The Theory and Practice of Enterprise AI 2nd edition - Book Recommendation

A book that was recommend by a dear colleague as a good reference for AI theory & practice. Definitely too advanced for me (maybe in a couple of years I can fully use it) but it seems it is highly practical, with use-cases that you can test & check in python. You can buy it or download in the below link. Hopefully it will be useful for some of you. Happy readings and practice. “….Advancements in deep learning, reinforcement learning, and generative AI have dramatically extended the toolkit of machine learning methods available to enterprise practitioners. This book provides a comprehensive guide to how marketing, supply chain, and production operations can be improved using these new methods, as well as their use in conjunction with traditional analytics and optimization approaches. The book is written for enterprise data scientists and analytics managers, and will also be useful for graduate students in operations research and applied statistics. The Theory and Practice of Enterprise AI is divided into five parts. Part I introduces the basic concepts of enterprise decision automation, deep learning, generative AI, and reinforcement learning methods. Part II presents recipes for customer analytics and personalization. Part III describes search, recommendations, knowledge management, and media generation solutions that are focused on content data such as texts and images. Part IV discusses methods for demand forecasting, price optimization, and inventory management. Finally, Part V presents blueprints for anomaly detection and visual inspection that help to improve production and transportation operations. Python code examples are provided in the complementary online repository to support the reader's understanding of the implementation details. …” https://www.enterprise-ai-book.com/

- Pedro

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Putting Theory into Practice with Bill Gurley & Michael Mauboussin - highly recommend this podcast

Pleasantly surprised with this podcast with Bill Gurley and Michael Mauboussin. Will definitely follow them from now on. More than a couple of great insights that I got to myself: AI is sustained or disruptive innovation? looks more sustained as it is coming mainly from the incumbents (non-LLMs AI) and they are not getting their eyes from the ball. One should separate AI and LLMs, look like different beasts. New technology and how it impacts companies: 1st wave → helps productivity and efficiency 2nd wave → its embedded in the daily operations and changes how companies work and generate value. How can you increase the margin utility of your customers via network effect or others is paramount to your business The importance of strengthen your WTP and WTS (economies of scale) and then you can capture it via pricing (or you increase the consumer surplus). Pricing power is not the key issue in a company profitability or valuation, instead is if the WTP is increasing every single day to the customer, as Pricing Power is just a derivative of the WTP function (see image below on Value-Based Strategy by Brandenburger and Stuart). Recombination of ideas framework and its importance - how to manipulate the inputs of a production function, mainly on technology & ideas, the residual on the Solow’s economic model, that allows to have a greater output. The number of public companies has shrunk significantly (46%), Would need what is the comparison period. Wright's law to predict cost dynamic →says that for every doubling of cumulative output, your cost per unit goes down by 20% Since 1926 60% of public companies could not earn at least treasury bill rates! 2% of public companies generated 90% of the total value generated in market! My guests today are Bill Gurley and Michael Mauboussin. Bill is a General Partner at Benchmark, and Michael is the Head of Consilient Research for Counterpoint Global. While they are longtime friends with one another, I’d never heard them appear somewhere together so it was a real treat to be able to do this with the two of them. They are two of the leading minds in their fields, and we combined their decades of expertise into one wide-ranging conversation. We discuss the different kinds of increasing returns to scale, the issue of regulatory capture, AI, and hardware. Please enjoy this great conversation with Bill Gurley and Michael Mauboussin. https://podcasts.apple.com/es/podcast/invest-like-the-best-with-patrick-oshaughnessy/id1154105909?i=1000653305035

- Pedro

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Starting -> The Secret Language of Competitive Intelligence: How to See Through and Stay Ahead of Business Disruptions, Distortions, Rumors, and Smoke Screens → Leonard M. Fuld

Starting a new book! The Secret Language of Competitive Intelligence: How to See Through and Stay Ahead of Business Disruptions, Distortions, Rumors, and Smoke Screens → Leonard M. Fuld Explains how to anticipate future competitive threats in order to make prudent business decisions, with helpful advice on how to extract key bits of information from the Internet and other sources, how to verify the accuracy of data, and how to transform raw data into effective, market-based decisions. https://www.goodreads.com/book/show/9875213-the-secret-language-of-competitive-intelligence?ac=1&from_search=true&qid=ybLU0dmhe5&rank=2

- Pedro

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Acabei o livro "Os Ratoneiros" por William Faulkner (avaliação Goodreads 3/5)

Book Rating - 3/5 Os Ratoneiros → por William Faulkner → Resenha em breve Os Ratoneiros, uma das obras-primas de William Faulkner, é um romance que conta a história de três improváveis ladrões, ou ratoneiros, de carros no Mississippi rural, no início do século XX. O jovem de onze anos Lucius Priest é persuadido por Boon Hogganbeck, um dos empregados da família, a roubar o espectacular carro do avô e fazer uma viagem até Memphis. O cocheiro negro, Ned McCaslin, junta-se-lhes clandestinamente e os três «ratoneiros» partem numa heróica odisseia para a qual não estão preparados, uma aventura que os leva do bordel de Miss Reba a uma espectacular corrida de cavalos, onde Lucius tem de levar um garanhão à vitória para reaver o Winton Flyer que Ned trocou pelo cavalo https://www.goodreads.com/review/show/6363429496

- Pedro

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RIP -James Simons

RIP James Simons! (below my 2 months old note on him) https://substack.com/@pedrosantospinto/note/c-51826200

- Pedro

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Winter Starling Murmuration - a wonderful video

Absolutely amazing! How do the birds coordinate themselves with some many nearby. Seat back and enjoy (less than 1 minute)! Watch thousands of starlings swooping in perfect formation in the winter sky. Starling murmurations are one of Britain's greatest wildlife spectacles. Studies suggest the birds congregate in great swirling masses to confuse predators. This was filmed at Ripon City Wetlands, a wildlife reserve managed by the Yorkshire Wildlife Trust https://youtu.be/98ZzHACTy1Q?si=f5S2ba00_9sKOmhq

- Pedro

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Jobs to be done - Great Customer Confidential podcast with Eckhart Boehme & my view on it within the Tire Industry

A great Customer Confidential podcast with Eckhart Boehme related with Clayton Christensen’s framework of “Jobs to be done". This framework (more on it on the below links) is one of my favorites and one I always try to apply throughout my thinking canvas and to my daily job. It can be boiled down on difference of doing the “right thing” or “doing things” right. An example “close to my heart” related with the tire industry that I like to mention is the following: is the tire industry end game to provide tires to cars and its customers or consumers, or is it in the business of providing a safe, reliable and consistent mobility and a privileged data provider to the end-consumer and OE customers on such mobility journey? Depending how you answer that question, you will create a completely different strategy, go-to market and deployment of your assets! Think you know where I stand in this crossroad :-). The 5-step process proposed by Eckart is the following: Determine the project scope - from who do you want to learn the job to be done, Interview and observe - get beyond of what the consumers say to what they actually do, Identify patterns in what you have observed, Prioritized framework - functional & emotional needs Develop solutions - value proposition and promote alignment. Very similar to the scientific method. Invest 30 minutes to listen to this this podcast and couple of more to read the below articles and videos. https://hbr.org/video/5852531897001/know-your-customers-jobs-to-be-done https://youtu.be/BYZmyF8RyhY?si=x_TasvUWNsxInOuA https://youtu.be/Stc0beAxavY?si=x_ozcBkpxHGpnYvN https://hbr.org/product/jobs-to-be-done-2-0-a-framework-for-customer-discovery/ROT459?sku=ROT459-PDF-ENG https://hbr.org/podcast/2020/01/revisiting-jobs-to-be-done-with-clayton-christensen https://hbr.org/2016/09/know-your-customers-jobs-to-be-done What if the key to creating truly innovative products and solutions lies at least as much in uncovering the deep emotional and attitudinal needs of your customers as in mastering technology? Eckhart Boehme, founder and managing director of Unipro Solutions, shares his approach to putting Clayton Christensen’s Jobs to Be Done framework into practical use. Eckhart demonstrates how in-depth interviews with customers and their families can reveal the underlying personal experiences, emotions, and desires that truly motivate people to seek out and purchase products or services. With these insights in hand, companies often uncover fundamentally different needs than they first anticipated, sometimes even opening up new markets or uses for their products. We also discuss Eckhart’s Wheel of Progress model, which he designed to reveal the hidden layers of reasoning behind customer decisions. It provides a systematic way to deconstruct customer narratives and identify the jobs that are most likely to drive customer decisions along their cyclical journeys. Learn how this model segments the customer journey into phases of motivation, decision-making, and action. He brings this all to life with a compelling case study about finding a senior living place for an elderly loved one, revealing a hidden but critical job to be done: giving the elderly parent a sense of purpose. Our conversation also lays bare some common pitfalls when applying the Jobs to Be Done framework, such as focusing too narrowly on functional jobs while missing the bigger picture of the customer's overarching goals and emotional needs. https://podcasts.apple.com/es/podcast/customer-confidential-untold-stories-of-earned-growth/id805009446?i=1000654300531

- Pedro

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