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The Transformative Power of AI in Business

Tom Spencer

These systems can suggest relevant products that customers are likely to enjoy. For example, Alibaba, a leading Chinese e-commerce company, could conduct sentiment analysis of customer reviews of individual products and services, and use these insights to modify existing products and develop new ones.

Data 147
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How to Use Flow Metrics to See if Your Economies of Scale Offer Value, Part 3

Johanna Rothman

Flow Efficiency In How Centralization Decisions Create Friction, Increase Cycle Time, and Cost Money, Part 1, I discussed how removing support staff for departments and managers created longer cycle times. Now, it's time for Economies of Scale and how that ties into resource efficiency thinking. Ignorance of the flow metrics.

Metrics 63
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Possible Organization Changes for a Product Approach, Part 5

Johanna Rothman

How do we move from a project-based organization towards a product organization? I’ve noticed these challenges in companies who want to move to a more product-oriented approach: The reward system rewards resource efficiency, not flow efficiency. Work Toward the Product Organization with Team Behaviors.

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The Role of Consultants in an AI-Driven World

Tom Spencer

While AI will be able to perform many tasks more efficiently and accurately than humans, there are certain areas where machines will always fall short. For example, in a recent consulting engagement, I worked with a company that was struggling with low employee morale. One of the key areas in which we excel is emotional intelligence.

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Wealth Management: Building and Protecting Fortunes

Tom Spencer

Wealth managers may also make recommendations about tax-efficient investment strategies and assist with estate planning to help clients pass on their wealth to future generations. They are highly qualified and well-educated in the field of finance and are able to navigate the complex regulatory challenges and financial goals of their clients.

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Blockchain: New Use Cases for Governments and Business

Tom Spencer

Blockchain has already had a significant impact in the finance industry with the global cryptocurrency market cap now exceeding $1 trillion. Low transaction costs will also be necessary to ensure efficient operations and to ensure that blockchain systems offer a cost advantage over the status quo. In 2017, Protokol estimated that $1.2

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Navigating the Crossroads: Project Management vs. Project Accounting Software

Progressus

The Power of Project Management Software: Project Management software is engineered to assist teams in organizing, tracking, and completing projects efficiently. Increased Productivity: Streamlines project workflows, reducing time wasted on administrative tasks.