What is Digital Labor? #innovation #automation

Several things put me in a unique situation to learn. One is teaching at a University. I hope it doesn’t seem odd that when I teach I learn. There is a lot of preparation and the University gives me access to some great minds and thinking. The other is my level of travel. I go to all of the big cities in the US at least two to three times a year and I get to explore those sites.

OK?

Traveling and teaching came together this spring in order to attach an interesting phrase to something I had been working on… Digital Labor.

Teaching

In my class, Entrepreneurship, I like give the students tangible evidence that they are being innovative. Innovation is one of those things, especially at a university, that get used and over used to the point that people really don’t know what it is but are afraid to admit it. I wanted to break that cycle by using principles like jumping curves and creative destruction. Jumping curves is something I learned from Guy Kawasaki. The idea is if you listen to your customers on innovation you will make marginal improvements. If you are truly innovative you will make gigantic improvements like going from the ice factory to the in home ice maker or the flip phone to the smart phone or my favorite today (with 90+ degree weather) the hand-held fans to indoor air conditioner. Creative destruction is the improvements in the work world that makes tasks or even entire jobs obsolete. These principles are proof that innovation is in action.

Travel

On a trip to NYC I stop into a cigar shop and had a seat knowing that I would meet a kindred spirit for a smoke and a conversation. It always happens and the conversation are positive and it helps me forget how homesick I am. I struck up a conversation with business man and he asked me what I do. I told him I help companies automate their accounting process. He got a very pained look on his face and I said, “do you know about automation?” He said “I sure do” because he started a consulting practice to help businesses consume more automation. Now we are new best friends and for the next two hours engaged in all kinds of conversation on automation. Part of that conversation had him schooling me on the idea of a digital labor force and his unique perspective on how it would impact jobs in the future.

What is it?

It’s simple in principle and complex in application. The idea of digital labor is to put software into as many manual task as possible. The problem comes in (thanks to Hollywood) that if you do this the software will somehow take over and humans will be left without work. In my own business the net effect are people are willing to sit at a computer terminal and do data entry when that is completely a waste of time. The application of digital labor is to make the workforce smarter with higher paying jobs. This has played out over the centuries from the secretary pools of the seventies and eighties to female CEOs and hundreds on an assembly line to highly skilled engineers monitoring robotics. The future will continue like this and my hope for people is they not focus on what they think they are going to lose and focus on how they can better themselves.

About The Author:

Christopher Elmore has written 8 books, countless articles, lectures at UNC – Charlotte and travels around the country speaking on the topics of startup success, sales, presentation skills, change, entrepreneurship, accounts payable and payment automation. Having deep startup and entrepreneurial experience, Christopher was one of the six people who started AvidXchange in 2000 and continues to work in the business today. If you hire Christopher to speak or teach at your company or event… you won’t be sorry! Request a media kit or contact us for more information

The Tenet of Creative Destruction and Its Role In Innovation – #innovation #entrepreneurship

Innovation is one of those terms that people through around way too much. It’s like success and goal setting or even love. One of the things that I stress to my students or anyone that will listen to me is, “How do you know you are being innovative?”

Answer

The simple answer that people give me is they don’t know… People (it’s in their nature) have a very difficult time determining between an idea they personally like (especially if they have launched the idea and are following their dreams) and an idea that is truly innovative. That’s where creative destruction comes in.

Destruction

The term was developed by an economist in 1942, Joseph Schumpeter and brought to my attention by  Freakanomics radio (http://freakonomics.com/2009/03/13/creative-destruction/ ). The basic tenet of the idea is that innovation will replace either tasks or entire jobs. On the outside of this idea it looks like robots and technology is taking of the world. Well… maybe not the world but in the short-term the downside to creative destruction is that people lose their jobs. However, when these jobs are lost the tasks and jobs that replace them are always better with a higher pay and better working conditions. I was talking with a group of college interns last week and in an effort to make my point, because they weren’t too excited about being innovative and people losing their jobs, I made the point that by the simple fact we were all sitting in this room (air-conditioned when it was 90 degrees outside) talking about ideas and me trying to motivate them to business success that we were living the overt positive outcome of creative destruction. I asked them, “what do you think you all would be doing if it were 100 year ago…” I didn’t let them answer and I said, “no, how about 50 years ago?” (there was any easy argument for 15 years ago). After a slightly longer than expected pause someone said, “we wouldn’t be here”. Which is true. Most would be working in fields or a factory and the lucky few would have been in an office doing manual labor. That’s creative destruction.

Point

The more destructive the idea, business or product the more innovative. Creative destruction is a measuring stick of innovation.

 

About The Author:

Christopher Elmore has written 8 books, countless articles, lectures at UNC – Charlotte and travels around the country speaking on the topics of startup success, sales, presentation skills, change, entrepreneurship, accounts payable and payment automation. Having deep startup and entrepreneurial experience, Christopher was one of the six people who started AvidXchange in 2000 and continues to work in the business today. If you hire Christopher to speak or teach at your company or event… you won’t be sorry! Request a media kit or contact us for more information

 

What is Digital Labor? #innovation #automation

Several things put me in a unique situation to learn. One is teaching at a University. I hope it doesn’t seem odd that when I teach I learn. There is a lot of preparation and the University gives me access to some great minds and thinking. The other is my level of travel. I go to all of the big cities in the US at least two to three times a year and I get to explore those sites.

OK?

Traveling and teaching came together this spring in order to attach an interesting phrase to something I had been working on… Digital Labor.

Teaching

In my class, Entrepreneurship, I like to give the students tangible evidence that they are being innovative. Innovation is one of those things, especially at a university, that gets used and overused to the point that people really don’t know what it is but are afraid to admit it. I wanted to break that cycle by using principles like jumping curves and creative destruction. Jumping curves is something I learned from Guy Kawasaki. The idea is if you listen to your customers on innovation you will make marginal improvements. If you are truly innovative you will make gigantic improvements like going from the ice factory to the in-home ice maker or the flip phone to the smartphone or my favorite today (with 90+ degree weather) the hand-held fans to an indoor air conditioner. Creative destruction is the improvements in the work world that make tasks or even entire jobs obsolete. These principles are proof that innovation is in action.

Travel

On a trip to NYC, I stop into a cigar shop and had a seat knowing that I would meet a kindred spirit for a smoke and a conversation. It always happens and the conversation is positive and it helps me forget how homesick I am. I struck up a conversation with businessman and he asked me what I do. I told him I help companies automate their accounting process. He got a very pained look on his face and I said, “do you know about automation?” He said “I sure do” because he started a consulting practice to help businesses consume more automation. Now we are new best friends and for the next two hours engaged in all kinds of conversation on automation. Part of that conversation had him schooling me on the idea of a digital labor force and his unique perspective on how it would impact jobs in the future.

What is it?

It’s simple in principle and complex in application. The idea of digital labor is to put software into as many manual tasks as possible. The problem comes in (thanks to Hollywood) that if you do this the software will somehow take over and humans will be left without work. In my own business, the net effect is people are willing to sit at a computer terminal and do data entry when that is completely a waste of time. The application of digital labor is to make the workforce smarter with higher paying jobs. This has played out over the centuries from the secretary pools of the seventies and eighties to female CEOs and hundreds on an assembly line to highly skilled engineers monitoring robotics. The future will continue like this and my hope for people is they do not focus on what they think they are going to lose and focus on how they can better themselves.

About The Author:

Christopher Elmore has written 8 books, countless articles, lectures at UNC – Charlotte and travels around the country speaking on the topics of startup success, sales, presentation skills, change, entrepreneurship, accounts payable and payment automation. Having deep startup and entrepreneurial experience, Christopher was one of the six people who started AvidXchange in 2000 and continues to work in the business today. If you hire Christopher to speak or teach at your company or event… you won’t be sorry! Request a media kit or contact us for more information

The Tenet of Creative Destruction and Its Role In Innovation – #innovation #entrepreneurship

Innovation is one of those terms that people throw around way too much. It’s like success and goal setting or even love. One of the things that I stress to my students or anyone that will listen to me is, “How do you know you are being innovative?”

Answer

The simple answer that people give me is they don’t know… People (it’s in their nature) have a very difficult time determining between an idea they personally like (especially if they have launched the idea and are following their dreams) and an idea that is truly innovative. That’s where creative destruction comes in.

Destruction

The term was developed by an economist in 1942, Joseph Schumpeter and brought to my attention by  Freakanomics radio (http://freakonomics.com/2009/03/13/creative-destruction/ ). The basic tenet of the idea is that innovation will replace either tasks or entire jobs. On the outside of this idea it looks like robots and technologies are taking of the world. Well… maybe not the world but in the short-term the downside to creative destruction is that people lose their jobs. However, when these jobs are lost the tasks and jobs that replace them are always better with a higher pay and better working conditions. I was talking with a group of college interns last week and in an effort to make my point, because they weren’t too excited about being innovative and people losing their jobs, I made the point that by the simple fact we were all sitting in this room (air-conditioned when it was 90 degrees outside) talking about ideas and me trying to motivate them to business success that we were living the overt positive outcome of creative destruction. I asked them, “what do you think you all would be doing if it were 100 year ago…” I didn’t let them answer and I said, “no, how about 50 years ago?” (there was any easy argument for 15 years ago). After a slightly longer than expected pause someone said, “we wouldn’t be here”. Which is true. Most would be working in fields or a factory and the lucky few would have been in an office doing manual labor. That’s creative destruction.

Point

The more destructive the idea, business or product the more innovative. Creative destruction is a measuring stick of innovation.

About The Author:

Christopher Elmore has written 8 books, countless articles, lectures at UNC – Charlotte and travels around the country speaking on the topics of startup success, sales, presentation skills, change, entrepreneurship, accounts payable and payment automation. Having deep startup and entrepreneurial experience, Christopher was one of the six people who started AvidXchange in 2000 and continues to work in the business today. If you hire Christopher to speak or teach at your company or event… you won’t be sorry! Request a media kit or contact us for more information

 

The Tenet of Creative Destruction and Its Role In Innovation – #innovation #entrepreneurship

Innovation is one of those terms that people through around way too much. It’s like success and goal setting or even love. One of the things that I stress to my students or anyone that will listen to me is, “How do you know you are being innovative?”

Answer

The simple answer that people give me is they don’t know… People (it’s in their nature) have a very difficult time determining between an idea they personally like (especially if they have launched the idea and are following their dreams) and an idea that is truly innovative. That’s where creative destruction comes in.

Destruction

The term was developed by an economist in 1942, Joseph Schumpeter and brought to my attention by  Freakanomics radio (http://freakonomics.com/2009/03/13/creative-destruction/ ). The basic tenet of the idea is that innovation will replace either tasks or entire jobs. On the outside of this idea it looks like robots and technology is taking of the world. Well… maybe not the world but in the short-term the downside to creative destruction is that people lose their jobs. However, when these jobs are lost the tasks and jobs that replace them are always better with a higher pay and better working conditions. I was talking with a group of college interns last week and in an effort to make my point, because they weren’t too excited about being innovative and people losing their jobs, I made the point that by the simple fact we were all sitting in this room (air-conditioned when it was 90 degrees outside) talking about ideas and me trying to motivate them to business success that we were living the overt positive outcome of creative destruction. I asked them, “what do you think you all would be doing if it were 100 year ago…” I didn’t let them answer and I said, “no, how about 50 years ago?” (there was any easy argument for 15 years ago). After a slightly longer than expected pause someone said, “we wouldn’t be here”. Which is true. Most would be working in fields or a factory and the lucky few would have been in an office doing manual labor. That’s creative destruction.

Point

The more destructive the idea, business or product the more innovative. Creative destruction is a measuring stick of innovation.

Want to know more? Buy My Books!

To buy the book – The Argument to Automate – How Innovation Can INSPIRE Not Fire – click here to buy

(Also) To get your copy of The 8 Pitfalls of Accounts Payable Automation – click here to buy

How about a children’s book? The Princess and the Paper – click here to buy

About The Author:

Christopher Elmore has written 8 books, countless articles, lectures at UNC – Charlotte and travels around the country speaking on the topics of startup success, sales, presentation skills, change, entrepreneurship, accounts payable and payment automation. Having deep startup and entrepreneurial experience, Christopher was one of the six people who started AvidXchange in 2000 and continues to work in the business today. If you hire Christopher to speak or teach at your company or event… you won’t be sorry! Request a media kit or contact us for more information

 

What is Digital Labor? #innovation #automation

Several things put me in a unique situation to learn. One is teaching at a University. I hope it doesn’t seem odd that when I teach I learn. There is a lot of preparation and the University gives me access to some great minds and thinking. The other is my level of travel. I go to all of the big cities in the US at least two to three times a year and I get to explore those sites.

OK?

Traveling and teaching came together this spring in order to attach an interesting phrase to something I had been working on… Digital Labor.

Teaching

In my class, Entrepreneurship, I like give the students tangible evidence that they are being innovative. Innovation is one of those things, especially at a university, that get used and over used to the point that people really don’t know what it is but are afraid to admit it. I wanted to break that cycle by using principles like jumping curves and creative destruction. Jumping curves is something I learned from Guy Kawasaki. The idea is if you listen to your customers on innovation you will make marginal improvements. If you are truly innovative you will make gigantic improvements like going from the ice factory to the in home ice maker or the flip phone to the smart phone or my favorite today (with 90+ degree weather) the hand-held fans to indoor air conditioner. Creative destruction is the improvements in the work world that makes tasks or even entire jobs obsolete. These principles are proof that innovation is in action.

Travel

On a trip to NYC I stop into a cigar shop and had a seat knowing that I would meet a kindred spirit for a smoke and a conversation. It always happens and the conversation are positive and it helps me forget how homesick I am. I struck up a conversation with business man and he asked me what I do. I told him I help companies automate their accounting process. He got a very pained look on his face and I said, “do you know about automation?” He said “I sure do” because he started a consulting practice to help businesses consume more automation. Now we are new best friends and for the next two hours engaged in all kinds of conversation on automation. Part of that conversation had him schooling me on the idea of a digital labor force and his unique perspective on how it would impact jobs in the future.

What is it?

It’s simple in principle and complex in application. The idea of digital labor is to put software into as many manual task as possible. The problem comes in (thanks to Hollywood) that if you do this the software will somehow take over and humans will be left without work. In my own business the net effect are people are willing to sit at a computer terminal and do data entry when that is completely a waste of time. The application of digital labor is to make the workforce smarter with higher paying jobs. This has played out over the centuries from the secretary pools of the seventies and eighties to female CEOs and hundreds on an assembly line to highly skilled engineers monitoring robotics. The future will continue like this and my hope for people is they not focus on what they think they are going to lose and focus on how they can better themselves.

Want to know more? Buy My Books!

To buy the book – The Argument to Automate – How Innovation Can INSPIRE Not Fire – click here to buy

(Also) To get your copy of The 8 Pitfalls of Accounts Payable Automation – click here to buy

How about a children’s book? The Princess and the Paper – click here to buy

About The Author:

Christopher Elmore has written 8 books, countless articles, lectures at UNC – Charlotte and travels around the country speaking on the topics of startup success, sales, presentation skills, change, entrepreneurship, accounts payable and payment automation. Having deep startup and entrepreneurial experience, Christopher was one of the six people who started AvidXchange in 2000 and continues to work in the business today. If you hire Christopher to speak or teach at your company or event… you won’t be sorry! Request a media kit or contact us for more information

Creative Destruction and AP Automation – How Safe Is Your Job?

Job security is one of those things that people think a lot about. It used to be that when you got to a certain age you took a job and stayed in that job until you reached another age and that job would pay you to do whatever you want. Just thinking about that makes me a little wistful for the good old days.

Gone!

Those days are gone. According to Forbes people entering the workforce today will have 15 – 20 jobs within their lifetime. The question on that 15 – 20 jobs per lifetime are, how many were by the choice of the job holder and how many were because they were forced to get another job due to firings and layoffs.

Eye Opening

When you think of layoffs, and I write and speak a lot about this, the purpose of AP Automation is to free up as much time as possible. The point of automation is to have software or machinery do the manual work so people can go on and do more important work. The idea to the idea is that by freeing up people from less skilled tasks so they can do higher skilled tasks it will increase the overall intelligence of the workforce.

Creative Destruction

Economist have a name for this process of creating higher workforce intelligence, its creative destruction. I was floored when I heard a podcast on the topic. I really didn’t know it was a thing, I just thought it was something that I had stumbled across in an effort to explain the impact of AP Automation.

Hear For Yourself

Here is a link of the podcast. If you are an enthusiast or practitioner of any level of automation you need to know the principle of creative destruction. (more to come…)

You Really Need To Listen To This Podcast! <click here>

Want to know more? Buy My Books!

To buy the book – The Argument to Automate – How Innovation Can INSPIRE Not Fire – click here to buy

(Also) To get your copy of The 8 Pitfalls of Accounts Payable Automation – click here to buy

How about a children’s book? The Princess and the Paper – click here to buy