How to Implement AI — Responsibly
Harvard Business
MAY 10, 2024
Researchers engaged with organizations across a variety of industries, each at a different stage of implementing responsible AI.
Industry Information Technology Productivity 
A Study of 16 Countries Shows That the Most Productive Firms (and Their Employees) Are Pulling Away from Everyone Else
Harvard Business
JULY 13, 2017
The corporate landscape has become increasingly unequal, with the most productive firms thriving and the least productive ones failing to keep up. And second, we are able to link it to firms’ productivity and several measures of labor market policies. The Most Productive Firms Are Pulling Ahead, Across Industries.
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Apple’s Pact with 13 Health Care Systems Might Actually Disrupt the Industry
Harvard Business
MARCH 23, 2018
Of note, the federal government now requires all vendors of electronic records to include these open APIs in their products to be federally certified. Think of APIs as gateways into electronic data warehouses that now populate the health care landscape. The partnership and its results will not solve all our health care problems.
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Why Are We Still Classifying Companies by Industry?
Harvard Business
AUGUST 18, 2016
For more than 60 years, investors, analysts, business leaders, and even governments, have classified companies based on industries. Industry walls are disintegrating at a rapid pace. They have expanded far beyond the “Information Technology” tag attached to them by GICS. It’s not an industry in itself.
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How Smaller Manufacturers Can Upgrade Their Tech
Harvard Business
SEPTEMBER 21, 2023
The reasons include pressures on OEMs to build more resilient supply chains and to regionalize production and the falling cost and increasing ease of use of new technologies. This article describes six steps that SMEs can take to adopt these technologies.
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How Cloud Computing Is Changing Management
Harvard Business
FEBRUARY 8, 2018
That makes it imperative to start thinking about how management will be changed by the most impactful information technology of our time: cloud computing. BPM reflected the interactions of different stakeholders, from product creation through supply chain to final assembly. How it effects product design and customer experience.
Can AI Address Health Care’s Red-Tape Problem?
Harvard Business
NOVEMBER 5, 2018
Productivity in the United States’ health care industry is declining — and has been ever since World War II. Labor is the industry’s single largest operating expense, with six out of every 10 people who work in health care never interacting with patients. Westend61/Getty Images. Automated Fraud Detection.
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Paying Skilled Workers More Would Create More Skilled Workers
Harvard Business
MAY 19, 2016
Nevertheless, few would argue that information technology permanently increased unemployment. data on job finding and filling rates, wages , and profits across states and industries since 1979, we measured the contribution of each of these three reasons on mismatch unemployment.
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Top 10 Consulting Firms In New York
Management Consulted
FEBRUARY 5, 2017
In the New York office, the industries McKinsey caters to are financial services, health care services, advanced electronics, aerospace and defense, and TMT (technology, media and telecommunications). Bainies in NYC work to support their clients on nearly every industry and across all ranges.
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What is consulting?
Tom Spencer
FEBRUARY 1, 2020
Some people also call consulting a ‘talk-job’ – you go to the clients, you talk about what the ideal world scenario would be for a particular project, product or market, and your billable hours are sorted. Sales, Marketing, Production) and secondary functions (e.g. Finance, HR, Supply Chain, ICT, Legal). Conclusion.
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Impact of Data Analytics in Consulting
Tom Spencer
APRIL 6, 2019
The words “big data” have become a “buzzword” in the business industry. It is a concept that revolutionised old-school industries, gave birth to a new industry, and made improvements to businesses regardless of their size. Tailoring products to individual needs: Big data allows an organisation to narrowly segment customers.
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How the Water Industry Learned to Embrace Data
Harvard Business
MARCH 27, 2017
The water industry is using digital technologies and analytics to derive more value from its physical assets. But it was new customer-facing processes such as setting repair-cycle targets and comparing performance-against-goal by region, which created a healthy sense of internal competition and led to more productive behaviors.
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Limit Cyberattacks with a System-Wide Safe Mode
Harvard Business
MAY 17, 2017
As a result, when companies are hacked, it can take days for information technology teams to isolate infected systems, remove malicious code, and restore business continuity. But they continue to operate and communicate with other systems until information technology teams shut them down and correct the malfunction.
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Good Management Predicts a Firm’s Success Better Than IT, R&D, or Even Employee Skills
Harvard Business
APRIL 19, 2017
As Chad Syverson at the University of Chicago wryly noted in his 2011 round-up of the evidence on what drives productivity : “…no potential driver of productivity differences has seen a higher ratio of speculation to actual empirical study” than management. Management techniques explained 18% of that difference.
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132 Digital Transformation Is Racing Ahead and No Industry Is Immune - SPONSOR CONTENT FROM DXC TECHNOLOGY
Harvard Business
JULY 19, 2017
Dealing with today’s digital disruption begins by understanding how it differs from past industry changes. After all, stories of the end of our industry as we know it have been a trade press staple for decades. No industry is immune. A few key elements distinguish this era of change from the past.
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71 The Promise of Blockchain Is a World Without Middlemen
Harvard Business
MARCH 6, 2017
Let’s start by examining the potential effects of this on an industry that touches all of our lives – banking. The banking industry is filled with shared resources. But if the cost of carrying a new product was tiny, a much larger number of small manufacturers might be included in the value network.
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AI Adds a New Layer to Cyber Risk
Harvard Business
APRIL 13, 2017
Cognitive computing and artificial intelligence (AI) are spawning what many are calling a new type of industrial revolution. While both technologies refer to the same process, there is a slight nuance to each. How it will impact business, industry, and society. Cognitive and AI technologies are a certainty of our future.
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Brews, News and Booz & Company: Interview and Culture Insights
Management Consulted
AUGUST 28, 2013
You created not just a firm, but an industry we are all now proud of. Surely it was the largest when it was the only one, but they kept the lead after creating an idea so great that competitors formed to add unique flavor to the industry. Product and Service Innovation. Information Technology. Consumer Products.
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Personalized Recommendation Engines Are Coming to Health Care
Harvard Business
JULY 6, 2016
In the past decade, consumers have shifted from worrying about sharing personal financial information when shopping on the internet to embracing online retailers’ recommendations for them. For example, digital technology company Omada Health helps individuals lose weight and prevent diabetes through online behavioral counseling.
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Business Ecosystems: Building Stronger Connections
Tom Spencer
SEPTEMBER 15, 2023
Apple’s and Amazon’s product lines are showcase examples of how to build a business ecosystem. In short, it means that companies are expanding beyond their traditional core products in order to increase opportunities for cross-selling and to boost customer ownership. Not likely.
Our Physical World Has Changed: Augmented Reality in Tourism
Tom Spencer
OCTOBER 3, 2020
Flat screen devices that render two-dimensional data for use in a three-dimensional world can be used to increase a user’s access to information and analytics. We are now seeing augmented reality being deployed by industry. Boeing has adopted AR and seen increased productivity and quality in their training process.
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Management Consulting Salary Guide for 2019
CaseInterview.com
MARCH 5, 2019
Washington grads from Olin also earn an average of $58,000 when they enter the industry. The competitive pay of new recruits stems from their ability to present information, knowledge, and advice because management consults essentially sell information and advice to clients. Information Technology Consulting.
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Why Process Is U.S. Health Care’s Biggest Problem
Harvard Business
MARCH 19, 2018
A lot of money has been spent on information technology in health care with little to show for it. Industrial companies figured this out 50 years ago. They use proven improvement methods such as the principles, systems, and tools of the Toyota Production System (TPS). ilbusca/Getty Images. This thinking is not new.
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126 The Real Reason Superstar Firms Are Pulling Ahead
Harvard Business
OCTOBER 5, 2017
Across industries and across countries, a small number of “superstar” firms are pulling away from the competition. They’re more productive, as the chart below illustrates. One answer to that first question shows up in study after study: superstar firms are succeeding in large part due to information technology.
6 Reasons Salespeople Win or Lose a Sale
Harvard Business
JUNE 23, 2017
There’s a tendency to assume that the salesperson lost because their product was inferior in some way. However, in the majority of interviews buyers rank all the feature sets of the competing products as being roughly equal. In most industries a single company controls the market. 3: Market Leaders Have an Edge.
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71 List of strategy consulting firms in Hong Kong
Tom Spencer
SEPTEMBER 29, 2011
A&M is an independent global professional services firm which provides leadership, problem-solving and value-creation services to companies across the industry spectrum. IMS is the leading provider of information services for the healthcare industry. Founded in 1983, A&M operates in 38 cities worldwide. Oliver Wyman.
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Why Law Firms Need IT Policies
Kraft Kennedy
DECEMBER 19, 2023
Is it acceptable to use your family computer to access your firm’s work product? The answers to these and hundreds of other questions should be documented and considered integra l to the operations of all organizations, especially in industries where work product and client data are highly sensitive, and highly valuable.
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Types of Consulting
Tom Spencer
MARCH 13, 2016
Strategy consultants work with the CEO and senior management to address strategic problems including declining profitability, growth strategy, market entry, product development, or responding to a competitive threat. For more information on the management consulting industry, download our “ Guide to Management Consulting “ ].
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60 Some Companies Are Banning Email and Getting More Done
Harvard Business
JUNE 8, 2016
In fact, that exact conclusion is one that Thierry Breton, CEO of the France-based information technology services firm Atos Origin, arrived at several years ago. So, he took steps to eliminate what he believed were negative effects on company productivity. In February 2011, Breton announced that he was banning email. .
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The Consulting Value Proposition
Tom Spencer
DECEMBER 2, 2017
The benefit of bringing in specialist consultants is that they are likely to have experience solving similar problems and an understanding of industry best practice. Restructuring is a niche service which requires specialized knowledge and industry experience. Turnarounds. Catalyst for Change. Image: Pexels.
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Who Killed the GE Model?
Harvard Business
JULY 5, 2018
The GE conglomerate combined a wide range of industrial businesses under one roof. Simplifying a bit, the chief explanations were these: First, that GE benefited from scale and dominant market positions in industrial businesses. Silicon Valley and the rise of information technology.
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Bank Profitability: Decoding the Income Statement
Tom Spencer
OCTOBER 6, 2023
Bank’s Income Statement It’s important to note that banks have diverse product offerings and client types, and the reporting of business lines such as retail banking, wholesale banking, and wealth management can vary between different banks. For the sake of simplicity, we will present the information in a consolidated manner.
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Best IT Development Podcasts 2019 for consultants
QEmploy
JUNE 10, 2019
Information Technology represents one of the fastest growing industries and it’s essential in today’s society. Be it smartphones, laptops, tablets, social media networks or virtual businesses, they are all dependent on developing software and technologies. It’s a lighthearted podcast focused on data networking technology.
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75 What the Companies on the Right Side of the Digital Business Divide Have in Common
Harvard Business
JANUARY 31, 2017
billion, including most major firms in the manufacturing, consumer packaged goods, financial services, and retail industries. Within the core business, digital technologies are fundamentally changing the way Honeywell creates and captures value for its industrial customers through new efficiencies and services that unlock new value.
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70 Has the MBA become Redundant for a Career in Consulting?
Tom Spencer
FEBRUARY 16, 2019
Their advice is always the same, for them their other degrees showed firms that they have an inquisitive mind that can solve problems with the utmost productivity. Most firms hire in batches and relying on a core group of schools enables a consistent flow of talent” ( “Here’s How to Break Into the Management Consulting Industry,” 2016 ).
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The Secret History of Agile Innovation
Harvard Business
APRIL 20, 2016
A more reasonable starting point might be the 1930s, when the physicist and statistician Walter Shewhart of Bell Labs began applying Plan-Do-Study-Act (PDSA) cycles to the improvement of products and processes. So he began by learning everything he could about maximizing organizational productivity.
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Why So Many High-Profile Digital Transformations Fail
Harvard Business
MARCH 9, 2018
In 2011, GE embarked upon an ambitious attempt to digitally transform its product and service offerings. These companies spent millions to develop digital products, infrastructures, and brand accompaniments, and got tremendous media and investor attention, only to encounter significant performance challenges, and often shareholder dissent.
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Why Some of the Most Groundbreaking Technologies Are a Bad Fit for the Silicon Valley Funding Model
Harvard Business
APRIL 5, 2018
The Silicon Valley model, for all of its charms, was developed at a specific time, for a specific industry, which was developing a specific set of technologies. While it can offer valuable lessons for other industries and other problems, the model is not universally applicable. This is a dangerous mindset.
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70 Is Your Company Adapting Fast Enough to Thrive in an Increasingly Digital World? - SPONSOR CONTENT FROM DXC TECHNOLOGY
Harvard Business
OCTOBER 3, 2017
Three-quarters of these executives – from primarily large organizations in financial services, manufacturing, technology, healthcare, retail, and many other industries – say their organizations will require substantial or extensive change to become even more digital. Over a third (39 percent) are moderately digital.
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Why Financial Statements Don’t Work for Digital Companies
Harvard Business
FEBRUARY 26, 2018
In contrast, industrial giant GE’s stock price has declined by 44 % over the last year, as news emerged about its first losses in last 50 years. Why do investors react negatively to financial statement losses for an industrial firm but disregard such losses for a digital firm?
Financial 71
71 Innovative Companies Get Their Best Ideas from Academic Research — Here’s How They Do It
Harvard Business
APRIL 19, 2016
In virtually every advanced field, whether it’s information technology, biotechnology, agriculture, or renewable energy, America holds a leading position. So for companies looking to create revolutionary products, identifying and accessing cutting edge, exploratory research is a key competitive advantage.
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70 Success with the Internet of Things Requires More Than Chasing the Cool Factor
Harvard Business
AUGUST 7, 2017
This collaborative approach is no longer optional: No single company, deploying only its own products or services, can capture IoT’s value by itself, and certainly not with the speed required in today’s digital market. Sponsored by DXC Technology. Insight Center. Crossing the Digital Divide. The reason?
ROI 71
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Big Data: An Opportunity for Data Scientists & Data Analysts
Tom Spencer
NOVEMBER 25, 2022
Data analysts often work closely with key business functions including marketing , product development, information technology, finance, and management to identify consumer trends, anticipate issues, and present evidence-based solutions to support strategic decision-making. Required Skills.
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Your Company’s Energy Data Is an Untapped Resource
Harvard Business
SEPTEMBER 12, 2014
There are over five million commercial and industrial facilities in the U.S. Energy Information Administration, with a combined annual energy cost of over $200 billion. And of course, few such managers have a background in information technology. Cost Savings. alone, according to the US. Take lighting, for example.
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