The $300 Billion Problem: Reggie Padin on Why Most Companies Fail with AI

In this engaging conversation, Jessica Caresse interviews Reggie Padin, founder of Exitou and the The AI Learning Consultant Network (AILCN). They explore Reggie's journey from his upbringing in Puerto Rico to his entrepreneurial ventures, discussing the impact of AI on business and talent development. Reggie shares insights on the challenges and opportunities presented by AI, emphasizing the importance of continuous learning and personal connections in the evolving workplace. He also makes predictions about the future of AI and the necessity for individuals to adapt and innovate in their careers.

Takeaways

• Courage in entrepreneurship often comes after taking the initial leap, not before. Reggie gave the analogy of jumping into a pool for the first time, where the anticipation and fear come before the plunge.

• Continuous learning is crucial for professionals to stay relevant in a rapidly changing technological landscape. As Reggie's professor once told him, the knowledge gained from a degree can become obsolete by the time you graduate.

• The AI Learning Network was created by accident, born out of a need Reggie saw in the marketplace for professionals to collaborate and understand different industries' needs regarding AI.

• Reggie notes a disconnect where some companies are using AI as a reason to reduce staff, testing whether AI can perform tasks that employees were not willing to do in the office.

• He predicts that as AI technology matures and becomes more realistic, people will long for face-to-face, personal connections. This is something he's betting on for the future of his own business, with plans for an in-person retreat center.

• A major challenge in AI implementation is that 87% of companies are failing, often because they bypass essential steps like properly assessing the company's needs and pain points.

• Reggie believes the future of work will require individuals to be proactive, retooling their skills and even starting their own ventures, especially while they are still employed.• He emphasizes the need for strategic thinking over just creating a "fancy AI gadget," urging companies to first pin down their goals and then leverage AI to achieve them.

• The conversation highlights that AI can be a powerful assistant, allowing small teams to achieve what previously required large organizations and significant capital

.• Reggie encourages listeners to broaden their horizons and be exposed to new ideas because it's through "connecting the dots" between different fields that new products and services are born.

Social Links:

https://www.instagram.com/dr.rpadin

https://www.linkedin.com/in/drpadin/

https://www.instagram.com/exitou.inc

https://www.instagram.com/ailearningconsultant

https://www.instagram.com/learnfinityapp

https://www.instagram.com/docugrade

https://www.instagram.com/learn4ward.ai

https://www.instagram.com/expandlms

www.exitou.com

www.ailcn.org

www.learnfinitypro.com

About the Guest: As a leader in AI-driven learning and development, mobile learning, and microlearning, Dr. Reggie Padin empowers organizations and consultants through a seamless ecosystem of innovative platforms and expert networks. His portfolio includes Learnfinity Pro, an AI-powered, mobile-first learning platform; ExpandLMS, a comprehensive talent development solution; and the AI Learning Consulting Network, a collaborative community designed to advance cross-industry AI adoption. Through these initiatives, Reggie drives transformational growth and performance across sectors.