Tag Archives: Technology

Updates from McKinsey

Digital transformation: Improving the odds of success
By Jacques Bughin, Jonathan Deakin, and Barbara O’Beirne – or established companies, the pressure to digitize business models and products has reached new intensity. McKinsey research shows that the best-performing decile of digitized incumbents earns as much as 80 percent of the digital revenues generated in their industries.

Ascending to that elite group is far from easy. In a new survey of more than 1,700 C-suite executives, we learned that the average digital transformation—an effort to enable existing business models by integrating advanced technologies—stands a 45 percent chance of delivering less profit than expected. The likelihood of surpassing profit expectations, on average, is just one in ten.

The good news is that executives can decisively increase the chance that a transformation focused on digital enablement will beat performance expectations.

Our latest research shows that exceptionally effective digital transformations are distinguished mostly by the practices that executives choose to follow. Adhering to a well-defined set of transformation practices lifts the likelihood of exceeding profit expectations to more than 50 percent—about five times better than transformations that involve none of these practices. What’s more, the same combination of practices works for every type of digital-enablement effort that our survey covered. more>

Linear Labs Promises a Moonshot for Electric Motor Technology

By Dan Carney – There is something almost as absurd afoot in Texas now; an electric motor startup making amazing performance claims that arose from a father/son project to improve upon the traditional Aeromotor windmill (a San Angelo, Texas product) for pumping water from wells.

Linear Labs CEO Brad Hunstable makes claims about the effectiveness of what the company dubs the Hunstable Electric Turbine, an electric motor (or generator) that would seem improbable if not for the fact that he says products employing motors from Linear Labs will hit stores early next year.

Consider this, the HET produces 2-3 times more torque than a conventional motor of the same size and specifications, it can be manufactured with no specialized tools or processes at comparable cost to traditional motors, it runs at lower voltage and uses simpler control electronics and it does all of this using iron ferrite magnets rather than the expensive rare earth Neodymium magnets that rely on Chinese suppliers.

It was developed while U.S. Military Academy alum Brad Hunstable and his father, nuclear power engineer Fred Hunstable collaborated on development of a old-fashioned many-vane-style water-pumping windmill, with the notion that it could be upgraded for use in the developing world to also produce small amounts of electricity.

The generator needed to work using the back-and-forth motion of the water pumping shaft that descends from the windmill to the well, so their generator was linear rather than rotary in motion. Hence “Linear Labs.”

A breakthrough in designing that motor led to the idea of applying their new configuration to electric motors. more>

Updates from ITU

How can AI help make our roads safer?
ITU News – What does a fully autonomous, electric, high-performance race car have to do with the United Nations Sustainable Development Goals (SDGs)?

For starters, the vehicle, developed by Roborace, is providing a testing ground for new efforts to build public trust in how next-generation vehicles could improve road safety and reduce the 1.35 million annual road deaths worldwide (SDG 3.6). Increased use of autonomous, electric, connected vehicles could also reduce emissions, improve traffic flows — and provide affordable, safe and sustainable transport systems to underdeveloped nations (SDG 11.2).

But how do we go from race track to the road?

A panel of experts – Bryn Balcombe, CSO at Roborace and Founder of the Autonomous Drivers Alliance; Lucas di Grassi, Formula-E World Champion and CEO at Roborace; and Fred Werner, Head of Strategic Engagement at ITU’s Standardization Bureau – met at Web Summit 2019 to discuss how AI will make our roads safer, and how ITU is helping lead the charge. more>

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Updates from Adobe

The Simple Life
By Jenny Carless –By day a graphic designer, by night a nature photographer, Anders Bundgaard focuses on simplicity, no matter the medium.

Bundgaard’s interest in graphic design was first piqued during an internship at an advertising agency. After finishing school, he sought out a series of courses—including year-long programs in print and reproduction, drawing, advertising, and multimedia—to develop the skills he needed.

At 21, Bundgaard moved from Denmark to London in search of new and interesting work. “My first job here was for a company that designed film posters,” he says. “I really liked the work and continued in that direction.”

Today, Bundgaard’s graphic design work is mainly aimed at the film industry. His portfolio includes film posters, motion graphics for trailers, and title sequences.

Whether working in print or motion, his preferred style is simple and clean.

“I try to get to the core of a project and then distill it down to the bare minimum to communicate the idea,” he says. more>

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New Microeconomics: How Evolution Explains Resource Distribution

By Blair Fix – Through years of schooling, mainstream economists are trained to ignore the obvious facts about human nature. The theories that economists learn make it impossible for them to understand human sociality.

Economists are trained that humans are asocial ‘globules of desire’. This is Thorstein Veblen’s satirical term for ‘homo economicus’, the economic model of man.

As Veblen makes clear, economists’ model of human behavior is bizarre. Indeed, the assumptions are so far-fetched that one wonders how this ‘theory’ ever gained acceptance. I’ve spent years trying to make sense of homo economicus as a scientific theory. I’ve concluded that this is a waste of time. Economists’ selfish model of humanity is best treated not as science, but as ideology.

Unlike scientific theories, ideologies are not about the search for ‘truth’. Instead, they are about rationalizing a certain worldview — usually the worldview of the powerful. Economists’ selfish model of humanity is a textbook example.

The discipline of economics emerged during the transition from feudalism to capitalism. During this period of social upheaval, business owners battled to wrench power from the landed aristocracy. To supplant the aristocracy, business owners needed to frame their power as legitimate (and the power of aristocrats as illegitimate). Their solution was devilishly clever. The new business class appealed to autonomy — the mirror opposite of the ideals of feudalism.

Feudalism was based on ideals of servitude and obligation. Serfs were obligated to perform free work for feudal lords. And these lords, in return, were obligated to protect serfs from outside attackers. This web of obligation was rationalized by religion — it was a natural order ordained by God.

To upend this order, business owners championed the ideals of autonomy and freedom. Business owners claimed to want nothing but to be left alone — to pursue profit unfettered by government or aristocratic power. From this world view, the autonomous model of man was born. It had nothing to do with how humans actually behaved. It was about rationalizing the goals of business owners. They wanted power, but they framed it as the pursuit of freedom and autonomy. “Power in the name of freedom” is how Jonathan Nitzan puts it. more>

Updates from Adobe

By Cristina Daura – llustrator Cristina Daura grew up steps away from an amusement park. A trail led straight from her house to the top of Barcelona’s Tibidabo mountain, where a large church looms over a colorful theme park full of twinkly lights, charming roller coasters, creepy vintage animatronics, and sweet-smelling air. Daura’s family held an annual pass, so she could pop in any time. Today, the artist’s playful but dark illustrations are clearly inspired by the kitsch, the bright colors, and her memories of this extraordinary place.

A bit of an outcast when she was younger, Daura found her community at comic book stores. Always with a sketchbook in hand, she thought she wanted to design comic books for a living. When she found out that illustration work paid better, she switched gears—but she continues to take inspiration from the way comics tell a story.

Daura also uses symbols and an intentionally limited color palette to communicate, with many symbols repeated in multiple works. With the symbols, Daura has created her own representational language—and because she doesn’t like to explain her work, the viewer is left to interpret meaning on their own. more>

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The New Era of Sustainable Supply Chains

By Mary Page Bailey – To improve sustainability, materials manufacturers are welcoming new digital technologies and process innovations into their global supply chains

From palm oil to plastics, the global supply chains of many critical raw materials are evolving as consumers and manufacturers increasingly seek sustainable and renewable options. Digital technologies, including blockchain, Internet of Things (IoT) sensors and modeling tools, are facilitating these supply-chain transitions by enabling unprecedented data visibility and analyses. At the same time, chemical manufacturers are turning toward process and chemistry innovations to improve the sustainability of their raw materials.

Blockchain, in particular, provides many specific capabilities that are helping manufacturers realize more sustainable sourcing practices. In the plastics sector, for instance, DOMO Chemicals (Ghent-Zwijnaarde, Belgium; www.domochemicals.com) and Covestro AG (Leverkusen, Germany; www.covestro.com), along with the Circularise initiative (www.circularise.com/plastics), are partnering to implement blockchain technology to improve traceability and transparency in plastics manufacturing.

“Blockchain can be applied to many challenges in the plastics value chain, such as complex record keeping and tracking of products. Blockchain serves as a less corruptible and better automated alternative to centralized databases,” says Jordi de Vos, founder of Circularise. Blockchain provides encoded information storage on a network-to-network chain, which validates data to protect business dealings and prevents the theft or manipulation of documents – a unique combination of transparency and security.

The Circularise platform creates a digital twin of a material, component or product to build end-to-end traceability by integrating audit reports, certifications, material parameters and more. In addition to making materials traceable, Circularise aims to protect stakeholders’ privacy – the protocol is specifically developed to enable the disclosure of relevant supply-chain information without having to share sensitive data. more>

Updates from ITU

Why ITU strives to be the world’s most inclusive standardization platform
By Bilel Jamoussi – The global ICT ecosystem is a remarkable feat of engineering and a similarly remarkable feat of international collaboration.

The ICT industry relies on technical standards to an extent rivalled by few other industry sectors.

Our networks and devices interconnect and interoperate thanks to the tireless efforts of thousands of experts worldwide who come together to develop international standards.

International standards provide the technical foundations of the global ICT ecosystem – today’s advanced optical, radio and satellite networks are all based on ITU standards.

95 per cent of international traffic runs over optical infrastructure built in conformance with ITU standards. Video will account for over 80 per cent of all Internet traffic by 2020, and this traffic will rely on ITU’s Primetime Emmy winning video-compression standards.

Standards create efficiencies enjoyed by all market players, efficiencies and economies of scale that ultimately result in lower costs to producers and lower prices to consumers. more>

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The Crisis of Social Media

By Adrian Shahbaz and Allie Funk – Internet freedom is increasingly imperiled by the tools and tactics of digital authoritarianism, which have spread rapidly around the globe. Repressive regimes, elected incumbents with authoritarian ambitions, and unscrupulous partisan operatives have exploited the unregulated spaces of social media platforms, converting them into instruments for political distortion and societal control.

While social media have at times served as a level playing field for civic discussion, they are now tilting dangerously toward illiberalism, exposing citizens to an unprecedented crackdown on their fundamental freedoms. Moreover, a startling variety of governments are deploying advanced tools to identify and monitor users on an immense scale.

As a result of these trends, global internet freedom declined for the ninth consecutive year in 2019.

Social media allow ordinary people, civic groups, and journalists to reach a vast audience at little or no cost, but they have also provided an extremely useful and inexpensive platform for malign influence operations by foreign and domestic actors alike.

Political leaders employed individuals to surreptitiously shape online opinions in 38 of the 65 countries covered in this report—a new high.

In many countries, the rise of populism and far-right extremism has coincided with the growth of hyperpartisan online mobs that include both authentic users and fraudulent or automated accounts. They build large audiences around similar interests, lace their political messaging with false or inflammatory content, and coordinate its dissemination across multiple platforms.

Cross-border influence operations, which first drew widespread attention as a result of Russian interference in the 2016 US presidential contest, are also an increasingly common problem.

Authorities in China, Iran, Saudi Arabia, and a growing list of other countries have expanded their efforts to manipulate the online environment and influence foreign political outcomes over the past year. Malicious actors are no doubt emboldened by the failure of democratic states to update transparency and financing rules that are vital to free and fair elections, and apply them effectively to the online sphere. more>

Updates from Chicago Booth

How multinational companies help spread recessions
By Bob Simison – The Great Recession a decade ago was one example of how economic cycles across the world can move in parallel, a phenomenon that economists don’t fully understand. It could be that a common event, such as a surge in oil prices, affects many economies at the same time—or perhaps linkages between countries transmit economic shocks from one country to the world economy.

One such linkage is multinational corporations,  according to Marcus Biermann, a postdoctoral scholar at the Catholic University of Louvain, and Chicago Booth’s Kilian Huber, who explore the role of multinationals in spreading the global recession by analyzing the ripple effects of one German bank’s struggles during the 2008–09 financial crisis.

Commerzbank was Germany’s second-biggest commercial lender behind Deutsche Bank. Losses on trading and investments abroad hammered the bank, especially after Lehman Brothers collapsed in September 2008. Commerzbank’s capital fell by 68 percent between December 2007 and December 2009, which forced the bank to reduce its aggregate lending stock by 17 percent. Biermann and Huber find that this pullback in credit available to German parent companies affected subsidiaries in other countries, thus helping to transmit the economic contraction. more>

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