The Fourth Industrial Revolution
FEBRUARY 23, 2016
The Fourth Industrial Revolution: what it means, how to respond was the central theme of the 2016 World Economic Forum (WEF) that took place earlier this year in Davos, Switzerland. Scope : Disruptions are taking place in “almost every industry in every country.”.
The Competitive Value of Data: From Analytics to Machine Learning
JANUARY 31, 2017
Such competitive concerns have long applied to hardware and software platforms in the IT industry. Business analytics predates the big data era. Artificial Intelligence Data Science and Big Data Economic Issues Innovation Political Issues Society and Culture Technology and Strategy
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? What can we learn from the IT industry’s 60-year history that might help us better prepare for whatever lies ahead? Cloud represents the industrialization of the data center.
Becoming a Data-Driven Business: Challenges and Opportunities
DECEMBER 19, 2016
A few weeks ago, McKinsey published The age of analytics: Competing in a data-driven world , a comprehensive report on the state of big data, and in particular, on the challenges and opportunities a company faces as it strives to become a data-driven business.
Is Design Thinking the “New Liberal Arts”?
OCTOBER 31, 2016
The School of Design in London’s Royal College of Art has long been expanding the boundaries of industrial design. Complex Systems Education and Talent Innovation Management and Leadership Society and Culture Technology and Strategy
The Rise of the T-Shaped Organization
DECEMBER 15, 2015
A growing number of articles have been extolling the value of T-shaped professionals , that is, individuals who combine deep cognitive, analytical, and/or technical skills in a specific discipline, with broad multidisciplinary, social skills.
The (Uneven) Digitization of the US Economy
JANUARY 19, 2016
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.
Blockchain Can Reshape Financial Services… But it Will Take Significant Time and Investment
SEPTEMBER 19, 2016
Not only are there major technology and standards issues to be worked out, but the industry will have to collaborate with governments around the world to develop the appropriate legal frameworks and regulatory environments.
The Continuing, Transformative Impact of IT
JUNE 12, 2013
The social matrix, the Internet of all things, big data and advanced analytics, and realizing anything as a services are the report’s top four trends. SMAC - Social, Mobile, Analytics & Cloud, - has become the new plastics , capturing the future of IT in one word, or rather, one acronym.
The Evolution of the Internet of Very Smart Things
OCTOBER 15, 2014
Fog or Edge computing might well become a new computing model , the 4th such model in the IT industry’s 60 year history. Most IoT business models also hinge on the use of analytics to sell user data or targeted advertising.
The Internet, Blockchain, and the Evolution of Foundational Innovations
JANUARY 17, 2017
Private blockchain-based prototypes are now taking place , mostly involving small number of firms in the financial services industry. “We anticipate a proliferation of private blockchains that serve specific purposes for various industries,” notes the paper.
Reflections on Storytelling
APRIL 17, 2013
Oral narratives were used by many ancient cultures as a way of passing along their traditions, beliefs and learning from generation to generation. While contemporary storytelling is mostly associated with entertainment, education and culture, it also plays a major role in business.
As Big Data and AI Take Hold, What Will It Take to Be an Effective Executive?
JANUARY 21, 2015
Big data , powerful analytics and AI are everywhere. After asking these questions to senior managers across a broad range of industries, McKinsey concluded that two key things need to happen for technology to more deeply transform their jobs.
The State of American Jobs
APRIL 4, 2017
workplaces as the economy moves deeper into the knowledge-focused age,” said the report in its opening paragraph. “These changes are affecting the very nature of jobs by rewarding social, communications and analytical skills.
The Digitization of the Economy
JANUARY 30, 2013
It’s all part of a massive high tech industry that’s contributed enormous productivity and wealth to the American economy but surprisingly little in the way of employment.
Skills and Jobs in the Digital Economy
JANUARY 27, 2015
This was the case for much of the Industrial Revolution, as is the case today. “The The period from 2006 to 2014 saw the advent of several major digital innovations , including smart mobile devices, social media, big data and analytics, cloud computing and the Internet of Things.
How Will AI Likely Impact How We Work, Live and Play?
DECEMBER 5, 2016
Public safety and security. “One of the more successful uses of AI analytics is in detecting white collar crime, such as credit card fraud. The auto industry has been adding L1 features to cars for over 40 years, and more advanced L2 features for the past two decades.
The Era of Cognitive Computing
JUNE 26, 2013
The Industrial Revolution led to dramatic improvements in productivity and standard of living over the past two hundred years. These early computer were used in a number of applications including national population censuses and the control of looms and other industrial machines.
New Tools Beget Revolutions: Big Data and the 21st Century Information-based Society
MAY 29, 2013
The] big data of this revolution is far more powerful than the analytics that were used in the past,” wrote Brynjolfsson and Andy McAfee in a recent Harvard Business Review article: Big Data: The Management Revolution. “We On May 22 I attended the 2013 MIT Sloan CIO Symposium.
A Kind of Digital “Perfect Storm”
SEPTEMBER 4, 2013
Every day brings new stories about the impact of digital technologies on every aspect of the world around us, including their transformative impact on companies in just about every industry. Examples abound, from mini-mills in the steel industry, to digital photography and music.
Reflections on the Education of Applied Data Scientists
SEPTEMBER 11, 2013
As an academic field, it cuts across disciplines, with courses in statistics, analytics, computer science and math, coupled with the specialty a student wants to analyze, from patterns in marine life to historical texts.”.
The Public Face of Science
MAY 9, 2016
Similarly, 51% consider US medical treatments in the top tier compared to other industrialized countries, while 64% of scientists do so.
Could the End of Moore’s Law Be Near? If so, What’s Next?
AUGUST 4, 2015
I can personally attest to his deep understanding of technology and the IT industry, given the many discussions we’ve had over the years. . What worries me about the future of Silicon Valley, is [its] one-dimensionality, that it’s not a Renaissance culture… It’s an engineering culture that believes that it’s revolutionary, but it’s actually not that revolutionary. The IT industry is now going through something similar.
Traditional Data Analysis and Data Science
MAY 15, 2013
I recently participated in an industry panel on Redefining BI & Analytics in the Cloud at a conference in New York. In my opinion, data science should be viewed as a multidisciplinary evolution from business intelligence and analytics.
Social Business in the Age of the Customer
OCTOBER 18, 2012
Many businesses have set up social technologies in their organizations, yet few have truly made the technical, cultural, and process changes necessary to reap the full opportunities and benefits of these tools or the vast amounts of data they capture. Many companies are still struggling with this major cultural transition. For the past few decades, process reengineering, productivity improvements and cost reductions have been the most prominent features of their company’s culture.
Cognitive Systems and Big-Data-driven Applications
OCTOBER 23, 2013
So, just like we invented industrial machines to helps us enhance our strength and speed, we now need to develop this new generation of machines to help us enahnce our cognitive capabilities. Such work is underway in a wide variety of industries.
The Co-Evolution of Humans and our Tools
MARCH 3, 2011
Machine tools occasioned a surge in producing new tools in the industrial revolution. Modern human behavior is closely associated with the origin of language, the accumulation of knowledge, skills and culture, and the ability to process vast amounts of information. Watson is but the latest example of tools like the World Wide Web, search technologies and advanced analytics that are helping us cope with and take advantage of the explosion of information all around us.
Leadership and Rational Thinking
SEPTEMBER 29, 2011
and industries. This is an acute issue for the tech industry - but it actually applies in any field, from commerce to public services.” “But Leverage analytical thinking and tools, embrace collaboration to address highly complex problems, and have a strategic vision to serve as a compass into the future. Complex Systems Economic Issues Education and Talent Management and Leadership Political Issues Smart Systems Society and Culture Technology and Strategy
What is stopping companies from measuring learning: Skillsets, datasets, toolsets or mindsets?
MAY 16, 2014
In one of our recent posts, " Why you need to take a Google Analytics approach to measuring learning ," we lay the foundation of our perspective regarding L&D''s constant battle for greater relevance in business strategy and planning.
The 20th Anniversary of Linux
AUGUST 24, 2011
In mid-August I traveled to Vancouver to attend LinuxCon , the industry’s premier Linux conference. Most of the keynotes reflected on the impact of Linux on the computer industry and on society in general. A number of the members, highly respected leaders from industry and universities, felt that we should initiate a study on the importance of Linux and open source software in general to the advancement of high-performance computing.
The role of informal social networks in building organizational creativity and innovation
AUGUST 8, 2011
Innovation is of course a particularly pointed issue today, with the increasing pace of external and industry change driving the necessity of effective, applied creativity. Evaluate your culture, structures and organizational climate for creativity.
IBM’s Trip to Become A Socially Integrated Enterprise
AUGUST 9, 2011
That’s an important aspect of the role predictive analytics will play as social analytics evolve. Like I said, it continues to take time and lots of good effort and energy to provoke that cultural shift and that mindset change.
Why Innovation is Critical to Help Governments Adjust to the Realities of the 21st Century?
OCTOBER 3, 2012
We have seen this repeatedly over the past several decades in our own industry, and in the impact of new technology models across our economy and society. These include the consolidation of IT infrastructures, cloud-based shared services, advanced analytics and electronic self-service. . Complex Systems Economic Issues Management and Leadership Political Issues Society and Culture
The Evolving Automotive Ecosystem
MARCH 31, 2015
Much as was once the case with electrification, digitization is now transforming industry after industry. Smart, connected products are reshaping industry boundaries and forcing companies to ask themselves a fundamental question: What business am I really in? .
The New Era of Smart, Connected Products
NOVEMBER 26, 2014
These new types of products alter industry structure and the nature of competition, exposing companies to new competitive opportunities and threats. They are reshaping industry boundaries and creating entirely new industries.
Embracing Disruptive Change - Why Is it So Difficult?
MAY 19, 2015
Mature companies that once led their industries are too slow to respond to the waves of startups now attacking them with innovative products and services. . It has a talented work force to keep at the leading edge, a corporate culture to nurture, and a reputable brand to protect.
Innovation in an Age of Austerity
DECEMBER 16, 2010
A similar point was made later in the day by Mary Walshok , who gave a talk on Unraveling the Cultural and Social dynamics of Regional Innovation Systems. We must factor in local cultural dynamics that promote or discourage innovation, which are much more difficult to quantify. Philadelphia was described as highly fragmented, with new innovation strategies and organizational platforms being developed, but only well-networked within occupational and industry sector silos.
Becoming a Digital Business: Progress and Obstacles
AUGUST 28, 2013
The survey asked the executives about their companies progress and obstacles in embracing five major digital trends: big data and advanced analytics, digital engagement of customers, digital engagement of employees and external partners, automation, and digital innovation. .
Current Business Forecast: Cloudy
AUGUST 31, 2011
Silicon Valley’s largest venture capital firms are raising their stakes in so-called enterprise companies, which provide software, analytics and other services to business customers. The technological and cultural gap between the giants and the start-ups is vast. Oracle, SAP, Microsoft, EMC, and a few other enterprise IT vendors have become so deeply entrenched in most industries that it’s very hard to think of companies scaling up without them.
Can AI Help Translate Technological Advances into Strategic Advantage?
MAY 17, 2016
The IT industry has long been associated from what’s been called the Solow productivity paradox , in reference to Robert Solow's 1987 quip: “You can see the computer age everywhere but in the productivity statistics.