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: Management and Leadership
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“The COVID-19 pandemic disrupted labor markets globally during 2020,” said a February 2021 McKinsey report on “The future of work after COVID-19.” “The short-term consequences were sudden and often severe: Millions of people were furloughed or lost jobs, and others rapidly adjusted to working from home as offices closed. Many other workers were deemed essential…
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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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“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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“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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“Machine learning has an AI problem,” wrote author Eric Siegel in a recent Harvard Business Review (HBR) article, “The AI Hype Cycle is Distracting Companies.” “With new breathtaking capabilities from generative AI released every several months — and AI hype escalating at an even higher rate — it’s high time we differentiate most of today’s…
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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…