The future of work is bringing new language to us. We all know that artificial intelligence is bringing about seismic changes to the workforce. But “globots” and “telemigrants” are predicted to cause major upheaval as well. Learn more.
- AI is here to stay (6 out of the 15 emerging jobs are related to AI in some way).
- Basic business operational functions are on an upsurge.
- Soft skills – oral communication, leadership and time management – account for the largest skills gap.
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.
Like other industries, the consulting industry is being disrupted in many ways. With the rise of artificial intelligence, machine learning, blockchain and advanced analytics, consultants may find themselves working closely with artificially intelligent systems that can analyze huge volumes of data that are incomprehensible to the human mind. Learn more about how data analytics are changing the consulting industry – and what is perhaps the most important consulting skill going into the 2020s.
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.
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
Those of us who live in the Queen City know that Charlotte is the third-largest banking center behind New York City and San Francisco. According to S&P Global Market Intelligence, the Charlotte region is home to 16 banking institutions with $2.27 trillion in total assets. So, what’s happening in the USA’s financial services sector overall?
Learn about the future of Financial Services here.
How are tech trends and FinTech affecting the Financial Services industry? Learn how here.
Are technology firms the next Financial Services providers? Let’s see what Forbes thinks here.
Finally, learn about the third way of innovation (AI and machine learning) in Financial Services here.