1. EachPod

94. Learning effects: why getting more users isn't the only key to success

Author
Sophia Matveeva
Published
Wed 13 Apr 2022
Episode Link
https://www.techfornontechies.co/blog/learning-effects-why-getting-more-users-isnt-the-only-key-to-success

You've probably heard about network effects, but they aren't the only thing you need. Learning effects build the ultimate moat against your competition.

Learning notes from this episode:

  • You get better at speaking a language the more you practice and correct your mistakes. It is the same with algorithms: they get better with time and training.
  • The more time and data you have to train an algorithm the more accurate the algorithm’s output will be, and also, the more complex the problems it can solve.
  • “Learning effects can either capture or add value to existing network effects or generate value in their own right.” – Competing in the Age of AI, by Marco Iansiti and Karim Lakhani
  • Companies that have been training machine learning algorithms for longer are at a competitive advantage. Strong learning effects make it impossible for competitors to catch up.

Resources mentioned in this episode:

To attend Tech for Non-Technical Founders in London on May 10 2022 in London, book your ticket here and use PODCAST to get £5 off the price.

 

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For companies:

  • If your company is going through digital transformation and you want your non-techie teams to be active participants

Then get in touch with us about bespoke training & consulting on [email protected]

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  • Build tech a venture as a non-technical innovator
  • Succeed in tech as a non-techie

Then Tech For Non-Techies membership is for you.

 

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