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Is Your Organization Digitally Mature?

Leading Blog

Only by fundamentally changing the way the organization works—through flattening hierarchies, speeding up decision making, helping employees develop needed skills, and successfully understanding both opportunities and threats in the environment—can an organization truly adapt to a digital world. Digital Maturity.

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Companies Are Reimagining Business Processes with Algorithms

Harvard Business Review

Computers wouldn’t just speed up processes or automate certain tasks — they could upset nearly all business processes and allow executives to rethink operations from the ground up. Managers noted historical trends and revised processes, and engineers developed code that was then baked into computing systems.

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The Best Digital Companies Are Set Up to Never Stop Innovating

Harvard Business Review

Virtual financial services firms such as Wealthfront and Betterment are siphoning investments from established banks through a great mobile app and a website. Large decreases in costs by eliminating the waste of fully developing features that fail in the market. Operations in a Connected World. Insight Center.

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How to Set Up an AI R&D Lab

Harvard Business Review

So, when the Royal Bank of Canada (RBC) approached me three years ago to help them grow their AI capabilities, this is what I advised: To go beyond data science and do real AI, you need to hire the right people, embrace research, and adapt your culture. Researchers will be familiar with this phenomenon, known as Simpson’s paradox.

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Blockchain Could Make the Insurance Industry Much More Transparent

Harvard Business Review

Rather, they can become early adopters of the technology. While the large banks are at the center of this trust vacuum — with a seemingly steady stream of scandals, such as the recent Wells Fargo account rigging debacle — the erosion of trust is bad for everyone.

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Blockchain Will Transform Customer Loyalty Programs

Harvard Business Review

Travel loyalty programs tend to be complex and multicurrency, making them different from retailers, which typically run simple discount programs, or from banks, which offer cash back or a single currency that can be spent easily across a range of merchants. Early adopters could benefit considerably.

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