During my mid-20s, there was one popular advertisement that always fascinated me. Iconic Axe deodorant, promising a magical transformation the moment you spray it on. Suddenly, two gorgeous women would be irresistibly drawn to you. As a viewer seeking change in my life, I assumed that this was what I was missing. Of course, we discovered reality was far more mundane. Axe worked fine as a deodorant and did its fundamental job well, but obviously, the promised magic never happened.
This is how I am drawing parallels on how AI is currently being perceived. Many executives view AI as revolutionary magic that will transform business overnight; yet, most organisations are now discovering that, while AI will deliver good value, it is nowhere near the miraculous solution sold to them.
The AI position today aligns with the trend of the early days of the internet boom, when unprecedented investment drove the valuation of technology to new heights. As of today, we stand at a significant junction in technology, where, based on the current trajectory, we can be concerned that the AI trend is drawing parallels with the Dotcom bubble of 2000.
