Expert Insights

Anna Barnacka articulates how AI advances democratize expert knowledge, disrupt industry's traditional gatekeepers, and enable innovative breakthroughs – particularly in tightly regulated sectors.

Anna highlights the liberating power of AI in regulated fields like Med Tech, where previously prohibitive barriers to innovation, created by the need for extensive, costly expertise, are being dissolved. AI democratizes this space by making structured, documented industry regulations and protocols directly accessible to smaller teams.

Hear Anna explain:

  • How AI can distil specialist knowledge and allow founders to conduct much of the research and documentation themselves, thereby reducing the typical reliance on expensive consultants.
  • The concept of using AI to help prepare for expert consultations, leading to more productive and cost-effective interactions.
  • How AI democratizes the field by lowering barriers of entry, aiding in prototype development, and enhancing idea validation, leading to increased competition and innovation.
  • The impact of AI on software engineering, initially reducing contracts but ultimately causing a resurgence as initial idea validation becomes less risky, and software houses are re-engaged in a capacity of scaling already proven concepts.
  • Why AI, despite the need for foundational expert knowledge, allows smaller teams to achieve significant outcomes in innovation.

Quote

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As opposed to paying somebody for thousands of hundreds of hours actually creating that. So I think on, especially on the Met Tech, because we don't like how regulated it is and how structured it is, but actually that structure provides, uh, AI perfect tool because it's, it's so well defined." "I can actually do the whole work and make sure that our protocols comply, take into consideration everything they should as we're thinking about the next clinical study. So then I only need one, maybe two hours of, of experts to, to review it. And that's massive." "But what's happening now, during that year, a lot of people had much, a AI lowered that barrier of entry. So people could go prototype themself and much faster validate those ideas without the need of the big funding and end up, uh, with a successful, uh, validated, uh, proposal or idea." "AI won't cure cancer, but it might enable the team that does by removing that early, raise the regulatory burden, by making knowledge inclusive rather than exclusive." "Even with the smaller teams, you can achieve so much more.quotation-marks icon

Monterail Team Analysis

Here are key strategies to optimize AI adoption in your software development workflows:

  • Leverage AI tools to manage knowledge gathering in the regulated industry: Instead of relying heavily on expert consultations from the start, use AI to dissect structured industry regulations and gather necessary data.
  • Develop a "think-through" approach: Operate a workflow wherein AI helps to comprehend complex situations and regulations, preparing for a more informed and productive interaction with experts.
  • Manage expert consultation effectively: Focus on using expert time to review and validate your work, rather than starting from scratch. This could improve your cost-efficiency and deliver better results faster.
  • Cultivate a learning culture: Equip your team with the requisite skills to exploit AI tools for compiling the knowledge required in your industry space.
  • Validate ideas much faster: Use AI tools to develop prototypes and validate ideas quickly, without extensive initial outlay. This could boost innovation by allowing more ideas to be tested.
  • Prepare for evolving contract engagements: With the barrier to entry lowered by AI, software engineering contracts might undergo changes. Contracts may become more focused on scaling already validated ideas rather than developing from scratch. Adapt your business model accordingly.
  • Measure success in access: As AI democratizes knowledge, the metric for success should shift from how many full-time experts you have on staff, to how effectively your team can access and understand expert knowledge with the help of AI.