Dr. Darryl Williams
👤 PersonAppearances Over Time
Podcast Appearances
I have two things. One is the AI stem cells, which is fabulous. The other one is the supply chain as a whole. Georgetown just came out with a great – a great document where they did a test and they found that less than 2% of every manufacturing company in existence, less than 2% knows deeper than two levels of their supply chain.
I have two things. One is the AI stem cells, which is fabulous. The other one is the supply chain as a whole. Georgetown just came out with a great – a great document where they did a test and they found that less than 2% of every manufacturing company in existence, less than 2% knows deeper than two levels of their supply chain.
And so since we go far, far deeper than two levels, we are finding that
And so since we go far, far deeper than two levels, we are finding that
whole world is open and so um as a proof of concept we are looking at commodities because we have the ability now of looking at multiple commodities multiple levels of depth from each commodity and predicting activity in that commodity 12 months in advance we know there's a way of making money with that but we don't have a lick of understanding of what it is we're doing
whole world is open and so um as a proof of concept we are looking at commodities because we have the ability now of looking at multiple commodities multiple levels of depth from each commodity and predicting activity in that commodity 12 months in advance we know there's a way of making money with that but we don't have a lick of understanding of what it is we're doing
So that's just some of the stuff that I put on my chief scientist hat. We just start delving into neat areas that we can use AI.
So that's just some of the stuff that I put on my chief scientist hat. We just start delving into neat areas that we can use AI.
Yeah, the... Primary misconception is that AI is the solution to any problem you may have. There is this thinking that, because I see it numerous times with business pitch decks, is that if they have an issue, if they just sprinkle a little bit of AI on that, that first of all, what that'll do, that'll give them about six months
Yeah, the... Primary misconception is that AI is the solution to any problem you may have. There is this thinking that, because I see it numerous times with business pitch decks, is that if they have an issue, if they just sprinkle a little bit of AI on that, that first of all, what that'll do, that'll give them about six months
of uh leeway from their shareholders because it looks like they're doing something and then the other one is that it's going to solve something and really you've got to get you have to go back to the basics of business what you know your whole SWOT analysis what is your strengths what are your weaknesses you have to know what your problem is before you can apply AI to it AI never solves anything.
of uh leeway from their shareholders because it looks like they're doing something and then the other one is that it's going to solve something and really you've got to get you have to go back to the basics of business what you know your whole SWOT analysis what is your strengths what are your weaknesses you have to know what your problem is before you can apply AI to it AI never solves anything.
AI just makes a solution faster, broader, and deeper. So if you don't have a solution, you're throwing a Band-Aid on a gaping chest wound. It just doesn't work. So I see these people that have... But this is so important.
AI just makes a solution faster, broader, and deeper. So if you don't have a solution, you're throwing a Band-Aid on a gaping chest wound. It just doesn't work. So I see these people that have... But this is so important.
It is, it's AI can free up time if that's what you need. So in your case, so in my case, to do the mapping of supply chains in a bespoke manner, it took maybe three months of solid day in and day out research in order for my analysts who are very skilled to do the actual interpretation.
It is, it's AI can free up time if that's what you need. So in your case, so in my case, to do the mapping of supply chains in a bespoke manner, it took maybe three months of solid day in and day out research in order for my analysts who are very skilled to do the actual interpretation.
So the first use of AI that I use with our algorithms was just doing brute force research and shrinking that timeline from three months down to three days. But you have to know it doesn't replace the business principles that you should have learned.
So the first use of AI that I use with our algorithms was just doing brute force research and shrinking that timeline from three months down to three days. But you have to know it doesn't replace the business principles that you should have learned.
And I hate to keep harping on it, but it comes down to accuracy. Because for a lot of your investments, it's all about the millisecond. And a millisecond, what is it, 100 milliseconds for a single blinking of an eye? But if you're one millisecond later to the market than your competitor, they've made a billion dollars and you've lost a billion dollars. And so accuracy is critical.
And I hate to keep harping on it, but it comes down to accuracy. Because for a lot of your investments, it's all about the millisecond. And a millisecond, what is it, 100 milliseconds for a single blinking of an eye? But if you're one millisecond later to the market than your competitor, they've made a billion dollars and you've lost a billion dollars. And so accuracy is critical.