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.

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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?

The Blockchain and Open Innovation

Irving Wladawsky-Berger

Transformational innovations don’t always play out as originally envisioned. In addition to developing standards and organizing promotional activities, these various organization make available open source implementations of their software releases, thus encouraging collaborative, open innovation. A 2014 report by the Bank of England notes that the classic ledger that’s been long used in payment systems has not changed much since the 16th century.

The Complex Nature of Cloud-based Innovation

Irving Wladawsky-Berger

I find it helpful to look at cloud along two key dimensions: as a technology to improve IT productivity, and as a platform for enabling business innovation. Only one company in six viewed cloud as a way of fostering business innovation. But, for many companies, the use of cloud to foster business innovation and growth remains elusive. Investments need to go into innovation and disruptive business models. Cloud-based innovation is a major part of that evolution.

Innovation in Higher Education

Irving Wladawsky-Berger

Moreover, while the overall unemployment rate remains over 9 percent, a recent McKinsey report found that employers are having trouble filling specific positions because they could not find applicants with the right skills. The report projects that if economic conditions improve, there will be a shortage of 1.5 The report is written by Clayton Christensen , Michael Horn , Louis Caldera and Louis Soares. Disruptive innovations are based on two main ingredients.

Intervention Design: Overcoming Stiff Resistance to a New, Disruptive Innovation

Irving Wladawsky-Berger

With four articles on the subject, HBR ’s overriding message is that design is no longer just for physical products, being increasingly applied to customer experiences, innovation, business strategy, and complex problem solving. . When first introduced, disruptive innovations are likely encounter stiff resistance, both within one’s own organization and in the marketplace, - otherwise we wouldn’t call them disruptive.

Life Without eMail – 5th Year Progress Report – The Community, The Movement

Luis Suarez

Indeed, instead of focusing on the whole world, which may have been a bit too ambitious and perhaps over demanding on everyone as in too large to cover, I am switching gears and instead adopt a new mantra towards it: Life Without eMail. . A World Without eMail – Year 5 – Progress Report. Here’s the full report of the entire year, where you can see the maximum number of emails received for one day, and the minimum.

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A Conversation on Innovation

Stephen Downes: Half an Hour

Re: the negative side of innovation, there's a prettyconsistent assessment of innovation & technology, a pretty consistentstatement, by the youth in the occupy movement. If we go one step beyond innovation, we have actuallyreached a cusp in the west. Does the general population support innovation? We need to start thinking about 'innovation' and'Innovation'. Andas long as innovation is tech development, not social development, we willleave them behind.

Innovation in an Age of Austerity

Irving Wladawsky-Berger

On December 7 I participated in an Innovation Summit sponsored by the UK Innovation Research Centre (UK-IRC) at the University of Cambridge. The UK-IRC is “a collaborative initiative for cutting-edge research and knowledge exchange activities on how innovation can make businesses more competitive, improve public services delivery and help the UK meet the social, environmental and economic challenges it faces.”

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 Foundation index, measures the fast moving advances in technology performance and adoption, as well as the shifts of global public policy that are reducing the barriers to entry and movement. For the 2013 edition, Deloitte chose to break up its findings into five separate reports, each focused on a different topic.

Why Innovation is Critical to Help Governments Adjust to the Realities of the 21st Century?

Irving Wladawsky-Berger

As shown in this chart published in March of 2011 as part of a special report on The Future of the State by The Economist , the average government spending as a percentage of GDP in thirteen rich world countries went from 26 percent in 1960 to 45 percent in 1990 and 48 percent in 2009. Given that these countries are confronted with aging populations, low birth rates and slow economic growth, the special report argues that the continuing growth of government is no longer sustainable.

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.

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

Bob Sutton

The ergonomics of innovation -- The McKinsey Quarterly. interview Pixar Brad Bird - Innovation lessons from Pixar Director Brad Bird - Strategy - Innovation - The McKinsey Quarterly. Management maxims in need of a makeover - US News and World Report. Customer-Focused Innovation. David A Owens: Creative People Must Be Stopped: 6 Ways We Kill Innovation (Without Even Trying). McCraw: Prophet of Innovation: Joseph Schumpeter and Creative Destruction.

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. Based on an analysis of around 2,000 work activities across 800 different occupations, the report concluded that “fewer than 5 percent of occupations can be entirely automated using current technology.

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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.

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Blockchain - the Networked Ecosystem is the Business

Irving Wladawsky-Berger

Their presentation was based on their recently published report Building your blockchain advantage. The essence of blockchain, notes the report , is that the unit of competition is the networked ecosystem , no longer a single enterprise. “As blockchain adoption continues to gather momentum, organizations must approach their blockchain strategies with the same rigor and commitment as any other new and transformative strategies.

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.

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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. A recent task force on Innovation and National Security noted that “Washington has failed to maintain adequate levels of public support and funding for basic science.

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Could AI Reshape the Global Balance of Power?

Irving Wladawsky-Berger

A few months ago, the 15 member Commission, - led by former Google CEO Eric Schmidt and former deputy secretary of defense Robert Work , - released its interim report. The final report is due to be released in March, 2021. It remains to be seen how the Covid-19 pandemic will impact the final report’s recommendations and release date. serious mistakes and unintended consequences if public and private sector institutions adopt powerful AI technologies before they’re ready.

The Economic Value of Digital Identity

Irving Wladawsky-Berger

A few weeks ago, the McKinsey Global Institute released Digital Identification : A key to inclusive growth, a comprehensive report at over 100 pages that examined the state of digital identities around the world. The report analyzed the value creation potential of good digital IDs for individuals and institutions, as well as the potential risks and challenges. But, like other innovations, digital ID technologies can be used both to benefits society and for undesirable purposes.

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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 Jobs Outlook for 2022

Irving Wladawsky-Berger

A few weeks ago, the World Economic Forum (WEF) released The Future of Jobs Report 2018. T he report takes an in-depth look at the world of work in what the WEF calls the Fourth Industrial Revolution.

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An Agile, Incremental Approach to Business Process Automation

Irving Wladawsky-Berger

According to a 2017 Forrester report , the RPA market is expected to grow from $250 million in 2016 to around $3 billion in 2021. . As cognitive intelligence tools like IBM’s Watson are adopted, those will be game changers, too.

Impact of AI on Government - Opportunities and Challenges

Irving Wladawsky-Berger

A few weeks ago I wrote about Leveraging AI to Transform Government based on a 2018 report by the Partnership for Public Service and the IBM Center for the Business of Government. The report illustrates how government is using AI by describing four use cases being pursued by different agencies. In 2019, the Partnership and IBM collaborated on two additional reports, Assessing the Impact of AI on the Work of Government , and Building Trust, Managing Risks.

Is Blockchain Ready to “Cross the Chasm”? Lessons from the Internet

Irving Wladawsky-Berger

Earlier this year, IBM conducted the largest study to date on the state of adoption of blockchain. With such technologies, you typically have a relatively small number of early adopters. A larger number of followers are waiting to learn from the early adopters’ experiences, while the laggards are not yet sure what the technology is about or if it applies to them. The Internet’s early adopters arrived in two phases.

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.

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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. .

The Impact of Automation on Everyday Life

Irving Wladawsky-Berger

This past October, the Pew Research Center released Automation in Everyday Life , a report on what Americans think about advanced technologies like artificial intelligence and robotics, and the impact they expect them to have on their everyday lives. The report is based on a national survey of 4,135 randomly selected American adults. Let me discuss some of the report’s key findings.

Survey 161

Solow Paradox 2.0: The Lagging Impact of Technology Advances on Productivity Growth

Irving Wladawsky-Berger

Labor productivity growth is near historic lows in the United States and much of Western Europe,” noted Solving the Productivity Puzzle , a report published earlier this year by the McKinsey Global Institute (MGI). Fewer workers is one of the key reasons for our stagnant economic growth.

The Identity Challenge: On the Internet, Nobody Knows You're a Dog

Irving Wladawsky-Berger

I recently read Better Identity in America , a report by the Better Identity Coalition , an organization launched earlier this year to focus on promoting the development and adoption of solutions for identity verification and authentication.

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Cloud Computing and the Supply Chain of Services

Irving Wladawsky-Berger

Early cloud adopters were mostly focused on improving the economics of IT, giving them the ability to launch new offerings or expand their current ones without major investments in additional IT infrastructure while paying for whatever cloud resources they actually used. Cloud Computing Complex Systems Economic Issues Innovation Services Innovation Technology and StrategyIn 2008 I gave a talk at a conference on The Promise and Reality of Cloud Computing.

The Productivity Paradox: Digital Abundance and Scarce Genius

Irving Wladawsky-Berger

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. A striking feature of digital technologies is their replicability at low or even zero cost, enabling digital innovations to spread almost instantly around the world. Overall, the survey found that the business world is beginning to adopt AI, but only 21% reported using AI throughout their companies.

Blockchain Beyond the Hype

Irving Wladawsky-Berger

A recent issue of The Economist included a special report on cryptocurrencies and blockchains. Blockchain is still in its early phases of experimentation and adoption. Finally, the report recommends that companies follow a structured, disciplined approach in implementing blockchain strategies: .

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Blockchain and Business Process Transformation

Irving Wladawsky-Berger

In their 2009 book Wired for Innovation: How Information Technology is Rewiring the Economy , Erik Brynjolfsson and Adam Saunders introduced the concept of organizational capital as the necessary critical ingredient that enabled a company to take full advantage of major technology advances. In August, 2016 the World Economic Forum (WEF) published an excellent report on The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services.

AI and the Productivity Paradox

Irving Wladawsky-Berger

Some have argued, - - most prominently Northwestern University economist Robert Gordon , - that over the past few decades there’s been a fundamental decline in innovation and productivity. “We Each of them increased productivity not only directly but also by spurring important complementary innovations.” AI has the potential to become such an important GPT as it’s improved upon over time, but we’re still in the very early stages of AI’s deployment.

The Digital Evolution Index

Irving Wladawsky-Berger

The report, - based on a research study by the Fletcher School in collaboration with MasterCard * , - explores the economic transformations taking place around the world as countries continue their evolution toward the 21st century digital age. Innovation and Change : What is the extent of innovations to enable a healthy digital economy? For each of the 50 countries, the report calculated a score for the 4 different drivers as well as an overall Index score.

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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 140

The Global Business Environment: Success or Struggle?

Irving Wladawsky-Berger

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. A few weeks ago I wrote about one of them, The burdens of the past , which dealt with the growing gap between individuals and institutions in their adoption of knowledge-sharing technologies. I now want to discuss another 2013 report, Success or Struggle?

The Digitalization of the American Workforce

Irving Wladawsky-Berger

“Over the past half century, wave after wave of digital innovation has ensured that digitalization - the diffusion of digital technologies into nearly every business and workplace and pocket - has been remaking the U.S. The Brookings report quantified the spread of digitalization by analyzing the changes in the digital content of 545 occupations between 2002 and 2016 based on O*NET , the most comprehensive data on US occupations sponsored by the US Department of Labor.

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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 (Uneven) Digitization of the US Economy

Irving Wladawsky-Berger

Can digital innovation drive long term economic growth? Several weeks ago, the McKinsey’s Global Institute (MGI) published a report addressing these questions. The report introduces the MGI Industry Digitization Index, a methodology for exploring the various ways US companies are going about their digital journey, - based on 27 indicators that measure how they’re building digital assets, expanding digital usage, and creating a digital workforce.

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Is Blockchain Ready to “Cross the Chasm”? Lessons from the Internet

Irving Wladawsky-Berger

Earlier this year, IBM conducted the largest study to date on the state of adoption of blockchain. With such technologies, you typically have a relatively small number of early adopters. The Internet’s early adopters arrived in two phases.