Bitcoin is consuming as much energy as the country of Ireland
Blockchain is perceived to be a solution that addresses middle man dependency, transparency also ensuring privacy, etc. While the technology does pose benefits, the damage to the environment is significant. The pros do not outweigh the cons when all people are doing is using the cryptos to make Fiat money. Ridiculous!
Structuring a new social program can be extremely complex. If only public policy implementation adopted agile practices to launch MVPs and adapt the policy accordingly, the cost of implementation could be lesser. UBI will be the new buzz word in a couple of years time and it’s important that we understand what this can do and the limitations so that we are in a better position to implement.
Leadership can be of different types and the one that involves the leader to get their hands dirty to solve problems and thereby inspire others in the process is the definitely the lasting one.
Something that most of the organisations lack these days - fairness in performance management. A performance management can be fair and effective only if the one who’s doing it is smart and knows the domain and the employee really well. And organisations lack good managers or leaders resulting in bad implementation of the performance management system
The framework to understand risk and probability of outcomes in the future is rather simple in theory but an application of the same to base our decisions is complex. Imbibing the way of thinking that future is not binary but a distribution of uncertain decisions with a risk associated with each can help us make informed decisions. Still doesn’t remove the risk altogether.
Power of networks in marketing - exhibit A : Micro Brands.
Cognitive diversity in problem solving is becoming the new buzz word. Cognitive diversity is nothing but having people working together bringing in different perspectives, giving constructive feedback, quantum think a particular solution in all angle. Psychologists say that cognitive diversity should have more emphasis than ethnic or gender diversity. In the end the mind is just one and the way this intellect gets displayed is what gender and ethnicity brings about.
Take on Data Warehousing and where organizations are currently going wrong. A cultural revolution on data is underway and clearly many aren't ready.
#Data #Strategy #Agile #Analytics
Strategy is not actions but a journey that one undertakes in different dimensions to reach their objectives thereby positioning themselves in a manner they want to against competition or the industry. The holistic view of the journey is important.
Today, technology is powerful than the Govt and here we have a company that is core tech and innovation trying to be the Govt. FB is extremely powerful and the communities formed there can make or break anything. Zuckerberg needs to be proactive to advocate democratic measures that aren’t just an eyewash in order to make a true impact. The beauty of FB is in the boundary-less communities this is to be preserved and made constructive.
Loyalty is bought where as needs are met. There is a big difference between the two and together the businesses must strive to stay relevant and meet the needs proactively which effectively builds a good and loyal customer base. The fundamentals of loyalty program is dependent on the company to anticipate needs and stay relevant.
Evan Williams sets the bar too high. Medium has done remarkably well in getting really good content out there. Their membership model is definitely worth the investment. With some new targets, the desired future state looks solid.
Allibaba has got the Chinese retail market sorted. The innovation and experimentation is way more than Amazon or other retailers around the world. Amazon couldn’t monopolise the US market the same way Alibaba did in China and hence took a global stance. Only a matter of time Alibaba thinks scale.
It’s difficult to take over a company that’s in the middle of a public relations turmoil and drive the same efficiency as before. At a stage like this when Uber is unable to monopolise the ride sharing market across the globe like Google or FB in their respective domain, prioritising the right things is of paramount importance. Should Uber save face or pursue the markets aggressively. A mix of both is needed simultaneously and Khosrowshahi is setting things up well.
It’s extremely difficult to put up with the volume of information out there. True learning can happen only when there is equal amount of unlearning and the half-life analogy is apt to make us realise how much continual effort is needed.
Regulators across the world have been pushing back with plenty of Governance measures just so that companies can imbibe a culture that does not tolerate misconduct and at the same time takes measures that are well within their Risk Appetite. For some, regulatory reporting has become a pain/burden. A new organisational approach is needed to reduce instances of misconduct - investment in cultural capital.
Too much distractions and too little time thinking or retrospecting. Welcome to the world of on demand and good bye patience. We might be getting good with gadgets and way of living but only to lead depressing lives.
Germany’s regulations may cause its industrial money to be wiped out soon. It’s time that Germany pressed the accelerator on technology and innovation and ensure they have ample companies at home driving this with the big industrial companies like BMW, Bosch etc.
Investments in technology and innovation must be accompanied by a thought of how these would fit in the business model thereby addressing customer needs in a hassle free manner. Just the investments would not suffice!
A beautifully written post on what it takes to unravel a complex story for anybody to understand and no body does that better than Tim Urban. Tim’s ethics are to be admired; flicking through thousands of articles/papers, spending a considerable time understanding, spinning a tale with a structure and chronology. In the end, his outputs have been nothing short of brilliance.
Distractions and unnecessary governance can impact the pace of the work and at the same time lead to minimal productivity. It’s important to say ‘No’ to ensure progress.
Board games are awesome. Bringing bunch of people together and making them focus on a shared reality in the digital age is magic. Also helping in strategic and analytical thinking at the same time ensuring fun.
Everyone needs motivation and it can be intrinsic or extrinsic. Research tells better ways to get both. Behavioural science is key.
Data Science or any BI project needs to cater to the customer needs. In the end the development and consumption is all about the underlying business problem. The intersection of Math, Business, Technology, Design Thinking and Behavioural Science is the true skill that one must possess today.
M&As are always an economic and political battle between multiple parties. While the two parties in the transaction are incentivised, the implications are for the wider group. Broadcom has been persistent in acquiring Qualcomm in order to be the World’s largest semi-conductor company; a move that doesn’t seem to stand well with the Trump administration, the Chinese Govt and the Singapore Govt
Design is just a buzz word. In essence all of us have the principles of design embedded in our day to day work - be it creating a new spreadsheet or a wireframe/report or presenting results of a quarter with appropriate articulation. The ultimate goal is to sustain and reach diverse broader group. How we do it - some say with the right strategy and some say with the right design. Design cannot be isolated.
Or the reason why Americans don’t often go to hospitals are because they are convinced that healthcare is expensive and a majority of them are confused on what their insurance pays for especially with a lot of bills around Obamacare and Trumpcare. The context is what that gives any tale based on numbers a good narrative.
Happens more often that what we think. Most of our decisions are predictably sub-conscious and companies out there take advantage of this. It’s time we learn where our bias leads to wrong decisions and start acknowledging more of it.
The incentives work both ways. Companies that are carrying out space expeditions are advocating benefits of humankind which is the social incentive. While at the same time, they want to colonise mars and capitalise on the things/resources they find in outer space which would make them rich thereby adding to the personal incentive.
The company may have failed but it thrived at the time when other big companies were scraping the surface and most importantly showed American people hope and nurtured creativity; the irony being the lack of the very same thing that it nurtured that made it spiral down.
Hypocrisy and desperation at its height. While the world was moving towards ‘on-demand’, Tinder & other swipe dating apps were the answer to on-demand dating but dating seldom works that ways.
From now on, the distinguishing factor between those who win elections and those who lose them will be how a candidate uses that data to refine their machine learning algorithms and automated engagement tactics. Elections in 2018 and 2020 won’t be a contest of ideas, but a battle of automated behavior change.
With great power comes great responsibility. The parole board is a very important position and it needs oversight for they hold the chance of being able to change someone’s life.
A small but powerful move towards a better schooling for the kids. Entitlement is the biggest source of problem. Entitlement can lead to different behaviours - Bullying, Feeling lonely, distant etc. Identifying and changing these behaviours at an early age is of utmost importance. Lack of active participation by the teachers is the single most biggest problem in our education system these days.
Reading is an art form that everyone needs to cultivate. It has numerous benefits
Badging is a nuisance. The volume of junk around us has increased significantly that notification free life is peaceful. It’s time for phones are designed to cater to that.
Facts presented in different way and different order leads to drastically different perspectives. We always have assume the superior role when it comes to critical reasoning or arguments often failing to understand the alternative. An open mind with a strong adoption of appropriate mental models can take us closer to looking at the world in an objective manner.
Drucker lays it down well. In essence preaching the ABCs of Stoicism. Time is the most important asset that’s truly ours and it’s upto us on how use that. Purposeful abandonment is important in order to use it well.
The wars are being fought on the cloud as enterprises are running behind the adoption. IBM’s business model is doing wonders with a bundled PaaS, SaaS and consulting services. Constant experimentation and innovation is the key in this space and Google being an incumbent with huge capital to invest can be a game changer.
Problem solving and fire fighting has become an integral part of everyone’s life these days. It’s important to understand what is controllable and spend efforts and energy on just that.
While the obsession with data has lead to quantification of the learning outcomes, these tests/surveys miss the context. Tracking learning outcomes has become a cosmetic measure for the schools to appear good. The learning outcomes must be altered so that it takes into account the context of who the students are - their social-economic background, their access to opportunities etc. Only then can the behaviour of learning lead to the outcomes that is expected.
It’s a vicious circle. Population ageing -> Increased automation and adoption of AI -> Economic Inequality-> Adopters of AI and Automation reaping the benefits -> People out of jobs -> Economic Inequality.
Looking at the gun control from a doctor’s perspective. This is just devastating. While we are hoping for reduced gun ownership, Trump is aiming to put more guns out there with an absurd idea of arming the teachers. Gun control in United States is a public health issue.
The future of the world is in understanding science and irrational behaviours. Countries around the world must rely on R&D for humanity to make great strides. Having said that it’s also important to understand and differentiate guided research and serendipity.
A good article on the alarming effects of climate change and how sophisticated techniques from attribution science has helped establish causal links between the fossil fuel producing companies and the repercussions. However, this is still being looked at as a zero sum game. Initially these companies are going to protest but in the end pay up some company to reduce the negative sentiments. With the repercussions rising at an alarming rate, there is no talk about improvements or sustainability. Exploiting the natural resources to make trillions to only pay couple of million as penalty is a slap on the wrist. Rather these investments ought to be spent on research for tackling climate change.
IKEA is a good example of how quick and smart reactive decisions can be a good turnaround. Creating a company and scaling it is extremely challenging and IKEA has done it good - established a sustaining culture. Not a typical text book approach but worthy of a business case study.
Just do it. We spend a lot of time at the idea of the task than the task itself.
Age old. Very intuitive and yet we don’t end up following these fixes.
This is one of the most open ended debate one can find. There has been a lot of talk about resource constraints on our planet but time and again it has been shown that we have tackled it with wildest of discoveries for which a lot of money was spent on research. But there is nothing wrong with a fall back plan and Musk’s wildest dream is getting us inches close to that. While it’s a moral question on whether we are wasting money on space explorations, the world’s resources ought to be split so that we tackle the problems here and at the same time research on our fall back options. It’s time we get that maturity and capability considering we have a lot of tools at our disposal to get to that stage with ease.