Articles in Category: Innovation

Amazon Commits to an AI-Enabled Future through Amazon Web Services

06 November 2018

Amazon Commits to an AI-Enabled Future through Amazon Web Services
Prebuilt AI APIs are important tools for cloud platforms to attract and retain customers. Amazon's evolving AI cloud tools will drive the delivery of new use cases for their customers.

In early 2014, Srikanth Thirumalai met with Amazon CEO Jeff Bezos. Thirumalai, a computer scientist who’d left IBM in 2005 to head Amazon’s recommendations team, had come to propose a new plan for incorporating the latest advances in artificial intelligence into his division. Amazon’s product recommendations had been built around AI since the company’s very early days,. Amazon also applied AI in its shipping schedules and the robots moving around product in their warehouses.

Debunking the Artificial Intelligence SkyNet Fallacies

27 October 2018

Debunking the Artificial Intelligence SkyNet Fallacies
By the end of the century, AI will touch and remake everything in our lives.

There is a fear among many people that AI Systems will become so much smarter than humans, take all of our jobs, and humans may even lose their dominance at the top of the food chain.

Their worry seems to originate from experts who are asking themselves the same question— e.g. Elon Musk, Max Tegmark, Sam Harris, and Bill Gates.

Underlying the scenario of an AI world takeover are five misconceptions that are not based in evidence.

Comparing Facebook, Microsoft, Amazon, and Google chatbots to get a read of where the industry is heading

27 September 2018

Comparing Facebook, Microsoft, Amazon, and Google chatbots to get a read of where the industry is heading
Amazon’s AI philosophy is to make it easier for non-machine-learning experts to apply AI to solve business problems quickly and affordably.

Siri and Alexa have now become household names in North America, Xiaoice has become a digital friend to million Chinese, and the term “chatbot” has been an overused buzzword for more than two years.

I'll take ca closer look at the chatbot roadmaps of Microsoft, Google, Facebook, and Amazon to explore following questions: 

  • What are the potential business implications of conversational interfaces or “chatbots”?
  • What are the biggest announcements and initiatives of the “big 4” for conversational interfaces?
  • What does the state of the chatbot world today mean for business leaders across industries?
  • Why are these companies betting on this emerging technology?

Innovation through Team Cuture Change Management Strategies

24 August 2018

Innovation through Team Cuture Change Management Strategies
What cultural environment do team's need to thrive?

There is also widespread agreement about the cultural attributes that inhibit innovation.

  • A bureaucratic, hierarchical, and fearful environment limits creativity and innovation.
  • Such cultures often starve innovation of resources and use incentives intended to promote short-term performance and an intolerance of failure.

Recent research shows that innovation within organization still faces an uphill battle.

  • Only 28 percent of the senior executives in the survey said that they are more likely to focus on the risks of innovation than on the opportunities, but only 38 percent said that they actively learn from innovation failures and encourage the organization to do so as well.
  • Even more alarmingly, only 23 percent of the employees believe that their organizations encourage them to learn from failure.

Global Banking Outlook 2017 (Ernst & Young Global Research, 2017)

04 October 2017

Global Banking Outlook 2017 (Ernst & Young Global Research, 2017)
Uncertainty is no excuse for inaction. The report recommends that banks should take steps to  “keep customers safe” and “make things better for their customers.”

The 2017 Ernst & Young Global Research Banking Outlook Survey of senior executives at almost 300 banks across the globe, indicates that risk and regulation will continue to dominate management’s agenda over the next 12 months.

Leading banks are looking beyond compliance to optimize their businesses and improve financial performance.

The Characteristics That Separate Banking Leaders from Banking Laggards

02 October 2017

The Characteristics That Separate Banking Leaders from Banking Laggards
Business executives will need to work with IT more closely than ever before, supporting technology.

Bain Research believes this problem is larger than IT; it is a strategic business challenge as well as a great opportunity. Technology executives now have a platform and an environment in which company leadership is keen to listen and support IT initiatives.

Business executives will need to work with IT more closely than ever before, supporting technology recommendations and gaining a clear understanding of the challenges and opportunities that technology affords.

Working together, they can move quickly to bring their banks, insurance companies and other financial institutions forward into the rapidly evolving digital age.

Maintaining the tricky balance between outsourced and in-house

02 June 2017

Maintaining the tricky balance between outsourced and in-house
Worley Parsons CIO Brian Adams was halfway through a process of sending commodity IT services to an external provider, and the resources contractor struggles to keep up with a downturn in the market.

He revealed a simple test he uses to decide what goes out and what stays in: “The basic premise I work with is to ask ‘are we bringing additional value to our shareholders and to our bottom line by doing this ourselves’? And if the answer to the question is yes, it is something we should be doing. If the answer is no then we have got to be looking at alternative ways of doing it.”

Organization's are Making Innovation Everyone’s Job but Who Does the Training?

12 September 2016

Organization's are Making Innovation Everyone’s Job but Who Does the Training?
The organization’s innovation champions and evangelists are becoming innovation educators and trainers.

There is a growing realization that organizations have to get the people who actually do the work to innovate. The innovation agenda is now as much about human capital investment as delivering new products and services. Now that innovation is everyone’s job, who owns job training?

Canadians Moving Quickly to Online Shopping as Online Retailers Innovate and Disrupt

12 May 2015

Canadians Moving Quickly to Online Shopping as Online Retailers Innovate and Disrupt
Canadians Moving Quickly to Online Shopping. Canada Post research finds Canadians are vey quickly converting from retail shopping to online shopping.

Canada Post research finds Canadians are vey quickly converting from retail shopping to online shopping.

New data from Canada Post to be presented in May 2015 found that about 76 per cent of Canadian households shopped online in 2014.