IT Budget Dollars - AI is sucking the air out of the room
When IBM whiffed today their pre-announce commentary spoke to a larger issue, which is to say that AI is consuming technology budgets.
Companies are looking at their technology vendor spend and if the organization can’t calculate the ROI generated from using a particular vendor, spend with that vendor is a candidate for being reallocated in part to AI.
I think AI spend will change over the next few years. You won’t see engineers token maxxing, but business users will be expected to use the various tools such as Kilby, Claude and GPT. For anyone who has used the AI tools, you know the ROI is significant. Therefore I expect companies to continue to push usage, but more at the business unit level.
I would not want to lead a large legacy organization today and have to try to convince a legacy employee base to use AI tools. Much better to be an AI-centric startup where employees recognize AI as a force multiplier.
For example, I would rather have two full time marketers who are comfortable using AI tools than a team of 10 marketers who are AI illiterate, and are therefore dependent upon over-priced marketing agencies.
Kilby update: we are building backend technology so that users will have even more detail around their token usage and related costs. We want to be as transparent as possible. The spending insights will be even more powerful as we onboard open source models toward the end of the year.
I expect for Kilby to be in the Google Play store and in the App Store soon. Google Play in August, App Store in September. In the meantime, our desktop and mobile web versions are world class: HERE.
Kilby is optimized for the Investment Management industry, but you may ask it anything.