Why Are We Still Classifying Companies by Industry?

Harvard Business

They have expanded far beyond the “Information Technology” tag attached to them by GICS. Today, technology is just a standard part of corporate infrastructure, like operations or marketing. Information & technology Business models Digital Article

More Training Won’t Reduce Your Cyber Risk

Harvard Business

But all too often organizations’ approach to mitigating that risk — other than taking the wise step of ensuring that they have the state-of-the art technological protection in place — is more training. Most importantly, the training can help leaders be much more effective in overseeing chief information officers (CIOs), and chief information-security officers (CISOs). Know and prioritize your information. Don’t just share information; block it.

The Ways Your Brain Manages Overload, and How to Improve Them

Harvard Business

Information overload is everywhere , from non-stop news to rat-a-tat email inboxes. At the receiving end of this deluge of verbiage is the human brain — your brain— metaphorically endowed with a vacuum cleaner that sucks up information; a container for short-term memory; a blender for integrating information; a memory bank for storing long-term information; a garbage disposal for getting rid of information; and a recycling machine extraordinaire.

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.

Assess Whether You Have a Data Quality Problem

Harvard Business

Your team members will either spot errors — the misspelled customer name or information that’s been placed in the wrong column — or they won’t. Data Information & technology Digital Article

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FinTech Is Weaving Charitable Giving into Everyday Transactions

Harvard Business

Social purpose is continuing to evolve from a philanthropic niche to a key part of core business strategy, and this shift presents unique opportunities for technology companies, in particular. Social responsibility Internet Information & technology Digital Article

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To Survive, Health Care Data Providers Need to Stop Selling Data

Harvard Business

End users can take advantage of quantities of newly available information to solve problems in population health, clinical decision support, and patient engagement, among other applications. And for data providers, ubiquitous availability of information and low barriers to entry means that the competitive advantage gained from the data itself can be quickly eroded. Information that would once have been proprietary — and premium-priced — is now widely available, for free.

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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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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. Analytics Operations management Information & technology Healthcare Digital Article

How Companies Are Benefiting from “Lite” Artificial Intelligence

Harvard Business

At the less-expensive end is a knowledge-based approach that organizes data and language into highly malleable and helpful blocks of information. But they can become very smart indeed about sorting and distributing their information in extremely fast ways.

Data Quality Should Be Everyone’s Job

Harvard Business

I’d recommend that provocateurs get over these concerns by keeping bosses informed, accepting help from others, and sharing credit for success. Data Information & technology Digital ArticleAll of us depend on data created elsewhere to do our work.

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How Today’s Political Polling Works

Harvard Business

Demographics Government Information & technology Digital Article

Data Breaches Aren’t Just an IT Issue - SPONSOR CONTENT FROM VERIZON

Harvard Business

Over the past decade, the Verizon Data Breach Investigations Report (DBIR) has become the leading global source of information about the world of cybercrime and security breaches. Security & privacy IT Data Information & technology Sponsor ContentYou don’t see it coming.

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.

How the Water Industry Learned to Embrace Data

Harvard Business

The water industry is using digital technologies and analytics to derive more value from its physical assets. To help solve this problem, organizations are using digital technologies and data analytics to improve leak detection. Although members of the water industry have found success using digital technologies and analytics, they’ve also faced challenges when trying to transform the roles and mindsets of their employees and their internal- and customer-facing processes.

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.

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.

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.

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. Get them to introduce you to others, and ask a couple of them to serve as informal mentors. Embrace the broader reality, with a special emphasis on all the information that is yet to be stored in technology. Data Information & technology Technology Digital ArticleYou can be a good data scientist by sitting at your computer.

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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.

Robots Will Replace Doctors, Lawyers, and Other Professionals

Harvard Business

More recently, there has been a shift to systematization, the use of technology to automate and sometimes transform the way that professional work is done — from workflow systems through to AI-based problem-solving. Our inclination is to be sympathetic to this transformative use of technology, not least because today’s professions, as currently organized, are creaking. Information & technology Professional transitions Internet Digital Article

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. However, Alignors tend to stick with industry norms, despite their preferences and the rapid advancement in digital technologies. Growth strategy Budgeting Information & technology Digital Article

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 Pros and Cons of Robot Managers

Harvard Business

Not only is technology capable of rivaling humans on these core management tasks, it is already playing a pivotal role in helping humans to more effectively accomplish these tasks. Harnessing the power of machine learning and other technologies. Although technology can make us angry (particularly when it doesn’t work) it is much harder to fight with it than with humans. Information & technology Leadership Analytics Talent management Digital Article

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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. Data Information & technology Analytics Digital ArticlePredictive analytics, data science, artificial intelligence, bots. The waves of advances in the application of data keep on coming.

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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. Today, the clinical and genetic information of cancer patients is held in a variety of places: academic medical centers, community hospitals, disease-specific foundations, pharmaceutical companies, and the government.

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Why You Shouldn’t Swear at Siri

Harvard Business

If adaptive bots learn from every meaningful human interaction they have, then mistreatment and abuse become technological toxins. Using bad manners with smart technologies can lead to bad management. Sooner, rather than later, organizations will have to recognize that getting the best out of their smart technologies requires getting the best from themselves. Technology Mobile Information & technology Digital ArticleStop swearing at Siri.

How to Hire with Algorithms

Harvard Business

­­ Information & technology Assessing performance Hiring Talent management Digital ArticleHBR STAFF. Choosing the right person for a job can be challenging. The sheer number of resumes can be overwhelming.

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.

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

Harvard Business

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. This figure should surprise no one with an interest in big data. But here’s another number: $3.1

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Cybersecurity Is Every Executive’s Job

Harvard Business

The best and most effective means for senior executives to guarantee change is to establish a solid working relationship with the Chief Information Security Officer (CISO). Information & technology Risk management Security & privacy Digital ArticleAll companies connected to the internet are vulnerable to cyber attacks. And the potential losses are significant. Retail giant Target, for example, estimated its losses from a 2013 data breach at more than $250 million.

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. Information & technology Financial analysis Financial management Digital Article

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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.

How Predictive AI Will Change Shopping

Harvard Business

Amazon, Facebook, Google, and Apple are accelerating consumer expectations and what’s technologically possible, from same-day delivery to machine-powered image recognition. Amazon patented predictive stocking in 2014, and saying that AI, machine learning, and personalization technologies have improved since then is an understatement. Harnessing the power of machine learning and other technologies. Imagine you’re about to leave the house to pick up your kids.

What a Visit to an AI-Enabled Hospital Might Look Like

Harvard Business

Harnessing the power of machine learning and other technologies. The clerk looks at the patient name and informs you that the patient is allergic and provides you the same three options as before along with a coupon for 15% off on your next visit. Perception starts by providing both obvious and non-obvious observations to provide a baseline of information to help inform recommendations. Prediction informs you of what to expect.

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.

Hiring Data Scientists from Outside the U.S.: A Primer on Visas

Harvard Business

USCIS, by law, must approve it within 90 days of the application (unless it requires additional information). Hiring Information & technology Digital ArticleIt’s no secret that there’s a shortage of data scientists in America’s workforce. Many companies look to hire overseas to help ease the domestic talent shortfall (in fact, one in three data scientists are born outside the U.S. )

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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

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

Only 3% of Companies’ Data Meets Basic Quality Standards

Harvard Business

Data Information & technology Digital ArticleMost managers know, anecdotally at least, that poor quality data is troublesome. Bad data wastes time, increases costs, weakens decision making, angers customers, and makes it more difficult to execute any sort of data strategy. Indeed, data has a credibility problem. Still, few managers have hard evidence or any real appreciation for the impact of bad data on their teams and departments. They are thus unable to give data quality its due.

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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? For more on enabling the enterprise through a hybrid cloud, download the full position paper from DXC Technology. Information & technology Technology IT Sponsor Content

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