Many people - and especially pundits - are predicting significant productivity gains from the use of AI (Artificial Intelligence). However few will say exactly how this transformation will happen. My view is that gains will come in all sorts of places that we do not yet know about - as adopters realise just what AI can
Some people praise the potential of AI (Artificial Intelligence). Some are scared by it. Who is right? All of them. We know that all new technologies tend to be misused by unscrupulous and unprincipled actors. The nature of AI technology makes this potential very high. Yet, AI also does have great potential to assist us in
Lots of countries that expanded their productivity through the 1980s and 1990s have slowed to a crawl. Their 'growth engines' seem to have disappeared or been dismantled. COVID-19 may have been the final nail in the coffin (or the puncture in the tyre). Many of these companies are still trying to restart their engines -
I remember once walking past an office and the staff in there were obviously enjoying themselves. They were laughing - at what, I know not. My first thought was ‘How odd. Shouldn’t they be taking their work more seriously? We pay them to work, not to play. “ But, of course, first thoughts are quite often wrong thoughts. This
If it aint broke, don’t fix it. That’s a useful slogan in some circumstances - but not in business. If you expect the status quo to deliver success, you are likely to be disappointed - or you are in some sort of niche situation or industry. If you aim to maintain the status quo, you
Many business leaders think technology can give them a productivity boost. They may well be right. Addressed properly, changes in technology can transform processes and make them more efficient. However,. the gains are not easy to unlock - and they certainly take time. There may even be a temporary drop in productivity while new technology or a
Focus! Focus! Focus! That’s the advice we are given. If we focus, we can perform, we can achieve. But as with all such exhortations, such simplistic advice, such trite sayings, there is another side to examine. Those who don;t focus all the time, who don’t keep their mind fixed on the way ahead, on the goal,
Story-telling is becoming recognised as a very effective means of communication. People react better to an interesting narrative than to a boring set of facts or exhortations. So, telling people your vision, and what you expect them to do to support it, is largely a waste of time. But tell them a story set in
Some organisations concentrate almost exclusively on the numbers, on pushing sales, on improving efficiency and productivity. It is good to do this but sometimes those organisations forget the passion. What drove the business at the start was the passion and belief of the entrepreneurs who started the business.. That passion needs to continue, to underly
Many companies are looking to improve manufacturing productivity by improving the efficiency of their various machines and other manufacturing facilities - by, in turn, improving their data driven management … monitoring the performance of those facilities in real-time. Connecting and analysing all that data is a big challenge. What we need are standards and