The Simple, Economic Value of Artificial Intelligence
APRIL 24, 2017
I recently attended a very interesting talk , - Exploring the Impact of Artificial Intelligence: Prediction versus Judgment, - by University of Toronto professor Avi Goldfarb. The talk was based on recent research conducted with his UoT colleagues Ajay Agrawal and Joshua Gans.
AI, Automation and the US Economy
JANUARY 10, 2017
On December 20, the White House released Artificial Intelligence, Automation, and the Economy , a new report that investigates how AI will likely transform job markets over time, and recommends policy responses to address AI’s impact on the US economy.
The Long Term Impact of AI on Jobs - Some Lessons from History
JULY 26, 2016
The June 25 issue of The Economist includes a special report on artificial intelligence. AI has been making extraordinary progress in the past few years.
The Competitive Value of Data: From Analytics to Machine Learning
JANUARY 31, 2017
A recent article by NY Times reporter Steve Lohr discussed the rising importance of data as a major competitive differentiator.
What’s the Value of Blockchain?
APRIL 17, 2017
A few weeks ago I attended the IBM Blockchain Summit 2017 in New York. The Summit included a number of talks and panels, and - most important, - presentations of concrete blockchain use cases IBM has been working on in a number of areas, including finance, supply chains and healthcare.
The Transformative Power of Cloud Computing
DECEMBER 12, 2016
I was recently involved in two different meetings, each convened by an IT research organization focused on providing strategic advice to CIOs. My participation in each of the CIO meetings was in the form of a fireside chat with a senior analyst of the organization.
Automation Technologies and the Future of Work
SEPTEMBER 6, 2016
Last year, McKinsey launched a multi-year study to explore the potential impact of automation technologies on jobs, organizations and the future of work. “Can we look forward to vast improvements in productivity, freedom from boring work, and improved quality of life?,”
The Evolution of the Firm
NOVEMBER 21, 2016
A few weeks ago I discussed The Rise of the Global Superstar Company based on a recent special report on the subject by The Economist. The report noted that the decade-long trend toward increasingly concentrated global firms is somewhat surprising. .
Is Design Thinking the “New Liberal Arts”?
OCTOBER 31, 2016
Design thinking has become an increasingly popular topic of discussion over the past decade. It was featured in the September, 2015 issue of the Harvard Business Review with several articles on the subject.
Digital Identity - the Key to Privacy and Security in the Digital World
AUGUST 29, 2016
From time immemorial, our identity systems have been based on face-to-face interactions and on physical documents and processes. But, the transition to a digital economy requires radically different identity systems.
The Datafication of Business and Society
JUNE 9, 2015
I first encountered the term datafication in The Rise of Big Data: How It’s Changing the Way We Think About the World , by Kenneth Cukier and Viktor Mayer-Schönberger.
The Importance of Empathy in Our Services-Centric, People-Oriented Economy
OCTOBER 6, 2015
A few days ago I read an excellent article in the Harvard Business Review , - Empathy Is Still Lacking in the Leaders Who Need It Most , - by Ernest Wilson , Dean of the Annenberg School of Communications and Journalism at the University of Southern California (USC).
The Top Ten Emerging Technologies of 2016
AUGUST 16, 2016
For the past several years, the World Economic Forum (WEF) has published an annual list of the Top Ten Emerging Technologies that would likely have the greatest impact on the world in the years to come. A few weeks ago, the WEF published its 2016 Top Ten list.
Trust and the On-Demand Economy
DECEMBER 22, 2015
The intrinsic structure of companies has long been a subject of study, most famously by Ronald Coase , the eminent British economist and recipient of the 1991 Nobel Prize in economics.
Open Innovation 2.0
MARCH 27, 2017
I recently read Twelve Principles for Open Innovation 2.0 , an article published last year in Nature by Martin Curley.
Becoming a 21st Century Digital Tinkerer
JULY 28, 2015
I like to tell people that the key to being and/or sounding smart is to hang out with smart people. And, one of the names that would quickly comes to mind if asked to recommend who to hang out with is John Seely Brown , aka JSB.
The Future of the Globally Integrated Enterprise
FEBRUARY 13, 2017
“In Retreat: Global companies in the era of protectionism,” reads the cover of the January 28 issue of The Economist. In The retreat of the global company , The Economist defines global firms as those where over 30% of their sales come from outside their home region.
Disruptive Innovation Revisited
JULY 9, 2014
The recent New Yorker article, - The Disruption Machine: What the gospel of innovation gets wrong , - by Harvard history professor Jill Lepore , has led to a flurry of opinions on disruptive innovation. The New Yorker described the article as “Rethinking the innovation craze.”
Learning to Apply Data Science to Business Problems
DECEMBER 29, 2015
This past semester I was involved in an interesting course at MIT’s Sloan School of Management , - Analytics Labs (A-Lab). A-Lab’s objective is to teach students how to use data sets and analytics to address real-world business problems.
Technological Unemployment and the Future of Work
NOVEMBER 3, 2015
Few topics are as important, - and as challenging to anticipate, - than the future of work given our justifiable fears of rising technological unemployment. How are job markets likely to evolve in our 21st century digital economy?
The Fourth Industrial Revolution - Risks and Benefits
FEBRUARY 20, 2017
The Fourth Industrial Revolution (4IR) was the central theme of the 2016 World Economic Forum (WEF) that took place a year ago in Davos, Switzerland.
Design Thinking and the Workplace Experience
OCTOBER 27, 2015
Design has long played a major role in product innovation. But in the last few years, a shift has been underway bringing design to the very core of the business. “ The Evolution of Design Thinking : It’s no longer just for products.
Has AI (Finally) Reached a Tipping Point?
OCTOBER 24, 2016
After many years of promise and hype, AI seems to be finally reaching a tipping point of market acceptance. Artificial intelligence is suddenly everywhere… it is proliferating like mad.” So starts a Vanity Fair article published around two years ago by author and radio host Kurt Andersen.
Is There a STEM Crisis or a STEM Surplus?
AUGUST 9, 2016
Is the US facing a critical shortage of STEM skills? Do we have enough STEM workers to meet the demands of the labor market? Are enough young people choosing STEM careers so we can meet future demands?
Why Are We Stuck in a World of Slow Economic Growth? Nobody Seems to Know
SEPTEMBER 26, 2016
Over the past few centuries, the natural sciences , - e.g. physics, chemistry, biology, - have developed a variety of principles and models. These have enabled them to analyze and predict the behavior of our highly complex physical systems under widely different conditions.
Competing Against “Digital Invaders”
OCTOBER 4, 2016
The Evolution of the Internet of Very Smart Things
OCTOBER 15, 2014
I recently saw a very interesting presentation , - From Cloud to Fog: The Internet of Things , - by Cisco executive Michael Enescu.
Machine Learning and Knowledge Discovery
FEBRUARY 27, 2017
After decades of promise and hype, artificial intelligence is finally achieving an inflection point of market success.
The Growing Importance of Storytelling in the Business World
MARCH 13, 2017
Communications have played a major role in my work over the past few decades. During this period, I was involved in organizing emerging business opportunities at IBM, including the Internet and Linux.
Blockchain Can Reshape Financial Services… But it Will Take Significant Time and Investment
SEPTEMBER 19, 2016
The Fourth Industrial Revolution
FEBRUARY 23, 2016
The Fourth Industrial Revolution: what it means, how to respond was the central theme of the 2016 World Economic Forum (WEF) that took place earlier this year in Davos, Switzerland.
Digital Twin: Bringing the Physical and Digital Worlds Closer Together
NOVEMBER 28, 2016
A few weeks ago I first learned about a relatively new concept - Digital Twin. A Digital Twin is essentially a computerized companion to a real-world entity, be it an industrial physical asset like a jet engine, an individual’s health profile, or a highly complex system like a city.
AI and Public Policy
JANUARY 23, 2017
The Rise of the T-Shaped Organization
DECEMBER 15, 2015
The concept of T-shaped skills was first introduced over 20 years ago, but its importance, - to both individuals and organizations, - has continued to rise.
The Puzzling Technology Adoption Discrepancy Between Individuals and Institutions
DECEMBER 11, 2013
Since the publication of its first report in 2009, I’ve closely followed the Shift Index initiative of Deloitte’s Center for the Edge.
The (Uneven) Digitization of the US Economy
JANUARY 19, 2016
Digital technologies are all around us, - increasingly ubiquitous and commoditized. But, are they a major source of competitive differentiation ? Are they still a strategic value to business? Can digital innovation drive long term economic growth?
The Internet, Blockchain, and the Evolution of Foundational Innovations
JANUARY 17, 2017
Last year, a panel of global experts convened by the World Economic Forum selected blockchain as one of the Top Ten Emerging Technologies for 2016, based on its potential to fundamentally change the way economies work. But, how transformative will blockchain turn out to be?
Is FinTech Forcing Banking to a Tipping Point?
APRIL 11, 2016
For the past few decades, digital technologies have been systematically transforming one industry after another. T he transformations have generally proceeded along three different stages. First comes the use of IT to improve the productivity and quality of production-oriented, back-end processes.
The Coming Robotics Revolution
MARCH 8, 2016
Hi, Robot: Work and Life in the Age of Automation , reads the Hamlet-inspired cover of the July, 2105 issue of Foreign Affairs.
The Continuing, Transformative Impact of IT
JUNE 12, 2013
Last month, the McKinsey Global Institute published Ten IT-enabled business trends for the decade ahead. As is generally the case with McKinsey, this is a well researched, well written report. There are few surprises.