Did you know the U.S. nurse labor market is over $600 billion annually, but the dedicated software market for nurses is almost zero?
In this episode, General Partners Alex Rampell, David Haber, and Angela Strange discuss how AI is revolutionizing labor by automating tasks traditionally done by humans.
They’ll trace the evolution of cloud eras — from the original to financial services-enabled to the current AI-enabled outcomes era — showcasing how AI is creating unprecedented opportunities, allowing startups to outpace incumbents. They also explore how this shift will reshape industries, where we are in the adoption curve and what companies need to succeed, and the gaps where the a16z Enterprise team would love to see more innovation.
Timecodes:
00:00: Introduction
00:42: Historical Evolution of Labor and Technology
01:58: The Digitization of Filing Cabinets
04:32: The Cloud Revolution
06:43: AI and the Future of Labor
07:39: Economic Implications of AI in the Workforce
12:29: The Role of Systems of Record
17:37: Challenges and Opportunities for Incumbent Software Companies
20:55: The Messy Inbox Problem
22:01: AI's Role in Transforming Workflows
22:31: Case Study: Tennr Healthcare
23:36: Defensibility and Differentiation in AI
26:01: Emerging Opportunities in Compliance
29:26: AI's Impact on Job Roles and Market Dynamics
33:11: Metrics and Market Size
36:47: AI in Professional Services and Legal
42:26: Future Directions and Opportunities in AI
Resources:
AI Turns Capital to Labor: https://a16z.com/ai-turns-capital-to-labor/
The Messy Inbox Problem:
https://a16z.com/the-messy-inbox-problem-ai-apps-wedge-strategies/
Vertical SaaS: Now with AI Inside: https://a16z.com/vertical-saas-now-with-ai-inside/
BarbAIrians at the Gate: The Financial Opportunity of AI: https://a16z.com/financial-opportunity-of-ai/
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Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.