Irving Wladawsky-Berger

The Blockchain Value Framework

Irving Wladawsky-Berger

In July, 2019, the World Economic Forum and Accenture released Building Value with Blockchain Technology , a white paper aimed at helping organizations evaluate blockchain’s benefits and build an effective business case.

Survey 204

The State of AI in the Enterprise

Irving Wladawsky-Berger

A few months ago, Babson College professor Tom Davenport gave a talk on the state of AI in the enterprise at the annual conference of MIT’s Initiative on the Digital Economy. His talk was based on two recent US surveys conducted by Deloitte, the first one in 2017 followed by a second in 2018.

Data 239

Using Agile Processes to Develop AI-Based Solutions

Irving Wladawsky-Berger

In the waterfall development model , a project is broken down into a set of sequential phases, - e.g., conception, analysis, design, construction, testing, deployment, maintenance, - each dependent on the completion of the previous phase.

The Transformative Power of Blockchain

Irving Wladawsky-Berger

“Blockchain matters because no business operates in isolation,” says Blockchain for Business , a recently published book by Jai Arun , Jerry Cuomo , and Nitin Gaur. “Multiple institutions can achieve more together than any single institution can alone.

How We Learned to Prosper Using Fewer Resources

Irving Wladawsky-Berger

“We have finally learned how to tread more lightly on our planet. It’s about time,” writes Andrew McAfee in the Introduction to his new book, More from Less : The Surprising Story of How We Learned to Prosper Using Fewer Resources - and What Happens Next.

How to Support the Widespread Adoption of AI

Irving Wladawsky-Berger

“Artificial intelligence is reshaping business - though not at the blistering pace many assume,” notes Building the AI-Powered Organization , an article in Harvard Business Review by McKinsey partners Tim Fountaine , Brian McCarthy , and Tamim Saleh in its opening sentence.

The Future of Work in the US: A Tale of Multiple Americas

Irving Wladawsky-Berger

The US economy looks good by almost any measure. Unemployment is at historical low levels , forcing employers to raise wages and become more aggressive about hiring and training workers. There are more job openings than unemployed people to fill them. Inflation remains low.

The Productivity Paradox: Digital Abundance and Scarce Genius

Irving Wladawsky-Berger

Despite the relentless advances of digital technologies, productivity growth has been declining over the past decade. Investment and interest rates have remained low, and income has continued to stagnate for the majority of workers in the US and other developed economies.

Free-Market, Free-Trade Capitalism at a Crossroads

Irving Wladawsky-Berger

The global economy has undergone considerable change over the past few decades. Results have been mixed. On the positive side, t he digital revolution has significantly improved the quality of life of billions around the world.

Issues 197

The Economic Value of Digital Identity

Irving Wladawsky-Berger

Identity plays a major role in our everyday life. It’s the key that determines the particular transactions in which we can rightfully participate as well as the information we’re entitled to access.

Data 211

Despite Their Huge Upside Potential, Why Do Most Platforms Fail?

Irving Wladawsky-Berger

The (Updated) Purpose of the US Corporation

Irving Wladawsky-Berger

Issues 173

Blockchain - the Networked Ecosystem is the Business

Irving Wladawsky-Berger

A few weeks ago I attended two back-to-back blockchain events in Toronto, - the Blockchain Research Institute All-Member Summit followed by the inaugural Blockchain Revolution Global conference. Both events included a number of excellent talks and panels.

The Third Wave of the Digital Economy - Promises and Challenges

Irving Wladawsky-Berger

“The next wave of digital innovation is coming. Countries can welcome it, prepare for it, and ride it to new heights of innovation and prosperity, or they can ignore the changing tide and miss the wave,” writes Robert Atkinson in The Task Ahead of Us.

Data 223

The Business Value of Augmented Reality

Irving Wladawsky-Berger

I recently heard a very interesting presentation at the 2019 MIT CIO Symposium , - Why Companies Need an Augmented Reality Strategy , - by Harvard professor Michael Porter and James Heppelmann , CEO of PTC , an industrial consulting company.

Data 196

A Quarter Century into the Digital Age

Irving Wladawsky-Berger

The digital age was born around 25 years ago with the public release of the Netscape browser in 1994. The browser made it much, much easier for the average person to access information over the Internet, sparking the explosive growth of users, websites and online applications.

Survey 172

Redefining Work - Leveraging Human Capabilities in a Future of Expanding Automation

Irving Wladawsky-Berger

How will labor markets evolve in our 21st century digital economy? What’s the likely future of jobs, given that our increasingly smart machines are now being applied to activities requiring intelligence and cognitive capabilities that not long ago were viewed as the exclusive domain of humans?

System 246

Automation and the Changing Demand for Workforce Skills

Irving Wladawsky-Berger

In 2015, the McKinsey Global Institute launched a multi-year study to explore the potential impact of automation technologies on jobs, organizations and the future of work. In the intervening three years, the study has published a number of report on the subject.

Skills 259

The Economic Value of Artificial Intelligence

Irving Wladawsky-Berger

PwC recently released a report on the potential economic value of AI to different regions and industry sectors around the world.

Data 251

The Challenges of Automation in a Fast Changing Economy

Irving Wladawsky-Berger

Change 167

A Novel Method for Measuring the Value of Free Digital Services

Irving Wladawsky-Berger

Gross domestic product (GDP) is the basic measure of a country’s overall economic output, based on the market value of all the goods and services the country produces. Most measures of economic performance used by government officials to inform their policies and decisions are based on GDP figures.

Data 194

AI and our Social Interactions

Irving Wladawsky-Berger

I recently wrote about the event I attended on February 28 to celebrate the launch of MIT’s Schwarzman College of Computing.

Issues 205

The Top Ten Emerging Technologies of 2018

Irving Wladawsky-Berger

For the past several years, the World Economic Forum (WEF) has published an annual list of the Top Ten Emerging Technologies that would be potentially disruptive over the next three to five years while also providing significant benefits to economies and societies.

From “Buy What We Have” to “Connected Customer Strategies”

Irving Wladawsky-Berger

Adapting to the ongoing digitization of the economy is one of the key challenges faced by just about every company around the world.

Buy 172

AI and the Evolution of History

Irving Wladawsky-Berger

Data 192

Is the Digital Revolution At Last Shaking Up Banking?

Irving Wladawsky-Berger

Digital transformations have generally followed three distinct stages. First comes the use of IT to improve the productivity and quality of back- and front-end processes.

Data 172

The Current State of AI Adoption

Irving Wladawsky-Berger

AI is seemingly everywhere. In the past few years, the necessary ingredients have finally come together to propel AI beyond early adopters to a broader marketplace: powerful, inexpensive computer technologies; advanced algorithms; and huge amounts of data on almost any subject.

Will Humans Be Better Off in an Increasingly AI-Based Future?

Irving Wladawsky-Berger

After decades of promise and hype, artificial intelligence is finally becoming one of the most important technologies of our era. As AI continues to both spread and advance, will it enhance human capacities or will it lessen human autonomy and agency?

System 213

The Puzzling Personal Productivity Paradox

Irving Wladawsky-Berger

The past 10-15 years have seen a number of technology advances, from smartphones to machine learning. Yet, despite these impressive advances, for most of this period economies around the world have been stuck in an era of slow productivity growth.

Globalization in Transition

Irving Wladawsky-Berger

I recently read two interesting reports on the state of globalization in 2019, one by The Economist, the second by the McKinsey Global Institute. They both agree on the facts, - globalization and global trade have been undergoing considerable changes since the 2008 global financial crisis.

Cost 194

The Impact of AI on the World Economy

Irving Wladawsky-Berger

A few weeks ago I wrote about the economic value of AI based on a recently published report by PwC. The report’s overriding finding was that AI technologies and applications will increase global GDP by up to 14% between now and 2030, the equivalent of an additional $15.7

Data 222

Beyond Machine Learning: Capturing Cause-and-Effect Relationships

Irving Wladawsky-Berger

Artificial intelligence is rapidly becoming one of the most important technologies of our era. Every day we can read about the latest AI advances from startups and large companies.

Data 206

Despite All the Bad News that Surround Us… Is the World Actually Getting Better?

Irving Wladawsky-Berger

News 194

The Business Value of Resilience

Irving Wladawsky-Berger

The Industrial Revolution was “as much about process innovations that reduced waste and increased productivity as it was about the application of new technologies,” wrote Roger Martin in a recent Harvard Business Review (HBR) article, - The High Price of Efficiency.

Price 196

The Myth of the Washed-Up, Middle-Age Entrepreneur

Irving Wladawsky-Berger

Steve Jobs, Bill Gates, and Mark Zuckerberg were in their early 20s; Sergei Brin and Larry Page were 25; and Jeff Bezos was just 30 when they founded their world leading high-tech companies.

Decision Making in Our Increasingly Complex Organizations

Irving Wladawsky-Berger

A couple of years ago I attend a seminar by University of Toronto professor Avi Goldfarb , who along with UoT colleagues has been conducting research on the economic value of AI.

Is Blockchain Now Transitioning to a More Mundane and Useful Era?

Irving Wladawsky-Berger

Blockchain was created around a decade ago as the public, distributed ledger for the Bitcoin cryptocurrency.

Issues 184

The Rise of Global, Superstar Firms, Sectors and Cities

Irving Wladawsky-Berger

In the 1990s, t he Internet was supposed to usher a much more open, decentralized, democratic economy and society. Startups with innovative business models where now able to reach customers anywhere, anytime.

Data 194

Serverless Computing - An Innovative Approach to Software Development

Irving Wladawsky-Berger

I n October of 2008, The Economist published a special report on a then relatively new, rapidly growing IT development, - cloud computing.

Once Lumbering, Now Innovative Incumbents Hit Their Stride

Irving Wladawsky-Berger

Last year, IBM’s Institute for Business Value published Incumbents Strike Back , a global C-suite study based on survey data from over 12,800 executives from 112 countries, including CEOs, CFOs, CMOs, COOs, CIOs, and CHROs.

The New, Interdisciplinary, MIT Schwarzman College of Computing

Irving Wladawsky-Berger

A few months ago, MIT president Rafael Reif announced the launch of the Stephen A.

Data 177

Fostering an Innovation Culture: Talent, Discipline and Leadership

Irving Wladawsky-Berger

Innovation has been a hot topic for the past few decades. Companies all over the world have integrated innovation into their overall strategies and marketing campaigns.

Are Innovation and R&D Yielding Decreasing Returns?

Irving Wladawsky-Berger

Given the pace of technological change, we tend to think of our age as the most innovative ever. But over the past several years, a number of economists have argued that increasing R&D efforts are yielding decreasing returns. Has the ideas machine broken down?