What if you could transform your business by embracing cutting-edge technology and innovation? Join us for an eye-opening conversation with Jay Kulkarni, CEO of Theorem, who shares his remarkable journey of adapting to the fast-paced world of digital innovation. With over two decades of experience, Jay provides a masterclass in future-proofing your business, diving into the pivotal role of automation and AI in redefining business models for long-term success. From the revolutionary solution Upward to the intricacies of video commerce, discover how technology can streamline operations and create lasting value.

Explore the profound impact of AI across industries as we unravel its efficiency in transforming sectors like pharma and media. Jay articulates the significance of identifying and alleviating friction points in advertising sales through technological advancements. But the conversation doesn't stop there. We also discuss the essential skills entrepreneurs need as their ventures grow, the strategic importance of investing in team development, and the art of risk management. Through stories of resilience during economic challenges, learn about the importance of playing the long game and nurturing internal talent to thrive in an ever-evolving market.

Timestamps 00:00:00 - Introduction and Welcome to Business Legacy Podcast

00:00:04 - Conversation with Jay Kulkarni, CEO of Theorem

00:00:20 - Jay's Two-Decade Career in the Digital Space

00:01:00 - Importance of Adapting Business Models with Technological Change

00:02:30 - Integration of Automation and AI in Business Operations

00:04:03 - The Transformative Impact of AI in Various Industries

00:05:00 - AI's Role in Revolutionizing Processes and Creating New Value

00:06:30 - Discussion on Robotic Process Automation and Language Models

00:07:45 - Applications of AI in Pharma and Biosciences

00:09:00 - Projects Like Upward and Video Commerce Initiatives

00:10:30 - Friction Points in Media Advertising Sales

00:11:45 - Evolving Skills Needed for Entrepreneurs

00:13:31 - Evolution and Adaptation Strategies for Long-Term Success

00:14:45 - Emphasizing the Importance of Cross-Skilling and Up-Skilling

00:16:00 - Reflections on Economic Hardships and Risk Management

00:17:15 - Importance of Attitude and Soft Skills in Hiring

00:18:30 - Fostering Resourcefulness in Teams

00:19:45 - Navigating the Challenges of Legacy Business Owners

00:21:00 - Investing in Teams and Creating New Career Opportunities

00:22:15 - Tough Decisions During Economic Downturns

00:23:30 - Leadership Style and Communication Strategies

00:24:45 - Evolution from Web 1.0 to Web 3.0

00:26:00 - The Legacy of Value Creation and Servant Leadership

00:27:15 - Stories of Former Employees and Their Successes

00:28:30 - Conclusion and Final Thoughts from Jay Kulkarni

00:29:45 - Closing Remarks and Where to Find More Information About Theorem

Episode Resources: Connect with Jay here for more information: https://www.linkedin.com/in/jay-kulkarni-theorem/

Legacy Podcast: For more information about the Legacy Podcast and its co-hosts, visit businesslegacypodcast.com. Leave a Review: If you enjoyed the episode, leave a review and rating on your preferred podcast platform.

For more information: Visit businesslegacypodcast.com to access the shownotes and additional resources on the episode.