. Don't think that, you know, let's scrap all paper, let's scrap all discussions. Let's scrap everything that you are doing, some sort of planning or delivery approach. This is not true and not fair. And when things go wrong, they will say haste makes waste. And I'm 100% sure of that. Just wait, and you will see this happening. And I would say half a year, maybe nine months, we'll see that happening. And look, Agile is a wonderful tool for you to develop AI projects for you to work with technology. And probably I would say it's the best one. It's the best one. However, if you think that being agile is releasing at any cost or selling bread that is not baked and imagines that people will eat it and feel the same taste of well-cooked bread, this will not happen.
This will not happen. Garbage in, garbage out. So what is my suggestion to all of you? Just give one step back because it's not only getting to the market quickly, but it's getting to the market with the right product that will really leverage your business to understand this benefit and this approach. And this is what matters. You know, today, everybody is putting all sorts of sorry for saying that crap and calling it an AI and buying an AI domain and doing that. And I have seen that happen many times in technology. Ai is the most amazing thing I have ever seen. For me, since the iPhone and since the beginning of the web, I'm not so young anymore. But you know, if people do not read this extremely well, what they will see is the enormous, gigantic destruction of wealth everywhere. Everywhere. So think always about that. And let's never, ever blame, for example, if the bridge collapsed and say, Oh, the bridge collapsed, it's because I use Microsoft Project, or it's because I use the PMBOK sixth edition, or it's because I use PRINCE2. This is not fair, and it's not true. The real reason, it's that while using this kind of delivery approach, you did not think true in all the challenges, all the volatility. So the failure is on you. It's on me and not necessarily on the tool you use. It's like you, for example, hurting yourself with a knife and blaming the knife and not blaming your hand that was holding the knife. Always think about that, and I hope you enjoyed this podcast. See you next week with another 5 Minutes Podcast.