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Mark Stouse

πŸ‘€ Speaker
125 total appearances
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Podcast Appearances

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

FASB is the organization that develops the accounting rules that all companies in the United States use, and particularly public companies, but it goes well beyond that.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

And so when they see that we are FASB compliant, they kind of relax because they understand that we understand their situation.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

We actually do a lot in the fiduciary duty and decision governance areas as well.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

So all of that kind of dovetails together in their minds and it gives them, particularly early in the sales motion, a lot of confidence that they're talking to the right people who really understand what they're dealing with.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

The Masby piece is also really important for marketers.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

I mean, we want marketers and other professional groups to know that we understand where they're coming from too, right?

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

and that we're not trying to sharpen a knife at their expense, right?

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

In the end, one of the wonderful things about causal analysis, causal AI, is that everybody benefits.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

Well, you could reasonably say, how?

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

Well, it shows you what not to do more of, because it's not working.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

And it also shows you where you're absolutely killing it and where you can do more and how much more until you reach a point of diminishing returns.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

So it's not only a kind of like good, not good kind of rubric, but it's also much more refined than that.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

It's saying, okay, how much should you really be doing in these areas to make sure that you get the most value

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

without wasting money.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

And today, that's really super important because money is no longer easy and it's no longer cheap to get.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

And if you don't spend it the right way, the first time, the opportunity cost later gets pretty severe.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

So you're kind of looking at a situation, maybe this is the best way to talk about it, right?

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

So for the last, say, four years, we're seeing a situation where CAC, customer acquisition cost, is actually underreported.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

It's far larger than it's commonly declared as being, and it is growing substantially.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

At the same time,