Securing the Foundations of our Digital Economy

Irving Wladawsky-Berger

On December 1 the Commission issued its final Report on Securing and Growing the Digital Economy. The interconnectedness and openness made possible by the Internet and broader digital ecosystem create unparalleled value for society,” notes the report in its Executive Summary. “But these same qualities make securing today’s cyber landscape difficult. Why wasn’t stronger security designed into the original Internet infrastructure?

“Flexible Security”: A Sensible Social Policy for our Digital Age

Irving Wladawsky-Berger

The article makes a strong case for flexicurity - shorthand for flexible security, - a social model from the Nordic countries which aims to achieve both flexibility in labor markets and security for workers. Like me, many workers enjoyed relatively secure, stable jobs and a number of company benefits, including health care insurance, vacations and retirement pensions. Entrepreneurship and flexible security.


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Global Arbitrage and the Productivity Puzzle

Irving Wladawsky-Berger

A couple of weeks ago I wrote about The Productivity Puzzle , - namely that despite our continuing technology advances, the US and other developed economies have experienced a sharp decline in productivity growth over the past 10 to 15 years. So far, though, economists have failed to reach consensus on the causes of the productivity growth slowdown or indeed the relative significance of the various arguments,” wrote McKinsey.

Digital Identity - the Key to Privacy and Security in the Digital World

Irving Wladawsky-Berger

In a world that’s increasingly governed by digital transactions and data, our existing methods for managing security and privacy are no longer adequate. the primer starts out by asking. “In an increasingly borderless and digital world, privacy and security cannot be ensured through the construction of walls around sensitive information. From time immemorial, our identity systems have been based on face-to-face interactions and on physical documents and processes.

The New Era of Smart, Connected Products

Irving Wladawsky-Berger

An equally optimistic view was expressed in another excellent article, - How Smart Connected Products are Transforming Competition , - published in the November issue of the Harvard Business Review by Michael Porter and James Heppelmann. . We generally think of products as physical entities, - e.g., clothes, light bulbs, appliances, cars, - some quite simple and some much more complex, built using sophisticated mechanical and/or electrical components.

Global Arbitrage and the Productivity Puzzle

Irving Wladawsky-Berger

A couple of weeks ago I wrote about The Productivity Puzzle , - namely that despite our continuing technology advances, the US and other developed economies have experienced a sharp decline in productivity growth over the past 10 to 15 years. So far, though, economists have failed to reach consensus on the causes of the productivity growth slowdown or indeed the relative significance of the various arguments,” wrote McKinsey.

From Mass Production to Mass Individualism

Irving Wladawsky-Berger

All kinds of new products and services, like Airbnb, are now coming to market. It would not be possible without the social networks that enable peer-to-peer transactions matching supply with demand; the mobile devices and platforms that enable individuals to conduct such transactions any time and place; and the digital payment systems that reliably and securely broker the transactions between buyers and sellers.

Governance and Pragmatism: Moving Beyond “The Culture of No”

Irving Wladawsky-Berger

Inside IBM's Historic Turnaround ,” former IBM Chairman and CEO Lou Gerstner wrote about the bureaucratic culture that contributed greatly to the near-death experience IBM went through in the early 1990s. Lou called it A Culture of “No.”. “I I think the aspect of IBM’s culture that was the most remarkable to me was the ability of any individual, any team, any division to block agreement or action. Effective governances requires a culture of pragmatism over ideology.

Reviewing "A New Culture of Learning"

John Hagel

  My colleague and friend, John Seely Brown, has just come out with “A New Culture of Learning: Cultivating the Imagination for a World of Constant Change” , co-authored with Doug Thomas, a professor at the University of Southern California.  We believe that this new culture of learning can augment learning in nearly every facet of education and every stage of life. We all have the uncomfortable feeling that the education we received is serving us less and less well.

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The Increasing Influence of Recommendation Systems in Our Everyday Lives

Irving Wladawsky-Berger

That’s what network effects are all about: t he more products or services a platform offers, the more users it will attract, helping it then attract more offerings, which in turn brings in more users, generates more data, and makes the platform even more valuable.

System 220

Building Better Jobs in an Age of Intelligent Machines

Irving Wladawsky-Berger

Rising labor productivity has not translated into broad increases in incomes because labor market institutions and policies have fallen into disrepair. Between 1978 and 2016, productivity rose by 66%, an annual growth rate of 1.3%, while median compensation increased by only 9%.

Data 215

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. Ensure security, privacy, autonomy, and citizen-owned identities.

An Increasingly Digital “New Normal”

Irving Wladawsky-Berger

He started out by asking me about IBM’s near-death experience in the early 1990s, and the subsequent technical and cultural transformation that made it possible for IBM to reinvent itself and survive, while many other IT companies didn’t make it.

Data 208

Building a More Resilient, Data-Driven Economy

Irving Wladawsky-Berger

These companies use the vast amounts of data gathered from their customers to analyze their behavior across the digital and physical worlds and offer them products and services customized to their individual preferences.

Data 209

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 223

How Will the Pandemic Reshape Labor Markets?

Irving Wladawsky-Berger

If professionals conclude that it’s no longer necessary to commute to crowded downtown offices, and if business travelers find that they no longer need to attend meetings in person, we could see a decline in the economic and cultural vitality of cities.

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Post-Pandemic, Is the World Likely to Become Significantly Less Flat?

Irving Wladawsky-Berger

Those local subsidiaries tended to have control over sales, manufacturing and other business functions, while the parent company continued to perform such tasks as R&D, finance and product management.

Cost 154

The Economic Value of Artificial Intelligence

Irving Wladawsky-Berger

trillion of the expected GDP growth will come from productivity gains, especially in the near term. Companies that are slow to adopt these AI-based productivity improvements will find themselves at a serious competitive disadvantage. But, over time, increased consumer demand for AI-enhanced offerings will overtake productivity gains and result in an additional $9.1 Make sure you have the right talent and culture, as well as technology.

The Economic Value of Digital Identity

Irving Wladawsky-Berger

In a world that’s increasingly governed by digital transactions and data, our existing methods for managing security and privacy are proving inadequate. Protects user privacy and ensures control over personal data: includes strong privacy and security safeguards, while giving users access to, and control over who can access their data. Identity plays a major role in our everyday life.

Data 155

The MIT Work of the Future Report

Irving Wladawsky-Berger

“The world now stands on the cusp of a technological revolution in artificial intelligence and robotics that may prove as transformative for economic growth and human potential as were electrification, mass production, and electronic telecommunications in their eras,” said the MIT Task Force on the Work of the Future in its recently released interim report.

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The Economic Potential of The Internet of Things

Irving Wladawsky-Berger

It applied a bottom-up modeling methodology to estimate the potential economic value of these various applications, including productivity improvements, time savings, better asset utilization and reduced accidents. . Human - Monitor and promote improved health, wellness, fitness, and productivity using personal wearable devices and appliances. Home - Energy management, security, safety, and automation of home chores. Privacy, Security, Confidentiality and IP.

Data 195

Platforms, Blockchains, and the Evolution of Trust

Irving Wladawsky-Berger

All kinds of on-demand products and services are now coming to market. The more products or services a platform offers, the more users it will attract, helping it then attract more offerings, which in turn brings in more users. Blockchain technology is ultimately a means for individuals to coordinate common activities, to interact directly with one another, and to govern themselves in a more secure and decentralized manner.”.

Impact of AI on Government - Opportunities and Challenges

Irving Wladawsky-Berger

More than 80 different federal occupations, employing over 130,000 workers, are likely be significantly transformed, including 30,000 in the Treasury Department, 16,000 in Defense, and 5,000 in Transportation, as well as a variety of occupations in independent agencies like the Securities and Exchange Commission and the Government Publishing Office. Top AI challenges include bias, security, transparency, employee knowledge, and federal budget and procurement processes.

More Reflections on SharePoint and Picking Technology | Full Circle Associates

Nancy White

There is also a distinction for all products that is important to consider. It is my understanding from my daughter’s ITS officer that SP is the ITS’s dream, especially if security is a factor. The inherent linearity and security of SP may have specific value in the context you noted.

Blockchain and the Promise of an Open, Decentralized Internet

Irving Wladawsky-Berger

I really liked how Johnson explained the fundamental problem with the Internet that blockchain is helping us address: identity and security. But, to keep InternetOne as simple and flexible as possible, just about everything else, - especially identity and security management, - became the responsibility of the applications in InternetTwo. The January 21 issue of the NY Times Magazine included a very good article, Beyond the Bitcoin Bubble , by science writer Steven Johnson.

Free-Market, Free-Trade Capitalism at a Crossroads

Irving Wladawsky-Berger

They’re all generally based on the private ownership of the means of production, their operation for profit, and the accumulation of capital. Complex Systems Diversity Economic Issues Future of Work Management and Leadership Political Issues Society and Culture Technology and StrategyThe global economy has undergone considerable change over the past few decades. Results have been mixed.

Blockchains: the Promise of More Frictionless, Trusted Economies

Irving Wladawsky-Berger

Professor Coase explained that, in principle, a firm should be able to find the cheapest, most productive, highest quality goods and services by contracting them out in an efficient, open marketplace. Why wasn’t stronger security designed into the original Internet infrastructure? Foremost among them is security. Consequently, there’s no one overall owner responsible for security. Why do firms exist?

Data 175

Leveraging AI to Transform Government

Irving Wladawsky-Berger

Since the LA Airport police doesn’t have enough officers to staff checkpoints at all times on the eight roads leading to the airport, the USC team developed an AI system to make security schedules unpredictable. After analyzing potential targets, the system recommended randomized police patrol routes and schedules so that terrorists could not anticipate where and when they would run into security checkpoints.

Blockchain’s Potential for Environmental Applications

Irving Wladawsky-Berger

Blockchain technologies promise to significantly improve the efficiency and security of business transactions and data sharing among participants in a global ecosystem, such as supply chains, financial services, and similar complex applications involving multiple institutions. Water security : “The world’s demand for water has grown by around 1% per year. The majority of these use-cases are still in the concept or pilot phase, with only a handful in production.

The World Bank’s Human Capital Index

Irving Wladawsky-Berger

A lower score, say.70, means that the productivity of a child born in that country will be 70% of what could have been achieved with full health and education. or lower, - meaning that they’ll grow up to be, at best, half as productive as they could be. This means that children born in Singapore today will be 88% as productive when they grow up as they could possibly be if they enjoyed complete education and full health.

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The Growing Importance of Storytelling in the Business World

Irving Wladawsky-Berger

Over the years I’ve learned that when trying to explain a complex new concept or product, it’s important to engage in a kind-of conversation with your intended audience, where you talk about what's in your mind, your questions, your doubts, what you know and what you don't know. In short, you’re telling a story about the concept, product or brand you’re trying to explain. Storytelling is widely used in the development of brands for products as well as companies.

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

Irving Wladawsky-Berger

Pilots will go into production. The article also mentions that two blockchain-based platforms will soon go into production to support the management and trading of digital assets. This problem is now being addressed by companies like Chainlink , a startup that’s developed a tamper-proof system that securely feeds the necessary data to smart contracts on a blockchain.

The President’s Commission on Enhancing National Cybersecurity

Irving Wladawsky-Berger

Former national security advisor Tom Donilon and former IBM CEO Sam Palmisano serve as chair and vice-chair respectively. Jerry Cuomo , - IBM VP of Blockchain Technologies, - reminded us that 80 years ago, “IBM helped the United States government create the Social Security system, which, at the time, was the most complex financial system ever developed. But it requires a bold reassessment of the way we approach security in the digital age.

The Evolution of Work in Urban Labor Markets

Irving Wladawsky-Berger

low skill, low wage jobs , - cleaning, security, gardeners, health aides, fast-food restaurants: these jobs have seen rising employment, while their wage growth, has been flat to negative. However, starting in the 1970s, blue-collar production jobs started to disappear in cities due to increased automation and international competition. Complex Systems Economic Issues Education and Talent Future of Work Innovation Political Issues Society and Culture

Skills 116

The Challenges of Automation in a Fast Changing Economy

Irving Wladawsky-Berger

The report is divided into two sections: The Case for Action , which explores how automation impacts the economic security and opportunity of American workers, and Policies for Shared Prosperity , which outlines a policy agenda for addressing automation’s challenges and opportunities. Technology has been replacing workers and improving productivity ever since the advent of the Industrial Revolution in the second half of the 18th century.

Change 122

The True Value of a Good Education: Adaptability to a Changing Environment

Irving Wladawsky-Berger

In his 1945 seminal report, Science The Endless Frontier , presidential science advisor Vannevar Bush laid out the blueprint for R&D in post-war America: “New knowledge can be obtained only through basic scientific research” conducted in universities and research labs, which is then applied to develop new products by the private sector and new and improved weapons by the defense sector. Education and Talent Future of Work Political Issues Society and Culture

Shaping the Future of the Internet

Irving Wladawsky-Berger

Its technical directions and overall culture have been largely determined by the academic and research communities, who were also its early users. As a result, there’s no one overall owner responsible for security , - arguably the biggest challenge facing the Internet. The responsibility for security is divided among several actors, making it significantly harder to achieve.

Data 159

The Evolution of the Internet of Very Smart Things

Irving Wladawsky-Berger

Their overall conclusion is that “a low-cost, private-by-design democracy of devices will emerge that will enable new digital economies and create new value, while offering consumers and enterprises fundamentally better products and user experiences.” . Connectivity and intelligence are a means to a better product and experience, not an end.” . I recently saw a very interesting presentation , - From Cloud to Fog: The Internet of Things , - by Cisco executive Michael Enescu.

Data 212

Peering into a Confusing, Paradoxical Future

Irving Wladawsky-Berger

Weak economic growth will persist in the near term, a result of shrinking workforces and diminishing productivity gains in advanced economies, and threatening poverty reduction in emerging and developing countries. Governments will find it harder to satisfy the growing demands of their citizens, especially greater security and a higher standard of living. Diversity Economic Issues Education and Talent Management and Leadership Political Issues Society and Culture

Trends 158

The Rise of the Digital Capital Economy

Irving Wladawsky-Berger

Fortune will instead favor a third group: those who can innovate and create new products, services, and business models,” says the article. “So Given dramatically lower communications and transaction costs, companies disaggregated their various processes, kept some in-house and outsourced others to supply chain partners around the world in order to optimize the overall costs of their products and services.

Cost 202

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

Irving Wladawsky-Berger

Public safety and security. “One of the more successful uses of AI analytics is in detecting white collar crime, such as credit card fraud. Perceptual algorithms for functions such as image labeling, and 3D object recognition, while common at AI conferences, are still only a few years into development as products.”. A few weeks ago I discussed whether AI is finally reaching a tipping point, mostly based on a recently published report, - Artificial Intelligence and Life in 2030.

System 193

Globalization at a Crossroads

Irving Wladawsky-Berger

Similarly, while we continue to hear that everything is now made in China, products made in China accounted for less that 3% of US personal consumption expenditures in 2010. Countries that are deeply connected to international information flows are less likely to view their cultures as superior. Economic Issues Management and Leadership Political Issues Society and Culture

The Jobs Outlook for 2022

Irving Wladawsky-Berger

The First , - in the last third of the 18th century, - ushered the transition from hand-made goods to mechanized, machine-based production based on based on steam and water power. The Second , - a century later, - revolved around steel, railroads, cars, chemicals, petroleum, electricity, the telephone and radio, leading to the age of mass production. A few weeks ago, the World Economic Forum (WEF) released The Future of Jobs Report 2018.

Survey 128