About US - Convergence Catalyst AI

Lucky for humanity, there exists a section of any society that is always very excited about signing up for innovations in technology. Be it gene therapy, late-stage clinical trial medicines whose side effects are still being mapped out (especially oncology medicines), space travel, GM food, or something as simple as a new apartment complex away from the main town or a new school for kids. Novelty always attracts attention from this section.

However, this attention is short-lived, and in many cases, it fizzles out. As shown by several studies, many technologies do not get past these so-called “early adopters” to the “market”. The signal of market adoption is generally a group of people who are more pragmatic, and large in numbers, start using the technology. This group is called the “early majority”. For marketers, taking a product from 'early adopters' to 'early majority' can be a lifetime of work. So much so that the distance of one group to the other is labelled as the “Chasm”. Through which several products, and many times companies, fall into nowhere.

This seemingly “natural” transition is influenced by many factors, and is not just dependent on the excitement a new technology can generate. Cost of the technology, and by extension the price, plays an important role. Societal makeup and openness are important. And, not least is the role played by marketing, communicating, convincing, post-sales service, etc. Radio transistors never caught on at launch because the technology could not compete with the high-quality sound of LP records (which was required for the songs of the time). But marketing it to teens who can carry the music to the beach, in their cars, was the trick. Examples of both successes and failures are numerous.

During this period of moving from early adopters to the market, the product goes through several waxing and waning excitements. Which, in the language of finance and business are measured as beta or the risk/reward ratio, or stability of a product or stock compared to the market. When the technology is AI, this waxing and waning – the beta – leads to creation and wiping out of trillions of dollars. Sometimes in a matter of days or even hours. This should be managed. It took sixteen years for the NASDAQ to reach the levels of Jan 2020 after the dot-com bust.

The stability can be achieved by the proper adoption of the technology by the pragmatic buyers, followed by the society as a whole. The CONVERGENCE we CATALYZE is adaptation of the ideas and applications of technology by the society, thus creating value for all involved. Just like a river's distributaries create the richest soils by taking the fresh water and salts from the river to the deltas.