Posts

Knowledge as a Product

Image
A business model explains how a company makes money. A moat  is a defensive measure and explains why that business model keeps working even when competitors attack it. Without a moat, a business model is fragile. Without a business model, a moat is meaningless. Companies build moats in order to make their success hard to compete with, hard to imitate, and hard to erode over time. A strong moat lets them keep customers, maintain pricing power, and generate durable profits. One type of moat is knowledge . But knowledge only becomes a moat when the knowledge is encoded. Raw expertise is not defensible. Encoded expertise is. Knowledge is encoded when it is turned into metadata, rules, theories, ontologies, taxonomies, schemas, governance frameworks, process automation logic algorithms. When knowledge becomes machine‑readable, enforceable, and extremely hard to replicate you create a moat that artificial intelligence cannot erode. Knowledge can be organized within a knowledge org...
Post a Comment
Read more

Exploring Need for Open Source Global Standard Office of the CFO Alternative

Image
PWC and Anthropic announced their partnering to create what they are referring to as the Office of the CFO; see  Anthropic and PwC Expand Alliance, Driving Impact Across Client Work and the Firm , and my commentary here . PWC and Microsoft announced their partnering to collaborate strategically to transform industries using AI,  PwC and Microsoft announce strategic collaboration to transform industries with AI agents .  EY and Microsoft announce partnership to help clients scale AI,  EY and Microsoft announce global initiative to help clients scale AI enterprisewide value creation and move beyond experimentation . What they have is effectively a platforms to do consulting to large organizations in the financial services, insurance, pharma, healthcare industries and other industries. What I am wondering is if there is an appetite for a similar offering targeted at small and medium size enterprise, but could be used by anyone.  Something that is modular, based on ...
Post a Comment
Read more

The Accounting Manifold

Image
In a blog post, What we are Building ,  LodgeiT Labs explains an accounting substrate which they are building.  In describing that accounting substrate, they use the term "manifold".  A manifold is a mathematical structure.  More specifically, a manifold is an idea related to topology . To understand the notion of manifolds requires working knowledge of calculus and topology. But this is important to accounting, so I am going to try and explain this in simple terms. In topology, a manifold is defined as a topological space that locally resembles Euclidean space. That means if you zoom in on any small region of a manifold, it looks like ordinary flat space, even though the entire shape may be curved or complex globally. Think of topology as the rules of connectivity and manifolds as the spaces that obey those rules while still looking locally flat. What this means in terms of accounting is that while accounting transactions might look like a simple list, you can act...
Post a Comment
Read more

Neuro-Symbolic Artificial Intelligence with Human Teaming

Image
Every type of artificial intelligence has a set of specific capabilities and a set of specific limitations. Neuro-symbolic artificial intelligence with human teaming takes the best capabilities of each type of machine and combines that with the best capabilities of humans. The strengths of each is used to  remedy the weaknesses of each and the sum of what results is better than any of the individual approaches used individually. The complete quadrant. The four agent workflow model.  A multi-agent workflow . Within teams, agents cooperate to improve the overall performance of the group. Teaming is the only way to safely deploy certain systems in complex, high-stakes, high-risk environments where there is low or even zero tolerance for error. And this includes human intelligence, human agents, as part of the team.  Human intelligence is an integrated component, not just a passive user.  Besides, human intelligence and machine intelligence are different.  My worki...
Post a Comment
Read more

NFT

Image
NFTs ( non-fungible tokens ) are all the rage these days; but understanding exactly what an NFT is can be challenging.  This article, 7 Things You Should Know about NFTs , is a good place to start learning about NFTs. Understanding NFTs is easier when you understand the characteristics of an NFT.  The following are the characteristics of an NFT: Non-interoperable : NFTs are unique and unlike fungible tokens which are all the same basically and any one is just as good as any other; NFTs are not interchangeable. Indivisible : NFTs cannot be divided into smaller denominations.  Indestructible : NFTs are stored on the blockchain and can never be destroyed.  Verifiable : Because NFTs exist on a blockchain they can be traced back to the original creator . This video, Could Enjin SUPERCHARGE Gaming NFTs?! (at minute 6:50) points out three aspects of determining value of an asset:  Rarity : How scarce is it? Provenance : Where did it come from? Quality/Utility : How go...
Post a Comment
Read more

Ledger

Image
A "list" and a "ledger" are not the same thing. A ledger is a formal computational substrate. A list is a collection of items. A ledger stores state. A list is inert. A ledger is dynamic: every ledger entry changes the state of the system. A list is descriptive. A ledger is computational. A ledger is essentially a model of financial reality, not just a record of items contained in a list. A list is just an ordered collection of items but there is no description of the relationship between the items in the list. A ledger is a governed, rule‑bound, balanced record of financial events with the relationship between the financial events explained/described. A list has no semantics, no structure, and no logic. A ledger has semantics, structure, and logic baked in. A ledger is a sequenced append-only committed formal record.  A ledger is more than a database you query for current state.  A ledger is an  immutable record of what changed, when it changed, and under what auth...
Post a Comment
Read more

Mereology

Image
Mereology is the science of parts and wholes: what they are, how they relate, and how complex things are built from simpler ones.  Mereology is the theory of parthood relations: of the relations of part to whole and the relations of part to part within a whole. A Taxonomy of Whole-Part Relations  points out that part-whole relations can be broken out into six different groups: component-integral object : for example (pedal – bike) the pedal is an integral part of the bicycle member-collection : for example (ship – fleet) each ship is a member of the fleet portion-mass : for example (slice – pie) a slice is a portion of a pie stuff-object : for example (steel – car) steel is the stuff from which the car is made feature-activity : for example (paying – shopping) paying is a feature or component of shopping place-area : for example (Everglades – Florida) the Everglades is a place within Florida The following graphic shows the different possible who...
Post a Comment
Read more