jerryking + technology   146

Where Computing Is Headed—Beyond Quantum
Feb. 4, 2020 | WSJ | By Sara Castellanos.

Startups are coming up with new ways to make computer chips and store huge amounts of data in DNA........dozens of companies gaining interest from investors and corporations because of their novel approaches to computing. They are using light, quantum physics, molecular biology and new design methods to build chips and create data-storage techniques for future computing demands.
data  DNA  engineering  fundamental_discoveries  good_enough  high-risk  innovation  light  molecular_biology  Moore's_Law  novel  quantum_computing  semiconductors  software  start_ups  technology  up-and-comers  vc  venture_capital 
23 days ago by jerryking
Opinion | Tech Loses a Prophet. Just When It Needs One.
Jan. 29, 2020 | The New York Times | By Kara Swisher, Ms. Swisher covers technology and is a contributing opinion writer.

* “How Will You Measure Your Life?” by Clay Christensen.
* The Intel founder and chief executive Andy Grove was a fan. So was the Apple legend Steve Jobs. Both men were doubtlessly attracted to the idea that start-ups made up of outsiders could find ways to create new markets and new value — and disrupt and overwhelm established companies.
* Professor Christensen’s formula was elegant: “First, disruptive products are simpler and cheaper; they generally promise lower margins, not greater profits. Second, disruptive technologies typically are first commercialized in emerging or insignificant markets. And third, leading firms’ most profitable customers generally don’t want, and indeed initially can’t use, products based on disruptive technologies.”
* though no fault of Professor Christensen’s, disruptive innovation took a turn for the worse in tech. Silicon Valley failed to marry disruption with a concept of corporate responsibility, and growth at all costs became its motto. The more measured approach that Professor Christensen taught was ignored.
* “It’s easier to hold your principles 100 percent of the time than it is to hold them 98 percent of the time.”
* “In fact, how you allocate your own resources can make your life turn out to be exactly as you hope or very different from what you intend.”
* “Decide what you stand for. And then stand for it all the time.”
advice  Andy_Grove  books  Clayton_Christensen  disruption  ideas  Kara_Swisher  principles  prophets  resource_allocation  self-help  Silicon_Valley  Steve_Jobs  technology  tributes 
29 days ago by jerryking
Opinion | How Technology Saved China’s Economy - The New York Times
By Ruchir Sharma
Mr. Sharma is an author, global investor and contributing opinion writer.

Jan. 20, 2020,
China  China_rising  recessions  Ruchir_Sharma  surveillance_state  technology 
5 weeks ago by jerryking
Scaling Success Lazaridis Institute Whitepaper
March 2016

Building a prosperous Canadian knowledge-economy depends in no small part on the creation of
a next generation of high-growth, globally competitive Canadian technology companies. These
high-growth companies contribute disproportionately to the creation of employment and economic
growth. However, compared to other mature economies, Canada has so far underperformed on the
creation of these firms.
As part of the development of the Lazaridis Institute at Wilfrid Laurier University, this white paper
is designed to shed light on the relative scarcity of high-growth Canadian technology firms. We
began by asking 125 of Canada’s most well-informed and best-placed industry stakeholders—in
particular the founders of, and investors in, high-growth technology firms—to talk about the major
impediments facing these firms. Their comments indicated a significant knowledge gap related
to the role management and executive skills play among these growth challenges. Their feedback
also demonstrated a shared understanding that scaling a technology company in today’s global
marketplace is radically different than in previous eras.
The analysis of this data reveals the following key findings:
• While science, technology, engineering and mathematics-related (STEM) talent is
abundant, the talent pool in general lacks business and management knowledge.
• Shortages of experienced management and/or executive talent are the primary inhibitors
to scaling up.
• Canadian technology firms lack key management competencies in specific areas including
sales, marketing, organizational design and product management.
• The talent shortage is linked to the lack of existing and/or exited growth firms in
Canada’s technology sector.
These findings underscore the importance of building a well-rounded cadre of managers and
executives in Canada’s technology sector. Doing so must take into consideration the fact that
today’s technology markets are distinguished by far shorter time-to-market and product life cycles,
as well as a generally more complex global operating environment.
This white paper presents an in-depth review of the challenges facing Canadian high-tech firms and
develops a strong evidence base upon which to build future initiatives designed to address them.
The work represents an important first step by the Lazaridis Institute to help a next generation of
Canadian technology companies scale into global leaders.
Canada  Canadian  gazelles  high-growth  investors  scaling  start_ups  talent  technology  Colleges_&_Universities  Kitchener-Waterloo  knowledge_economy  WLU  Mike_Lazaridis  team_risk 
7 weeks ago by jerryking
Family offices turn their attention to tech companies
December 2, 2019 | | Financial Times | by Javier Espinoza.

return comes from a few hyper-successful outliers. Investors should take a portfolio approach to have the best chance of “catching the winners”,
early-stage  Europe  family_office  high_net_worth  investors  technology  venture  capital  vc 
12 weeks ago by jerryking
Consciously decoupling the US economy
December 1 , 2019 | Financial Times | Rana Foroohar.

The US is economically decoupling from the rest of the world.....Europe is being pulled into China’s technology orbit via the 5G standards and technologies that make up part of the Belt and Road Initiative......one of the most important things the US could do right now to ensure both national security and its own position in the 21st-century digital economy would be to work with allies on transatlantic standards for emerging technologies like 5G, artificial intelligence and so on....... decoupling is no longer a fringe idea......the Council on Foreign Relations (CFR) is now admitting that we are in a more fragmented world — one that won’t reset to the 1990s — and advocating what amounts to a US industrial policy--- a major shift in thinking. Deglobalisation, the idea of the US and China decoupling economically, is now mainstream.....heightened awareness of the relationship between national security and technology........it is becoming a given that the US needs a more coherent national economic strategy in a world in which state capitalism is in the ascendant. The question is how to get there. And that’s where the internal contradictions in America’s laissez-faire, free-market system start to become a problem......what role should government play?........What should the private sector expect from government and what should they be willing to do in exchange (e.g. Will FAANG repatriate profits to the U.S.? Will Silicon Valley and Wall Street volunteer to retrain the millions of underemployed millennials? How can we move from 40 years of supply-side thinking that has benefited multinational companies, towards something that better supports local economies and workers? ...if America is going to compete with a state-run economy like China in the digital era — one that seems to support a winner-takes-all dynamic — we are going to need bigger, public-sector directed shifts.
5G  adversaries  CFR  China  China_rising  decoupling  deglobalization  digital_economy  industrial_policies  military-industrial_complex  multinationals  new_tech_Cold_War  One_Belt_One_Road  public_sector  Rana_Foroohar  security_&_intelligence  state_capitalism  supply_chains  tariffs  technical_standards  technology  U.S.-China_relations  winner-take-all 
12 weeks ago by jerryking
Stock Market Drops. VCs Hold Partner Meetings. What Happens Next? | TechCrunch
So let me give you the news 2 months early. If the economy and the stock market continue to languish that’s exactly what’s going to happen.

I’ll bet most partners’ meetings this week consisted of looking just a little bit closer at the cash needs of their portfolio companies – making sure they’re “fully funded.” I’ll bet many of them did a review of their “investment pace” as in – how quickly should we be investing. I’ll bet many did a slow roll on deals that might have gotten approved today. Not a “no” but not yet a “yes.”

It’s impossible to sit in a partners’ meeting on a day like today without having an iPhone on watching the stock market free fall and no matter how much of a public tech cheerleader you are – privately I guarantee there was much concern.

If we do head South it will take a few weeks or months until the memos to portfolio companies get published and the Powerpoint presentations get sent out. But the internal conversation started today – trust me. VCs will take a “wait and see” approach right now. Don’t want to call it either way. It’s too early.
economic_downturn  economy  entrepreneurship  history  investors  technology  business  recessions  start_ups  vc  venture_capital  via:sha 
november 2019 by jerryking
How investment analysts became data miners | Financial Times
Robin Wigglesworth 5 HOURS AGO
Distribution is increasingly focused on pulling readers in rather than pushing content out. Rather than emailing research and praying it gets opened, many banks have built up personalisable research portals. More content is now made public. The websites of most big investment banks now look more like those of think-tanks.....“The evolution of capital markets has put investment research departments in a tricky position,” ..... “The industry has changed dramatically in how it’s done and distributed. But what has not changed is the fundamental job: coming up with great ideas.”
alternative_data  asset_management  charts  data  data-driven  data_scientists  idea_generation  index_funds  investment_research  money_management  passive_investing  sell_side  technology  UBS  unbundling 
november 2019 by jerryking
Opinion | The World-Shaking News That You’re Missing
Nov. 26, 2019 | The New York Times | By Thomas L. Friedman

** “Has China Won? by  Kishore Mahbubani

A new wall — a digital Berlin Wall — had begun to be erected between China and America. And the only thing left to be determined, a Chinese business executive remarked to me, “is how high this wall will be,” and which countries will choose to be on which side.

This new wall, separating a U.S.-led technology and trade zone from a Chinese-led one, will have implications as vast as the wall bisecting Berlin did. Because the peace, prosperity and accelerations in technology and globalization that have so benefited the world over the past 40 years were due, in part, to the interweaving of the U.S. and Chinese economies.

The messy, ad hoc decoupling of these two economies, driven by miscalculations by leaders on both sides, will surely disrupt those trends and the costs could be huge. We might want to talk about that.

Former Treasury Secretary Hank Paulson gave a speech here a year ago trying to kick-start that discussion. “For 40 years,” Paulson noted, “the U.S.-China relationship has been characterized by the integration of four things: goods, capital, technology and people. And over these 40 years, economic integration between the two countries was supposed to mitigate security competition. But an intellectually honest appraisal must now admit both that this hasn’t happened and that the reverse is taking place.” That reversal is happening for two reasons. First, because the U.S. is — rightly — no longer willing to accept China’s unfair trade practices. Second, because, now that China is a technology powerhouse — and technological products all have both economic and military applications........“after 40 years of integration, a surprising number of political and thought leaders on both sides advocate policies that could forcibly de-integrate the two countries across all four of these baskets.” the digital Berlin Wall took a big step up on May 17, when Trump blacklisted China’s Huawei.......Lots of Chinese tech companies are now thinking: We will never, ever, ever leave ourselves again in a situation where we are totally dependent on America for key components. Time to double down on making our own......similarly, U.S. manufacturers are thinking twice about building their next factory in China or solely depending on a supply chain from there.....this is the sound of two giant economies starting to decouple.....the State Department has been restricting visas for Chinese graduate students studying in sensitive fields — like aviation, robotics and advanced manufacturing ....
What to do?
Friedman is worried that by imposing more and more export and visa controls we will be cutting ourselves off from the access we need to the global investment pools, customers and collaborative scientists and engineers to maintain our technological lead.

I still believe that the most open systems win — they get all the signals of change first, they attract the most high-I.Q. risk-takers/innovators and they enrich and are enriched by the most global flows of talent, ideas and capital. That used to be us.....

China is our economic competitor, economic partner, source of talent and capital, geopolitical rival, collaborator and serial rule-breaker. It is not our enemy or our friend.

The only effective way to manage a relationship this complex is:
1) with an all-of-government approach. You can’t have the Justice Department doing one thing, the Pentagon another, the Treasury another, the trade negotiators another, the State Department another and the president tweeting another. And
2), we need as many Pacific and European allies as possible so it’s “The Whole World Versus China”
blacklists  books  China  China_rising  co-ordinated_approaches  decoupling  Donald_Trump  dual-use  economic_disengagement  economic_integration  espionage  future  Hank_Paulson  Huawei  miscalculations  new_tech_Cold_War  open_borders  security_&_intelligence  seismic_shifts  self-sufficiency  signals  students  supply_chains  technology  Tom_Friedman  undermining_of_trust  U.S.-China_relations  visa_students  walled_gardens  Xi_Jinping 
november 2019 by jerryking
Opinion | Dealing With China Isn’t Worth the Moral Cost
Oct. 9, 2019 | The New York Times | By Farhad Manjoo.

We thought economic growth and technology would liberate China. Instead, it corrupted us.

The People’s Republic of China is the largest, most powerful and arguably most brutal totalitarian state in the world. It denies basic human rights to all of its nearly 1.4 billion citizens. There is no freedom of speech, thought, assembly, religion, movement or any semblance of political liberty in China. Under Xi Jinping, “president for life,” the CCP has built the most technologically sophisticated repression machine the world has ever seen. In Xinjiang, in Western China, the government is using technology to mount a cultural genocide against the Muslim Uighur minority that is even more total than the one it carried out in Tibet. Human rights experts say that more than a million people are being held in detention camps in Xinjiang, two million more are in forced “re-education,” and everyone else is invasively surveilled via ubiquitous cameras, artificial intelligence and other high-tech means.

None of this is a secret. Under Xi, China has grown markedly more Orwellian;......Why do we give China a pass? In a word: capitalism. Because for 40 years, the West’s relationship with China has been governed by a strategic error the dimensions of which are only now coming into horrific view.......A parade of American presidents on the left and the right argued that by cultivating China as a market — hastening its economic growth and technological sophistication while bringing our own companies a billion new workers and customers — we would inevitably loosen the regime’s hold on its people....the West’s entire political theory about China has been spectacularly wrong. China has engineered ferocious economic growth in the past half century, lifting hundreds of millions of its citizens out of miserable poverty. But China’s growth did not come at any cost to the regime’s political chokehold....It is also now routinely corrupting the rest of us outside of China......the N.B.A.’s hasty and embarrassing apology this week after Daryl Morey, the Houston Rockets’ general manager, tweeted — and quickly deleted — a message in support of Hong Kong’s protesters......The N.B.A. is far from the first American institution to accede to China’s limits on liberty. Hollywood, large tech companies and a variety of consumer brands — from Delta to Zara — have been more than willing to play ball. The submission is spreading: .....This sort of corporate capitulation is hardly surprising. For Western companies, China is simply too big and too rich a market to ignore, let alone to pressure or to police. .....it will only get worse from here, and we are fools to play this game. There is a school of thought that says America should not think of China as an enemy. With its far larger population, China’s economy will inevitably come to eclipse ours, but that is hardly a mortal threat. In climate change, the world faces a huge collective-action problem that will require global cooperation. According to this view, treating China like an adversary will only frustrate our own long-term goals......this perspective leaves out the threat that greater economic and technological integration with China poses to everyone outside of China. It ignores the ever-steeper capitulation that China requires of its partners. And it overlooks the most important new factor in the Chinese regime’s longevity: the seductive efficiency that technology offers to effect a breathtaking new level of control over its population......Through online surveillance, facial recognition, artificial intelligence and the propagandistic gold mine of social media, China has mobilized a set of tools that allow it to invisibly, routinely repress its citizens and shape political opinion by manipulating their feelings and grievances on just about any controversy.....Chinese-style tech-abetted surveillance authoritarianism could become a template for how much of the world works.
adversaries  artificial_intelligence  authoritarianism  brands  capitalism  capitulation  China  China_rising  Chinese_Communist_Party  climate_change  collective_action  cultural_genocide  decoupling  despots  errors  facial_recognition  Farhad_Manjoo  freedom  Hollywood  Hong_Kong  human_rights  influence  NBA  op-ed  Orwell  propaganda  repression  self-corruption  surveillance  surveillance_state  technology  threats  Tibet  totalitarianism  tyranny  Uyghurs  unintended_consequences  values  Xi_Jinping 
october 2019 by jerryking
Opinion | The Meritocracy Is Ripping America Apart
Sept. 12, 2019 | - The New York Times | By David Brooks.

savage exclusion tears the social fabric.

There are at least two kinds of meritocracy in America right now. Exclusive meritocracy exists at the super-elite universities and at the industries that draw the bulk of their employees from them — Wall Street, Big Law, medicine and tech. And then there is the more open meritocracy that exists almost everywhere else.

In the exclusive meritocracy, prestige is defined by how many people you can reject....The more the exclusivity, the thicker will be the coating of P.C. progressivism to show that we’re all good people.

People in this caste work phenomenally hard to build their wealth......People in this caste are super-skilled and productive.....These highly educated professionals attract vast earnings while everybody else gets left behind......Parents in the exclusive meritocracy raise their kids to be fit fighters within it....affluent parents invest on their kids’ human capital, over and above what middle-class parents can afford to invest......the Kansas Leadership Center. The center teaches people how to create social change and hopes to saturate the state with better leaders. But the center doesn’t focus on traditional “leaders.” Its mantra is: “Leadership is an activity, not a position. Anyone can lead, anytime, anywhere.” The atmosphere is one of radical inclusion.....People in both the exclusive and open meritocracies focus intensely on increasing skills. But it’s jarring to move from one culture to the other because the values are so different. The exclusive meritocracy is spinning out of control. If the country doesn’t radically expand its institutions and open access to its bounty, the U.S. will continue to rip apart.
Accomplisher_Class  Big_Law  caste_systems  Colleges_&_Universities  David_Brooks  elitism  exclusivity  hard_work  human_capital  inequality  law_firms  leadership  medicine  meritocracy  op-ed  parenting  political_correctness  social_classes  social_exclusion  social_fabric  social_impact  social_inclusion  social_mobility  society  technology  values  Wall_Street  winner-take-all 
september 2019 by jerryking
Opinion: Canadian companies must prepare for disruptors to come knocking
July 26, 2019 | The Globe and Mail | by JOHN RUFFOLO.

In August, 2011, technology legend Marc Andreessen wrote his seminal article titled Why Software Is Eating the World, which became the central investment thesis behind his venture capital firm Andreessen Horowitz. Andreessen’s prognostication has since followed Amara’s Law on the effect of technology, which aptly states: “We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.” [JCK: See also Andy Kessler's definition of S-Curves "Technology develops in S curves: Things start slow, go into hyperbolic growth, and then roll over. "] The feast has really just begun.

We are in the midst of the Fourth Industrial Revolution – or as some call it, the Information Revolution.....the Information Revolution really began to take shape in 2008, catalyzed by three incredibly powerful and converging forces – mobility-first, cloud computing and social media. All three forces collided together with full impact in 2008, spawning a wave of new technology companies.......The next phase of the Fourth Industrial Revolution will see the rise of a new species of company – the “disruptors.” While technology companies will continue to grow, we are witnessing the enablement of those technologies across all economic sectors as the leading weapon used by new entrants to disrupt the traditional incumbents in their respective industries. The massive influx of venture capital to support the building and growth of technology companies over the past 10 years has produced these tools, such as artificial intelligence, machine learning, and the internet of things, which are now being leveraged across all industries......Those companies that can harness these new technologies to operate better and faster, and to gain unmatched insights into their customers, will prosper. Although these disruptors are not technology companies in the conventional sense, their tight focus on value creation through innovation further blurs the lines between a technology company and a traditional company.

The incumbents, however, are not asleep at the wheel. To ward off the disruptors, they know they must embrace technology. It is this battleground that I believe will generate the greatest wealth creation and transfer opportunities over the next decade. The disruptors, naturally, are particularly active in those industries where they perceive the incumbents to be burdened by outdated technological infrastructure or business models, and hard-pressed to counterattack.

Yesterday, the disruptors focused primarily on consumer sectors such as the music industry, travel booking, newspapers, magazines and book publishing. Today, it’s groceries, entertainment and personal transportation, thanks to Amazon, Netflix and Uber, respectively.

But consumer-focused sectors were just the start for the disruptors. Before long, I believe we will see them try to disrupt varied industries such as banking, insurance, health care, real estate and even agriculture and mining; no industry will be immune. These sectors all represent emblematic Canadian brands, and yes, each will in turn will go through the same jarring disruption as so many others.
************************************************
See [Why It’s Not Enough Just to Be Disruptive - The New York Times
By JEREMY G. PHILIPS AUG. 10, 2016] Creating enormous value over the long term requires turning a tactical edge into some form of durable advantage....Superior tactical execution can still create real value, particularly where it provides ammunition for a bigger war (like Walmart’s battle with Amazon). And in the long term, value is created not by disruption, but by weaving together advantages (as both Amazon and Walmart have done in different ways) that together create a barrier that is hard to storm.
Amara's_Law  artificial_intelligence  cloud_computing  digital_savvy  disruption  incumbents  insurgents  investment_thesis  John_Ruffolo  legacy_tech  Marc_Andreessen  mobility_first  overestimation  S-curves  social_media  software_is_eating_the_world  start_ups  technology  underestimation  venture_capital 
july 2019 by jerryking
Toronto’s tech boom is transforming the city
July 26, 2019 | The Globe and Mail | MARCUS GEE.

the tech industry that is transforming Toronto. The city is in the midst of a spectacular tech boom. Big firms such as Microsoft, Twitter, Uber, Google and Netflix are setting up shop or expanding here. Thousands of workers are coming to live and work in the city. Thousands of startup companies are revving their engines.

The pell-mell growth of the city comes in part from the rise of tech. Patrick Fejér of B+H Architects says 10 million square feet of new office space is due to open by 2024, more than was built from 1992 to the present. Toronto, he says, has more than 120 construction cranes in the air, compared with 65 in Seattle and 35 in New York.

CBRE, a real estate consultancy, says that Toronto is the fastest-growing market for tech talent in North America, “adding an eye-popping 80,100 tech jobs in the past five years, a 54-per-cent increase.” It now ranks third, just behind San Francisco’s Bay Area and Seattle.
Big_Tech  creative_class  downtown_core  housing  King-Spadina  Kitchener-Waterloo  livability  Marcus_Gee  millennials  neighbourhoods  Port_Lands  property_development  Sidewalk_Labs  talent  Toronto  transformational  transit  walkability  technology 
july 2019 by jerryking
Opinion: George Brown, the futurist
July 1, 2019 | The Globe and Mail | by MOIRA DANN, SPECIAL TO THE GLOBE AND MAIL.

Memories of the people present for Canada’s beginnings can teach us a great deal. Sometimes looking back helps you reconsider and reframe the present, so you can see different possibilities for the future.....George Brown often gets short shrift as a Father of Confederation.....know he was the founder of The Globe, let alone a founder of the country.....Brown wasn’t the charismatic lightning rod his confrère and rival John A. Macdonald was, nor was he as ready to dance and sing and flirt and play his own compositions on the piano, as was his Quebec frenemy, George-Étienne Cartier..... he was the most forward-looking of the lot......Brown came to Toronto from Scotland in 1843 via a short, five-year sojourn in New York working in dry goods and publishing.......It wasn’t long before Brown, defending the principle of the government’s responsibility to Parliament, was haranguing Governor-General Charles Metcalfe about public-service appointments made without the approval of the elected representatives. Brown soon enough made the leap from journalism to politics. ...... he was back wearing his journalist’s hat in 1867, writing a 9,000-word front-page editorial for The Globe’s July 1 edition when Canada’s Confederation became a political reality......While still publishing and writing for political-reform-minded Presbyterian church publication The Banner, Brown had foreseen a market trend: He anticipated the desire for (and the money-making potential of) a good newspaper directed less toward partisan believers and more at a general reader, a paper with a strong point of view and attempting a national perspective. He started The Globe on March 5, 1844.......After Brown started The Globe – it merged, in 1936, with the Mail and Empire, to become the newspaper that you are reading today – he was able to print and distribute it widely to extol Confederation because of some forethought: He had started investing in new technology. Just two months after starting The Globe using a hand press that printed 200 copies an hour, he went to New York and purchased a Hoe rotary press that could produce 1,250 copies an hour. His was the first one used in Upper Canada. He also made a deal with a rival publication, the British Colonist, to share the cost of using the telegraph to bring news from New York and Montreal......One thing Brown never allowed to lapse was his dedication to religious liberty, civil rights and the abolition of slavery. .....Brown was also a vocal advocate of prison reform...... the work he most loved: being husband to Anne and father to Margaret (Maggie), Catherine Edith (Oda) and George.
abolitionists  ahead_of_the_curve  Confederation  forethought  futurists  George_Brown  George-Étienne_Cartier  Globe_&_Mail  history  journalists  nation_builders  newspapers  politicians  prison_reform  Sir_John_A._MacDonald  technology 
july 2019 by jerryking
Top takeaways from Toronto’s Collision tech conference
MAY 28, 2019 | The Globe and Mail | JARED LINDZON.
SPECIAL TO THE GLOBE AND MAIL
PUBLISHED
Collision  lessons_learned  technology  Toronto 
may 2019 by jerryking
Walmart Hires Global Tech Chief to Compete With Amazon
May 28, 2019 | WSJ | By Sarah Nassauer.

Walmart is working to becoming an increasingly tech-focused company, buying up e-commerce startups and investing heavily to boost online sales. ...... Walmart is working to becoming an increasingly tech-focused company, buying up e-commerce startups, investing heavily to boost online sales, adding more grocery-delivery options and working to ramp up its digital ad revenue. The bulk of Walmart’s revenues and profits came from around 4,600 U.S. stores as of the most recent quarter......Walmart’s current chief information officer, Clay Johson, and all unit CTOs will report to Mr. Kumar. Marc Lore, Walmart’s head of U.S. e-commerce, will continue to report to Mr. McMillon directly,
Amazon  appointments  C-suite  CTOs  digital_strategies  e-commerce  hiring  retailers  start_ups  technology  Wal-Mart 
may 2019 by jerryking
Every Company Wants to Become a Tech Company–Even if It Kills Them
March 8, 2019 | WSJ | By John D. Stoll.

Wall Street loves a good reinvention story. The tough part is finding a happy ending.

All the plots seem to go something like this: Every company wants to convince us it’s becoming a tech company–even if it kills them..... an increasing number of companies are at least dabbling in new tech ventures to improve operations......The boom in vendors offering affordable ways to crunch data or utilize cloud computing, for instance, unlocks new strategies for companies across a wide variety of industries........Planet Fitness Inc. is one of the interested companies. The gym boasts 12 million members but CEO Chris Rondeau admits the company knows relatively little about them.

“Besides checking in the front door, we don’t know what members do,”.....The company is spending millions to retool certain treadmills and cardio equipment to better collect data as people exercise, commissioning a new smartphone app, and wants to tie into its customers’ wearable technology....many other CEOs aren’t convinced they have the luxury (of time to take things slowly). Even if it is hard to figure out what to do with all the data gathered and tools employed in the course of regular business, paralysis is not an option. Like a shark, they feel they need to keep swimming or die....... Nokia Corp., the Finnish company, started as a pulp mill in the 19th century and then branched off into various industries, including a successful venture into rubber boot making, ditched its failed mobile handset unit in 2013 to focus on a networks business that was thriving under the radar. Today, it’s locked in a high-stakes race to deploy 5G technology......In 2000, Major League Baseball owners committed $120 million to fund MLB Advanced Media. It aimed to infuse technology into the game and resulted in initiatives like online ticket sales and expanded radio coverage. The gem of that initiative, however, was a streaming television network launched in 2002...... it has attracted outside clients, such as ESPN, the WWE Network, Playstation Vue and HBO. The Walt Disney Co. acquired control recently for nearly $3 billion.... Dunnhumby Ltd., the data and analytics consultancy owned by European grocery chain Tesco PLC. Tesco bought Dunnhumby after it created the chain’s loyalty-card program. Dunnhumby ballooned into a storehouse of information and amassed clients and partners...Searching for the next BAMTech or Dunnhumby is now a religion at many companies......Walmart Inc., which has already heavily invested in e-commerce, wants to take its technology, marry it with everything the world’s largest retailer knows about us and use it to get into the advertising business......“Everyone’s thinking ‘we’ve got a ton of this stuff (data), how do we use it,’” Executives are trying to answer that question by hiring outside firms to analyze trends or setting up in-house units for experimentation.

Walmart is dumping digital-marketing agency Triad, a unit of WPP PLC, and will try its hand at selling advertising space. Armed with a trove of shopper data and connected to a chain of suppliers wanting to place ads in stores and on websites, Walmart hopes to challenge Amazon.com Inc. on this new front......At Ford Motor Co. , CEOJim Hackett envisions a day when automobiles roam streets collecting data from the occupants and the cars’ behavior like rolling smartphones. This is part of that “mobility as a service” vision car makers peddle.......“Corporations tend to reward action over thinking,”“But the truth is…you’ll find the companies that didn’t do the deep thinking and acted quickly have to redo things.
BAMTech  digital_savvy  Dunnhumby  experimentation  Ford  in-house  Jim_Hackett  massive_data_sets  MLB  Planet_Fitness  reinvention  Wal-Mart  mobility_as_a_service  technology  under_the_radar 
march 2019 by jerryking
Cake shop management cannot suffice for a modern economy.
Feb 28, 2019 | Kaieteur News | Columnists, Peeping Tom.

Cake shop management cannot suffice for a modern economy.

The style of governance since political Independence has not been conducive to development. It is ill-suited for modernization. Given the expansive nature of relations and issues which governments have to address, there is a need for greater devolution of power. Centralized government can no longer cope with the multiple, overlapping and multilayered aspects of governance.......Guyana, however, is going in the opposite direction. The more modern the bureaucracy, the more swollen and overstaffed it becomes. The more complex government becomes, the more centralized is decision-making. The greater demands on resources, the bigger the bureaucracy.
The public bureaucracy is now a cancer. It is sucking the life out of public administration. Merely keeping this inefficient and revenue-guzzling monstrosity alive is costing taxpayers in excess of 500 million dollars per day. This is wanton wastage. That money could have been put to help boost private sector development to create jobs for the thousands of young people who are unemployed. The more the government implements technology, the more inefficient it becomes. It is all part of what is known as cake shop management........Guyana is going to continue to be left behind the rest of the world. It has seen Guyana retrogress and we will always be in a fire fighting mode rather than ensuring forward thinking and planning. A country today simply cannot be run like a cake shop. The world is too modern, and too many things are taking place to allow for such a style of governance. Once the policy is made by the government, the mechanics should be left to lower level officials who should be held accountable for ensuring its implementation and who should be held responsible for any failures........What is required is for faster decision-making so as to allow for the multitasking.........Plantain chips and breadfruit chips and other small businesses cannot make the economy grow. It cannot generate the massive jobs needed to impact on unemployment. It will not lift large numbers out of poverty. This is catch-hand approach to helping poor people.
Cake shop management cannot run a modern economy. Never has; never will.
bureaucracies  centralization  complexity  decision_making  devolution  Guyana  inefficiencies  modernization  policymaking  public_sector  public_servants  technology  traffic_congestion  forward-thinking  multitasking  decentralization  digital_economy  governance  knowledge_economy  centralized_control  implementation  unsophisticated 
march 2019 by jerryking
Every Company Is Now a Tech Company
Dec. 4, 2018 | WSJ | By Christopher Mims.

There was a time when the primary role of leaders at most companies was management. The technology required to do the work of a company could be bought or siloed in an “IT department,” treated more as a cost center than a source of competitive advantage.

But now we’ve entered a period of upheaval, driven by connectivity, artificial intelligence and automation. The changes affect the world of business so profoundly that every company is now a tech company. But now companies born before the first internet bubble also must realize they can no longer function as non-tech businesses......The question is, how does a non-tech company become a tech company quickly? Increasingly, the answer is bringing tech talent into the highest executive ranks, adding deeply knowledgeable and indispensable “technical co-founders” long after the company was founded......To put it another way: When faced with a competitor like Amazon, do you do as Walmart did, and invest heavily in tech firms and technical knowledge? Or do you go the way of Sears…into bankruptcy court?

In August 2016, Walmart announced it would acquire e-commerce startup Jet.com for $3.3 billion, the largest ever deal of an old-line bricks-and-mortar company buying an e-commerce company. The acquisition was about a transfusion of new minds as much as Jet’s technology, which was far ahead of Walmart’s online operation at the time....Mr. Lore is now chief of e-commerce at Walmart......Walmart’s e-commerce business revenue grew 43% in the last quarter alone....Wal-Mart is successfully pursuing a “second-mover strategy” against Amazon....Things don’t always go this smoothly. In fact, when well-established companies acquire tech-savvy startups in order to bring aboard engineers and executives--acqui-hires-- it’s usually a disaster.....Within the first three years after an acquisition, 60% of employees at a startup leave......That rate of turnover is twice that of employees hired the old-fashioned way. What’s worse, the employees who leave tend to be the most aggressive and entrepreneurial—and more likely to launch a competing startup.....For large companies stuck between the rock of disruption and the hard place of acquiring startups that can’t hold on to key employees, what’s to be done?[sounds like a cultural clash] John Chambers, who was chief executive at Cisco for more than 20 years, where he oversaw 180 acquisitions, has some answers. In his new book, “Connecting the Dots,” Mr. Chambers outlines some rules. For one, corporate cultures should align. Also, it helps if the company you’re buying already has significant traction in the market..... it’s essential to promote the leaders of acquired companies into your own ranks. Mr. Chamber’s rule at Cisco was that a third of the company’s leaders should be promoted from within, a third should be recruited from outside, and a third should come from acquisitions. .......As the competitive landscape continues to change and technology becomes ever more essential to how business is done, investments that might have seemed too risky a few years ago now may sometimes turn out to be the best path to survival.
acquihires  artificial_intelligence  automation  Amazon  books  Christopher_Mims  connecting_the_dots  CTOs  Cisco  cultural_clash  digital_savvy  e-commerce  Jet  John_Chambers  large_companies  post-deal_integration  reinvention  silo_mentality  technology  Wal-Mart 
december 2018 by jerryking
How to Survive the Next Era of Tech (Slow Down and Be Mindful)
Nov. 28, 2018 | The New York Times | By Farhad Manjoo.
We live in unpredictable times. The unlikely happens. Be careful. Go slow. Three new maxims for surviving the next era of tech. I hope you heed them; the world rides on your choices.

(1) Don’t just look at the product. Look at the business model.
(2) Avoid feeding the giants. Manjoo's point that the lack of competition is curbing innovation.
(3) Adopt late. Slow down. Slow your roll--be a late adopter (slow to adopt shiny, new things).
Farhad_Manjoo  howto  mindfulness  Slow_Movement  technology  turbulence  late_adopters  rules_of_the_game  business_models  corporate_concentration  FAANG  platforms 
november 2018 by jerryking
Canada doomed to be branch plant for global tech giants unless Ottawa updates thinking, Balsillie warns | Financial Post
James McLeod
November 16, 2018
7:27 PM EST

Canadian governments need to radically rethink their approach to the knowledge economy if the country is to be anything more than a branch plant for global technology giants,.......“I think they confuse a cheap jobs strategy … (and) foreign branch plant pennies with innovation billions,” .........Balsillie has argued that the “intangible” economy of data, software and intellectual property is fundamentally different from the classical industrial economy built on the trade of goods and services, and that because Canadian policymakers fail to understand that difference, they keep being taken for rubes.......Balsillie was particularly critical of the federal government’s policy when it comes to “branch plant” investments in Canada in the technology sector.

He said that in the traditional economy of goods and services, foreign direct investment (FDI) is a good thing, because there’s a multiplier effect — $100 million for a new manufacturing plant or an oil upgrader might create $300 million in spinoff economic activity.

But if you’re just hiring programmers to write software, the picture is different, he said. It’s a much smaller number of jobs with fewer economic benefits, and, more importantly, the value created through intellectual property flows out of the country.

“Our FDI approaches have been the same for the intangibles, where, when you bring these companies in, they put a half a dozen people in a lab, they poach the best talent and they poach the IP, and then you lose all the wealth effects,”....“Don’t get me wrong. I believe in open economies. They’re going to come here anyway; I just don’t know why we give them the best talent, give them our IP, give them tax credits for the research, give them the red carpet for government relations, don’t allow them to pay taxes, and then have all the wealth flow out of the country.”...if small countries such as Canada make a point of prioritizing the intangible economy, there are huge opportunities. He pointed to Israel, Finland and Singapore as examples of how smart policies and specialization can reap big rewards.

“I could literally see enormously powerful positions for Canada if we choose the right places. I mean, there are some obvious ones: value added in the food business, and precision data and IP in agriculture; certainly in energy extraction and mining, which are data and technology businesses,” he said.

“We actually have enormous opportunities to build the resilience and opportunity,” he said. ”And how can you threaten a country with a picture of a Chevy and 25 per cent tariffs when you’ve built these kinds of very powerful innovation infrastructures that you can’t stop with a tariff because they move with the click of a mouse?”
agriculture  branch_plants  Canada  data  digital_economy  energy  FDI  Finland  food  GoC  industrial_economy  IP_retention  intangibles  intellectual_property  Israel  Jim_Balsillie  mining  policymakers  property_rights  protocols  Singapore  talent  technology  wealth_effects 
november 2018 by jerryking
Opinion | How Plato Foresaw Facebook’s Folly
Nov. 16, 2018 The New York Times | By Bret Stephens, Opinion Columnist

Technology promises to make easy things that, by their intrinsic nature, have to be hard......The story of the wildly exaggerated promises and damaging unintended consequences of technology isn’t exactly a new one. The real marvel is that it constantly seems to surprise us. Why?......Part of the reason is that we tend to forget that technology is only as good as the people who use it. .....It’s also true that Facebook and other Silicon Valley giants have sold themselves not so much as profit-seeking companies but as ideal-pursuing movements.....But the deeper reason that technology so often disappoints and betrays us is that it promises to make easy things that, by their intrinsic nature, have to be hard......Tweeting and trolling are easy. Mastering the arts of conversation and measured debate is hard. Texting is easy. Writing a proper letter is hard. Looking stuff up on Google is easy. Knowing what to search for in the first place is hard. Having a thousand friends on Facebook is easy. Maintaining six or seven close adult friendships over the space of many years is hard. Swiping right on Tinder is easy. Finding love — and staying in it — is hard.

That’s what Socrates (or Thamus) means when he deprecates the written word: It gives us an out. It creates the illusion that we can remain informed, and connected, even as we are spared the burdens of attentiveness, presence of mind and memory. That may seem quaint today. But how many of our personal, professional or national problems might be solved if we desisted from depending on shortcuts?... struck by how desperately Mark Zuckerberg and Sheryl Sandberg sought to massage and finesse — with consultants, lobbyists and technological patches — what amounted to a daunting if simple crisis of trust. As with love and grammar, acquiring and maintaining trust is hard. There are no workarounds.
arduous  Bret_Stephens  Facebook  Greek  op-ed  pretense_of_knowledge  Socrates  technology  unintended_consequences  shortcuts  fallacies_follies  philosophy 
november 2018 by jerryking
Six Technologies That Could Shake the Food World - WSJ
JOURNAL REPORTS: TECHNOLOGY
Six Technologies That Could Shake the Food World
Printed meals, edible bar codes and facial-recognition technology for cows are among the innovations transforming the food industry

Link copied…
3 COMMENTS
By Annie Gasparro And Jesse Newman
Oct. 2, 2018 10:08 p.m. ET
A machine that prints chicken nuggets. Fake shrimp made out of algae. Edible coverings that keep fruit fresh.

These inventions—and many more—are part of a technological revolution that is poised to shake up the way we eat.

The food industry has been taking heat from consumers and critics who are demanding healthier ingredients, transparency about where their meals come from and better treatment of animals. There is also a growing awareness of the harmful effect that food production can have on the environment.

Now big food companies and entrepreneurs are taking advantage of advances in robotics and data science to meet those challenges—and the trend will likely continue as technology improves, and natural ingre
3-D  technology  food  food_safety  Big_Food  entrepreneur  robotics 
october 2018 by jerryking
Tech companies targeted in mission to develop new spy tools
SEPTEMBER 24, 2018 | Financial Times | David Bond, Security Editor.

an £85m venture capital fund backed by intelligence chiefs. The National Security Strategic Investment Fund (NSSIF) was announced by chancellor Philip Hammond in last year’s budget to boost investment in the UK’s security technology sector.

This week, the government-owned British Business Bank, which is running the fund, will begin to encourage private fund managers to promote the programme with a view to raising additional money from fund managers and private investors.

It is thought to be the first time the UK’s main intelligence and security agencies, led by the foreign intelligence service MI6, have actively looked to invest in the private sector....To guide companies considering applying for funding, the government has set out 11 “technology areas” that are of greatest interest to the UK national security community, which also includes the domestic security service MI5, digital and signals intelligence agency GCHQ and the National Crime Agency.

These include data analytics and artificial intelligence, technologies to track financial information and new computing tools that highlight or obscure identifying information about individuals and groups.....Warner said last week there was nevertheless “an aversion among civil servants to working with start-ups for fear they will fail”.

Writing in the Telegraph, Mr Warner added: “Singapore and Norway have shown it is possible for governments to act more like venture capitalists, using sovereign wealth funds to back innovative new players.”
GCHQ  In-Q-Tel  MI5  MI6  security_&_intelligence  start_ups  technology  tools  United_Kingdom  venture_capital 
september 2018 by jerryking
How Tech is Drawing Shoppers Back to Bricks-and-Mortar Stores - WSJ
By Rebecca Dolan
Sept. 12, 2018

Robin Lewis, "The New Rules of Retail"

E-commerce’s disruption of malls is impossible to deny, but sometimes shopping in stores is the only way to guarantee quality before you buy. The question: Will these technologies help you make the most of the trip?
books  brands  bricks-and-mortar  customer_experience  e-commerce  high-end  innovation  Nike  retailers  technology  mobile_applications  Nordstrom 
september 2018 by jerryking
The Six Laws of Technology Everyone Should Know WSJ
Nov. 26, 2017 | WSJ |By Christopher Mims.

1. ‘Technology is neither good nor bad; nor is it neutral’ Melvin Kranzberg in the 1960s. He became a technology historian. Prof. Kranzberg’s first law is also his most important. He realized that the impact of a technology depends on its geographic and cultural context, which means it is often good and bad—at the same time. (E.g. DDT, a pesticide and probable carcinogen nonetheless saved the lives of hundreds of thousands of people in India as a cheap and effective malaria prevention. Or, Facebook groups, serve as a lifeline for parents of children with rare diseases while also radicalizing political extremists. Tech companies' enormous power means they have an obligation to try to anticipate the potential impact of anything they produce.....however, the dirty little secret of highly accomplished people is what we’ve had to neglect to achieve that,” (JK: tradeoffs) “To become spectacular at any discipline in technology means you’re not well-equipped to address these questions.”

2. ‘Invention is the mother of necessity.’ Yes, that’s backward from the way you remember it. It means “every technical innovation seems to require additional technical advances in order to make it fully effective,” In our modern world, the invention of the smartphone has led to the necessity for countless other technologies, from phone cases to 5G wireless. Apple’s cure for staring at your phone too much? A smartwatch to glance at 100 times a day.

3. ‘Technology comes in packages, big and small. To understand any part of a technological package requires looking at its interaction with and dependency on the rest of it—including the human beings essential to how it functions. While innovation destroys jobs, it also creates countless new ones.

4. ‘Although technology might be a prime element in many public issues, nontechnical factors take precedence in technology-policy decisions.’ “People think technology as an abstraction has some sort of intrinsic power, and it doesn’t,” “It has to be motivated by political power or cultural power or something else.”

Craig Federighi, Apple senior vice president, software engineering, spoke about differential privacy, which Apple says is a way to collect user data while protecting the individual’s anonymity.
More broadly, lawmakers are taking an interest in everything from privacy and data transparency to national security and antitrust issues in tech—more because of a shift in our culture than in the technology itself.

5. ‘All history is relevant, but the history of technology is the most relevant.’ The Cold War led to the buildup of nuclear weapons and the missiles to deliver them anywhere on Earth. That led to the development of a war-proof communication system: the internet..... But does that mean we owe the modern world to the existential contest between the U.S. and the former U.S.S.R.? Or was that conflict itself driven by previous technological developments that allowed Hitler to threaten both nations?

6. ‘Technology is a very human activity.’ “Technology is capable of doing great things,” .....how we use technology is up to us. The trick is, because technology generally reaches mass adoption via corporations, those businesses must think of the consequences of their actions as well as how they profit from them. When corporations don’t, regulators, journalists and the public sometimes do it for them.

As Prof. Kranzberg presciently noted at the dawn of the internet age, “Many of our technology-related problems arise because of the unforeseen consequences when apparently benign technologies are employed on a massive scale.”
anonymity  anticipating  Christopher_Mims  Cold_War  contextual  cultural_power  differential_privacy  high-achieving  necessity  nuclear  overachievers  political_power  privacy  problems  scaling  technology  tradeoffs  unforeseen  unintended_consequences 
november 2017 by jerryking
China Could Sell Trump the Brooklyn Bridge - The New York Times
Thomas L. Friedman NOV. 14, 2017

The saying — “When you don’t know where you’re going, any road will get you there” — and it perfectly sums up the contrast between China’s President Xi Jinping and President Trump.....All along, Xi keeps his eye on the long-term prize of making China great again. Trump, meanwhile, touts every minor victory as historic and proceeds down any road that will give him a quick sugar high.

Trump literally has no idea what he’s doing and has no integrated strategy — because, unlike Xi, Trump’s given no thought to the big questions every effective leader starts his day with: “What world am I living in? What are the biggest trends in this world? And how do I align my country so more of my citizens get the most out of these trends and cushion the worst?”

What world are we in? One in which we’re going through three “climate changes” at once.
(1) Destructive weather events and the degradation of ecosystems are steadily accelerating.
(2) globalization: from an interconnected world to an interdependent one; from a world of walls, where you build your wealth by hoarding resources, to a world of webs, where you thrive by connecting your citizens to the most flows of ideas, trade, innovation and education.
(3) technology and work: Machines are acquiring all five senses, and with big data and artificial intelligence, every company can now analyze, optimize, prophesize, customize, digitize and automatize more and more jobs, products and services. And those companies that don’t will wither.
artificial_intelligence  Tom_Friedman  China  U.S.  Donald_Trump  globalization  technology  climate_change  TPP  international_trade  questions  think_threes  wealth_creation  grand_strategy  foundational  existential  extreme_weather_events  Xi_Jinping 
november 2017 by jerryking
Five Technologies That Will Rock Your World - The New York Times
By CADE METZNOV. 13, 2017
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technology 
november 2017 by jerryking
Understanding Indoor Location Technology, the Market and Value Drivers
How does indoor location help when retailers are increasingly embracing inventory-free stores?
IBM  indoors  location_based_services  technology 
october 2017 by jerryking
The Design Revolution in Consumer Tech - WSJ
By Steve Vassallo
Aug. 6, 2017

Walt Mossberg...began his first column for the Journal, in 1991, with the now-famous line, “Personal computers are just too hard to use, and it isn’t your fault.” In his final column, Mr. Mossberg bookends the quarter-century of products, personalities and progress he’s chronicled with this assessment of where we are now: “Personal technology is usually pretty easy to use, and, if it’s not, it’s not your fault.” In a generation, consumer tech went from unreliable and confusing to so intuitive that children are creating immersive three-dimensional worlds on devices with barely any instruction. Mr. Mossberg doesn’t put a name to this remarkable shift, but as someone who witnessed it firsthand, I will: design. By design, I don’t mean a spiffy logo or a pretty website. Design now also refers to a methodology and a mind-set that place the experience of the end user above all. This form of design isn’t concerned chiefly with how good something looks, but, rather, how well it works for ordinary consumers. In the [early] ’90s....“engineers weren’t designing products for normal people.” ......Engineers tend to focus on sheer technical limits: what can be done. But designers are preoccupied with what should be done. In other words, whether they’re building things that solve actual problems or fulfill real wants....Over the past two decades, advances in computing power have met typical users’ speed and reliability needs, and the means to launch products have grown better and more affordable. As a result, design is now the differentiator—and the driving force behind billion-dollar companies....Apple's products (e.g. iPod, iPhone), weren’t technical breakthroughs.....They were design breakthroughs—instances of creative need-finding and human-attuned problem solving. And they raised consumer expectations for technology, ushering in a new era of innovation....Google has invested heavily to reinvent itself as a design-centric business. Incumbents like Samsung , General Electric and IBM have spent hundreds of millions to build in-house design studios with thousands of designers. ...Slack and Airbnb—like Pinterest, Instagram and Kickstarter—are recent successes founded by designers, people who are devoted to the practice of building impeccably considerate technology. Design is the key to building the next great wave of companies. To compete seriously on design, startups must make it central to their strategy from the beginning......we’re entering the age of “ambient computing,” when personal technology will become invisible and omnipresent. Augmented reality, artificial intelligence, robotics, drones, the Internet of Things, and other nascent tech will fade into the background of our lives. Technology will no longer come in the form of gadgets. Instead, as Mr. Mossberg predicts, “it’ll be about actual experiences, with much less emphasis on the way those experiences get made.”....The 21st century will be the century of the designer founder, when core value for businesses is created by entrepreneurs who have a deeper, more intuitive sense for the human condition.
Walter_Mossberg  retirement  design  design_thinking  technology  IDEO  '90s  UX  Apple  ambient_computing  customer_expectations  uncharted_problems  pervasive_computing  the_human_condition  augmented_reality  core_values  unarticulated_desires  farewells 
august 2017 by jerryking
Mall Landlords Roll the Dice With Tech Investments - WSJ
By Esther Fung
Updated June 20, 2017

Mall landlords are investing millions of dollars in technology to help protect them from the changes buffeting the retail sector as internet shopping gains a stronger foothold.

Some of the investments aren’t faring so well.

Macerich Co., one of the biggest U.S. mall owners, last quarter wrote off $10 million invested in a startup that purported to help online and European retailers expand their physical store presence in the U.S......landlords face growing pressure to remain relevant, and are investing more resources to understand the industry’s disrupters. Larger landlords with stronger balance sheets, such as Simon Property Group and Westfield Corp. , have been setting aside millions of dollars for incubators to take on risks similar to venture capitalists......“The real-estate technology industry is heating up, bringing along with it quite a bit of noise,” said Hongwei Liu, CEO of MappedIn, a six-year-old Canada-based firm that provides indoor mapping and search software for property owners.

The firm has developed digital maps for more than 300 U.S. malls, including for the top mall REITs.
shopping_malls  landlords  technology  MappedIn  mapping  risk-taking  retailers  indoors 
june 2017 by jerryking
What the history of the electric dynamo teaches about the future of the computer.
JUNE 9 2007 6:18 AM
By Tim Harford

David's research also suggests patience. New technology takes time to have a big economic impact. More importantly, businesses and society itself have to adapt before that will happen. Such change is always difficult and, perhaps mercifully, slower than the march of technology.

More recent research from MIT's Erik Brynjolfsson has shown that the history of the dynamo is repeating itself: Companies do not do well if they spend a lot of money on IT projects unless they also radically reorganize to take advantage of the technology. The rewards of success are huge, but the chance of failure is high. That may explain why big IT projects so often fail, and why companies nevertheless keep trying to introduce them.

Brynjolfsson recently commented that the technology currently available is enough to fuel a couple of decades of organizational improvements.
technology  Alfred_Chandler  historians  IT  productivity  productivity_payoffs  Erik_Brynjolfsson  organizational_improvements  organizational_change  organizational_structure  Tim_Harford  business_history 
may 2017 by jerryking
A.I. Is Doing Legal Work. But It Won’t Replace Lawyers, Yet. - The New York Times
By STEVE LOHR MARCH 19, 2017

An artificial intelligence technique called natural language processing has proved useful in scanning and predicting what documents will be relevant to a case, for example. Yet other lawyers’ tasks, like advising clients, writing legal briefs, negotiating and appearing in court, seem beyond the reach of computerization, for a while......Highly paid lawyers will spend their time on work on the upper rungs of the legal task ladder. Other legal services will be performed by nonlawyers — the legal equivalent of nurse practitioners — or by technology.

Corporate clients often are no longer willing to pay high hourly rates to law firms for junior lawyers to do routine work. Those tasks are already being automated and outsourced, both by the firms themselves and by outside suppliers like Axiom, Thomson Reuters, Elevate and the Big Four accounting firms.....So major law firms, sensing the long-term risk, are undertaking initiatives to understand the emerging technology and adapt and exploit it.

Dentons, a global law firm with more than 7,000 lawyers, established an innovation and venture arm, Nextlaw Labs, in 2015. Besides monitoring the latest technology, the unit has invested in seven legal technology start-ups.

“Our industry is being disrupted, and we should do some of that ourselves, not just be a victim of it,” John Fernandez, chief innovation officer of Dentons, said.....Artificial intelligence has stirred great interest, but law firms today are using it mainly in “search-and-find type tasks” in electronic discovery, due diligence and contract review,
artificial_intelligence  automation  contracts  corporate_investors  Dentons  e-discovery  IBM_Watson  law  lawtech  lawyers  legal  NLP  start_ups  Steve_Lohr  technology 
march 2017 by jerryking
Good Schools Aren’t the Secret to Israel’s High-Tech Boom - WSJ
March 20, 2017

Israel’s shadow education system has three components. The first is our heritage of debate—it’s in the Jewish DNA. For generations Jews have studied the Talmud, our legal codex, in a way vastly different from what goes on in a standard classroom. Instead of listening to a lecture, the meaning of complex texts is debated by students in hevruta—pairs—with a teacher offering occasional guidance.

Unlike quiet Western libraries, the Jewish beit midrash—house of study—is a buzzing beehive of learning. Since the Talmud is one of the most complex legal codes ever gathered, the idea of a verdict is almost irrelevant to those studying. Students engage in debate for the sake of debate. They analyze issues from all directions, finding different solutions. Multiple answers to a single question are common. Like the Talmud itself—which isn’t the written law but a gathering of protocols—the learning process, not the result, is valued.

The second component of our shadow education system is the peer-teaches-peer model of Jewish youth organizations, membership-based groups that we call “movements.” Teenagers work closely with younger children; they lead groups on excursions and hikes, develop informal curricula, and are responsible for those in their care. As an 11th-grade student, I took fifth-graders on an overnight hike in the mountains. Being given responsibilities at a young age helped shape me into who I am today.

The third component is the army.
Israel  ksfs  education  high_schools  schools  Jewish  Talmud  protocols  Judaism  books  religion  coming-of-age  technology  science_&_technology  venture_capital  innovation  human_capital  capitalization  struggles  convictions  tough-mindedness  rigour  discomforts  cultural_values  arduous 
march 2017 by jerryking
Silicon Valley Has an Empathy Vacuum - The New Yorker
By Om Malik , NOVEMBER 28, 2016

Whether self-driving cars and trucks, drones, privatization of civic services like transportation, or dynamic pricing, all these developments embrace automation and efficiency, and abhor friction and waste. As Erik Brynjolfsson, a professor at the M.I.T. Sloan School of Management, told MIT Technology Review, “Productivity is at record levels, innovation has never been faster, and yet at the same time, we have a falling median income and we have fewer jobs. People are falling behind because technology is advancing so fast and our skills and organizations aren’t keeping up.” It is, he said, “the great paradox of our era.”
empathy  technology  Silicon_Valley  Donald_Trump  Campaign_2016  efficiencies  empathy_vacuum  automation  Om_Malik  Erik_Brynjolfsson  productivity  paradoxes 
december 2016 by jerryking
Many casualties in aftermath of bursting bubbles - FT.com
November 12, 2009 | FT | from Mr Edward Chancellor.

Prof Mishkin classifies the technology bubble as a mere case of irrational exuberance. He claims that its collapse posed no systemic risk. If that were the case, then why did the failure of WorldCom and Enron in 2002 drive his former colleague at the Federal Reserve, Ben Bernanke, to worry publicly about a “deflation” threat? And if the US economy was in such a robust state, why did the Fed keep interest rates so low for so long, thereby creating a real estate bubble?
A legacy of excessive debt is only one of the problems posed by bubbles. They contribute to the misallocation of resources – too much fibre optic cable or too many McMansions – which acts as a drag on economic growth. Asset price inflation also redistributes wealth in an arbitrary way between winners and losers. Bursting bubbles damage both corporate and household balance sheets, creating many innocent victims as people lose their jobs or suffer depleted savings.
bubbles  U.S._Federal_Reserve  debt  casualties  letters_to_the_editor  technology  asset_values  Benjamin_Bernanke  arbitrariness 
october 2016 by jerryking
Technology and markets are driving employment in the right direction - The Globe and Mail
RICK LASH
Special to The Globe and Mail
Published Monday, Oct. 17, 2016

The best way to achieve higher profits is ensuring maximum flexibility in the workforce so the organization can adapt to rapidly changing market needs. Having a more flexible employee pool that you can hire and furlough depending on business demands is one way to manage risk.

If technology and new finance-driven business models are fundamentally altering the future of jobs and work, what’s a new graduate (or an older worker) to do? All is not hopeless, and in fact there is indeed a silver lining, if one knows where to look.

Companies like Uber are figuring it out, at least for now. The same technology that is replacing workers with intelligent robots (on the shop floor or as an app on your smartphone) is also being used to create new models of generating wealth. Whether you are a bank driving growth through new on-line channels, a streaming music company designing creative new ways for consumers to subscribe, or an entrepreneur raising capital online for a new invention, key skills stand out as differentiators for success.
automation  technology  artificial_Intelligence  risk-management  data_driven  silver_linings  skills  new_graduates  job_search  business_models  rapid_change  workforce  flexibility  Uber  on-demand  streaming 
october 2016 by jerryking
New Back-Office Tech Can Be a Merger’s Best Friend - WSJ
By VIPAL MONGA
Sept. 5, 2016

As companies become more dependent on complex software systems to manage their businesses, smoothly combining different platforms is becoming a bigger factor in a merger’s success.

New software systems for accounting, inventory tracking and supply-chain management are helping companies combine operations faster by automating some of the grunt work that previously was done manually.

“If you can integrate faster, it becomes an advantage,” said John Hoffecker, a global vice chairman at consulting firm AlixPartners LLP.

Companies that integrate acquisitions more efficiently will be able to reap better returns from takeovers, which can in turn leave them more leeway to do future deals, Mr. Hoffecker said. “You can pay a higher price,” he said.
speed  systems_integration  back-office  mergers_&_acquisitions  M&A  technology 
september 2016 by jerryking
This Tech Bubble Is Bursting - WSJ
May 2, 2016 | WSJ | By CHRISTOPHER MIMS

ALEJANDRO AGHAYAN May 3, 2016
It's essentially impossible to compute the intrinsic value of a company in a zero percent interest environment.
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start_ups  valuations  bubbles  Silicon_Valley  technology  software  intrinsic_value  Christopher_Mims 
july 2016 by jerryking
50 Smartest Companies 2016
Our editors pick the 50 companies that best combine innovative technology with an effective business model.

June 21, 2016

Each year we identify 50 companies that are “smart” in the way they create new opportunities. Some of this year’s stars are large companies, like Amazon and Alphabet, that are using digital technologies to redefine industries. Others are wrestling with technological changes: companies like Microsoft, Bosch, Toyota, and Intel. Also on the list are ambitious startups like 23andMe, a pioneer in consumer-accessible DNA testing; 24M, a reinventor of battery technology; and Didi Chuxing, a four-year-old ride-hailing app that’s beating Uber in the Chinese market.
MIT  lists  start_ups  large_companies  innovation  technology  business_models  job_search  23andMe 
june 2016 by jerryking
Your Lawyer May Soon Ask This AI-Powered App for Legal Help | WIRED
DAVEY ALBA BUSINESS DATE OF PUBLICATION: 08.07.15.
08.07.15

ROSS Intelligence is a voice recognition app powered by IBM Watson, the machine learning service based on the company’s Jeopardy-playing cognitive system, that doles out legal assistance.

The app is yet another example of the ways machine learning is infiltrating our everyday lives. These days, it’s not just AI algorithms themselves that have improved, but the ability to deliver them across the Internet that has made so many new applications possible.....Asking Natural Questions
Ross works much like Siri. Users can ask it any question the same way a client might—for instance, “If an employee has not been meeting sales targets and has not been able to complete the essentials of their employment, can they be terminated without notice?” The system sifts through its database of legal documents and spits out an answer paired with a confidence rating. Below the answer, a user can see the source documents from which Ross has pulled the information; if the response is accurate, you can hit a “thumbs up” button to save the source. Select “thumbs down” and Ross come up with another response.
technology  law  lawtech  lawyers  law_firms  machine_learning  voice_recognition  voice_interfaces  virtual_assistants  artificial_intelligence  Siri  IBM_Watson 
june 2016 by jerryking
Stadiums race to digitize: How sports teams are scrambling to keep Millennials coming to games - TechRepublic
There are three reasons that stadiums are pushing to improve connectivity:

1. Changing demographics
2. Luring fans away from their big-screen TV at home
3. Boosting revenues

Whether by building from scratch or retrofitting existing facilities, stadiums are in a fierce competition with each other to add the latest technologies.
millennials  sports  LBMA  technology  stadiums  arenas 
may 2016 by jerryking
U.S. Textile Industry Turns to Tech as Gateway to Revival - The New York Times
By STEVE LOHR APRIL 1, 2016
...a functional fabrics project represents “the future of apparel.”..The broad linking of government, universities and corporations to both advance research and develop new markets is a model advocated in a new book, “The New ABCs of Research: Achieving Breakthrough Collaborations” (Oxford University Press), by Ben Shneiderman, a professor of computer science at the University of Maryland. In an interview, Mr. Shneiderman called the advanced fabrics project “a well-crafted plan.”
textiles  fabrics  sensors  technology  Steve_Lohr  books  innovation  apparel  renewal  revitalization 
april 2016 by jerryking
Too much stuff, with no one to buy it: Is this the future economy? - The Globe and Mail
Scott Barlow
Too much stuff, with no one to buy it: Is this the future economy?
SUBSCRIBERS ONLY
The Globe and Mail
Published Tuesday, Feb. 02, 2016

University of California professor Brad DeLong’s “Economics and the Age of Abundance” highlighted the new economic study of global production growth – a new-ish school of thought that attributes much of the economic malaise in the developed world to a technology-driven “too much of everything.....The economic challenges of abundance, however, go far beyond commodities. There’s too many mutual funds, television channels, cereal brands, auto companies (China hasn’t even started exporting cars and trucks yet), land-line telephones, clothing brands, taxis, department stores and, if we’re being honest, journalism. Technology and its ability to increase productivity are to blame for virtually any major market sector beset with poor profit margins and layoffs. ....... The larger problem, and I suspect Mr. DeLong would agree, is that technology increases efficiencies and reduces the need for labour. A dystopian future in which anything can be produced quickly and cheaply, except everyone’s unemployed with no money to spend, is easy to envisage without considerable structural change in the economy.

Unemployment is the most severe outgrowth of abundance and low profitability ....... ......
abundance  economics  economists  Colleges_&_Universities  oversupply  technology  commodities  over_investment  scarcity  innovation  China  productivity  deflation  manufacturers  outsourcing  unemployment  job_destruction  job_displacement  downward_mobility  hollowing_out  books  developed_countries  dystopian_futures  structural_change  developing_countries 
february 2016 by jerryking
Tech City News: London to host first Food Tech Week
Weblog post. Newstex Trade & Industry Blogs, Newstex. Oct 1, 2015.

ProQuest Central: hackathon and food and distribut*

October will see the launch of London's first ever 'Food Tech Week' which will be celebrating all things food and facilitating tec...
London  United_Kingdom  product_launches  food  technology  hackathons  disruption  ecosystems  brands  fresh_produce  innovation  food_tech  from notes
october 2015 by jerryking
Technology Questions Every CMO Must Ask
Will the technology advance a critical marketing priority?
questions  CMOs  technology  marketing  HBR  LBMA 
september 2015 by jerryking
Smartphones on wheels | The Economist
Sep 6th 2014 |

the rise of the “connected” car. This is the coming together of communications technologies, information systems and safety devices to provide vehicles with an increasing level of sophistication and automation. It is a process that will change not just how cars are used but also the relationship between a car and its driver. This, in turn, will affect the way vehicles are made and sold. Eventually, it is the connected car that may deliver a driverless future....Connected cars are a marriage of two types of mobile technology: the mechanical sort, which revolutionised transport in the 20th century, and the electronic variety, which has transformed telecoms in the 21st. A recent report by analysts at Citigroup, a bank, used data from IHS, a research firm, to divide the ways that mobile telecoms are influencing motoring into three useful groups.
technology  connected_devices  automotive_industry  connected_cars  smartphones  mobile_applications  location_based_services  LBMA  automobile  automotive  autonomous_vehicles 
september 2015 by jerryking
The Successful Indian Tech Companies You’ve Probably Never Heard Of - Digits - WSJ
Sep 4, 2015 | WSJ |By ADAM NAJBERG.

An index capturing the 30 most-valuable Indian software product-makers has risen by 28% in eight months since Oct. 30, a report released by iSpirt, which puts together the index, said Thursday.

These companies, as estimated by iSpirt, were worth a total of $10 billion at the end of June.

“There has been an acceleration since 2010 in the pace of creation of B2B (business-to-business) companies,” the report said.
India  start_ups  technology  associations  LBMA  Indians 
september 2015 by jerryking
Eleven things ultra-productive people do differently - The Globe and Mail
Jul. 31, 2015 | Entrepreneur.com | TRAVIS BRADBERRY.

1. They Never Touch Things Twice
2. They Get Ready for Tomorrow. Before they leave the office, productive people end each day by preparing for the next. It only takes a few minutes and it’s a great way to end your workday.
3. They Eat Frogs “Eating a frog” is the best antidote for procrastination, and ultra-productive people start each morning with this tasty treat. In other words, they do the least appetizing, most dreaded item on their to-do list before they do anything else. After that, they’re freed up to tackle the stuff that excites and inspires them.
4. They Fight The Tyranny Of The Urgent
5. They Stick to the Schedule During Meetings
6. They Say No. [jk...be conservative, be discerning, be picky, be selective, say "no"]
7. They Only Check E-mail At Designated Times.
8. They Don’t Multitask!
9. They Go off The Grid. This strategy is a bulletproof way to complete high-priority projects.
10. They Delegate
11. They Put Technology to Work for Them Investigate apps like IFTTT, which sets up contingencies on your smart phone and alerts you when something important happens.
productivity  GTD  habits  mobile_applications  delegation  discipline  preparation  multitasking  technology  off-grid  focus  say_"no"  monotasking  lists  affirmations 
august 2015 by jerryking
Lawrence H. Summers: ‘There are many ways of burdening our future’ - The Globe and Mail
RUDYARD GRIFFITHS
Special to The Globe and Mail
Published Friday, Mar. 20 2015

Lawrence Summers: confidence is the cheapest form of stimulus.

If a young person asked you, ‘How do I thrive in a low-growth economy?’ what would your advice be?

It’s never been more important to be comfortable with technology, to be well-educated, to not just know things, but know how to learn, and develop a set of distinctive skills that employers can value. For people who are able to do those things, the combination of technology and global markets will make this a moment of immense opportunity........There are many ways of burdening the future. One is to borrow money – though, given how low interest rates are, those burdens aren't that great. Another is to defer maintenance. Those costs accumulate at a much greater rate, and that's why I think infrastructure investment is so very important. Another way to burden future generations is to scrimp on education. Another way is to fail to invest in basic scientific research. Another way is to saddle them with huge pension liabilities for those who are working, serving the public today. We are doing all those things.
advice  America_in_Decline?   automation  confidence   deferred_maintenance  downward_mobility   economic_stagnation   economic_stimulus   economy  growth  infrastructure  Larry_Summers   leaps_of_faith    low_growth  new_graduates  Rudyard_Griffiths   skills  slow_growth  technology  the_Great_Decoupling  
march 2015 by jerryking
The Tech That Will Change Your Life in 2015 - WSJ
By GEOFFREY A. FOWLER and JOANNA STERN
Updated Dec. 30, 2014
life-changing  technology  trends  tools 
january 2015 by jerryking
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