Irving Wladawsky-Berger

The Urgent Need for Wide-Scale Upskilling

Irving Wladawsky-Berger

Few topics are as important as the future of work in our 21st century digital economy.

Skills 238

Business and Technology Predictions for 2021 and Beyond

Irving Wladawsky-Berger

Earlier this year, I attended Predictions 21 , an online event organized by Forrester Research to help companies understand the key business and technology dynamics that will shape 2021 and beyond.

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Cloud's Trillion Dollars 2030 Potential

Irving Wladawsky-Berger

“Thanks in part to cloud, Moderna was able to deliver the first clinical batch of its vaccine candidate (mRNA-1273) to the US National Institute of Health for phase one trials just 42 days after the initial sequencing of the virus,” wrote the authors of a recent McKinsey article, - Cloud’s trillion dollar prize is up for grabs.

Data 168

Will AI Ever Be Smarter Than a Baby?

Irving Wladawsky-Berger

I recently listened to a fascinating podcast where NY Times columnist Ezra Klein interviewed Berkeley psychologist Aliston Gopney. Professor Gopney is best known for her research in cognitive science , particularly the study of children’s learning and development.

Data 219

Can We Look Forward to a New Decade of Innovation?

Irving Wladawsky-Berger

Can we look forward to a new decade of innovation, asked The Economist in its January 16 issue. The 2010s were marked by pessimism about innovation,” notes the issue’s overview article.

Leveraging Cloud Computing to Enhance the Nation’s Cybersecurity

Irving Wladawsky-Berger

There’s clearly an urgent need to significantly improve the security and resilience of IT systems and applications in light of the growing threat of cyberattacks, which FBI director Christopher Wray recently compared to addressing the challenge of global terrorism following the 9/11 attack.

The Increasing Economic Value of Digital Capital

Irving Wladawsky-Berger

A firm’s financial statement comprises two distinct types of assets. Tangible assets are mostly physical in nature, and include vehicles, land, plants, equipment, and furniture, as well as financial assets like stocks, bonds, account receivables, and cash which have a concrete contractual value.

The Current State of AI Adoption

Irving Wladawsky-Berger

For the past few years, McKinsey has been conducting a yearly online survey to help assess the state of AI adoption. The 2019 survey garnered responses from over 2,300 companies, and found that AI was becoming more mainstream, with nearly 80% of the responding companies using AI in some capacity.

The Emergence of Central Bank Digital Currencies

Irving Wladawsky-Berger

Bitcoin was created in October of 2008 with the release of Bitcoin: A Peer-to-Peer Electronic Cash System , the original design paper which also introduced the blockchain architecture.

The Social Network Is the Computer

Irving Wladawsky-Berger

“Human beings have always been a social species,” writes MIT professor Sinan Aral in the opening paragraph of The Hype Machine , his recently published book. “We’ve been communicating, cooperating, and coordinating with one another since we were hunting and gathering.”

How Covid Is Reordering the Global Economy

Irving Wladawsky-Berger

Issues 248

Is Work-from-Anywhere Here to Stay?

Irving Wladawsky-Berger

Remote work has been around for a few decades, but took off in the mid-late 1990s with the explosive growth of the Internet. There were predictions that the Internet would lead to the decline of cities , because technology was making location less relevant to our work and personal lives.

Ten IT Predictions for the Post-Pandemic New Normal

Irving Wladawsky-Berger

The Changing Nature of the Liberal Arts in the Digital Economy

Irving Wladawsky-Berger

What is meant by the liberal arts? Here is a succinct dictionary definition : “The academic course of instruction intended to provide general knowledge and usually comprising the arts, humanities, natural sciences, and social sciences, as opposed to professional or technical subjects.”

Change 195

The Current State of Cloud Computing

Irving Wladawsky-Berger

In June, 2008 I gave a talk at a conference on The Promise and Reality of Cloud Computing. In his closing remarks , the conference organizer noted that most everyone had agreed that something big and profound was going on, but they weren’t quite sure what it was they were excited about.

Data 182

How to Emerge Stronger in the Post-Pandemic New Normal

Irving Wladawsky-Berger

“What now?,” asked a recent McKinsey article on the implications of Covid for business. “Over the past six months, they have reorganized supply chains, set up remote operations, and made tough financial decisions.

How To 220

What Is Objective Reality?

Irving Wladawsky-Berger

I learned about The Constitution of Knowledge , - a 2018 National Affairs essay by author and journalist Jonathan Rauch , - from a recent OpEd by NY Times columnist David Brooks.

Issues 215

The Post-Pandemic Outlook for Technology, Jobs, and Skills

Irving Wladawsky-Berger

“The COVID-19 pandemic-induced lockdowns and related global recession of 2020 have created a highly uncertain outlook for the labour market,” said the World Economic Forum (WEF) in The Future of Jobs Report 2020.

Skills 168

The Intriguing Nature of Non-Fungible Tokens

Irving Wladawsky-Berger

The blockchain first came to light in 2008 as the digital ledger for bitcoin transactions. The blockchain creator’s original vision was limited to enabling peer-to-peer bitcoin transactions with no need for a bank or government agency to certify the validity of the transactions.

Buy 172

Building Better Jobs in an Age of Intelligent Machines

Irving Wladawsky-Berger

On November 18, the MIT Task Force on the Work of the Future released its final report , The Work of the Future: Building Better Jobs in an Age of Intelligent Machines.

Data 222

A Biological Framework for the Study of Labor Market Resilience

Irving Wladawsky-Berger

I recently read Universal Resilience Patterns in Labor Markets , - an article published earlier this year in Nature Communications by members of MIT Connection Science and the Max Planck Institute for Human Development.

Study 135

Why Business Transformation Efforts Often Fail

Irving Wladawsky-Berger

A 2019 study found that the average digitization level across all industry sectors was only around 25% of their ultimate potential. But, t he pandemic has now made the case for accelerating the digital transformations firms and economies were forced to make to help them cope with the crisis.

The Intangible Asset Revolution

Irving Wladawsky-Berger

A New Contract with the Middle Class

Irving Wladawsky-Berger

“The U.S. is a middle-class nation,” says the opening sentence of A New Contract with the Middle Class , an essay by Richard Reeves and Isabel Sawhill that was recently published by the Brookings Institution.

Class 151

AI Is Mostly About Business Value, Not Technology

Irving Wladawsky-Berger

A few months ago, Babson College professor Tom Davenport convened a virtual meeting of chief data and analytic officers (CDAO) from a variety of industries to discuss how to best achieve a return on investments (ROI) in AI. “We

Trends That Will Likely Shape a Highly Uncertain Year

Irving Wladawsky-Berger

A few weeks ago The Economist published The World in 2021 , it’s 35th annual look at the economic, political, social and cultural trends that will likely shape the coming year.

Trends 188

Why 70 Percent of Digital Transformations Fail

Irving Wladawsky-Berger

“Companies either transform or die in industrial revolutions,” writes former P&G executive Tony Saldanha in his recently published book Why Digital Transformations Fail. “Digital transformation is our current generation’s attempt to transform in the face of the Fourth Industrial Revolution.

AI Technologies Are Fundamentally Changing How Work Gets Done

Irving Wladawsky-Berger

After decades of promise and hype, artificial intelligence is finally becoming one of the most important technologies of our era. AI technologies, like machine learning, are clearly having a major impact on the very nature of work.

The State of AI Adoption - High Performers Show the Way

Irving Wladawsky-Berger

For the past few years, the McKinsey Global Institute has been conducting a yearly survey to assess the state of AI adoption. Its 2017 survey of over 3,000 AI-aware executive found that outside the technology sector, AI adoption was at an early, often experimental stage.

What Is the Social Responsibility of Business?

Irving Wladawsky-Berger

On September 13, 1970, the NY Times Magazine published an essay by University of Chicago economist and 1976 Nobel Prize recipient Milton Friedman - “ The Social Responsibility of Business is to Increase its Profits. ” Friedman’s essay turned out to be one of the most influential ever published in the world of business.

Issues 192

The Pace of Creative Destruction is Accelerating

Irving Wladawsky-Berger

“A gale force warning to leaders: at the current churn rate, about half of S&P 500 companies will be replaced over the next ten years,” is one of the key insights from the 2018 Corporate Longevity Forecast.

The Urgent Need to Strengthen the Nation’s Resilience

Irving Wladawsky-Berger

Following World War II and the onset of the Cold War with the Soviet Union, the US undertook a series of measures to strengthen the resilience of the country.

Issues 227

Building a More Resilient, Data-Driven Economy

Irving Wladawsky-Berger

“With each major crisis, be it war, pandemic, or major new technology, there has been a need to reinvent the relationships between individuals, businesses, and government,” wrote MIT professor Alex “Sandy Pentland in the first chapter of Building the New Economy.

Data 219

How Can Blockchain Become a Truly Transformative Technology?

Irving Wladawsky-Berger

I first became interested in blockchain technologies when in 2016 the World Economic Forum (WEF) named The Blockchain in its annual list of Top Ten Emerging Technologies citing its potential to fundamentally change the way markets and governments work.

After Years of Promise and Hype, Is AI Once More Failing to Deliver?

Irving Wladawsky-Berger

Data 191

The Real Business of Blockchain

Irving Wladawsky-Berger

The Evolution of American Capitalism - Tweaks, Reforms, or Wholesale Change?

Irving Wladawsky-Berger

“American capitalism has evolved time and again, and we may be poised for another such shift,” said a recent McKinsey article, Rethinking the future of American capitalism , by James Manyika , Gary Pinkus , and Monique Tuin. “Capitalism has contributed to significant gains in economic growth and prosperity throughout its history.

Change 169

An Increasingly Digital “New Normal”

Irving Wladawsky-Berger

About a dozen years ago, I attended a conference where I was interviewed on stage by then WSJ technology columnist Walter Mossberg.

Data 218

May the Network Force Be With You

Irving Wladawsky-Berger

May the Force Be With You has become part of popular culture since the words were first uttered in the 1977 Star Wars film.

How to Survive and Thrive in a World of Disruption

Irving Wladawsky-Berger

Looking back upon my long career , it’s frankly sobering how many once powerful IT companies are no longer around or are shadows of their former selves, e,g, Digital , Wang , Sun Microsystems , BlackBerry.

How To 245

Getting Through Highly Uncertain Times - Some Lessons Learned

Irving Wladawsky-Berger

What does it take to get through highly uncertain times, like the ones we’re in the middle of as we confront the Covid-19 pandemic? Like most of us, I’ve lived through times of high uncertainty in both my personal and professional lives.

Conceptualizing AI in Human Terms is Misleading and Potentially Harmful

Irving Wladawsky-Berger

“We speak of machines that think , learn , and infer.

Data 233

How Will Covid-19 Transform Urban Life?

Irving Wladawsky-Berger

System 207