Watching the Washing Machine: What Employees With Agency Do With the Time AI Just Gave Them
By Jessica McNellis and Chris Gale
Private capital is past the point of asking whether AI works. Advisors who'd never written a line of code are now building prospect utilities and portfolio models in a weekend, work that used to sit in a three- or four-year development backlog. The capability question is settled.
The harder question, and the one most firms haven't answered yet, is what happens to all the time AI just gave back.
The Grandmother and the Washing Machine
Doug Fritz, co-founder of F2 Strategy and a 27-year veteran of private capital technology, put it plainly in a recent conversation on the The Definers podcast: "We're kind of in the watching the laundry machine mode right now as an industry, maybe as a society."
Borrowing from an old analogy: a grandfather or grandmother, having done laundry by hand their entire life, watches their kid's new washing machine...
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