Five steps to organizational transformation in equipment finance using AI

Change in business is hard. Creating real and lasting change in business is even harder. But every business knows that change is also inevitable. The current dynamics will change — it’s going to happen. So, during such times, like now, when market forces converge to make change necessary and urgent, leaders need to be prepared and ready to adapt to new economic conditions.

Over the past decade, modular cloud architectures and the associated ubiquitous connectivity that they demand have created a digital fabric that is now fully operational at the socioeconomic level. People – customers, employees, regulators, investors — all operate in a connected mesh of networks and applications that are available anytime, anywhere via the cloud.

The 2023 collapse of Silicon Valley Bank, wherein a majority of depositors moved or attempted to move over $42 billion in less than one day, showed us the new reality in customer management in our connected ecosystem. Never again will a business consider a customer negotiation as a one-on-one, what-you-see-is-what-you-get relationship event. The need to deal with customer urgency in real time is now mandatory.

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Irrefutable Inspiration

  Without data, you're just another person with an opinion.  

W. Edwards Deming, Data Scientist

  If you can’t measure it, you can’t manage it.  

Peter Drucker

  If you can’t measure it, you can’t improve it.  

Lord Kelvin

  There is nothing so useless as doing efficiently something that should not have been done at all.  

Peter Drucker

  Improved productivity means less human sweat, not more.  

Henry Ford

  Strategy is about setting yourself apart from the competition.  

Michael Porter

  Strategy is about making choices, trade-offs; it's deliberately choosing to be different.  

Michael Porter

  The only sustainable competitive advantage is an organization’s ability to learn faster than the competition.  

Peter Senge

  People don’t buy what you do. They buy why you do it.  

Simon Sinek

  The best way to predict the future is to create it.  

Peter Drucker

  What good is an idea if it remains an idea? Try. Experiment. Iterate. Fail. Try again. Change the world.  

Simon Sinek

  A learning organization is an organization that is continually expanding its capacity to create its future.  

Peter Senge

  Anyone who has never made a mistake has never tried anything new.  

Albert Einstein

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