How to Implement AI — Responsibly
Harvard Business
MAY 10, 2024
Researchers engaged with organizations across a variety of industries, each at a different stage of implementing responsible AI.
Industry Information Technology Productivity Research 
Impact of Data Analytics in Consulting
Tom Spencer
APRIL 6, 2019
The words “big data” have become a “buzzword” in the business industry. It is a concept that revolutionised old-school industries, gave birth to a new industry, and made improvements to businesses regardless of their size. Tailoring products to individual needs: Big data allows an organisation to narrowly segment customers.
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Our Physical World Has Changed: Augmented Reality in Tourism
Tom Spencer
OCTOBER 3, 2020
Flat screen devices that render two-dimensional data for use in a three-dimensional world can be used to increase a user’s access to information and analytics. We are now seeing augmented reality being deployed by industry. Boeing has adopted AR and seen increased productivity and quality in their training process.
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Why Are We Still Classifying Companies by Industry?
Harvard Business
AUGUST 18, 2016
For more than 60 years, investors, analysts, business leaders, and even governments, have classified companies based on industries. Industry walls are disintegrating at a rapid pace. They have expanded far beyond the “Information Technology” tag attached to them by GICS. It’s not an industry in itself.
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Indian Companies Blossom in the US Market
Business Consulting Agency
SEPTEMBER 21, 2023
Diverse Sectors : Indian firms have a presence in diverse sectors, including information technology, pharmaceuticals, manufacturing, and renewable energy. Innovation and Collaboration : Indian companies have contributed to US innovation through research and development collaborations, bolstering the technology and healthcare sectors.
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What is consulting?
Tom Spencer
FEBRUARY 1, 2020
Some people also call consulting a ‘talk-job’ – you go to the clients, you talk about what the ideal world scenario would be for a particular project, product or market, and your billable hours are sorted. Sales, Marketing, Production) and secondary functions (e.g. Finance, HR, Supply Chain, ICT, Legal). Conclusion.
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Research: Cloud Computing Is Helping Smaller, Newer Firms Compete
Harvard Business
AUGUST 31, 2018
has slowed , and that in most industries the biggest firms have higher market share than they did a decade ago. Despite those trends, our research suggests that technology can in fact provide an advantage to small and new firms. In recent research, we studied the adoption of cloud computing across U.S. businesses.
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The Industrial Era Ended, and So Will the Digital Era
Harvard Business
JULY 11, 2018
Still, it wasn’t until 50 years later that Edison opened his first power plant, and then 40 years after that, during the 1920s, electricity began to have a measurable impact on productivity. Every technology follows a similar path of discovery, engineering, and transformation. First is the technology itself.
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A Study of 16 Countries Shows That the Most Productive Firms (and Their Employees) Are Pulling Away from Everyone Else
Harvard Business
JULY 13, 2017
The corporate landscape has become increasingly unequal, with the most productive firms thriving and the least productive ones failing to keep up. Other research has documented that the pay gap between firms is contributing to increased income inequality, but our work makes two additional contributions.
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Big Data: An Opportunity for Data Scientists & Data Analysts
Tom Spencer
NOVEMBER 25, 2022
Data analysts often work closely with key business functions including marketing , product development, information technology, finance, and management to identify consumer trends, anticipate issues, and present evidence-based solutions to support strategic decision-making. Required Skills.
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Management Consulting Salary Guide for 2019
CaseInterview.com
MARCH 5, 2019
Washington grads from Olin also earn an average of $58,000 when they enter the industry. The competitive pay of new recruits stems from their ability to present information, knowledge, and advice because management consults essentially sell information and advice to clients. Information Technology Consulting.
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Innovative Companies Get Their Best Ideas from Academic Research — Here’s How They Do It
Harvard Business
APRIL 19, 2016
In virtually every advanced field, whether it’s information technology, biotechnology, agriculture, or renewable energy, America holds a leading position. While private companies employ some excellent scientists, most of America’s scientific research is publicly funded. vincent tsui FOR HBR. Monitor and participate.
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Top 10 Consulting Firms In New York
Management Consulted
FEBRUARY 5, 2017
In the New York office, the industries McKinsey caters to are financial services, health care services, advanced electronics, aerospace and defense, and TMT (technology, media and telecommunications). Bainies in NYC work to support their clients on nearly every industry and across all ranges.
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Digital Transformation Is Racing Ahead and No Industry Is Immune - SPONSOR CONTENT FROM DXC TECHNOLOGY
Harvard Business
JULY 19, 2017
Dealing with today’s digital disruption begins by understanding how it differs from past industry changes. After all, stories of the end of our industry as we know it have been a trade press staple for decades. By 1980, numbers from research firm Innosight reveal that the average stay had declined sharply to 25 years.
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The Consulting Value Proposition
Tom Spencer
DECEMBER 2, 2017
The benefit of bringing in specialist consultants is that they are likely to have experience solving similar problems and an understanding of industry best practice. Restructuring is a niche service which requires specialized knowledge and industry experience. Turnarounds. Catalyst for Change. Image: Pexels.
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Has the MBA become Redundant for a Career in Consulting?
Tom Spencer
FEBRUARY 16, 2019
Their advice is always the same, for them their other degrees showed firms that they have an inquisitive mind that can solve problems with the utmost productivity. Most firms hire in batches and relying on a core group of schools enables a consistent flow of talent” ( “Here’s How to Break Into the Management Consulting Industry,” 2016 ).
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Apple’s Pact with 13 Health Care Systems Might Actually Disrupt the Industry
Harvard Business
MARCH 23, 2018
Since electronic health records (EHRs) became widespread over the last decade, there has been growing frustration over the inability to make electronic data liquid — to have it follow the patient throughout the health system and to be available for more sophisticated analysis in support of improved patient care and research.
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The Brattle Group Interviews and Culture
Management Consulted
APRIL 11, 2016
Founded in 1990, The Brattle Group is a relatively new kid on the block, but its story began in 1983, when Incentives Research Inc. At The Brattle Group, you will find diverse, interesting and challenging work whether you are a Research Analyst, Associate, Principal, or a member of our Professional Services team. Product liability.
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IBM Consulting Interviews: Navigating the IBM GBS Maze
Management Consulted
OCTOBER 18, 2013
IBM was founded in 1911 and has a rich history of ingenuity, deep convictions, premier research and development, and trend setting. These services focused on business management and information technology. Information Technology. Consumer Products. Revenue: $20B+ (2011). IBM GBS HISTORY. Finance Risk.
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How Software Is Helping Big Companies Dominate
Harvard Business
NOVEMBER 19, 2018
They’re more productive , more profitable , more innovative , and they pay better. But the rise of big companies — and the resulting concentration of industries, profits, and wages — goes well beyond tech firms and is about far more than antitrust policy. What’s Driving Industry Concentration.
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28 How Cloud Computing Is Changing Management
Harvard Business
FEBRUARY 8, 2018
Theories and practices of management often spring from the opportunities created by new technologies. The complex calculations of the field known as Operations Research were enabled by mainframe computing. BPM reflected the interactions of different stakeholders, from product creation through supply chain to final assembly.
6 Reasons Salespeople Win or Lose a Sale
Harvard Business
JUNE 23, 2017
It’s a question I’ve studied for years, as part of the win-loss analysis research I conduct. There’s a tendency to assume that the salesperson lost because their product was inferior in some way. However, in the majority of interviews buyers rank all the feature sets of the competing products as being roughly equal.
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28 Paying Skilled Workers More Would Create More Skilled Workers
Harvard Business
MAY 19, 2016
Nevertheless, few would argue that information technology permanently increased unemployment. Research has since shown that the skills gap has a cyclical effect on unemployment, explaining as much as one-third of the increase in unemployment following the Great Recession. However, I argue that this view is not correct.
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44 The Real Reason Superstar Firms Are Pulling Ahead
Harvard Business
OCTOBER 5, 2017
Across industries and across countries, a small number of “superstar” firms are pulling away from the competition. They’re more productive, as the chart below illustrates. One answer to that first question shows up in study after study: superstar firms are succeeding in large part due to information technology.
Good Management Predicts a Firm’s Success Better Than IT, R&D, or Even Employee Skills
Harvard Business
APRIL 19, 2017
In our research , we’ve confirmed that management matters — a lot. In fact, it matters as much or more than a number of other factors associated with successful businesses, like technology adoption. The public remains divided over the value of good management. But what does the data tell us? We found several major factors.
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42 Brews, News and Booz & Company: Interview and Culture Insights
Management Consulted
AUGUST 28, 2013
You created not just a firm, but an industry we are all now proud of. After 2 years, he recruited 2 friends from Chicago and formed the Business Research and Development Company with $500 borrowed from the bank. Product and Service Innovation. Information Technology. Industries served: Aerospace & Defense.
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Limit Cyberattacks with a System-Wide Safe Mode
Harvard Business
MAY 17, 2017
As a result, when companies are hacked, it can take days for information technology teams to isolate infected systems, remove malicious code, and restore business continuity. But they continue to operate and communicate with other systems until information technology teams shut them down and correct the malfunction.
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Some Companies Are Banning Email and Getting More Done
Harvard Business
JUNE 8, 2016
In fact, that exact conclusion is one that Thierry Breton, CEO of the France-based information technology services firm Atos Origin, arrived at several years ago. So, he took steps to eliminate what he believed were negative effects on company productivity. So is a growing body of research on the effects of email.
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28 What the Companies on the Right Side of the Digital Business Divide Have in Common
Harvard Business
JANUARY 31, 2017
While some have invested significantly in technology, operational, and cultural changes, others are lagging behind. Our research focused on 344 enterprises* listed on U.S. billion, including most major firms in the manufacturing, consumer packaged goods, financial services, and retail industries. for leaders and 3.2%
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28 FTI Consulting Interviews and Culture
Management Consulted
FEBRUARY 15, 2015
As consulting firms go, FTI Consulting is a newcomer – but at just over 30 years old, the firm has made impressive strides to become one of the most respected name in legal analysis and data-driven research to support major initiatives for law firms, banks and the majority of the Fortune 500. Litigation technology.
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Why Financial Statements Don’t Work for Digital Companies
Harvard Business
FEBRUARY 26, 2018
In contrast, industrial giant GE’s stock price has declined by 44 % over the last year, as news emerged about its first losses in last 50 years. Why do investors react negatively to financial statement losses for an industrial firm but disregard such losses for a digital firm?
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28 The H-1B Visa Debate, Explained
Harvard Business
MAY 4, 2017
It has benefited the tech industry enormously, and other sectors, including health care, science, and finance, have also used it to fill gaps in their workforces. The program is most often associated with the tech industry, where H-1B workers hold about 12%–13% of jobs , according to a Goldman Sachs report. jobs overall.)
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GDP Is a Wildly Flawed Measure for the Digital Age
Harvard Business
JULY 28, 2016
As the economy has evolved from one age to another (from industrial to services to information to network), our basic measurement systems have not kept pace. Gross Domestic Product (GDP), our core measure of prosperity, was developed during the industrial age. Here’s how the mismeasurement works.
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28 A.T. Kearney Interview & Culture
Management Consulted
JANUARY 18, 2015
Kearney becomes a wholly owned subsidiary of EDS in September, nearly doubling in size and vastly expanding its industry expertise and information technology capabilities. Each company faces substantial challenges in the every evolving face of marketing due to consumer trends and industry dynamics. Industries.
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Why Companies That Wait to Adopt AI May Never Catch Up
Harvard Business
DECEMBER 6, 2018
They are planning to be “fast followers” — a strategy that has worked with most information technologies. It’s true that some technologies need further development, but some (like traditional machine learning) are quite mature and have been available in some form for decades. We think this is a bad idea.
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28 List of strategy consulting firms in Hong Kong
Tom Spencer
SEPTEMBER 29, 2011
A&M is an independent global professional services firm which provides leadership, problem-solving and value-creation services to companies across the industry spectrum. IMS is the leading provider of information services for the healthcare industry. Founded in 1983, A&M operates in 38 cities worldwide. Oliver Wyman.
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107 ExxonMobil’s Shareholder Vote Is a Tipping Point for Climate Issues
Harvard Business
JUNE 7, 2017
of the votes were in favor, providing a strong signal that climate change is an important financial risk and that shareholders want to know more about what companies are doing to transform their operations and products to remain competitive in a low-carbon world.
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Are You A Future-Ready Leader?
Organizational Talent Consulting
APRIL 18, 2022
Likely you know of someone, who has personally experienced the impact of technology-assisted work or had their work replaced by innovation. In the warehouse and distribution industries staffing challenges, and increasing competitive pressures have accelerated the use of technology.
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52 Keynes Is Dead, Abenomics Fizzles, US Fails to Reach Escape Velocity, Stimulus Fatigue
MishTalk
JANUARY 21, 2014
The chances are that the global economy, weighted by nominal GDP at current exchange rates, will grow at 2 percent Globalization, turbo-powered by information technology, has cut short the feedback loop between demand stimulus and supply response. Multinational companies were fanning out to diversify their production bases and markets.
The Secret History of Agile Innovation
Harvard Business
APRIL 20, 2016
A more reasonable starting point might be the 1930s, when the physicist and statistician Walter Shewhart of Bell Labs began applying Plan-Do-Study-Act (PDSA) cycles to the improvement of products and processes. So he began by learning everything he could about maximizing organizational productivity.
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Where Trump Does (and Doesn’t) Have Leverage with China
Harvard Business
DECEMBER 16, 2016
Recent research suggests that Chinese imports, over the 12 years after the country’s WTO entry in 2001, took in excess of an estimated two million jobs out of U.S. Low-wage economies like Mexico’s and China’s absorb American technology and build industrial capability more easily today than ever. job killers.
We Need to Approach AI Risks Like We Do Natural Disasters
Harvard Business
FEBRUARY 7, 2018
Tens of billions of connected sensors are being embedded in everything ranging from industrial robots and safety systems to self-driving cars and refrigerators. In addition, they need the ability to switch to manually controlled environments in case artificially intelligent systems have to be shut down and to recall faulty smart products.
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28 How One Clothing Company Blends AI and Human Expertise
Harvard Business
NOVEMBER 21, 2016
Second, companies can use machines to supercharge the productivity and effectiveness of workers in unprecedented ways. As research we’ve conducted across industry and academia shows, companies have an unprecedented opportunity to tap ongoing advances in AI and machine learning research to reinvent business processes.
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How Digital Leaders Get the Right Work Done - SPONSOR CONTENT FROM WORKFRONT
Harvard Business
DECEMBER 11, 2018
I’m Angelia Herrin, Editor for Special Projects and Research at HBR. In fact, only eight percent of companies’ CEOs believe that their business model will remain economically viable if their industry continues to digitize at its current course and speed. Think about this, if you think about a legacy product company.
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