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What the Finance Industry Tells Us About the Future of AI

Harvard Business

For a preview, look to the finance industry which has been incorporating data and algorithms for a long time, and which is always a canary in the coal mine for new technology. The experience of finance suggests that AI will transform some industries (sometimes very quickly) and that it will especially benefit larger players.

Finance 69
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Upgrade your Legacy System without Disrupting your Project-based Organization

Progressus

Project-based organizations that are still utilizing legacy systems today have a host of potential system failure, compliance, and integration concerns. According to the United States Government Accountability Office , ten of the government’s legacy systems cost approximately $337 million annually to operate and maintain.

System 52
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Descent of the Global Monetary System

Tom Spencer

In the long run, it would seem fairer to base the global monetary system on an asset that is not produced exclusively by any one nation and which people are generally willing to accept as valuable. Bretton Woods System: 1944 – 1971. The Bretton Woods System created a kind of monetary discipline.

System 88
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Intentional design (and complicated systems)

Seth Godin Blog

Along the way, complicated systems muddy design because there are so many “who”s to answer to. And now we get to the system problems. This might be as simple as, “buy something cheap,” but it could also have to do with favors owed, financing options or the convenience of delivery. But wait, it gets worse.

System 42
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China Faces "Minsky Moment" on Ponzi Financing

MishTalk

Inquiring minds are tuning into a report on the Ponzi finance setup in China. In recent weeks, a trip to the region and further research into China’s shadow banking system have convinced us that China is approaching its “Minsky Moment,” which increases the chances of a disorderly unwind of China’s excesses. Morgan Stanley agrees.

Finance 75
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How the Financial World Adapts to Climate Change

Tom Spencer

Knowing the ins and outs of upcoming trends in finance is indispensable for any aspiring consultant. A prime example for such a question is how finance is adapting to the issue of climate change, and might assist its mitigation. Green Finance. Final thoughts.

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Demystifying Emissions Reporting

Harvard Business

With robust GHG reporting, businesses can integrate sustainability measures into existing financial systems and processes, and this can be achieved effectively through collaboration between finance and sustainability professionals. The article provides an eight-step roadmap to achieve investor-grade GHG reporting.

Report 62