David Barrett

Background

About David Barrett

Artificial Intelligence (AI) and robotics will impact everything going forward. It is highly strategic and practical to look closely at AI and how it will affect costs and margins. Over the last several years, I witnessed not only the power of AI, but its potential influence on the labor market. Many sector jobs will get completely wiped out. There will be significant competitive, economic and political ramifications here. In my consulting with many companies, particularly the food industry, I have relayed this message:"Get exposed to AI now.""Timely"​ is an important component to my investment strategy. I can't tell how many times I added wrinkles on that one. Put aside the crazy evaluations and what you may think you know about a project's financials. If it is not timely, you may be obligated to enjoy the wait. Have I failed? Yes! All entrepreneurs will fail. It is from these challenges that one really builds character and wisdom. Bill Gates is right on when he said "​ Success is a lousy teacher. It seduces smart people into thinking they can't lose." A very important lesson is to maintain a higher equation for values. Associate with people who share your values and you can trust. Never compromise on quality. Think differently from the crowd and never be afraid to take risks! And, always be willing to make constant and never ending improvements. Imagination is a higher form of intelligence.let it run rampant. Give more than you receive.it always comes back ten-fold. Remember, be tenacious, never give up.persistence is the prime component to success.