Enabling Technology
Bain & Company - May 27, 2021
Digital Supply Chain Architecture: Less ERP, More Cloud
To build resilient supply chains, companies are replacing core enterprise resource planning technology with cloud-based capabilities.
McKinsey & Company - May 26, 2021
The new digital edge: Rethinking strategy for the postpandemic era
Our latest survey confirms that the future will belong to companies that put technology at the center of their outlook, capabilities, and leadership mandate.
Medium ($) - May 26, 2021
How To Think Like A Data Analyst: The Business Leader’s Guide
Learn how to ask better questions. Build new skills for the digital age.
Fast Company ($) - May 21, 2021
This AI platform tracks corporate climate risks around the world
The new tool from Cervest shows physical risks such as floods or droughts that have happened historically and then predicts what will happen over the next 80 years.
Last month, I highlighted articles both on reinforcement learning and on how technology is being used to strengthen strategy. In this post, we see a full integration of the two ideas. I first witnessed a nascent version of this in Erik Beinhocker’s book, The Origin of Wealth. Now, we are seeing it in reality – emergent strategy being modeled by computers!
Medium ($) - May 7, 2021
The Impact of MuZero and How AI Could Change Strategy Making
Until a few years ago, the only AI agent capable of strategy making was OpenAI’s multi-agent system. OpenAI Five was capable of playing the complex strategy game Dota2 at superhuman levels. While the OpenAI Five engineers coded the various features, rules and reward functions of the game, it learned by playing against itself; 180 years per day. It was a remarkable experience in collaboration and strategy making by an AI agent.
Bain & Company - May 12, 2021
How Upgrading Technology Helps Modernize the Business
New ERP and SaaS systems can spur changes in the operating model.
Here is an article that upholds the beneficial side of digital personas. The authors lay out guidelines for how to productively leverage the same technologies that create “deepfakes”. It remains to be seen how society will adopt these business “doubles”.
MIT Sloan Management Review ($) - Apr 27, 2021
Creating Valuable (and Trusted) Experiences With Digital Personas
Deepfakes have received much (well-deserved) bad press — but the underlying technology holds plenty of potential for companies to build positive customer experiences.
Wired ($) - Apr 28, 2021
Ford’s Ever-Smarter Robots Are Speeding Up the Assembly Line
A transmission factory shows how artificial intelligence may creep into industrial processes in gradual and often imperceptible ways.
The term “algorithmic management” has to make some of us shudder – especially in the aftermath of Cambridge Analytica – but it’s here, and I think it is here to stay. The question is whether we can harness these behavioral nudges for good. Just quickly – algorithmic management uses AI algorithms to watch, monitor, and process our individual behavior via our data emissions (phones, watches, wifi device usage like vehicle or home appliances, apps, and digital assistants, etc…) in order to prompt us to adjust our behavior. It leverages it’s knowledge of our patterns of behavior and our current context to suggest that we act in a certain way. The author encourages us to think about how we leverage these nudges in a win-win way (with our employees or customers) without crossing ethical and regulatory lines.
HBR.org - Apr 22, 2021
Algorithmic Nudges Don’t Have to Be Unethical
“Nudging” — the strategy of changing users’ behavior based on how apparently free choices are presented to them — has come a long way since the concept was popularized by University of Chicago economist Richard Thaler and Harvard Law School professor Cass Sunstein in 2008. With so much data about individual users and with the AI to process it, companies are increasingly using algorithms to manage and control individuals — and in particular, employees.
strategy+business ($) - Apr 15, 2021
How the need for secure supply chains is propelling blockchain
A PwC study predicts that blockchain’s ability to track provenance will contribute US$962 billion to global GDP over the next decade.
The idea of a “digital twin” may never cease to amaze me. The term simply makes me smile. Having worked in corporate performance management and strategy execution for many years, the possibility of creating a digital replica of a business, so environmental effects can be varied and business scenarios tested is simply amazing. This article shares the story of a digital twin that has been developed for a BMW assembly line in Regensburg, Bavaria. The simulation allows the team to do detailed planning of the robotic process – and they hope to have the robots actually learn from the simulation over time. My, oh, my.
Wired ($) - Apr 12, 2021
BMW’s Virtual Factory Uses AI to Hone the Assembly Line
The German automaker uses new software from chipmaker Nvidia to simulate train robots and human workers.
I’m trying to track alongside the AI technique of reinforcement learning and the business momentum it is gaining. As an aside, I happened to stay up late nights to watch the various stages of the America’s Cup sailing regatta (which is discussed), and I find the evolution of the hydrofoil design of sailboats to be amazing! This article shares how reinforcement learning allowed thousands of hydrofoil designs to be considered by the New Zealand team – and spurred it on to its second consecutive win. Acknowledging my limited acumen in this area, I still believe that reinforcement learning is going to be the future of preparing and running businesses amidst uncertainty. Well worth reading this article if not studying the topic.
McKinsey & Company - Apr 1, 2021
It’s time for businesses to chart a course for reinforcement learning
An advanced artificial intelligence technique is quickly becoming accessible to organizations as a tool for speeding innovation and solving complex business problems.
Here is a trend that is running rampant in China, and I would suggest is on an uptick in the U.S. Livestreaming is going to be fun to watch! The article is worth reading if this is new territory for you.
New York Times ($) - Mar 14, 2021
Livestreaming, Still Niche, Grows as a Tool for Retailers
Amazon Live is a prominent example of how interactive video shopping, popularized by TV networks like QVC, has moved online.
Duke Corporate Education - Mar 1, 2021
The Rise of Digital Leadership
Winning in the digital economy is far more complex. Operations and scale continue to be important, of course, but as digital has revolutionized industries, competition, and business models, a new form of leadership – digital leadership – is necessary to guide organizations through the transition from analog to digital, and to thrive in the digital economy.
IBM - Feb 7, 2021
Hybrid cloud for accelerating discovery workflows
Hybrid cloud could ultimately enable a new era of discovery, using the best resources available at the right times, no matter the size or complexity of the workload, to maximize performance and speed while maintaining security.
CMR Website - Feb 1, 2021
Ready or Not: Managers’ and Employees’ Different Perceptions of Digital Readiness
Digital transformation is now an essential requirement in the financial sector. It is important to align the perceptions of both managers and employees to ensure a successful transition.
MIT Sloan Management Review ($) - Feb 3, 2021
What We’ve Learned So Far About Blockchain for Business
The biggest challenge to companies creating blockchain apps isn’t the technology — it’s successfully collaborating with ecosystem partners.
McKinsey & Company - Jan 29, 2021
How do you measure success in digital? Five metrics for CEOs
As organizations launch more and more digital initiatives, CEOs must monitor whether they are delivering business results. These metrics are ones to watch.
MIT Sloan Management Review - Jan 11, 2021
How Machine Discovery Can Accelerate Solutions to Society’s Big Problems
Machine learning can accelerate breakthrough advances in fields as diverse as energy, medicine, and urban planning.
All Time Favorites
MIT Sloan Management Review ($) - Oct 24, 2010
George Veth
Interesting review of a platform that tracks and predict physical environment trends and risks around the globe. This seems like a great data set to pipe into scenario planning and simulation efforts. I could see the same thing being automated for the other dimensions of risk present in our environment (see Amy Webb’s 11 Sources of Disruption).