One Obstacle to Curing Cancer: Patient Data Isn’t Shared

Harvard Business

The development of targeted therapies and immunotherapies — the two biggest hopes for cancer cures — depend on the existence of large data sets comprising patients’ genetic and clinical information. Only after this can the scientists begin their work of developing targeted therapies to overcome the effects of the mutated genes. Let’s begin with the academic medical centers, which are the most likely to collect genetic information on their patients.

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How One Clothing Company Blends AI and Human Expertise

Harvard Business

Machine learning algorithms digest all of this eclectic and unstructured information. The company collects as much information about a client as it can, in both structured and unstructured form. Structured data includes surveys with personal information such as body measurements and brand preferences. Harnessing the power of machine learning and other technologies. This human-in-the-loop recommendation system uses multiple information streams to help it improve.

Why Are We Still Classifying Companies by Industry?

Harvard Business

Even though these systems are updated regularly, we can no longer rely on standards and measures that were developed in a different age to reflect today’s realities — especially when we’re evaluating tech firms. Information & technology Business models Digital Article

Companies Are Turning Drones into a Competitive Advantage

Harvard Business

Armed with an array of sensors, commercial drones are about to become a new source for digital information. While some drone-based data may complement existing information, some will make other information-gathering methods obsolete. Information & technology Digital Article

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Personalized Recommendation Engines Are Coming to Health Care

Harvard Business

In the past decade, consumers have shifted from worrying about sharing personal financial information when shopping on the internet to embracing online retailers’ recommendations for them. Policy Information & technology Analytics Healthcare Digital Article

We Interviewed Health Care Leaders About Their Industry, and They’re Worried

Harvard Business

The transformation will necessitate substantial investments in finance, technology, human capital, operations, and infrastructure, and a substantial disinvestment of legacy resources in these areas. This pivot will entail a transformation of the workforce, physical infrastructure, and technologies that support and drive the care of patients. One noteworthy finding was the need for additional investment in information technology to support the new business model.

How Companies Are Benefiting from “Lite” Artificial Intelligence

Harvard Business

At the high end of artificial intelligence are systems like cognitive computing that are allowing driverless cars and other machines to develop the capacity to learn from their experiences in the world — by incorporating nuances, remembering outcomes, and adapting to mistakes. (A

How Machine Learning Is Helping Us Predict Heart Disease and Diabetes

Harvard Business

health care system, a new wave of analytics and technology could help dramatically cut costly and unnecessary hospitalizations while improving outcomes for patients. Toward this end, my colleagues and I at Boston University’s Center for Information and Systems Engineering have been striving to bring the power of machine-learning algorithms to this critical problem. Other algorithms are being developed to assist physicians in making diagnoses. Photo by Matthew Payne.

How Physicians Can Keep Up with the Knowledge Explosion in Medicine

Harvard Business

But it is simply unrealistic for a doctor — or any human being — to stay abreast of that much information, much less be able to recall accurately the relevant information on demand. While basic technologies such as Google and Pubmed exist that can help automate the search for specific information, they are not sufficient and will prove even less tenable in the future as the advancement in medical science continues to accelerate.

3 Health Care Trends That Don’t Hinge on the ACA

Harvard Business

Second, technology has become a pervasive element across the health care system, with a major impact on diagnosis, treatment, and communications. There’s a tremendous amount of information and structured data now available to guide treatment, assess outcomes, and measure quality of care. But technology has become rooted firmly in U.S. Information & technology Innovation Technology Government Healthcare Digital ArticleLaura Schneider for HBR.

What the Companies on the Right Side of the Digital Business Divide Have in Common

Harvard Business

In just a few years digital technology has connected an ever-growing number of people, sensors, and devices. While some have invested significantly in technology, operational, and cultural changes, others are lagging behind. The best-performing companies stated they have technology budgets on par with digital laggards; the average IT spend as a percentage of revenue was 3.5% The broad deployment of digital technology requires rethinking both business and operating models.

Zurich Insurance Group Takes Its IT Infrastructure to the Agile Cloud - SPONSOR CONTENT FROM DXC TECHNOLOGY

Harvard Business

Building on a relationship that dates back to 2004, Zurich Insurance Group is working with DXC to move from traditional data center outsourcing to a Platform as a Service model, taking advantage of next-generation cloud management technologies to lower operating costs and accelerate development. Read more from DXC Technology: Digital Transformation Is Racing Ahead and No Industry Is Immune. Information & technology Sponsor Content

The Promise of Blockchain Is a World Without Middlemen

Harvard Business

How Blockchain Works Here are five basic principles underlying the technology. No single party controls the data or the information. Each node stores and forwards information to all other nodes. If the process of using an ATM had been invented today, with the blockchain as a state-of-the-art database technology as an option, we would most likely not need an administrative entity like VISA to manage the process. How technology is transforming transactions.

How the U.S. Army Personalized Its Mental Health Care

Harvard Business

Today when soldiers check in for appointments, they are provided with a laptop or tablet with individualized log-in information. BHDP requires the use of an additional information system because the electronic health record (EHR) system used by the U.S. The provider cannot change the patient-reported data but can now incorporate that self-reported information when meeting face to face with the patient, to improve treatment planning and progress tracking. The U.S.

The Best Data Scientists Get Out and Talk to People

Harvard Business

Great data scientists know the only way to acquire this smorgasbord of information is to go get it. Great data scientists conduct such analyses to develop a wider perspective. Measurement instruments get clogged with sand, pollsters don’t follow their scripts, and survey developers inadvertently design their instruments in ways that bias results. Get them to introduce you to others, and ask a couple of them to serve as informal mentors.

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Why CIOs Make Great Board Directors

Harvard Business

It’s no wonder CIOs are the fastest-growing addition to the boardroom: They can help address a host of issues of crucial importance to boards, including using technologies to create operational efficiencies and competitive advantage; identifying opportunities related to cloud computing, digitization, and data; addressing threats and risks associated with information security; and using their experience and judgment to oversee, question, and provide input on technology budgets.

Why Leaders Are Still So Hesitant to Invest in New Business Models

Harvard Business

As technology continues to change and challenge even the most successful incumbent organizations in every industry, the cost of inertia is growing. According to our research at the SEI Center for Advanced Studies in Management , it’s the beliefs of leaders that drive organizational investments, board selection, and management team development and selection, and these beliefs do not change quickly. Growth strategy Budgeting Information & technology Digital Article

Companies Should Understand Where Cybercrime Thrives

Harvard Business

Both Brazil and Russia lose billions of dollars to cybercrime each year, and their home-grown criminals supply Trojans and other types of malware (malicious computer programs), stolen e-mail accounts and passwords, and other private information to criminal clients around the world. Both of these Trojans target system information, online credentials, and banking details. These are also customizable tools that can gather any sort of information the thief wishes.

Breaking Down Data Silos

Harvard Business

The biggest obstacle to using advanced data analysis isn’t skill base or technology; it’s plain old access to the data. Harnessing the power of machine learning and other technologies. This is a strategic goal for the entire company and, when addressed properly, will lead you to develop experience and a data infrastructure that unlocks every next step. Data Information & technology Analytics Digital Article

Data 47

A Tool for Balancing Your Company’s Digital Investments

Harvard Business

Note that whether the technology used is “leading edge” is secondary. They are essentially R&D investments in unproven ways to use digital technologies. They are driven by novel ideas or perhaps a new technology. Today, for example, many banks, insurance companies and law firms are exploring how they might exploit blockchain technologies. Development approaches. Information & technology Financial analysis Financial management Digital Article

Tools 47

Bad Data Costs the U.S. $3 Trillion Per Year

Harvard Business

Leaders are well-advised to develop a deeper appreciation for the opportunities improving data quality present and take fuller advantage than they do today. No reasonably well-informed external customer would pay more for these steps. Data Information & technology Operations Digital ArticleConsider this figure: $136 billion per year. That’s the research firm IDC’s estimate of the size of the big data market, worldwide, in 2016.

Data 47

7 Ways to Introduce AI into Your Organization

Harvard Business

I’m teaching a new course this semester on cognitive technologies (AKA artificial intelligence) to Babson MBAs. Many of them are new to this set of technologies, and seeing the topic through my students’ eyes has made me realize how overwhelming it can be. More complex types of cognitive technology — neural or deep learning networks, natural language processing, and algorithms — can seem like black boxes even to the data scientists who create them.

Prepare Your Workforce for the Automation Age

Harvard Business

Harnessing the power of machine learning and other technologies. As workforces hollow out, the remaining employees will be highly specialized and experienced business/technology hybrids—a new breed of professional who can work in highly distributed environments and shift from managing people to managing experiences and technology. Freeways full of driverless cars and beer trucks are still far off, because of technological and regulatory limitations.

We Need to Approach AI Risks Like We Do Natural Disasters

Harvard Business

Addressing those vulnerabilities will require coordination across a large number of technology service providers and other companies that could catch or spread an AI infection to others, regardless of who is at fault. Today, some leading insurers are suggesting security procedures that companies could follow to attend to information breaches and interruptions in the event of a global failure of interconnected systems. Jose A. Bernat Bacete/Getty Images.

Are You Accurately Measuring Your Company’s Digital Strength?

Harvard Business

Whether improving omni-channel commerce or developing digital extensions to product lines, businesses are working out how to drive profitability through digital. They should also rethink how they develop business cases for possible digital investments. Performance measurement Information & technology Strategy Digital ArticleThere are few business leaders around the world not thinking about digital transformation in some shape or form.

Only 3% of Companies’ Data Meets Basic Quality Standards

Harvard Business

To address this issue, in our teaching in executive programs in Ireland, we ask participants — executives that come from a wide range of companies and government agencies, and departments such as customer service, product development, and human resources — to develop such evidence using the Friday Afternoon Measurement (FAM) method. Data Information & technology Digital ArticleMost managers know, anecdotally at least, that poor quality data is troublesome.

Data 32

How the EMR Is Increasing Innovation and Creativity in Health Care

Harvard Business

This same mistake-proofing process and technology embedded in the electronic medical record (EMR) can move us a great distance toward safer, higher quality, and more affordable health care. Information technology has come late to health care delivery. Intermountain Healthcare, a system that serves patients in Utah and Idaho, has developed many such guides and is working to embed them into EMR workflows. These applications of the EMR are in early development.

The Business Benefits of a Hybrid Cloud Platform - SPONSOR CONTENT FROM DXC TECHNOLOGY

Harvard Business

Advances in platform technology are helping organizations make strides toward long-standing goals of agility, simplicity, and cost savings. Read More from DXC Technology: Is Your Company Adapting Fast Enough to Thrive in an Increasingly Digital World? It’s enabling developers to embrace agile delivery. For more on enabling the enterprise through a hybrid cloud, download the full position paper from DXC Technology.

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How to Design Your IT Organization for Constant Evolution - SPONSOR CONTENT FROM DXC TECHNOLOGY

Harvard Business

By Glen Robinson, Emerging Technology Advisor, Leading Edge Forum, DXC Technology. We have moved from the Internet era in the early 2000s to the cloud era today; however, we will soon transition into the Matrix era – the Matrix being the term the Leading Edge Forum (LEF) uses to describe the intersection of multiple game-changing technologies that will drive significant change in the world in which we live and do business.

What Digital Change Demands of IT Organizations - SPONSOR CONTENT FROM DXC TECHNOLOGY

Harvard Business

And that means buying more new technology: IT organizations must adopt new platforms and processes and integrate services in new ways. Read More from DXC Technology: Is Your Company Adapting Fast Enough to Thrive in an Increasingly Digital World? In the past, IT just provided direct services to the operating groups, according to Chief Information Officer Hector Calva. Ross, principal research scientist at the MIT Center for Information Systems Research (CISR).

Is Your Company Adapting Fast Enough to Thrive in an Increasingly Digital World? - SPONSOR CONTENT FROM DXC TECHNOLOGY

Harvard Business

As digital technologies permeate all aspects of their operations, companies around the world anticipate the need for massive change over the next five years, according to a new global survey by Harvard Business Review Analytic Services. Read More from DXC Technology: The Questions IT Should Be Asking to Empower Employees. But along with using new technology, organizations are rethinking the role of IT. DXC Technology helps companies bridge the gap in digital transformation.

Only 3% of Companies Have Data That Meet Basic Quality Standards

Harvard Business

To address this issue, in our teaching in executive programs in Ireland, we ask participants — executives that come from a wide range of companies and government agencies, and departments such as customer service, product development, and human resources — to develop such evidence using the Friday Afternoon Measurement (FAM) method. Data Information & technology Digital ArticleMost managers know, anecdotally at least, that poor quality data is troublesome.

Getting Buy-In for Predictive Analytics in Health Care

Harvard Business

New predictive analytics tools promise to reduce waste and improve care by forecasting the likelihood of an event — for example, a patient being readmitted to a hospital or developing a life-threatening infection — and allowing providers to tailor treatments and services accordingly. Homegrown tools require special development expertise, and both these and commercial tools require validation, implementation, evaluation, and ongoing improvement.

Tools 30

Could Open-Source Code Make Our Y2K Fears Finally Come True?

Harvard Business

Over the previous decades, software developers had used the date 01-01-00 (January 1, 2000) as a convenient hack to make it easier to debug software. It has arguably saved billions in development expenses by reducing duplicative effort and allowing complementary innovation without requirement permission or payment. If you’ve hired a software developer, their work mostly likely contained code from the open-source community.

How Hospitals Are Using Patient-Reported Outcomes to Improve Care

Harvard Business

Following three years of program development, Dr. Willig and colleagues are using electronic PRO surveys to raise topics often missed or avoided in clinical consultation, flag signs of suicidal ideation, and trigger psychiatric or case-management interventions to improve safety and effective care delivery for patients. Performance measurement Information & technology Data Technology Healthcare Digital ArticlePhil Ashley/Getty Images.

How Mayo Clinic Is Simplifying Prenatal Care for Low-Risk Patients

Harvard Business

The approach that we developed, called OB Nest, allows women experiencing low-risk pregnancies to reduce their number of in-person visits from the standard 12–14 to eight. Here are its elements: Information and knowledge-based tracking system. Relevant clinical information can now be retrieved automatically from the electronic medical record system by the OB care team. Operations management Innovation Information & technology Healthcare Digital Article

Empowering Digital Societies - SPONSOR CONTENT FROM MICROSOFT

Harvard Business

Digital transformation—or the way of thinking about this change—refers to the use of technology to improve the reach and performances of enterprises. Globally, these types of changes will be most effective when they’re supported by a legal and policy framework that reinforces the technology, particularly for issues of security, privacy, and resilience. The technology is sophisticated enough now that the possibilities seem almost limitless.

8 Ways Governments Can Improve Their Cybersecurity

Harvard Business

One challenge countries face: there are hundreds of MFA technologies vying for attention, but not all are created equal. Policymakers should understand the limitations of first-generation MFA technologies such as OTPs that rely on shared secrets and look to incent adoption of more secure alternatives, such as those that utilize public key cryptography where keys are always stored on — and never leave — the user’s device, like FIDO authentication standards.

You Can’t Delegate Talent Management to the HR Department

Harvard Business

Successfully identifying, developing, and retaining leadership talent is critical for any organization’s long-term success. Just last year, for example, the Association for Talent Development, a professional society for talent development people, published a research study that proposed 15 core functions for talent development and 24 secondary functions that might be important for some organizations. Developing Tomorrow’s Leaders.

How to Make Sure Good Ideas Don’t Get Lost in the Shuffle

Harvard Business

Over time, employees learned that developing and submitting new ideas was not worth the effort. We’ve studied stereotypically “creative” firms, like design, R&D, and information technology companies, but we’ve also researched stereotypically “uncreative” environments, like Golan’s manufacturing plant at Elop (which is part of Elbit ISTAR). Innovation Research & development Motivating people Organizational culture Digital Article