Fontana: Legacy Software Incumbents Cannot Easily Build Consequential AI Models
Ash Fontana · 20VC: Ash Fontana on The 5 Core Characteristics That Make Data Valuable, What VCs Can Learn From Italian Craftsmen and Howard Marks & The Importance of Vertical Integration In Scaling Today · Nov 18, 2019 · at 9:29
Ash Fontana, Managing Director at Zetta Venture Partners, explains why incumbent software companies struggle to transition into AI-first businesses.
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“If you're a company that's not an AI first company that started sort of before this AI era, you can't really build any predictive models of consequence because you don't have any of that customer data and you have to sort of go back to your customers, renegotiate the contracts, change the way you build your product, collect more data. And hire whole new teams of machine learning engineers to sort of rejuice yourself for this AI era.”
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