Innovation

Posted on December 5, 2019 by admin

AI’s Next Great Challenge: Understanding the Nuances of Language

Illustration by James Yang Language is a uniquely human capability and the manifestation of our intelligence. But through AI — specifically natural language processing (NLP) — we are providing machines with language capabilities, opening up a new realm of possibilities for how we’ll work with them. Today you can walk into a darkened living room Read More

Posted on November 21, 2019 by admin

How Smart Speakers Are Poised to Reinvent the Travel Industry

HBR Staff/Victor Cardoner/Getty Images Marriott recently teamed up with Amazon to offer a hospitality version of the e-commerce giant’s Echo devices in select hotel rooms. Now, when guests want to order room service or housekeeping, they can simply ask Alexa, the voice of their disembodied personal concierge. Travelers with an Alexa device at home can Read More

Posted on November 21, 2019 by admin

6 Steps to Make Your Strategic Plan Really Strategic

Alicia Llop/Getty Images Why is it that when a group of managers gets together for a strategic planning session they often emerge with a document that’s devoid of “strategy”, and often not even a plan? I have one such document in front of me as I write this. It starts with a “vision” statement, moves Read More

Posted on November 21, 2019 by admin

Why Even AI-Powered Factories Will Have Jobs for Humans

Yagi Studio/Getty Images It was going to be the factory of the future. Dubbed the “Alien Dreadnought,” Tesla’s new manufacturing facility in Fremont, California, was designed to be fully automated — no humans need apply. If all went well, AI-powered robots would enable the company to achieve a weekly production of 5,000 Model 3 electric Read More

Posted on September 17, 2019 by admin

New Supply Chain Jobs Are Emerging as AI Takes Hold

alashi/Getty Images Companies are cutting supply chain complexity and accelerating responsiveness using the tools of artificial intelligence. Through AI, machine learning, robotics, and advanced analytics, firms are augmenting knowledge-intensive areas such as supply chain planning, customer order management, and inventory tracking. What does that mean for the supply chain workforce?

Posted on September 17, 2019 by admin

What’s the Purpose of Companies in the Age of AI?

Tintan/Getty Images Recent advances in artificial intelligence (AI) and computer technology are causing us to think again about some really basic questions: what is a firm?  What can firms do better than markets?  And what are the distinctive qualities of firms in a world of smart contracts and AI? While there has been a lot Read More

Posted on September 17, 2019 by admin

The Best Way for Netflix to Keep Growing

jakob owens/unsplash Netflix has a lot to gain by becoming a multisided platform. Currently, Netflix is in the business of buying or making content, which it sells consumers access to at prices and on terms it fully controls (a monthly subscription). That’s unlike a platform such as YouTube, which enables myriad content providers to sell directly to Read More

Posted on September 17, 2019 by admin

Why Western Digital Firms Have Failed in China

Paper Boat Creative/Getty Images Many leading American digital firms, including Google, Amazon, eBay, and Uber, have successfully expanded internationally by introducing their products, services, and platforms in other countries. However, they have all failed in China, the world’s largest digital market. The widely touted reasons for these failures include censorship by the Chinese government and Read More

Posted on September 17, 2019 by admin

To Make Self-Driving Cars Safe, We Also Need Better Roads and Infrastructure

Paul Taylor/Getty Images The big question around self-driving cars, for many people, is: When will the technology be ready? In other words, when will autonomous vehicles be safe enough to operate on their own? But there has been far less attention paid to two equally important questions: When will the driving environment be ready to Read More

Posted on September 17, 2019 by admin

Having a Growth Mindset Makes It Easier to Develop New Interests

Rafael Ben-Ari/Getty Images Steve Jobs’s vision for Apple was rooted in the belief that the arts and sciences do not live in isolation. They complement and enhance each other. John Lasseter, chief creative officer at Pixar, echoed this sentiment stating, “Technology inspires art, and art challenges the technology.” But even though integrating these areas can Read More

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