Execs in the C-suite thought they could swap models in a week. They were hallucinating
A recent survey by AI orchestration platform provider Zapier of 542 US executives with active AI vendor contracts, found that nearly 90 percent believed they could switch AI vendors within four weeks, and 41 percent said they could do it in just 2–5 business days.
I work at a Fortune 500 and I’m the point of contact for half a dozen vendors, so I have a lot of visibility into the legal and procurement challenges. I can say with absolute confidence that even our annual renewals with existing vendors don’t go through in 4 weeks.
Who are these executives that have absolutely no understanding of their own companies?
… uh, just about all of them, in my experience. 🤷♂️
Who are these executives that have absolutely no understanding of their own companies?
You’ve just described the vast majority of all C-suites
It’s almost like 3 companies can act as an effective monopoly.
if only we had a word for that. if only we had laws for that. if only regulatory capture didn’t become assured when the companies in question have more money than most entire countries.
Oligopoly. The word you want is oligopoly.
