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Podcast: The Cloudcast (.net) - Weekly Cloud Computing Podcast
Episode:

Higher Quality Outputs are Expected
Category: Technology
Duration: 00:22:15
Publish Date: 2023-07-16 05:00:00
Description:

Higher interest rates, fragmented platforms, WFH uncertainty, VC funding declines, generational blending and technology shifts are going to force a new level of quality to be demanded by businesses. 

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“THAT’S A ZERO INTEREST RATE PROBLEM, BRO!”

  • The power dynamics have changed and continue to change (money, location, communications, etc.)
  • Dumb money is getting harder to find, hence ideas need to be better and execution needs to be better

EXPECTATIONS OF HIGHER QUALITY ARE GOING TO RISE SIGNIFICANTLY

  • The unicorn boom of 2020-2022 will face a reckoning by the end of 2023 or mid-2024
  • VC funding is getting harder to obtain 
  • Higher interest rates are going to create higher (internal) hurdle rates within companies
  • Social media channels are fragmenting
  • Working collaboratively is getting more difficult because of both WFH fragmentation and generational fragmentation
  • Collaboration will be needed to teach what is expected and acceptable
  • AI is going to create a new level of “commodity” of tasks and product capabilities
  • Customers are going to have new pricing power as they watch vendor sales slow down


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