Remove Adoption Remove Change Remove Productivity Remove Report

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. Most of these companies saw measurable benefits from their AI deployment, with 63% reporting year-over-year (YOY) revenue increase, while 44% reported YOY cost savings.

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

The Current State of AI Adoption

Irving Wladawsky-Berger

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. Two recent reports concluded that, over the next few decades, AI will be the biggest commercial opportunity for companies and nations. Overall, the business world is beginning to adopt AI. AI is seemingly everywhere.

How to Support the Widespread Adoption of AI

Irving Wladawsky-Berger

A number of studies agree that AI is the biggest commercial opportunity for companies and industries over the next 10-15 years. Two recent reports by McKinsey and PwC respectively concluded that AI has the potential to incrementally increase global economic output between now and 2030 by an additional $13 to $15 trillion. Only 8% of firms are engaged in practices that support widespread adoption. But during this period of rapid IT growth, US labor productivity grew at only 1.5%

Generations, Social and Enterprise: adopt vs adapt

Martijn Linssen

and Social are about humans, people, change management, radical organisation change, and, in the end, about tools And, on the field of Integration, the theme of adopt versus adapt has always played the most significant role in my working life. Do we adopt the industry standards? I will just name Intimacy versus Anonymity and Proximity versus Distance, and point to the meaning of Change versus Growth. Employees arent used to adopting.

AI and the Productivity Paradox

Irving Wladawsky-Berger

But, at the same time, productivity growth has significantly declined over the past decade, and income has continued to stagnate for the majority of Americans. This puzzling contradiction is addressed in Artificial Intelligences and the Modern Productivity Paradox , a working paper recently published by the National Bureau of Economic Research (NBER). Economists have proposed competing explanations for declining productivity growth and so far have failed to reach a consensus.” .

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. Some contend, - most prominently Northwestern University economist Robert Gordon , - that over the past few decades there’s been a fundamental decline in innovation and productivity. Demographic change , namely, the declining population and labor force growth around the world, is another potential cause for slow economic growth.

AI and the Productivity Paradox

Irving Wladawsky-Berger

But, at the same time, productivity growth has significantly declined over the past decade, and income has continued to stagnate for the majority of Americans. This puzzling contradiction is addressed in Artificial Intelligences and the Modern Productivity Paradox , a working paper recently published by the National Bureau of Economic Research (NBER). Economists have proposed competing explanations for declining productivity growth and so far have failed to reach a consensus.” .

Change in Education and What Needs to be Done

Stephen Downes: Half an Hour

Published as Change in Education and What Needs to be Done , 15 pages, 2020, Maysan Center for Future Studies. In recent months we as a global community have experienced a hard lesson about the nature of change. Either way, what we do today will change what happens tomorrow.

Webinar Software - Adoption Advice

Clark Quinn

Good question about adoption of webinar software / services - this time from someone who went to my workshop in Cincinnati - Revolution in Workplace Learning - who by the way - called it "awesome." Here's the question: We are currently moving toward web-based training for an external audience and have been experimenting with a modest product called Ready Talk. We are considering moving to other products such as Adobe Connect. Can you change out technically fairly easily?

Automation and the Changing Demand for Workforce Skills

Irving Wladawsky-Berger

In the intervening three years, the study has published a number of report on the subject. The first report , published in November, 2015, explored whether we can look forward to vast improvements in productivity and quality of life, or whether automation will mostly threaten jobs, disrupt organizations, and strain the social fabric. McKinsey’s December, 2017 report analyzed whether there will be enough work in the future.

Skills 191

Webinar Software - Adoption Advice

Tony Karrer

Good question about adoption of webinar software / services - this time from someone who went to my workshop in Cincinnati - Revolution in Workplace Learning - who by the way - called it "awesome." Here's the question: We are currently moving toward web-based training for an external audience and have been experimenting with a modest product called Ready Talk. We are considering moving to other products such as Adobe Connect. Can you change out technically fairly easily?

The Link Between BYOD and Increased Productivity

TOPYX LMS

Accessing mission critical information, including eLearning and other online learning resources, with an employee’s own device whenever and wherever they may be reduces a barrier that limits adoption and engagement. A BYOD policy also makes it easy for employees to access corporate data and online training materials, which can increase productivity. Of all the benefits listed here, increased productivity usually pleases company leaders most.

The Puzzling Technology Adoption Discrepancy Between Individuals and Institutions

Irving Wladawsky-Berger

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 initiative, co-led by John Hagel and John Seely Brown , is an attempt to quantify what Deloitte calls The Big Shift , the long term transformations in the global business environment over the past several decades, brought about by the rapid advances in digital technologies as well as major changes in public policy. .

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. The report identifes a set of recommendations aimed at reducing US government spending by one trillion dollars over the next decade. Both operate in increasingly fast-changing environments, which are subject to more frequent, serious and unpredictable problems.

Business or Pleasure? - why not both: The product-to-service.

Martijn Linssen

why not both Home About Contact Saturday, 21 August 2010 The product-to-service financial ratio Yesterday I saw a tweet by Frank Scavo : Chatting with a vendor about implementation cost to software license cost ratios. Back to the topic : there is a clear, direct and fairly linear relation between the initial cost of a product, and the additional cost(s) involved servicing it. In big IT companies, there isnt much enthusiasm to be found for selling Open Source products.

To Really Drive Enterprise 2.0 Forward We Need A Behaviour Change

Dan Pontefract

A joint effort of Capgemini Consulting and the MIT Center for Digital Business resulted in a wonderful report recently published entitled, “ Digital Transformation: A Road-Map for Billion-Dollar Organizations ”. One key line struck me: Whether using new or traditional technologies, the key to digital transformation is re-envisioning and driving change in how the company operates. Why do I land on productive, and not collaborative, or engaged, or learned, or reciprocal, or connected?

Adopting The No Asshole Rule: Don't Bother If The Words Are.

Bob Sutton

Management maxims in need of a makeover - US News and World Report. James Adams: Good Products, Bad Products: Essential Elements to Achieving Superior Quality. Howard Gardner: Changing Minds: The Art and Science of Changing Our Own and Other Peoples Minds. Guy Kawasaki: Enchantment: The Art of Changing Hearts, Minds, and Actions. May: The Shibumi Strategy: A Powerful Way to Create Meaningful Change. Stanford Reports: The Acceptance Speech.

A cool new (free!) productivity tool | Daniel Pink

Dan Pink

Pink is the author of four provocative bestselling books about the changing world of work. Personal Productivity (14). productivity tool At the heart of most organizations is a disconnect. It’s not a magic elixir for anybody’s productivity woes. Browse Similar Posts: Motivation , Personal Productivity , Tools. This is a great tool, productivity tracking = awesome! Another great, free productivity tool that I use is todoist.com. Dan Pink. Contact.

Edge Perspectives with John Hagel: Gladwells Cellular Church

John Hagel

They adopted and refined the technique of organizing in small cells to achieve change. He notes that “historically, churches have sacrificed size for community” but that this changed back in the 1970s and 1980s when the evangelical movement began to build megachurches. As Gladwell reports, Warren’s great talent is organizational. These groups are not just worshipping and praying together, they are contributing time and money to change the world.

The Current State of Cloud Computing

Irving Wladawsky-Berger

A few months later, The Economist published a special report on cloud computing with several articles on the subject. Computing has constantly changed shape and location - mainly as a result of new technology, but often also because of shifts in demand.

Data 175

Pick of the Month: June 2012 – Informal learning, Yammer, collab platforms, change, and keep learning

Jane Hart

A brief quiz tells you whether your organization needs to adopt formal or informal approaches. ” And then at the end of the month (28 June) Training Journal reported that Leaders prefer informal learning, research find - something that many of us have known for a long time! The Economist in Social whirl (23 June) reported that it highlights Microsoft’s clients’ … “… growing appetite for setting up their own networks” .

Yammer 164

AI Is Mostly About Business Value, Not Technology

Irving Wladawsky-Berger

In 2018, PwC released a report on the long-term economic value of AI. The report’s overriding finding was that AI is the biggest commercial opportunity for companies, industries and nations over the next few decades.

How Covid Is Reordering the Global Economy

Irving Wladawsky-Berger

The covid-19 pandemic will accelerate change in the world economy,” says The Economist. Let me discuss the three key areas where The Economist expects long-lasting changes: globalization, digitization and inequality.

Issues 243

New Directions for Government in the Digital Age

Irving Wladawsky-Berger

Companies - especially large, global corporations - have leveraged digital innovations to improve their productivity and competitiveness and adapt better to these powerful technology and market changes.

Google Plus – One Social Networking Tool to Rule Them All

Luis Suarez

Like I have mentioned yesterday, it’s been a few days already since I jumped the shark and joined the bunch of early adopters who have been hammering down, and taking for a spin, the latest iteration of Google to get social with Google Plus , right after Google Wave and Google Buzz. and all along it’s been quite exciting being ahead of the curve from other waves of adopters or the mainstream itself. And somehow that feels rather liberating… For a change.

Tools 211

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. The report’s overriding finding is that AI is the biggest commercial opportunity for companies, industries and nations over the next few decades. trillion of the expected GDP growth will come from productivity gains, especially in the near term. Developing economies will experience more modest GDP growth due to their lower AI adoption rates.

Data 193

The State of AI in the Enterprise

Irving Wladawsky-Berger

Davenport was a co-author of both reports. All of these respondents were early AI adopters compared with their counterparts in an average company, - 90% were directly involved in their company’s AI projects, and 75% said that they had an excellent understanding of AI. 63% of respondents had adopted machine learning, an increase of 5% over the 2017 survey and 50% were using deep learning. Early AI adopters struggle with an array of basic challenges.

Survey 184

Reflections from 2011 – A World Without Email – The Documentary

Luis Suarez

( WARNING : I do realise that I have already included a warning and word of caution throughout this article about the length of it, but I thought I would let folks know as well how if you would just want to check out the yearly progress report you would just need to read the first section and move on to other things. I mean, the progress report, because the initiative itself has been working wonderfully all right all along. A World Without Email – The Progress Report.

Why Some AI Efforts Succeed While Many Fail

Irving Wladawsky-Berger

Winning with AI , - a 2019 report based on a survey jointly conducted by the MIT Sloan Management Review and the Boston Consulting Group , - found that 90% of respondents agree that AI represents a business opportunity for their company.

Survey 203

The Urgent Need to Strengthen the Nation’s Resilience

Irving Wladawsky-Berger

These included a significant expansion of government support for scientific research in universities and R&D labs, leading to product innovations from the private sector and better weapons from the defense industry, - and making the US the most prosperous and secure nation in the world.

Issues 222

The Soft Skills of Collaboration and The Social Enterprise

Luis Suarez

Use It To Drive A Successful Social Business &# where she comes to confirm what a whole bunch of us have been saying all along for a while now; that for an Enterprise to succeed in living social culture is going to play a key role at the same time that online communities will continue to be the major drivers of social software adoption, both inside and outside of the firewall. IBM Innovation Knowledge Management Knowledge Tools Learning Personal KM Productivity Tools Social Enterprise

Skills 176

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

Clay Shirky

Pew recently reported that advertising revenue rebounded in 2010 for all forms of media, except newspapers. The intuition common to such proposals is that advertising revenues can no longer be relied on to fund serious reporting. You just have to demand, and be willing to pay for, a news product worthy of your affections. When a paper fires reporters or closes outright, it further weakens that fabric. * * *. Clay Shirky. « Free speech Is Not A Pony.

News 76

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.”. The report is based on a survey of over 3,000 AI-aware C-level executives across 10 countries and 14 sectors. Only 20 percent of respondents had adopted AI at scale in a core part of their business.

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 I now want to discuss a September, 2018 report by the McKinsey Global Institute on the impact of AI on the world economy. Below is a summary of the report’s key findings. .

Data 163

A Quarter Century into the Digital Age

Irving Wladawsky-Berger

A few months ago, the McKinsey Global Institute published Twenty-five Years of Digitization , a report offering ten insights to help business leaders navigate this still relatively new digital world. A previous McKinsey report estimated that digitization, automation and AI have the potential to incrementally add around $13 trillion by 2030 to global GDP, as their productivity gains are reinvested to create major new business opportunities.

Survey 125

The Global Business Environment: Success or Struggle?

Irving Wladawsky-Berger

These metrics provide a comprehensive picture of the evolution and impact of advances in digital technologies and changes in public policy over that time span. The first Shift Index report came out in 2009 and has been updated three times since. . The 2013 version consists of five separate reports, each focused on a different topic. I now want to discuss another 2013 report, Success or Struggle? Corporations report record profit levels.

The Economic Potential of The Internet of Things

Irving Wladawsky-Berger

The myriad possibilities that arise from the ability to monitor and control things in the physical world electronically have inspired a surge of innovation and enthusiasm,” writes McKinsey in a June, 2015 report - The Internet of Things: Mapping the Value Beyond the Hype. The report analyzes the long term economic potential of IoT, and uses this analysis to estimate the economic value of several IoT-based solutions by 2025.

Data 197

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. But I’d like to change the question or better said ask those who ask it to rethink their question. The feeling is a reflection of a change.

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.

The Slow, Steady March Towards Digital Money

Irving Wladawsky-Berger

As in previous years, the Symposium convened a group of leaders in their field to explore the state of adoption of digital money and its economic and societal impacts around the world. . Last year’s symposium introduced the Digital Money Readiness Index , a set of global metrics to help quantify digital money adoption based on various measures of socio-economic development. Digital money adoption is a slow changing, long haul commitment. .

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.”. The report is based on a survey of over 3,000 AI-aware C-level executives across 10 countries and 14 sectors. Only 20 percent of respondents had adopted AI at scale in a core part of their business.

Automation and Employment in the 21st Century

Irving Wladawsky-Berger

In January, the McKinsey Global Institute published A Future that Works: Automation, Employment and Productivity , the results of a two year study of automation technologies and their potential impact on jobs over the next several decades. McKinsey’s comprehensive report, - over 130 pages, - is the most detailed analysis I’ve seen on the subject. The report explains in great detail the key findings that led to this overall conclusion.