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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. Overall, the 2018 survey found that while the business world had begun to adopt AI, few companies had in place the foundational building blocks that would help them to generate value from AI at scale.

How to Support the Widespread Adoption of AI

Irving Wladawsky-Berger

Only 8% of firms are engaged in practices that support widespread adoption. In our surveys and our work with hundreds of clients, we’ve seen that AI initiatives face formidable cultural and organizational barriers… at most businesses that aren’t born digital, traditional mindsets and ways of working run counter to those needed for AI.”. To support the widespread adoption of AI, companies must make three fundamental shifts.

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IT, Productivity and Organizational Capital

Irving Wladawsky-Berger

But, to achieve long term economic growth, as well as gains in our standard of living , the US must also focus on innovation and productivity growth. US labor productivity - “the amount of goods and services that a laborer produces in a given amount of time” - grew at only 1.5% This period of slow productivity coincided with the rapid growth in the use of computers in business, giving rise to the Solow. invest in corporate culture.

Leveraging Commercial Best Practices to Maximize Government Productivity

Irving Wladawsky-Berger

On October 6, the Technology CEO Council released its report One Trillion Reasons: How Commercial Best Practices to Maximize Productivity Can Save Taxpayer Money and Enhance Government Services. By harnessing major technological shifts and adopting best business practices, we can not only make our government far more productive, but also foster greater innovation in areas ranging from healthcare to education and energy – innovation that will generate economic growth and job creation. “We

Artificial Intelligence is Ready for Business; Are Businesses Ready for AI?

Irving Wladawsky-Berger

asks McKinsey in a recently published report - Artificial Intelligence: the Next Digital Frontier. “AI adoption outside of the tech sector is at an early, often experimental stage,” is the report’s succinct answer. “Few firms have deployed it at scale.”. Only 20 percent of respondents had adopted AI at scale in a core part of their business. 40 percent were partial adopters or experimenters, while another 40 percent were essentially contemplators.

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

Irving Wladawsky-Berger

Most potentially transformative technologies go through the kind of adoption cycles that Orcutt has (metaphorically) compressed into three years. Quite a bit of that hype has now turned into disappointment, - perhaps outright disillusionment, - as people realize that blockchain is still in its early phases of adoption, and much remains to be done if it’s to successfully transition from early adopters to mainstream markets. Pilots will go into production.

The Internet, Blockchain, and the Evolution of Foundational Innovations

Irving Wladawsky-Berger

A disruptive innovation is one that successfully challenges a traditional product or business model with a lower cost solution, typically developed by a small company with few resources. But the adoption process of foundational technologies like blockchain is gradual, incremental and steady, unlike the hockey stick adoption we typically associate with disruptive innovations. What’s the likely adoption process for foundational technologies like blockchain?

Blockchain and the Promise of an Open, Decentralized Internet

Irving Wladawsky-Berger

There’s generally a considerable time-lag between the time we start reading articles about their exciting potential and their adoption by companies and industries across the marketplace. You could track the status of your packages, access the latest sports results, check the weather of any city in the world or buy from an online catalog with nothing more than a browser and an Internet connection.

Artificial Intelligence is Ready for Business; Are Businesses Ready for AI?

Irving Wladawsky-Berger

asks McKinsey in a recently published report - Artificial Intelligence: the Next Digital Frontier. “AI adoption outside of the tech sector is at an early, often experimental stage,” is the report’s succinct answer. “Few firms have deployed it at scale.”. Only 20 percent of respondents had adopted AI at scale in a core part of their business. 40 percent were partial adopters or experimenters, while another 40 percent were essentially contemplators.

How Will AI Likely Impact How We Work, Live and Play?

Irving Wladawsky-Berger

When are we likely to see self-driven vehicles coursing along our streets and highways? “It is not yet clear how much better self-driving cars need to become to encourage broad acceptance,…” notes the AI100 report. “ But if future self-driving cars are adopted with the predicted speed, and they exceed human-level performance in driving, other significant societal changes will follow.”.

System 189

Bridging the World’s Knowledge Divide: Technology + Competition, Skills and Institutions

Irving Wladawsky-Berger

Regulations that promote competition : Lowering the cost of starting firms, avoiding monopolies, removing barriers to adoption of digital technologies, ensuring the efficient use of technology by businesses, enforcement of existing regulations, …. Mishra’s observations bring to mind similar discussions around the impact of technology on business and economic productivity.

Skills 161

The (Uneven) Digitization of the US Economy

Irving Wladawsky-Berger

Digital innovation, adoption, and usage are evolving at a supercharged pace across the US economy,” notes the report in its opening paragraph. “As This gap points to substantial room for much of the economy to boost productivity. The companies with the highest returns on their technology investments did more than just buy technology; they invested in organizational capital to become digital organizations. Build - or buy - the capabilities of the future.

Data 148

The Startup Version of the Wealth Gap

Irving Wladawsky-Berger

New products and services get discovered and adopted at a speed never seen before, driven by the networked economy and always-on rich communication.”. As a result, adoption happens faster. Freemium models only drive the adoption curves even faster.”. Start-ups no longer have to buy hardware or build data centers. The day Agile software development delivers a finished build, the product or service can go live to the world.

The Datafication of Business and Society

Irving Wladawsky-Berger

But digitalization , - its companion concept which captures the impact of the digital revolution on the economy and society, - has been in use since computers were widely adopted around 60 years ago. Its ensuing digital products have been generating all that data and its drastically lower technology costs have made it possible to store and analyze those oceans of information.

Data 190

The Continuing, Transformative Impact of IT

Irving Wladawsky-Berger

billion people will become consumers by 2025, that is, they will earn enough to buy goods and services beyond meeting their basic needs. Local companies and global businesses will develop products and services specifically aimed at these newly enfranchised consumers. With billions rising out of poverty and joining the middle class and a rising global population, we can expect an increased demand for these critical resources as well as for products and services of all kinds.

Data 204

Blockchain and the Promise of an Open, Decentralized Internet

Irving Wladawsky-Berger

There’s generally a considerable time-lag between the time we start reading articles about their exciting potential and their adoption by companies and industries across the marketplace. You could track the status of your packages, access the latest sports results, check the weather of any city in the world or buy from an online catalog with nothing more than a browser and an Internet connection.

En Route to the Cashless Society

Irving Wladawsky-Berger

He writes about his experiences buying a cappuccino at a coffee house in New York City. Both products were announced last year by the San Francisco-based startup Square. And your smartphones will serve as beacons that will alert a retailer when you walk into its store so that it can recommend products, show you reviews, or direct you to aisle five, where that beanbag chair you didn't buy last week still beckons - and you can now have it for 10% off.” .

A Riddle, Wrapped in a Mystery, Inside an Enigma

Dan Pontefract

Perhaps prescient Churchill was not only referring to Russia, but the pending organizational cultural shift that beckons today’s companies and institutions. Perhaps they too could help you in your quest for an organizational culture shift; an org that becomes more efficient and effective in the many facets of operating in the year 2010 and beyond, and that includes the contrivances I point out above. Buy Here. Buy Here. culture dots inside your org of tomorrow.

Social Business: e-business 2.0. and Beyond

Irving Wladawsky-Berger

Grandparents are talking to their grandchildren, leveraging social media just as clients are impacting companies’ products using the same tools.”. “A This requires a coordinated, three-pronged approach, with leadership driving the initiative, human resources supporting the necessary cultural change, and IT providing the necessary tools. Complex Systems Economic Issues Education and Talent Innovation Management and Leadership Smart Systems Society and Culture Technology and Strateg

Buyer/organisation alignment

Dave Snowden

It is all part of the natural life cycle of products and this is the third time I have been through it in my career. You start with the enthusiasts who will buy (and part fund) and idea, then the market shifts and people now less concerned about how you do it, more about what they will get. It contrasts early and late adoption between buyer and organisation. So you have four options: Early adopter buyer in an early adopter organisation.

The Management of Disruptive Innovations

Irving Wladawsky-Berger

The management of disruptive innovations is very different when looking at relatively simple or self-contained technologies, products or services versus highly complex platforms and infrastructures. Unrealistic predictions are then made about the near term impact and rate of adoption of the new innovation, because the innovation in question is quite complex in nature, but the predictions assumes that it is on the simpler end of the spectrum. .

Open, Collaborative Trust Frameworks

Irving Wladawsky-Berger

The notion of adopting such an approach for the development of digital trust frameworks feels like another major disruptive initiative with potentially major implications. Self-organizing, open communities are now well accepted as a production model for complex initiatives with major societal benefits, - like trust frameworks. End users benefit from free, personalised consumer experiences such as Internet search, social networking or buying recommendations.” “And

Newspapers, Paywalls, and Core Users ? Clay Shirky

Clay Shirky

This may be the year where newspapers finally drop the idea of treating all news as a product, and all readers as customers. Finally, and most recently, were a pair of announcements last month: The Chicago Sun-Times was adopting a new threshold charge , and the Minneapolis Star-Tribune said that their existing one was also working well. Taken together, these events are a blow to the idea that online news can be treated as a simple product for sale, as the physical newspaper was.

I Know It When I See It

Andy McAfee

product?&# – are just windowdressing on products that are still essentially geared for Collaboration 1.0. Whose products at present come closest to enabling Web 2.0-style collaboration and interaction in enterprise environments? products that lack the ability to produce “meaningful&# RSS feeds. This all has one mutually beneficial purpose: Businesses want to create the products and services their customers are interested in, in order to be more successful.

A Time of Institutional Recomposition

Irving Wladawsky-Berger

The recomposition is being led by those industries and companies that use technology most intensively, and that have also invested in the organizational capital needed to effectively restructure their companies so they can translate the technology advances into increased productivity, quality and customer service. Complex Systems Economic Issues Education and Talent Innovation Management and Leadership Political Issues Society and Culture Technology and Strategy

Reinventing Relationships

Irving Wladawsky-Berger

Forty years ago, for example, the computer industry consisted primarily of expensive mainframes and supercomputers that only larger institutions could afford to buy and operate. The key issue is organizational capital , that is, the management practices and cultural adjustments needed to enable the organization to deploy and take advantage of these new capabilities. On September 16, I will join the IBM Lotus team in an event in New York City - Reinventing Relationships.

Bigger is Not Necessarily Better in Our Information-Rich Digital Economy

Irving Wladawsky-Berger

I recently read an intriguing column, - The End of Mass Production , - by technology author and columnist Kevin Maney. The mass production of standardized products is a defining hallmark of the 20th century industrial economy, bringing high productivity and low costs to a wide variety of products, - from household appliances to cars. Information technology is eroding the power of large-scale mass production.

Reflections on Cloud Computing

Irving Wladawsky-Berger

It's wildly popular with startups, exactly fits the way small businesses like to buy things, and has the potential to completely upend IT as we know it. Not at all, any more than the Web proved important only to its early adopters. As we learned in manufacturing over the last thirty years, you cannot achieve world-class productivity and quality unless you leverage engineering disciplines and real-time information and considerably simplify your processes and architectures.

Data 100

The “New” Recruiter

Kevin Wheeler

They have ranged from business process re-engineering to Six-Sigma quality and have been responsible for the productivity gains world economies have enjoyed, as well as for the lower prices and better quality of most products we use. We expect everything we buy to work immediately with little to no need for an instruction booklet, and last for a long time without the need for repair. Motivation and cultural fit are just as important.

Price 151

Pareto Power and Leveraged Growth

John Hagel

  Yet, most companies have not yet learned that cost reduction buys temporary relief at best.  So, let’s start with the various roles that networks can play in amplifying growth: Generating new product ideas – Not much need be said here. We are all familiar with the role of networks in scanning the environment for promising technologies and product ideas as well as evaluating product ideas. 

Cost 107

stevenberlinjohnson.com: The iPhone

Steven Berlin Johnson

stevenberlinjohnson.com « Powells.com Interview | Main | » The iPhone I dont think I have ever felt such an overwhelming desire to own -- no, just to touch -- a product in my life. I used to go out of my way to buy albums I knew I was going to really love on CD for the better audio, but eventually the speed and convenience of just clicking on a "buy this album" button won out.

Notes from ALT-C

Stephen Downes: Half an Hour

"The notion of students as change agents is a relatively new concpt." -- Malcom Ryan Rachel Winston How we can shape the development of a new culture of learning by creating a new partnership between students and educators. political view of the prevailing culture 1. wikipedia, (compare with microcosm - which linked to dictionary definitions - but you had to buy the OED to do it

Beyond Free ? Open Learning in a Networked World

Stephen Downes: Half an Hour

It''s not simply the money, but it''s the background, the expectations, the culture, and the values that money can buy." And they''re saying what we really need is a culture change in the institution, that what we really need is accountability – perhaps to the BMO financial group that offered this study. And it threatens the commons, the common heritage, common knowledge, common culture that we all thought that we own. or you can buy the season for $29.99

stevenberlinjohnson.com: Games and the iPhone

Steven Berlin Johnson

That would be prettyintense if Apple limited a crucial feature exclusively to users of aMicrosoft product. It hit me reading his book that therapy--where us shrinks try to deal with the aftereffects of alignment/misalignment with pop culture has not kept up with the "multithreaded lines" of the Seinfelds, Sopranos, etc of the world. Apple should buy out BusyMac to enable over-the-air iPhone syncing.

Web 2.0 and Change Present Challenges to Many Learning Executives

Jay Cross's Informal Learning

When organizations adopt new technologies, all of a sudden, things don’t cost as much. LXB: We hear a lot of CLOs talk about the issues they have with changing the culture in their organizations. A lot of the questions focused on culture. As far as the learning executive is concerned, you don’t need to come up with a rock-solid case with three-decimalpoint accuracy, you just need to come up with something that the (CFO) will buy into. Web 2.0

myths, markets, & mistakes

Harold Jarche

Yogurt gets a culture shock (Daily Express, 11 November 2003, page 19). It’s a bit of a mouthful, but Brussels bureaucrats wants to replace the word “yogurt” with the label “mild alternate-culture heat-treated fermented milk”. At present UK yogurt manufacturers cannot sell some of their products in France, which is the type of problem the commission is trying to address. Every fortnight I curate some of the observations and insights that were shared on social media.

What Universities Must Learn About Social Networks

Jay Cross

We rely on colleagues and social networks to separate the signal from the noise; their advice makes our experiential learning productive. McKinsey & Company reports that implementing social business creates: Improved business performance (profit, productivity, margins, etc). A handful of universities have adopted some aspects of web 2.0 What Universities Must Learning About Social Networks. By Jay Cross | Chief Executive Officer, Internet Time Alliance.

Education Technology Strategies - Day Two

Stephen Downes: Half an Hour

Knowledge is like buying a car - drive it off the lot and it''s out of date.

Why We Need the New News Environment to be Chaotic ? Clay Shirky

Clay Shirky

You just have to demand, and be willing to pay for, a news product worthy of your affections. Matlack’s sentiment is clearly heartfelt, and creating a high-quality product for a group of loyal and passionate readers willing to pay for it certainly sounds like an interesting business to get into. Buy a newspaper. None of the models being tried today are universally adoptable; the most we can say is that each of them happens to work somewhere, at least for the moment.

News 76

Global Science Excellence in Canada

Stephen Downes: Half an Hour

Tanya Roussy says we should stop trying to buy talent and instead try to develop it. " An innovative private sector is critical to translate Canada’s high-quality knowledge production into marketable products that bring productivity gains and deliver commercial solutions to various industries." And without this investment, no amount of government intervention can buy an innovation society. Sean Elliott calls on science to buy locally. "If

[berkman] Piracy in developing countries

David Weinberger

Q: Do people have a reason to buy legal works for anything except fear of enforcement? People buy legal works only for other reasons. Our goal is to encourage developing cvountries to ssert more control over their IP policies and enforcement in order to enrich their own culture. E.g., the biz sw strategy is to allow rampant priacy to ensure universal adoption, and then they begin to enforce against the most vulnerable institutions: municipal gov’ts, etc.

Price 136

MOOC - The Resurgence of Community in Online Learning

Stephen Downes: Half an Hour

slide 1 – MOOC Wordle] My objective in this talk is to address how the massive open online course (MOOC) will impact the future of distance education, and in particular, strategies and examples of the use of MOOCs to promote cultural and linguistic diversity. The proposition I will offer is that MOOCs give us a new way to understand learning, and hence, a new way to understand certain types of learning, such as for example learning that supports diversity in language and culture.

Course 202

Edge Perspectives with John Hagel: Innovating on the Edge of Big Waves

John Hagel

Surfing was pursued with great rituals and it served a key role in Hawaiian culture to strengthen the status of the king and nobility relative to commoners. Surfing enthusiasts in southern California developed a distinctive lifestyle and culture on the margin of 1950’s button-down culture. These demanding customers could prompt significant innovation in both product design and distribution processes in an effort to deliver greater value at lower cost.