Technology Investment

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Closing the Innovation Achievement Gap

  • Read Time: 4 min 

What makes a company an innovation leader? To a great extent, it’s a matter of mindset. Executives whose technology-led transformation projects aren’t delivering the expected value must make strategic shifts in terms of their companies’ technology adoption, technology penetration, and organizational change.

Overcoming Cultural and Technical Debt

Companies take on debts beyond just monetary ones that can be just as heavy as the greatest financial liabilities. Technical and cultural debt accrue as a byproduct of the decisions and investments companies make along their growth journeys, and both can weigh companies down. In this week’s episode of Three Big Points, Stanford’s Bob Sutton takes us inside ride-sharing giant Uber, an ideal case study.

The Best of This Week

  • Read Time: 2 min 

This week’s must-reads for managing in the digital age: the promise of a symbiotic human-AI strategy, how leaders are responding to regulatory rollbacks, spurring innovation through internal-external partnerships, and the power and potential of metrics done right.

Getting Your Employees Ready for Work in the Age of AI

  • Frontiers

  • Research Highlight
  • Read Time: 7 min 

How can companies and employees find common ground when it comes to skill development and investment in AI capabilities? To start, senior executives should seek clarity around capability gaps and determine which skills their people need. From there, leaders should take an approach that advances those skills for human-AI collaboration.

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How to Read and Respond to Weak Digital Signals

  • Frontiers

  • Research Highlight
  • Read Time: 8 min 

In the digital age, the competitive landscape can be transformed in the blink of an eye. Companies can use weak digital signals to help redefine their offerings and the scale and scope of how they compete. Companies that can’t do this in a timely manner put themselves at a competitive disadvantage because they must invest in additional resources to catch up.

Preparing for a Blockchain Future

With the rise of blockchain and adoption of cryptocurrencies, companies across different industries can benefit from the increased trust and transparency these emerging technologies provide. Most executives recognize the need to prioritize blockchain as part of their business strategy, but the question of how to adopt and reskill can be daunting.

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Wait-and-See Could Be a Costly AI Strategy

  • Research Highlight
  • Read Time: 4 min 

Less than 5% of companies are using AI to reinvent how they do business, but the competitive intensity surrounding the technology suggests that a wait-and-see strategy could be a costly mistake. To get a share of the global profit pool of $1 trillion that AI will produce by 2030, the McKinsey Global Institute says companies should begin adopting it at scale within the next three years.

How Digital Media Will Bring Out Our Best Selves in the Workplace

Tomorrow’s most productive individuals will have more and better digital versions of themselves. The vision: Individuals will be able to utilize customized software and digital tools to improve their performance and productivity, with these digital versions of themselves able to significantly outperform their average self. In this world, AI will stand for “Augmented Introspection” as well as “Artificial Intelligence.”

How to Monetize Your Data

Companies can monetize their data by improving internal business processes and decisions, wrapping information around core products and services, and selling information offerings to new and existing markets. Adopting any of these approaches, however, requires management commitment to specific organizational changes and targeted technology and data management upgrades.

Technology Solutions for Health Care Need a Continuous Process

It’s no secret that the fee-for-service model in U.S. health care is a driving factor in spiraling costs. WellPoint’s innovative plan to shift to a value-based payment plan may prove to be a key innovation that keeps a lid on those costs. But as commentator Sam Ransbotham points out, their effort to change the payment system also highlights a need for process changes at WellPoint itself.

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How Big Data is Influencing Big Companies

A recent data and analytics survey sheds light on what large organizations are actually doing with big data initiatives. The survey of nearly 100 senior executives from Fortune 1000 companies found that executives are reporting anincreasing commitment to big data projects. As well, most executives, 70%, are looking to improve their “time to answer” with big data.

When One Size Does Not Fit All

Although executives understand the difference between efficiency and responsiveness, many are confused about when to apply each strategy. In recent years, companies have been caught in the bind in which Dell Inc. found itself in 2008, when it needed to transform its supply chain to serve new customers in new channels. The question was: how to do that? Dell decided to create multiple supply chains, configured so that the company could reduce complexity and benefit from economies of scale.

Showing 1-20 of 26