IWB Blog
A collection of observations, news and resources on the changing nature of innovation, technology, leadership, and other subjects.
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Category: Future of Work
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Earlier this year, the World Economic Forum (WEF) published “The Future of Jobs Report 2023.” The WEF has been publishing Future of Jobs Reports since 2016 to explore how socio-economic and technology trends are likely to shape the evolution of jobs and skills over the following 5 years. “In 2023, labour-market transformations driven by technological…
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“Worldwide IT spending is projected to total $4.7 trillion in 2023, an increase of 4.3% from 2022,” said Gartner in its July 19 forecast of IT spending. “As CIOs continue to lose the competition for IT talent, they are shifting spending to technologies that enable automation and efficiency to drive growth at scale with fewer…
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Working from home (WFH) has been around for decades. The share of WFH three or more days per week was under 1% in 1980, growing modestly with the rise of the internet to 2.4% in 2010 and 4.0% in 2018. Then came Covid-19, forcing tens of millions around the world to work from home and…
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In June of 2023, McKinsey published “The Economic Potential of Generative AI: The Next Productivity Frontier.” Based on its analysis of 63 business use cases, and estimates of its effect on the productivity of the global workforce, McKinsey’s study projected that generative AI could add an additional $6.1 trillion to $7.9 trillion annually, boosting the…
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“Humans have a good track record of innovation,” wrote Arjun Ramani and Zhengdong Wang in an essay which systematically explains “Why transformative artificial intelligence is really, really hard to achieve.” “The mechanization of agriculture, steam engines, electricity, modern medicine, computers, and the internet — these technologies radically changed the world. Still, the trend growth rate…
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Since the advent of the Industrial Revolution, general purpose technologies (GPTs) have been the defining technologies of their times. Their ability to support a large variety of applications can, over time, radically transform economies, and social institutions. GPTs have great potential from the outset, but realizing their potential takes large tangible and intangible investments and…
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“Quietly but powerfully, projects have displaced operations as the economic engine of our times,” wrote Antonio Nieto-Rodriguez in “The Project Economy Has Arrived,” a December, 2021 article in the Harvard Business Review (HBR). Nieto-Rodriguez is a Fellow and past global chair of the Project Management Institute and the author of the Harvard Business Review Project…
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On July 13 I participated in an online panel on Board Governance: Risks and Opportunities in a Complex World, sponsored by eCornell, Cornell University’s executive education unit. The panel was organized and moderated by LizAnn Eisen, acting professor of the practice at the Cornell Law School, and former corporate partner at Cravath. In addition to…
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In September of 2018, McKinsey published a report on the impact of AI on the world economy. The report’s overriding finding was that AI has the potential to incrementally add 16 percent or up to $15.4 trillion by 2030 to annual global economic output, — an average contribution to productivity growth of about 1.2 percent.…
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“Labor productivity growth has been the engine of US economic power and prosperity since World War II, adding 2.2 percent annually to economic growth and contributing mightily to a 1.7 percent annual gain in real incomes,” said a recent report by the Mckinsey Global Institute, “Rekindling US productivity for a new era.” But since 2005, “US…