How ‘big data’ is transforming business — from McKinseyQuarterly.com

Excerpt:

Right now at your own company, it’s quite possible that sensors in process machinery are collecting operational data, marketers are using location data from smartphones to demystify teenagers’ buying quirks, and data exchanges are creating networks with your supply chain partners. As an explosion of data transforms processes, corporate ecosystems, and approaches to innovation, it’s important to remember that new technologies and tools raise productivity not only because companies adopt them but also, more critically, because they enable new management practices and organizational structures. So in this month’s newsletter, we highlight a package of articles that can help executives navigate the era of big data.

 

IBM sends Watson supercomputer to business school – from wired.com by Eric Smalley

 

IBM's Watson takes on Harvard and MIT students.

Excerpt:

There have been four waves of technological innovation that disrupted the labor market over the last two and a half centuries starting with the Industrial Revolution, and we’re beginning the fifth, said IBM Chief Economist Martin Fleming. “We’re now beginning to enter into, in my view, a period where the economy is beginning to open up opportunities for the deployment of very significant innovation … We’re going to see many new industries get created, radical new technologies being deployed, but being deployed in the context of new business models,” he said.

“This will have significant implications from an income and income distribution point of view.”

The MIT economists generally agree that we’re at the beginning of a technology-driven shift in the economy and ultimately the labor market will adjust. But no one had any good news for workers in the middle of economy during the transition. “The future is already here in many ways, in terms of what technology can do,” Brynjolfsson said. “But right now the benefits are not very evenly distributed.”

Khan Academy expands to Art History, Sal Khan no longer its only faculty member — from hackeducation.com by Audrey Watters

 

Also see:

SingularitySummit.com — conference website

Excerpt:

The Singularity Summit is the premier dialog on the Singularity. The first Singularity Summit was held at Stanford in 2006 to further understanding and discussion about the Singularity concept and the future of human technological progress. It was founded as a venue for leading thinkers to explore the subject, whether scientist, enthusiast, or skeptic. The goal of the Summit is to improve people’s thinking about the future and increasing public awareness of radical technologies under development today and of the transformative implications of such technologies understood as part of a larger process.

Singularity Summit 2011 — from the nextbigfuture.com

Singularity Summit 2011 videos — from the nextbigfuture.com

What you missed at Singularity Summit 2011 — from technoverseblog.com

Excerpt:

  • David Brin (scientist and sci-fi novelist)
  • Ray Kurzweil (inventor, restless genius, and author of The Singularity is Near)
  • Stephen Wolfram (physicist, developer of Mathematica and Wolfram Alpha, genius)
  • Dimitry Itskov (founder of Russia 2045)
  • Michael Shermer (contrarian and founder of Skeptic magazine)
  • Riley “Red Balloons” Crane (post doctoral fellow at MIT Media Lab and winner of DARPA’s balloon challenge)
  • Sharon Bertsch McGrayne (writer, author of “The Theory That Wound not Die”)
  • Tyler Cowen (economist, George Mason University)
  • Jaan Tallinn (founder of Skype)
  • Ken Jennings (Jeopardy champion and loser to Watson)
  • Dan Cerutti (IBM executive charged with marketing Watson)

 

Addendum on 10/20/11:

Apple University will train executives to think like Steve Jobs — from good.is by Liz Dwyer

Excerpt:

If you want to honor Steve Jobs’ life by following in his entrepreneurial footsteps, forget heading to business school. The Los Angeles Times reports that an Apple team has been working on a top-secret project to create an executive training program called Apple University. The goal? To train people to think like Steve Jobs.

Apple refused to comment on the existence of Apple University, but the Times says that in 2008, Jobs “personally recruited” Joel Podolny, the dean of Yale Business School, to “help Apple internalize the thoughts of its visionary founder to prepare for the day when he’s not around anymore.” Apple analyst Tim Bajarin told the Times that, “it became pretty clear that Apple needed a set of educational materials so that Apple employees could learn to think and make decisions as if they were Steve Jobs.” Though the curriculum is still under wraps, Jobs himself oversaw the creation of the “university-caliber courses.” (emphasis DSC)

 Also see:

 

Steve Jobs’ virtual DNA to be fostered in Apple University:  To survive its late founder, Apple and Steve Jobs planned a training program in which company executives will be taught to think like him, in “a forum to impart that DNA to future generations.” Key to this effort is Joel Podolny, former Yale Business School dean.
Photo: Steve Jobs helped plan Apple University — an executive training program to help Apple carry on without him. Credit: Michael Robinson Chavez / Los Angeles Times

Steve Jobs helped plan Apple University — an executive training program to help
Apple carry on without him. (Michael Robinson Chavez / Los Angeles Times / October 6, 2011)

From DSC:
If Apple were to choose to disrupt higher education, several other pieces of the puzzle have already been built and/or continue to be enhanced:

  • Siri — a serious start towards the use of intelligent agents / intelligent tutoring
  • An infrastructure to support 24x7x365 access and synchronization of content/assignments/files to a student’s various devices — via iCloud (available today via iTunes 10.5)
  • iTunes U already has millions of downloads and contains content from some of the world’s top universities
  • The internal expertise and teams to create incredibly-rich, interactive, multimedia-based, personalized, customized educational content
  • Students — like employees in the workplace — are looking for information/training/learning on demand — when they need it and on whatever device they need it
  • Apple — or other 3rd parties — could assist publishers in creating cloud-based apps (formerly called textbooks) to download to students’/professors’ devices as well as to the Chalkboards of the Future
  • The iPad continues to be implemented in a variety of education settings, allowing for some seriously interactive, mobile-based learning

 

 

 

 

At the least, I might be losing a bit more sleep if I were heading up an MBA program or a business school…

 

From DSC: Expectations, today, are getting hard to beat

Since Apple’s event yesterday, I’ve heard some conversations on the radio and reviewed several blog postings and articles about Apple’s announcements…many with a sense of let down (and some with the usual critical viewpoints by the backseat drivers out there who have never tried to invent anything, but who sure like to find fault with everyone else’s inventions and innovations).

It made me reflect on how high our expectations are becoming these days!  It wasn’t enough that iCloud is coming on 10/12 (and who knows the directions that will take society in). It wasn’t enough to introduce some serious software-based innovations such as Siri (which bring some significant advancements in the world of artificial intelligence) or AirPlay for the iPhone.  It wasn’t enough to enter into the multi-billion dollar card industry with their new Cards app for the iPhone.  Wow…tough crowd.

What might these announcements — and expectations — mean for education? 
Well…I can see intelligent tutoring, intelligent agents, machine-to-machine communications, the continued growth of mobile learning, learning from the living room, the initiation of programs/events caused by changes in one’s location, continued convergence of the television/computer/telephone, continued use of videoconferencing on handheld devices, cloud-based textbooks/apps, and more.


 

Siri on the iPhone 4S -- October 4, 2011

 

 

 

The University of Wherever — from The New York Times by Bill Keller

Excerpt:

The traditional university, in his view, serves a fortunate few, inefficiently, with a business model built on exclusivity. “I’m not at all against the on-campus experience,” he said. “I love it. It’s great. It has a lot of things which cannot be replaced by anything online. But it’s also insanely uneconomical.”

Disrupt is right. It would be an earthquake for the majority of colleges that depend on tuition income rather than big endowments and research grants. Many could go the way of local newspapers. There would be huge audiences and paychecks for superstar teachers, but dimmer prospects for those who are less charismatic.

Robot financial workers to replace human traders, report says — from innovationnewsdaily.com by Jeremy Hsu

Excerpt:

Human financial traders complicit in precipitating the Great Recession may soon find themselves as unemployable as many others, put out of work by robots as if they were factory workers or stevedores.

Of course, like the human world of high finance, the new world of robot financial trading comes with some risks. Better self-regulation is needed to prevent short-sighted, computer-driven market swings such as the “Flash Crash” of May 6, 2010, that wiped out $800 billion on the U.S. equity market in five minutes, and then recovered most of the loss within 30 minutes. Disturbingly, the report found very few studies that examine how human and robot traders interact with one another.

The evolution of next-generation trading algorithms that can learn and adapt without human involvement may also make their behavior “very difficult to predict or control,” the report says. That unpredictability would extend to world financial markets dominated by such robot traders.

Still, there is one likely upside for any college graduates and job seekers of today and tomorrow — computer programmers who can develop such algorithms will certainly remain in high demand.

 

Addendum on 9-13-11:

Yale pushes online frontier — from Yale Daily News by David Burt, Drew Henderson [originally saw this at Ray Schroeder’s blog]

Excerpt:

Three Yale Summer Session professors taught their course material not only to students in New Haven, but also to their classmates thousands of miles away.

For the first time this summer, Yale Summer Session offered three online courses, two of them for Yale credit, in which students watched recorded lectures and joined live discussion sections with their professors and online classmates via video chat. With “uniformly positive” feedback from students and faculty, the University is now looking to expand this summer’s program for next summer, though Yale Summer Session Dean William Whobrey said there are no plans to use the technology during the academic year.

The Floating University

From their website:

Great Big Ideas delivers the key takeaways of an entire undergraduate education. It’s a survey of twelve major fields delivered by their most important thinkers and practitioners. Each lecture explores the key questions in the field, lays out the methods for answering those inquiries and explains why the field matters. It is an effective introduction to thinking differently, and a primer in the diverse modes of problem solving essential for success in the 21st century.

A wide range of subjects are covered including Psychology, Economics, Biomedical Research, Linguistics, History, Political Philosophy, Globalization, Investing and more. Within each topic, we will discuss the most current, innovative ideas in the field, dissect them, and look at how they impact not only the world-at-large, but our own lives as well. How does Demography predict our planet’s future? How is Linguistics a window to understanding the brain? What are the fundamentals of successful Personal Finance and Investing? Each of these lectures will be presented by top experts from top institutions around the country.

Two example lectures:

 

 

From DSC:
I post this not because I believe they have the world’s best educators — they may or may not.  But rather, I post this to:

  1. Provide a great resource for those who love to learn — i.e. lifelong learners
  2. To show another example of the disruption that technologies / the Internet bring to higher education.  Such technologies bring affordable, new models and  learning opportunities into the higher ed landscape in a big way.

 

Also see:

 

 

 

© 2024 | Daniel Christian