Management - Innovation -Technology and beyond
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Innovation and Aristotle’s Ethics ...

Innovation and Aristotle’s Ethics ... | Management - Innovation -Technology and beyond | Scoop.it
Could Aristotle’s framework for ethics offer us insights for how to catalyze innovation? Two concepts from the ancient Greek philosopher seem immediately relevant: the idea of practical action as a means for cultivating character, and the notion of achieving excellence through balance. Each is explored, with examples.
Fouad Bendris's insight:

Balance between excess and deficiency isn’t about dilution – it’s about excellence !

In each case (and countless others), a notion fails when it doesn’t achieve a dynamic balance or practical relevance with real-world customers and stakeholders ...

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Management - Innovation -Technology and beyond
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Why Leaders Who Listen Achieve Breakthroughs

Why Leaders Who Listen Achieve Breakthroughs | Management - Innovation -Technology and beyond | Scoop.it
Two-way dialogue is so powerful for creating breakthroughs that the deliberative democracy movement relies on it for helping citizens in polarized communities break out of gridlock. High-reliability organizing expert Karl Weick discovered that sharing perspectives and experience are important vehicles for the organizational “sensemaking” that reduces the risk of catastrophe. Although many leaders have personally experienced the power of this type of dialogue, few have mastered the art of initiating it. 

The following strategies can help:
- Slow down
- Create a safe space
- Ask inviting questions 
- Listen with a willingness to be influenced
- Use reflection to deepen the learning
- Summarize and ask for commitment 

Fouad Bendris's insight:
True two-way conversation can break the cycle of ineffective communication !
true two-way conversations reflect a more open, balanced, and reciprocal sharing of perspectives. Here, communication is approached as a puzzle or a collage, with each person holding a critical piece. The purpose is not to deliver the perfect message or to win people over, but to explore an issue or opportunity together — pooling observations and data, raising and testing assumptions, and creating new ideas out of the mix ... 
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The death of the internal combustion engine

The death of the internal combustion engine | Management - Innovation -Technology and beyond | Scoop.it

“HUMAN inventiveness…has still not found a mechanical process to replace horses as the propulsion for vehicles,” lamented Le Petit Journal, a French newspaper, in December 1893. Its answer was to organise the Paris-Rouen race for horseless carriages, held the following July. 

The internal combustion engine has had a good run—and could still dominate shipping and aviation for decades to come. But on land electric motors will soon offer freedom and convenience more cheaply and cleanly.

Fouad Bendris's insight:
Autos and autocracies - And then there is oil. Roughly two-thirds of oil consumption in America is on the roads, and a fair amount of the rest uses up the by-products of refining crude oil to make petrol and diesel. The oil industry is divided about when to expect peak demand; Royal Dutch Shell says that it could be little more than a decade away.
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AI and ‘Enormous Data’ Could Make Tech Giants Like Google Harder to Topple

AI and ‘Enormous Data’ Could Make Tech Giants Like Google Harder to Topple | Management - Innovation -Technology and beyond | Scoop.it

A new record-breaking research paper is a reminder that AI could make Google, Facebook, and Amazon more immune to competition.

Google’s new paper, released as a preprint Monday, describes an expensive collaboration with Carnegie Mellon University. Their experiments on image recognition tied up 50 powerful graphics processors for two solid months, and used an unprecedentedly huge collection of 300 million labeled images (much work in image recognition uses a standard collection of just 1 million images). The project was designed to test whether it’s possible to get more accurate image recognition not by tweaking the design of existing algorithms but just by feeding them much, much more data.

Fouad Bendris's insight:
ANOTHER WEEK, ANOTHER record-breaking AI research study released by Google—this time with results that are a reminder of a crucial business dynamic of the current AI boom. The ecosystem of tech companies that consumers and the economy increasingly depend on is traditionally said to be kept innovative and un-monopolistic by disruption, the process whereby smaller companies upend larger ones. But when competition in tech depends on machine learning systems powered by huge stockpiles of data, slaying a tech giant may be harder than ever !
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Computers, tablets, and phones are all going to start using the same connector — here's why ?

Computers, tablets, and phones are all going to start using the same connector — here's why ? | Management - Innovation -Technology and beyond | Scoop.it
In the past, attaching accessories to your phone, table, and especially your computer required a series of different cables. Monitors require a VGA, DVI, DisplayPort, or HDMI cable. Printers require a USB-A to USB-B cable. External hard drives require either a Mini USB or USB 3.0 Micro type B cable. Most Android phones require a standard MicroUSB cable, and, finally, Apple products require Lightning cables. It's a mess, but one we have been dealing with for decades. Thankfully, those days could be behind us thanks to a new connector: USB-C.
Fouad Bendris's insight:
Instead of having a bunch of different cables to connector your computer, phone, or tablet to different accessories, there's going to be a new standard:#USB-C.
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Charting Change for Product Managers and Innovators !

Charting Change for Product Managers and Innovators ! | Management - Innovation -Technology and beyond | Scoop.it
Adding change management tools to our product management toolbox is wise, which is why I interviewed the creator of the Change Planning Toolkit. He also wrote the book, Charting Change: A Visual Toolkit for Making Change Stick. His name is Braden Kelley. In addition to being a speaker and executive trainer, he has helped numerous organizations increase their revenue and cut their costs through the creation of innovative strategies, organizational change, and improved organizational performance. Braden is also the co-founder of Innovation Excellence. 
Thanks to Braden Kelley @innovate 
Fouad Bendris's insight:
As product managers and innovators we are often at the center of change because our work involves creating something new, which itself is change. Further, we need to persuade and influence others to change their perspective and embrace our ideas for building better products. Sometimes the change is small, like a new feature to a product, while others it is large, like acquiring another company.
Braden Kelley @innovate !
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The Neuroscience of Strategic Leadership

The Neuroscience of Strategic Leadership | Management - Innovation -Technology and beyond | Scoop.it
Neuroscientists and psychologists are beginning to learn what happens at moments of choice inside the human mind (the locus of mental activity) and the brain (the physical organ associated with that activity). If you understand these dynamics and how they affect you and those around you, you can set a course toward more effective patterns of thinking and action. You can replicate those beneficial patterns, at a larger scale, in your organization. Over time, this practice can help you take on a quality of strategic leadership: inspiring others, helping organizations transcend their limits, and navigating enterprises toward lofty, beneficial goals.
Fouad Bendris's insight:
Neuroscience research shows how to become a better leader ! 
Have you ever had a difficult executive decision to make? This is the kind of decision where the best options aren’t obvious, the ethics aren’t clear, and the consequences could affect hundreds of people or more. How do you figure out the right thing to do? More importantly, how do you develop the habit of making better decisions, time and time again, even in difficult and uncertain circumstances?
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Holding AI to account: will algorithms ever be free from bias if they're created by humans?

Holding AI to account: will algorithms ever be free from bias if they're created by humans? | Management - Innovation -Technology and beyond | Scoop.it
Life-threatening or not, the algorithms, artificial intelligence and machine learning operating away from public view (Forrester predicts AI investment will grow 300 per cent in 2017) are increasingly being questioned. Technologists, politicians and academics have all called for greater transparency around the systems used by dominant tech firms. The rule of law and universal human rights," need to be baked into the systems of large technology companies. It's even an issue garnering attention at the highest levels, German chancellor Angela Merkel has been the highest office holder to call for less secrecy.
Fouad Bendris's insight:
Algorithms and machine learning are increasingly being used to make more decisions – how should this be approached?
"When algorithms affect human rights, public values or public decision-making we need oversight and transparency"
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10 Principles for Leading the Next Industrial Revolution

10 Principles for Leading the Next Industrial Revolution | Management - Innovation -Technology and beyond | Scoop.it

Tools and techniques to ensure your company will stand out in the new age of digitization.

Establishing Your Strategy

1. Rethink your business model. The business world has become accustomed to disruption. 

2. Build your strategy around platforms. What the value chain was to the old industrial system, the platform is to the new. A platform is a combination of interoperable standards and systems.

3. Design for customers. Because the next industrial revolution is driven by large-scale digital technology, it’s easy to overlook the way it could affect human relationships. The new infrastructure is a web of connections among people: Producers and consumers ... 

4. Raise your technological acumen. No matter what industry you’re in, you live in a programmable world, and software will be key to your competitiveness.

5. Innovate rapidly and openly. Innovation and leadership go hand in hand in the next industrial revolution. Many companies will seek disruptive innovation, but a steady stream of incremental innovations can be more profitable.

6. Learn more from your data. The exponential increase in real-time data — gathered from customers, equipment, and work processes — is giving companies new insights.

7. Adopt innovative financing models. New large-scale technologies inevitably put pressure on the old ways of raising money for them.

8. Focus on purpose, not products. As a leader in the Industrial Internet, you will probably develop a wide range of products and services during any given five-year period, potentially in several sectors.

9. Be trustworthy with data. You already collect a vast amount of data. As the IoT spreads to wearables, consumables, cars, and every conceivable part of the home, what you know about people will increase exponentially.

10. Put humanity before machines. You might think the principle of putting people before machines is so obvious that it goes without saying.


Fouad Bendris's insight:
The next industrial revolution is coming to represent this great wave of technological change. The leaders of this revolution are companies making advances in fields such as robotics, machine learning, digital fabrication (including 3D printing), the Internet of Things (IoT), data analytics and blockchain (a system of decentralized, automated transaction verification). Because these technologies all reinforce the others’ impact, they are leading to a new level of proficiency, and new types of opportunities and challenges for business and for society at large. Put humanity before machines. You might think the principle of putting people before machines is so obvious that it goes without saying
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Ray Kurzweil's Most Exciting Predictions About the Future of Humanity ... 

Ray Kurzweil's Most Exciting Predictions About the Future of Humanity ...  | Management - Innovation -Technology and beyond | Scoop.it
THE FUTURIST - Motherboard has called Ray Kurzweil “a prophet of both techno-doom and techno-salvation.” With a little wiggle room given to the timelines the author, inventor, computer scientist, futurist, and director of engineering at Google provides, a full 86 percent of his predictions — including the fall of the Soviet Union, the growth of the internet, and the ability of computers to beat humans at chess — have come to fruition.
Fouad Bendris's insight:
The tech prophet envisions an exhilarating future for humanity !
Ray Kurzweil is a formidable figure in futuristic thinking, as he is estimated to have an 86 percent accuracy rate for his predictions about the future. The future he envisions is one marked by decentralization of both the physical and mental.
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Marc Kneepkens's curator insight, June 9, 11:43 AM

#AI is progressing quickly. What will the world look like in 10-20 years?

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Out Of The Box Thinking ? 

Out Of The Box Thinking ?  | Management - Innovation -Technology and beyond | Scoop.it
When you're stuck - Try Rubber Ducking  Method ;() 
Fouad Bendris's insight:
When you're stuck - Try Rubber Ducking Method ;()
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Here's the scientific way for you to achieve peak brain performance ! 

Here's the scientific way for you to achieve peak brain performance !  | Management - Innovation -Technology and beyond | Scoop.it
Neuroscientist Friederike Fabritius and Hans Hagemann, co-founder of the Munich Leadership Group, combine science with management consulting to discover which techniques for peak performance actually work, in their book The Leading Brain: Powerful Science-Based Strategies for Achieving Peak Performance. Hagemann recently joined the Knowledge@Wharton show, which airs on SiriusXM channel 111, to discuss science-based strategies for peak performance.
Fouad Bendris's insight:
Advances in cognitive neuroscience are enabling insights into the brain like never before. Hightlight on 5 science-based strategies for peak performance !
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Science Busts The Biggest Myth Ever About Why Bridges Collapse

Science Busts The Biggest Myth Ever About Why Bridges Collapse | Management - Innovation -Technology and beyond | Scoop.it

If you've ever thought the Tacoma Narrows Bridge collapsed due to resonance, you've fallen for the same myth that scientists did.

This wasn't a total failure, however. The engineers who investigated its collapsed began to understand the phenomenon quickly; within 10 years, they had a new sub-field of science to call their own: bridge aerodynamics-aeroelastics. The phenomenon of flutter is now well-understood, but it has to be remembered in order to be effective. The two bridges currently spanning the Tacoma Narrows' previous path have shorn up those flaws, but London's Millennium Bridge and Russia's Volgograd Bridge have both had "flutter"-related flaws exposed in the 21st century.

Fouad Bendris's insight:
If you've ever thought the Tacoma Narrows Bridge collapsed due to resonance, you've fallen for the same myth that scientists did.
Don't blame resonance for the most famous bridge-collapse of all. The true cause is much scarier, and could affect hundreds of bridges across the world if we ever forget to account for, and mitigate, the fluttering effects that brought this one down.
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Innovation in the IT Legacy World ! 

Innovation in the IT Legacy World !  | Management - Innovation -Technology and beyond | Scoop.it
Innovation in the IT Legacy World by Jose Floren “Legacy” seems to be a “bad” word in the business world, and it tends to denote antiquated; methods, software, hardware, etc. Yes, I refer here to many IT Systems that drive businesses. But many “legacy” applications that keep dominating the IT Business world—are Mainframe and Mid-range based. They still manage the bulk of the business transactions. Some popular applications are considered legacy—even though they are short years young. Software Application Packages Here, I will be concentrating in the mainframe and more specifically mid-range market; although this applies as well to Networked based systems, Unix/Linux and Windows based applications. Many Applications Packages as “Canned” Software as they are commonly referred to since a third party develops them. Others called “Home Grown” so referred to as they are developed in-house by resident developers and consultant. They both have, in most cases, designs, methods and source code 20 to 40 years old. Many are maintained with more new programming language’s code (intermixed with various more modern programming languages). Of course, the hardware is often top-of-the-line and state-of-the-art, as they are sometimes easier to migrate to since; they tend to be backward compatible with older hardware. Meaning that a site may be operating with the latest hardware, running antiquated Application software. And losing some of the advantages of more modern hardware architecture.
Fouad Bendris's insight:
“Legacy” seems to be a “bad” word in the business world, and it tends to denote antiquated; methods, software, hardware, etc. Yes, I refer here to many IT Systems that drive businesses. But many “legacy” applications that keep dominating the IT Business world—are Mainframe and Mid-range based. They still manage the bulk of the business transactions. Some popular applications are considered legacy—even though they are short years young.
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The Agility Shifter: Emerging role for innovation leadership  

The Agility Shifter: Emerging role for innovation leadership   | Management - Innovation -Technology and beyond | Scoop.it
Coping with disruptive technological change A recent article The global forces inspiring a new narrative of progress in McKinsey Quarterly, it states that “Corporate leaders today need to rethink where and how they compete, and must cooperate in the crafting of a new societal deal that helps individuals cope with disruptive technological change”. The article outlines a broad narrative of intensifying competition, as well as the growing need for cooperation, contains challenges, but also great opportunities and poses three key questions: 
- How long can the traditional sources of competitive advantage survive in the face of technological shifts?
- How will changing consumer and societal expectations affect their business models? 
- What does it mean to be a global company when the benefits of international integration are under intense scrutiny?
Fouad Bendris's insight:
Becoming an agility shifter – what will you do? Taking the path less travelled seems to be simple, yet it requires leaders to really stretch themselves to see, own and be accountable for empowering and enabling themselves and others to be the best they can be, in line with what Mc Kinsey Quarterly Review describes as; “Growth shifts. Accelerating disruption. A new societal deal. These are powerful forces that demand thoughtful responses and contain the seeds of extraordinary opportunity. Leaders reaching for these opportunities will need to question their own assumptions and imagine new possibilities. Those who do will compete more effectively; they also will be better able to contribute to broader solutions, and ultimately to a new and more inclusive narrative of progress” ... 
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How to Ask for the Job Title You Deserve ?

How to Ask for the Job Title You Deserve ? | Management - Innovation -Technology and beyond | Scoop.it
Principles to Remember  ... 
Do: 
1) Think about your individual circumstances and consider your reasons for wanting a new title. How will a new title help you do your job better? 
2) Leverage your social network and other online resources to identify possible job titles that reflect your skills, expertise, and status. 
3) Reflect on your boss’s motivations and challenges. Before you make the request, ask yourself: Why would my current or prospective boss say yes? 

Don’t: 
1) Go overboard with a personalized title. If you’d like one and your employer agrees to it, make sure you have a traditional equivalent. 
2) Be myopic about negotiating for a better title. Everything — including your salary, job description, and benefits — should be on the table. 
3) Get discouraged if you don’t get what you want right away. Asking for a new title is an ongoing negotiation.
Fouad Bendris's insight:
Your salary shouldn’t be the only thing on the negotiating table !
Your job title isn’t everything — but it does matter. When you’re offered a new role, or have been in the same position for some time, how should you think about what title you deserve? How do you decide whether it’s worth negotiating? If you don’t think you can get a raise, should you even ask for a change in your title? And what about the other side of the coin: How should you respond if your boss offers you a promotion in title — with no raise?
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10 Steps to a Solid Innovation Foundation ! 

10 Steps to a Solid Innovation Foundation !  | Management - Innovation -Technology and beyond | Scoop.it
1. Conduct an Innovation Audit
2. Define What Innovation Means for Your Organization
3. Create a Common Language of Innovation
4. Define Your Innovation Vision
5. Define Your Innovation Strategy
6. Define Your Innovation Goals
7. Create a Pool of Money to Fund Innovation Projects
8. Create Human Resource Flexibility to Staff Innovation Projects
9. Focus on Value – Innovation is All About Value
10. Focus on Creating a Culture of Learning Fast

Fouad Bendris's insight:
You know how sometimes when you order a product you get this inch-thick instruction manual that you never read, but also how there is sometimes a QuickStart Guide of 5-10 simple steps to get you up and running quickly?
Value creation is important, but you can’t succeed without equal attention being paid to both value access and value translation because innovation is all about value… Innovation = Value Creation (x) Value Access (x) Value Translation = Success!
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It’s the End of Network Automation as We Know It - The New Stack !

It’s the End of Network Automation as We Know It - The New Stack ! | Management - Innovation -Technology and beyond | Scoop.it
Network automation does not an automated network make. Today’s network engineers are frequently guilty of two indulgences. First, random acts of automation hacking. Second, pursuing aspirational visions of networking grandeur — complete with their literary adornments like “self-driving” and “intent-driven” — without a plan or a healthy automation practice to take them there. Can a …
Fouad Bendris's insight:
Few network operators are knowledgeable of the ecosystem of DevOps tooling, and few consider applying those same tools to networking. Networks as Code The idea of infrastructure-as-code (IaC) has been around for a while, but surprisingly has seldom been applied to networking !
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The New Era of Mass Collaboration !

The New Era of Mass Collaboration ! | Management - Innovation -Technology and beyond | Scoop.it
Today, we’re entering a new era, where open platforms are going beyond just software and starting to take hold in everything from scientific research to manufacturing. In fact, as our ability to connect to ecosystems of talent, technology and information continues to increase exponentially, the solution to many tough problems is becoming more social than technical.
Open Data for Science For the last few centuries, the scientific method has driven progress and prosperity. Essentially, you get a hunch about something, devise an experiment to test it and see what results come back. When your hunch turns out to be right, your field advances and you add to the world’s knowledge. When it’s wrong, you throw the work away and try something else. But what if there was another way? What if you collected all of the data, not just the stuff that you could immediately make sense out of, and combined it with other people’s data? Or better yet, what if you just collected data without having any idea what it meant and then used big data and machine learning techniques to find patterns?
Fouad Bendris's insight:
In 1991, Linus Torvalds released the Linux kernel on the Internet and invited anyone who wanted to download, use and modify it. In an amazingly short amount of time, a community built up around Torvalds’ initial code and their contributions transformed it into an operating system that rivaled those of even corporate giants like Microsoft. Even now, it seems somewhat of an unlikely story that such a fledgling effort could make such a transformational impact. Yet today, open communities have become so pervasive that the term “proprietary,” to a large extent, just means the stuff we build on top of open source software. And we’re just beginning to scratch the surface.
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Don’t Focus on the Problem, Innovate past it !

Don’t Focus on the Problem, Innovate past it ! | Management - Innovation -Technology and beyond | Scoop.it
The second group came up with much more elegant and effective designs. The first group focused on the problems with the existing design and that constrained their thinking. 
The study was carried out by researchers David Jansson and Steven Smith and is mentioned in David Niven’s book, It’s Not About the Shark. The title of the book refers to the problem which the then unknown director Steven Spielberg had in 1974 while shooting Jaws. The movie script involved many scenes showing a monster shark but the mechanical model shark they used had recurring technical faults and kept failing. The movie was running well behind schedule and ahead of budget. The problem was the shark which just would not work.
Fouad Bendris's insight:
Two groups of engineering students were given a similar task – to design a bicycle rack for a car. The first group was shown an existing but poorly designed roof rack for bicycles. They looked at all the issues with the current design and then set out to come up with something better. The second group was not shown the ineffective roof rack; they were simply told to design a really good bicycle rack.
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Marc Kneepkens's curator insight, June 24, 10:52 AM

Don't focus on the box, step out of it. 

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Don't Always Go With the 'Experts,' Because Sometimes the Experts Are Wrong !

Don't Always Go With the 'Experts,' Because Sometimes the Experts Are Wrong ! | Management - Innovation -Technology and beyond | Scoop.it
Audience tested, audience approved ! 
Specifically, Loba gave the example of a conversation he and Jason Aldean had in 2014. Aldean is one of the artists on BBR's record label. Aldean wanted to release a song titled Burnin' It Down as the lead single for his album Old Boots, New Dirt. But the label's executives had envisioned a different song from the album as the lead single. Their rationale came mainly from the fact that Burnin It Down was sonically different from any other song Alden had released as a lead single. Typically, Aldean's lead singles have been high-energy, guitar-driven tracks.
Fouad Bendris's insight:
When your gut tells you that you're on the right path, stand your ground. That's a strategy that pays off ... 
As an entrepreneur and creator, you've got to stand your ground. Why? Because sometimes industry experts are actually wrong. The following story should inspire you to stand your ground and as a leader it should also inspire you to trust your people.
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Magaly Siméon's curator insight, June 20, 2:56 AM
When your gut tells you that you're on the right path, stand your ground. That's a strategy that pays off ... 
As an entrepreneur and creator, you've got to stand your ground. Why? Because sometimes industry experts are actually wrong. The following story should inspire you to stand your ground and as a leader it should also inspire you to trust your people.
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AI Can Comb Through Your Data to Create More Compelling Customer Experiences

AI Can Comb Through Your Data to Create More Compelling Customer Experiences | Management - Innovation -Technology and beyond | Scoop.it
Data can provide huge insights for companies, but making the most of the big data being generated is no longer possible without the help of machine learning. Artificial intelligence tools can help companies make better data decisions that improve the customer experience in real-time. And using data to drive more personalized customer experiences benefits customers and businesses alike.
Fouad Bendris's insight:
Which increases customer loyalty ?
The world has more data than ever before. In fact, it’s estimated that by 2020, we’ll produce 44 zettabytes every day. That’s equal to 44 trillion gigabytes. One gigabyte can hold the contents of enough books to cover a 30-foot-long shelf. Multiply that by 44 trillion. That’s a lot of data — too much for most companies to process. And yet front-line employees are still often left operating with data that’s “too little, too late.”
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The Strange Loop in Deep Learning – Intuition Machine – Medium

The Strange Loop in Deep Learning – Intuition Machine – Medium | Management - Innovation -Technology and beyond | Scoop.it
Loops are not typical in Deep Learning systems. These systems have conventionally been composed of acyclic graphs of computation layers. However, as we are all now beginning to discover, the employment of ‘feedback loops’ are creating one of the most mind-boggling new capabilities for automation. This is not hyperbole, this is happening today where researchers are training ‘narrow’ intelligence systems to create very capable specialist automation that surpass human capabilities.
Fouad Bendris's insight:
Where he describes this self-referential mechanism as what describes the unique property of minds. The strange loop is a cyclic system that traverses several layers in a hierarchy. By moving through this cycle one finds oneself where one originally started. Coincidentally enough, this ‘strange loop’ is in fact is the fundamental reason for what Yann LeCun describes as “the coolest idea in machine learning in the last twenty years.”
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Next? How to Convert Emerging Tech into Next Practices !

Next? How to Convert Emerging Tech into Next Practices ! | Management - Innovation -Technology and beyond | Scoop.it
Transformation is a team sport. It requires a shared language. Very often the same people who are tapped for running innovation are folks who have experience with the company but have zero expertise driving innovation. They stifle innovation. 

Today’s corporate innovation strategies and approaches are organized to produce tweaks to today’s business model. The new corporate innovation imperative is to do ongoing R&D for next practices and new business models.
Fouad Bendris's insight:
To appreciate the full breadth of possibility created by emerging technologies is to feel like a kid in a candy store. Our candy store is overflowing with brain-exploding and exciting new technologies including genomics, robotics, internet-of-things, big data, artificial intelligence, drones, and 3D printing to name just a few. Any one or combination of these emerging technologies has the potential to change the world. Whether they will or not, and at what pace, depends on our ability to combine and recombine emerging technologies into next practices and new business models to solve the important social challenges of our time.
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Unshackled algorithms: Machine-learning promises to shake up large swathes of finance !

Unshackled algorithms: Machine-learning promises to shake up large swathes of finance ! | Management - Innovation -Technology and beyond | Scoop.it
Despite the scepticism of many, including, surprisingly, some “quant” hedge funds that specialise in algorithm-based trading, machine-learning is poised to have a big impact. Innovative fintech firms and a few nimble incumbents have started applying the technique to everything from fraud protection to finding new trading strategies—promising to up-end not just the humdrum drudgery of the back-office, but the more glamorous stuff up-front. 
Machine-learning is already much used for tasks such as compliance, risk management and fraud prevention. Intelligent Voice, a British firm, sells its machine-learning-driven speech-transcription tool to large banks to monitor traders’ phone calls for signs of wrongdoing, such as insider trading
Fouad Bendris's insight:
MACHINE-LEARNING is beginning to shake up finance. A subset of artificial intelligence (AI) that excels at finding patterns and making predictions, it used to be the preserve of technology firms. The financial industry has jumped on the bandwagon.
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How to make Fully Homomorphic Encryption 'practical and usable'

How to make Fully Homomorphic Encryption 'practical and usable' | Management - Innovation -Technology and beyond | Scoop.it

Government-funded research on advanced encryption technology could make its way into open source community !

The Intelligence Advanced Research Projects Activity, which has been leading the Department of Defense’s examination of this topic, recently awarded research and development firm Galois a $1M contract to explore ways to bring FHE to programmers. The goal, says Galois Principal Investigator Dr. David Archer, is making FHE “practical and usable,” and his outfit is working with researchers at the New Jersey Institute of Technology on this front via the Rapid Machine-learning Processing Applications and Reconfigurable Targeting of Security (RAMPARTS) initiative. While it’s up to IARPA as to what becomes of the researchers' output, Archer says he wouldn’t be surprised if it goes the open source route.

Fouad Bendris's insight:
Fully Homomorphic Encryption (FHE) for years has been a promising approach to protecting data while it’s being computed on, but making it fast enough and easy enough to use has been a challenge. FHE allows for conducting more complex functions than Somewhat Homomorphic Encryption. There's more and more data available, and people are recognizing, maybe not for the first time, that it's important to keep that data private, yet it would be great if we could get utility out of it !
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