Sustaining industry averages and benchmarks are the antithesis of innovation and a great way to ensure average performance. Doing whatever everyone else is doing is a “paving the cow path" management mentality, lacking aspirational goals which are critical for organizations to fuel innovation and create customer and market differentiation. Which brings me to why I teach.
As my students and I work through their “Thinking Like a Data Scientist” exercises together, I always learn…Continue
Added by Bill Schmarzo on November 30, 2019 at 12:00pm — No Comments
“If you buy a Tesla today, I believe you're buying an appreciating asset, not a depreciating asset.” – Elon Musk
Think about that statement for a second…you’re buying an appreciating asset, not a depreciating asset. And what is driving the appreciation of that asset? It’s likely courtesy of Tesla’s FSD (Full Self-Driving) Deep…Continue
Added by Bill Schmarzo on November 23, 2019 at 6:42pm — No Comments
There, I said it. I said the “R” word. And no, I’m not talking the political “R” word. I’m talking about the potential of a… r-e-c-e-s-s-i-o-n. There are many indicators pointing to the potential of a worldwide recession, and unfortunately during a recession, many organizations hunker down, cut spending, and try to ride it out – all the wrong things to do if you want to actually avoid a recession.…Continue
Added by Bill Schmarzo on November 14, 2019 at 6:10am — No Comments
One of the biggest threats to our world economy (outside of climate change, social inequality, unregulated proliferation of weapons and the rise of Terminators), is the retirement of the technician and engineering expertise that is necessary to keep our factories, hospitals, cities, trains, airports and other operational entities running effectively. Deloitte’s 2018 skills gap in manufacturing study found that the skills gap may leave an estimated 2.4 million positions unfilled…Continue
Added by Bill Schmarzo on November 11, 2019 at 2:30pm — No Comments
I continue to be infatuated with the potential of autonomous entities that self-monitor, self-diagnose, self-fix and self-learn without human intervention. The vision of leveraging new digital technologies, growing reams of customer, product and operational data, and advanced analytics to create autonomous entities – farms, oil fields, factories, airports, theme parks, vehicles, ships, trains, etc. – seems like science fiction.
Fortunately, the “3 Horizons of…Continue
Added by Bill Schmarzo on November 4, 2019 at 9:03am — No Comments
In the early 2000’s, IBM Deep Blue was on the lookout for its next Grand Challenge. It had achieved an exhilarating win over chess grand master Garry Kasparov in 1997. But that was a game with deterministic outcomes where superior processing power gave Deep Blue a significant advantage over even a human grand champion. IBM needed a challenge commiserate with its Artificial Intelligence aspirations, and the wildly popular TV game show…Continue
Added by Bill Schmarzo on October 26, 2019 at 2:17am — No Comments
There seem to be countless articles projecting the incredible economic and social growth that will be driven by AI. For example, PwC predicts that AI technologies and applications will increase global GDP by up to 14% between now and 2030 (see Figure 1).
Added by Bill Schmarzo on October 21, 2019 at 4:41am — No Comments