Read about the 65 fast-growth firms that are disrupting the consulting profession in the latest digital issue of CONSULTING MAGAZINE (November 2018). Be sure to read the practical tips in the “Consultants On Consulting” article (page 78) to help your next technology modernization engagement run smoothly.
Our Managing Partner, Mark Weber, kick-started last week with a conference call with the CEO of one of our clients. The conversation focused on the topic of talent development (the #1 concern of mid-market CEOs who attended last month’s sixth annual mid-market CEO convention at the Wharton School at the University of Pennsylvania). During the call, the CEO stated that in today’s world, ALL companies are tech companies. Many organizations don’t understand this concept and continue to see technology as a separate entity from the rest of their businesses. Greg Williams, the Deputy Editor of WIRED Magazine, recently published a blog post on the 5 reasons why businesses are moving toward being technology companies. Read it here.
Smart technology is a disruptive force in the business world and promises to impact every industry – including knowledge-based industries like management consulting. MIT Sloan Management Review published a great article last month that highlighted 5 rules that consulting companies should follow to remain relevant in the age of AI and other smart technologies. Read it here.
LinkedIn, the social network that currently boasts 560 million members, works hard to monetize all of those profiles with sales of data to third parties. While the professional networking site continues to grow in size, there are many who believe the LinkedIn business model is ripe for disruption. Omar Zaki, a Yale graduate and CEO of MYBS (pronounced “moe-bee-uh-s”) is one of those disruptors. Learn how MYBS believes that blockchain is the key to disrupting LinkedIn’s business model here.
As a holding of Microsoft, LinkedIn continues to evolve and add new features. Here’s something new to try at your next networking event. On June 28, LinkedIn added a QR code generator to help professionals swap details when they are not already connected on the social media platform. LinkedIn suggests that the QR code can effectively become the replacement for the business card for people at in-person events. Read the LinkedIn Blog to learn more.
There is no doubt that Agile drives value beyond the world of software development. And, when effectively scaled, Agile can create substantial benefits for even large corporations. The key is understanding that Agile is a mindset, not just a methodology. Read this Forbes article to learn more.
According to Accenture, the impact of Artificial Intelligence (AI) technologies on business is projected to increase labor productivity by up to 40%, and enable people to make more efficient use of their time.
Another core technology altering nearly every dimension of our lives as outlined in a recent MIT Sloan Management Review article is biotechnology. Biotechnology is really the combination of technology, chemistry, and life sciences. At first glance, many business leaders may believe that biotechnology only impacts the health care field. The rapid advances in biotechnology, however, show enormous promise and have the potential to “both expand existing industry boundaries and create entirely new industries,” according to Dr. Albert H. Segars, author of the article and PNC Distinguished Professor of Strategy and Entrepreneurship and Faculty Director of the Center for Sustainable Enterprise at the University of North Carolina Kenan-Flagler Business School.
- Industrial Processing – applications in product development, pollution control, bio-recycling, and hazardous waste.
- Biometrics/Bio-identification – expanding the use of biomarkers as a gateway to information access and commerce.
- Bioinformatics – analysis of large sets of data used in the Human Genome Project, Disney’s theme park design, and more.
- Medical – advancements in the field of genomics, production of vaccines, antibiotics, gene therapy, and personalization of implantable devices.
- Food & Agriculture – significant gains in the production of plants, improved quality of livestock, pest-resistance crops, nutrient supplementation, and manufactured power fibers.
- Energy – alternative energy sources, production of biofuels from algae and other plant and waste sources.
Click here to read the entire MIT Sloan Management Review article.
In a recent MIT Sloan Management Review article, Dr. Albert H. Segars from University of North Carolina Kenan-Flagler Business School outlined seven core technologies that are altering nearly every dimension of our lives and their implications for commerce, health care, learning, the environment and more. According to Dr. Segars, pervasive computing is one of the core technologies that every business leader should become familiar with as the digital revolution rages on.
Pervasive computing, also called ubiquitous computing, is a concept where information, media, context, and processing power are delivered conveniently to us in all kinds of things. The Apple Watch’s ability to alert users of incoming phone calls and to allow users to complete calls through the watch, is an example of pervasive computing. The large network of connected microprocessors embedded in everyday objects allows access to information from virtually anywhere and at any time.
First pioneered in the late 1980s at the Olivetti Research Laboratory in Cambridge England, the development of the “Active Badge“, a small clip-on microcomputer employee ID card, enabled the company to track employee movement. This spurred articles by the The New York Times, ComputerWorld and other publications about George Orwell’s Big Brother prediction coming true.
- Transportation (by air, land and sea)
- Smart Homes
- Security & Safety
- Healthcare/Medical Technology