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Global Advisors | Quantified Strategy Consulting

efficiency

"Model density" in AI, particularly regarding LLMs, is a performance-efficiency metric defined as the ratio of a model's effective capability (performance) to its total parameter size." - Model density -

Term: Model density

"The question is whether you want to be valued as a company that optimised expenses [using AI], or as one that fundamentally changed its growth trajectory." - Joe Beutler - OpenAI

Quote: Joe Beutler – OpenAI

"Jevons paradox is an economic theory that states that as technological efficiency in using a resource increases, the total consumption of that resource also increases, rather than decreasing. Efficiency gains make the resource cheaper and more accessible, which in turn stimulates higher demand and new uses." - Jevons paradox -

Term: Jevons paradox

"ROI doesn't come from creating a very large model; 95% of work can happen with models of 20 or 50 billion parameters." - Ashwini Vaishnaw - Minister of Electronics and IT, India

Quote: Ashwini Vaishnaw – Minister of Electronics and IT, India

“We can’t keep scaling compute, so the industry must scale efficiency instead.” - Kaoutar El Maghraoui - IBM Principal Research Scientist

Quote: Kaoutar El Maghraoui

Timeboxing is a structured time management technique designed to enhance productivity, effectiveness, and efficiency by allocating a fixed period—known as a “time box”—to a specific task or activity. The core principle is to pre-set both the start and end times for an activity.

Term: Timeboxing

Scrum is a widely used agile framework designed for managing and completing complex projects through iterative, incremental progress to drive effective, cross-functional teamwork, accelerate delivery, and foster constant learning and adaptation.

Term: Scrum

Agile refers to a set of principles, values, and methods for managing work. Agile emphasises flexibility, iterative delivery, collaborative teamwork, and rapid response to change over rigid planning or hierarchical control.

Term: Agile

“So this is the goal: To make money by increasing net profit, while simultaneously increasing return on investment, and simultaneously increasing cash flow.” Eliyahu M. Goldratt The Goal: A Process of Ongoing Improvement

Quote: Eliyahu M. Goldratt – The Goal: A Process of Ongoing Improvement

The Theory of Constraints (TOC) central premise is that every organisation, process, or system is limited in achieving its highest performance by at least one constraint - often referred to as a bottleneck.

Term: Theory of Constraints (TOC)

“80% of the results come from 20% of the effort. The key is knowing which 20%.” Richard Koch Consultant, investor and author

Quote: Richard Koch – Consultant, investor and author

Efficiency is the capability to achieve maximum output with minimal input, optimising the use of resources such as time, money, labour, and materials to generate goods or services.

Term: Efficiency

Productivity refers to the ability to generate the maximum amount of valuable output (goods, services, or results) from a given set of inputs (such as time, labor, capital, or resources) within a specific period.

Term: Productivity

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