Managing in Complexity
JANUARY 24, 2013
As our markets and technologies get more complex, we need new models to get work done. Simple systems are easily knowable, whereas complicated systems, while not simple, are still knowable through analysis. This can be fostered in a culture of perpetual Beta.
Scale and Complex Systemic Innovation
JANUARY 2, 2012
We generally think of large companies as being good at operations and incremental innovations, which require them to excel at management discipline, detailed information analysis and project management. It favors large companies because of their ability to address complex systemic problems, manage the large-scale ecosystems that solving such problems requires, and bring their solutions to market all round the world.
Traditional Data Analysis and Data Science
MAY 15, 2013
Domain expertise is also needed to be able to draw the proper conclusions from their analysis, and to communicate their findings to business leaders in their own terms. . As he wrote in Learning from Evidence in a Complex World : .
Big Data, Complex Systems and Quantum Mechanics
DECEMBER 7, 2012
In thinking about this question over the last few years, I started to notice that a number of subtle, non-intuitive concepts that I learned many years ago as a physics student seem to apply to the world of big data and information-based predictions in highly complex systems. So is the world of highly complex systems , especially those systems whose components and interrelationships are themselves quite complex, as is the case with systems biology and evolution. .
OMG, its culture change time
FEBRUARY 25, 2013
If in doubt, blame the culture seems to be a golden rule in consultancy and management alike. He starts by belittling the its the way we do things around here definition of culture by referencing the hopelessness of conventional attempts to change process.
Corporate Survival: Lessons from Biology
JANUARY 26, 2016
Let’s take a closer look at the nature of complex adaptive systems. Why are these systems so complex? I found the most satisfying answer to this seemingly Socratic question in an excellent 2002 paper - Complexity and Robustness - by professors Jean Carlson and John Doyle.
Becoming a Data-Driven Business: Challenges and Opportunities
DECEMBER 19, 2016
In 2000, only one-quarter of the world’s stored information was digital and thus subject to search and analysis. Artificial Intelligence Complex Systems Data Science and Big Data Economic Issues Innovation Management and Leadership Smart Systems Society and Culture Technology and Strategy
The Collapse of Complex Business Models ? Clay Shirky
APRIL 1, 2010
The Times’ Paywall and Newsletter Economics » The Collapse of Complex Business Models. In 1988, Joseph Tainter wrote a chilling book called The Collapse of Complex Societies. Every one of those groups had rich traditions, complex social structures, advanced technology, but despite their sophistication, they collapsed, impoverishing and scattering their citizens and leaving little but future archeological sites as evidence of previous greatness. Clay Shirky.
The Importance of Empathy in Our Services-Centric, People-Oriented Economy
OCTOBER 6, 2015
Cultural competence : Capacity to think, act and move across multiple functions, silos and global cultures. . You must be sincerely interested in understanding other cultural preferences and choices.” .
The Rise of the T-Shaped Organization
DECEMBER 15, 2015
Five such attributes were identified in the study: adaptability, cultural competence, 360-degree thinking, intellectual curiosity, and empathy. It’s not so easy to be good at both operations and strategy because they require fairly different talents and cultures.
Blockchain Can Reshape Financial Services… But it Will Take Significant Time and Investment
SEPTEMBER 19, 2016
Not surprisingly given their complexity, change comes much slower to global financial infrastructures. The majority of the 130-page report consists of a deep-dive analysis of how DLT might apply to several different use cases.
Is There a STEM Crisis or a STEM Surplus?
AUGUST 9, 2016
Their answer, as is often the case with such complex questions, is that both sides are right. Their analysis yielded the following findings: “The STEM labor market is heterogeneous. Is the US facing a critical shortage of STEM skills?
Complexity and Design in Warfare
MARCH 18, 2011
The workshop explored how design-oriented approaches can help us better understand and deal with the very complex problems we are increasingly encountering in all aspects of business, economies, government, public policy, military operations and society in general. Over the past few meetings the Forum has focused on various topics related to complex systems, - how to best understand and manage them in the present, as well as predict and shape their future directions.
The Evolution of the Internet of Very Smart Things
OCTOBER 15, 2014
It’s impractical to move all that data to a central cloud for analysis and actions. These factors eventually led to significantly increased management complexities and costs.
Leadership in a Changing World
FEBRUARY 2, 2016
Operational excellence requires detailed analysis of technologies, quality, processes, competitors, customer satisfaction and market segments. Complex Systems Economic Issues Education and Talent Management and Leadership Society and Culture Technology and Strategy
Automation and Employment in the 21st Century
MARCH 7, 2017
McKinsey’s comprehensive report, - over 130 pages, - is the most detailed analysis I’ve seen on the subject. But our analysis shows that humans will still be needed in the workforce: the total productivity gains we estimate will only come about if people work alongside machines.
Why Some Work Groups Thrive While Others Falter
APRIL 25, 2016
These include solving problems, comprehending complex ideas, reasoning and planing, learning quickly, adapting to new situations, and so on. Five such attributes were identified in the study: adaptability, cultural competence, 360-degree thinking, intellectual curiosity, and empathy.
As Big Data and AI Take Hold, What Will It Take to Be an Effective Executive?
JANUARY 21, 2015
In principle, such jobs deal with non-routine, cognitive tasks requiring high human skills, including expert problem solving, complex decision-making and sophisticated communications for which there are no rule-based solutions. “As What can executives do to create such a culture?
Intervention Design: Overcoming Stiff Resistance to a New, Disruptive Innovation
SEPTEMBER 29, 2015
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. .
The President’s Commission on Enhancing National Cybersecurity
MAY 23, 2016
Transforming this highly complex ecosystem has proved to be very difficult. Not surprisingly, change comes slowly to such a complex ecosystem.
Why People and Companies Die While Cities Keep Growing
JANUARY 5, 2016
Dr. West is Distinguished Professor and Past President of the Santa Fe Institute (SFI), a non-profit research institute dedicated to the study of complex systems. Most surprisingly, their analysis led to a result that no one had predicted.
Skills and Jobs in the Digital Economy
JANUARY 27, 2015
Non-routine, cognitive tasks tend to be high-skill human activities that involve expert problem solving and complex communications for which there are no rule-based solutions. The analysis was repeated for the 2014 occupations, yielding 5 distinct skill factors: .
Anticipating the Future of the IT Industry
MARCH 22, 2016
How can we best anticipate the future of a complex, fast changing industry like IT? Over time, sophisticated applications were developed to help manage more complex operations, including enterprise resource planning , customer relationship management and human resources.
“Flexible Security”: A Sensible Social Policy for our Digital Age
JULY 7, 2015
First, all important rules should be subjected to cost-benefit analysis by an independent watchdog… More important, rules need to be much simpler.”. This surprising decline in entrepreneurship is not well understood, and is undoubtedly the result of many complex factors.
The Economic Potential of The Internet of Things
JULY 14, 2015
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. The study is based on a careful analysis of over 150 concrete IoT applications across the global economy.
A Growing Backlash Against the Relentless Advances in Technology?
JULY 2, 2014
Operational excellence requires detailed analysis of technologies, quality, processes, competitors, customer satisfaction and market segments, and as such, is well suited to a more hierarchic, disciplined style of management.
The Economic and Cultural Polarization of America
MARCH 15, 2012
For most of our nation’s history, whatever the inequality in wealth between the richest and poorest citizens, we maintained a cultural equality known nowhere else in the world - for whites, anyway.” There was a common civic culture, - the American way of life , - “that swept an extremely large proportion of Americans of all classes into its embrace. You might say the country has bifurcated into different social tribes, with a tenuous common culture linking them.”
What’s the Value of a Liberal Arts Education in Our 21st Century Digital Economy?
MARCH 1, 2016
In retrospect, the biggest benefit of my excellent University of Chicago education has been less the physics, math, and computer skills that I learned, and more the ability to address complex problems, to work with a variety of people, and to keep acquiring new knowledge throughout my career.
Data Science - the Emergence of a New Discipline
APRIL 10, 2013
At ease in the digital realm, they are able to bring structure to large quantities of formless data and make analysis possible. Data science goes beyond the use of data mining, business analytics and statistical analysis to look for patterns in large data sets.
Data-Driven Decision Making: Promises and Limits
SEPTEMBER 25, 2013
In a recently published article, Data Science and its Relationship to Big Data and Data-Driven Decision Making , Foster Provost and Tom Fawcett succinctly define data-driven decision making as “the practice of basing decisions on the analysis of data rather than purely on intuition.”
The Emergence of Cognitive Computing
NOVEMBER 5, 2011
Major advances must be made not just in the volumes and variety of data collected and analyzed, - including text, voice, images and video, - but also in the speed of the analysis, as many emerging smart applications require very fast response times. then it could move on to help people make better decisions when faced with highly complex problems whose very meaning is not clear and precise.
Reflections on Big Data, Data Science and Related Subjects
JANUARY 2, 2013
CUSP’s research and educational programs are centered on urban informatics , - “the acquisition, integration, and analysis of data to understand and improve urban systems and quality of life.” Big Cities + Big Data and Bringing Urban Data to Life are prominently displayed in its website.
The Competitive Value of Data: From Analytics to Machine Learning
JANUARY 31, 2017
Since the early days of IT, companies have been using their transactional data to improve logistics, inventory management, sales analysis and fraud detection. A recent article by NY Times reporter Steve Lohr discussed the rising importance of data as a major competitive differentiator.
Realizing the Potential of the Digital Economy
SEPTEMBER 8, 2015
And, because these two powerful forces are highly interrelated, they’re giving rise to a new round of complex questions. . The Brookings Blum Roundtable proved to be an excellent forum for exploring such highly complex questions, - for which we really have no answers.
The Vital Role of Research in Preserving the American Dream
DECEMBER 3, 2014
The report makes the case that over the past half-century, research-based scientific and technological advancements have been the main drivers of economic growth and job creation, and their impact will likely rise in our increasingly complex, knowledge-based society.
Three Principles for Net Work
APRIL 15, 2012
According to the Cynefin knowledge management framework, developed by Dave Snowden, in the simple domain, “the relationship between cause and effect is obvious to all” while in the complicated domain, “the relationship between cause and effect requires analysis”. complexity Wirearchy
Creating More Intelligent Organizations
DECEMBER 26, 2012
While there is no one definition everyone can agree to, we generally think that somebody who is intelligent is good at lots of cognitive tasks, including solving problems, comprehending complex ideas, reasoning and planing, learning quickly, adapting to new situations, and so on.
Growing Up in a Complex World
JUNE 18, 2010
The primary challenge emerging out of the CEO conversations was complexity - the fact that CEOs now operate in a world that is substantially more volatile, uncertain and complex. Inheriting a Complex World: Future Leaders Envision Sharing the Planet invited graduate and undergraduate students to participate in a Web-based survey between October 2009 and January 2010. They grew up in a complex world. Several weeks ago IBM released its 2010 Global CEO Study.
New Tools Beget Revolutions: Big Data and the 21st Century Information-based Society
MAY 29, 2013
It will be complex, develop hitherto unforeseen forms, and will have to respond to unforeseen challenges. On May 22 I attended the 2013 MIT Sloan CIO Symposium.
Race Against the Machine
NOVEMBER 12, 2011
Bureau of Economic Analysis added Information Technology as a category of business investment in 1958, so let?s And, it is quite possible that given our increasingly complex world, it will take longer than we would like to restructure economies and societies so they are able to adapt to these dramatic technological advances. Complex Systems Economic Issues Education and Talent Innovation Management and Leadership Political Issues Society and Culture Technology and Strategy