Envy with Green Even before the US Senate’s historic passage of 2022’s $430 billion climate bill, climate tech start-ups were on an envious tear, raising well over $30 billion in investment in 2021. In the current year we’ve seen investments in everything from companies that re-imagine air conditioning refrigerants to electricity procurement to aviation fuel. While…
Business’ “Theory of Everything”? Physicists have long sought a Theory of Everything, a single theoretical framework that explains and ties together the physical world at every scale, from the sub-atomic to the cosmic. One of the leading theoretical frameworks advanced toward this end has been string theory. In the business world, might we find a…
Economics’ Not-So-Hidden Hand Behavioral economics has been much in the public eye this century, whether it was Daniel Kahneman’s 2002 Nobel Prize in economics, Robert Shiller’s in 2013, Richard Thaler’s in 2017, or Dan Ariely’s excellent 2008 New York Times best-seller, Predictably Irrational. These works have highlighted that human decision making isn’t informed solely by the…
Virtualization Comes for Higher Ed Murder hornets. The Great Toilet Paper Panic. And New York Magazine’s thought-provoking interview with NYU’s Scott Galloway on the coming disruption to higher education. All serve to mark the calamitous year of 2020. Just as the Internet has virtualized the retail industry, it’s now begun to do the same to…
Quarantine Angst What does the jet engine have in common with penicillin, the world’s first antibiotic? Both, as it turns out, were born in 1928, but it took the crisis of the Second World War for either to be brought into the mainstream and deployed. The war’s stresses also served as catalyst to usher in…
By Shomit Ghose | March 31, 2020 Star Wars: mind-candy entertainment or a set of essential teachings for business leaders? Happily, it’s both. The sci-fi series is a great illustration of the entrepreneurial journey, while also illustrating (who knew?) academically-proven best practices for achieving business success. The case for binge-watching Star Wars is particularly apt in today’s corporate…
Adapt or Die Name a company anywhere in the world – just one! – that won’t be disrupted by Amazon or Google. These two companies, along with their fellow votaries of Big Data and machine learning, are today entering every industry, to the competitive peril of businesses large and small. The healthcare and financial industries…
The World Health Organization reports that 45% of member states have less than one physician per 1,000 population. With the Kaiser Family Foundation reporting 27 million Americans lacking health coverage in 2017, access to healthcare is not just an issue in the developing world. These numbers help highlight healthcare’s two idealized goals: We will forever be driving…
By Shomit Ghose | June 5, 2019 Iron Man vs Terminator Revisited In the landscape of artificial intelligence, we still find ourselves balanced precariously between the twin outcomes of Iron Man and Terminator. In the former, we adopt technologies to empower our human selves — as with the Marvel comic book character — to overcome our foremost challenges. …
“But there are also unknown unknowns – the ones we don’t know we don’t know.” – United States Secretary of Defense Donald Rumsfeld, February 12, 2002 An artificial intelligence strategy is the corporate equivalent of your spleen: everyone has one, but not everyone understands quite what it will accomplish. There are bold plans afoot everywhere in…
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