Enabling Technology

Edward Dixon ($) - May 30, 2021

AI Adoption & Business value: a lesson from the Ireland of 1908

To get a sense of just how hard it is to go from “nailed the science bit!” to “serious business value”, let’s take a look at an earlier technological revolution — the electric motor.

Read Article By Edward Dixon

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.

Read Article By Olaf Schatteman and Juliane Stephan

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.

Read Article By Evan Williams, Jeff Galvin, and Laura LaBerge

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.

Read Article By Hyper Anna

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).

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.

Read Article By Adele Peters
Source Photo: [Photo: Armastas/iStock, andrej67/iStock]

George Veth

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.

Read Article By Dr Mark van Rijmenam
Source Photo: Deepmind — MuZero

Bain & Company - May 12, 2021

How Upgrading Technology Helps Modernize the Business

New ERP and SaaS systems can spur changes in the operating model.

Read Article By Juan Jimenez, Will Poindexter, and Jordi Ciuró

George Veth

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.

Read Article By Sanjay Podder, Shalabh Kumar Singh, Neville Dubash, and David Light

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.

Read Article By Will Knight
Source Photo: PHOTOGRAPH: OLIVER BERG/GETTY IMAGES

George Veth

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. 

Read Article By Mareike Möhlmann
Source Photo: Hiroshi Watanabe/Getty Images

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.

Read Article By Haydn Jones
Source Photo: Photograph by Marcus Chung

George Veth

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.

Read Article By Will Knight
Source Photo: Courtesy of NVIDIA

George Veth

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.

Read Article By Jacomo Corbo, Oliver Fleming, and Nicolas Hohn

George Veth

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.

Read Article By Jackie Snow

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.

Read Article By Ryan McManus

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.

Read Article By Alessandro Curioni, Talia Gershon, and John Smith

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.

Read Article By Anne Gfrerer, Katja Hutter, Johann Füller, and Thomas Ströhle

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.

Read Article By Mary Lacity and Remko Van Hoek
Source Photo: Image courtesy of Dan Page/theispot.com

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.

Read Article By Matt Fitzpatrick and Kurt Strovink

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.

Read Article By Mark Purdy and Max Klymenko
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enabling technology v02

 

Enabling Technology leverages the latest software and devices to support the themes of management innovation

All Time Favorites

MIT Sloan Management Review ($) - Oct 24, 2010