Facebook Libra Fans The Flames of The Silicon Valley Burning Platform

Facebook Libra has catalysed Govts and Industry to accelerate their response to crypto.

Burning Platform: First introduced in Daryl Conner’s Managing at the Speed of Change, the metaphor of the burning platform has been used for nearly 30 years to describe a high level of urgency regarding a change initiative.

The Silicon Valley Burning Platform

Libra is like pouring gasoline on the burning platform many companies and industries have been struggling with for several years: how do they respond to the threat of Silicon Valley.

As a result of rapid digitisation many industries suffer from ‘the big data problem’: they are now producing so much data they can’t effectively process and make use of it themselves. So they have become dependent on Cloud Platforms, and increasingly their AI services, to manage and derive value from data through automation.

Data Point: 49% of enterprises surveyed by Deloitte (State of AI in Enterprise 2018) said ‘Cloud AI was the fastest pathway to AI’.

Platform monopolies lead to Data monopolies lead to AI monopolies. This model sees platforms aggregate learning across whole industries to…