Clextral is an engineering company located in Firminy near Saint-Etienne, France. It employs 275 people including 80 engineers, sells its machines in 88 countries and has subsidiaries and offices on every continent. What's the secret?
Towers Watson has launched HealthVantage, a health management solution that incorporates wearable devices and online applications to give an organization’s workforce a full health refresh. Using technology effectively can present a big opportunity for employers to build a culture of wellness at their organization. How?
Open community and collective intelligence have become significant phenomena in all fields where organizations and institutions used to play a leading role. In the business field, where socialstructing has manifested its power the most, we‘ve witnessed the emergence and evolution of Linux, Android, and now the open-source hardware driven by the grand IoT revolution. As an open-source electronic prototyping platform and kit board provider, Arduino has from the very beginning tied itself closely with an expansive user community and developer ecosystem, and has been widely accepted as the global leader in this area.
With the Model S, Tesla offers not only “the best car in the world,” but also an object from the Silicon Valley, closer in its architecture to a mobile electronic device than to a car, in the conventional sense. The electronics and system architecture but also the streamlined user experience: everything is designed in a framework where models are smartphones and tablets. The result is a car that draws its attractiveness from its own features, including its mechanical performance, and from the enchanting experience it promises, more than from simply rational, technical and economic features. Electronics and automotive technology, the best of both worlds, and beyond! This performance owes much to the personality of Elon Musk and to the culture of the company, which shares both the qualities and defects of a start-up. Will this culture survive to a change of scale?
The development of renewable energy since the early 2000s should continue and intensify in the coming years, changing significantly the electricity mix of the future while reducing the associated environmental impacts. It is therefore crucial to study the environmental impact of the different production sectors.
Automakers are facing four changes that will altogether change the automotive experience in the few years to come. These four innovations, brought from the consumer electronics industry, include Connectivity, Artificial intelligence, Sensors, and Interface. Each of these four disrupting factors, taken independently, is a powerful wave on its own. When combined, they will redefine the industry.
The evolution of food demand in different regions of the world will be crucial to ensure food security for all, in quantity and composition. But it is also a key driver for the proper management of natural resources, and as such a central element of the energy transition.
What are the main factors that will affect the Research & Innovation Environment in China until 2025? A recently released report, China 2025: Research and Innovation Landscape, identifies 16 factors that could drive various evolution scenarios.
Mathematics and technology are increasingly used in decision-making. The current trend is even to replace human decisions by machine decisions. But in some experiences, technological innovation helps to reinvigorate the most human of all decision process: democracy. This is the purpose of the Democracy 2.1 experiment, launched by the Czech mathematician Karel Janeček: a radical innovation of the voting system, based on mathematical intuitions derived from game theory.
Successful companies have one secret: trust. One that facilitates managerial relations, allows taking risks or difficult decisions, and also helps develop trade relations. But trust cannot be imposed from the top. How is it created? The heart of trust is recognition. Far from being a moral issue, it is a major managerial challenge, a key to the performance of firms today.
Behind the proliferation of Uber stories hitting the headlines in many countries, the emergence of a sharing economy fascinates, and sometimes worries us, especially because of its blurry boundaries. From the perspective of an economist, it can be described as a market expansion. Exchanges that previously fell within the scope of informal economy are now an integral part of formal economy. It that good news? Yes it is. But this rapid and incomplete transition also raises many problems.
From the perspective of an economist, the sharing economy can be described as a market expansion. Among the downsides, which are now well identified, competition is stronger: but is it still fair competition? And don't the marketplaces that organize this competition find themselves in a situation of monopoly?
For industrial manufacturers, resources remain a huge financial and managerial cost. A change in perspective can lead to real breakthroughs in reducing resource consumption.
In many areas, decision-making is affected by the difficulty in producing reliable forecasts. The behavior of financial markets, consumers or weather phenomena, the evolution of an ecosystem or the movement of certain celestial bodies provide some examples of unpredictable events that have an impact on human activity. Some developments of mathematics can help reduce this unpredictability or, at the very least, analyze it from a strategic point of view. The theory of probability plays such a role but so do fluid mechanics in the study of turbulence, or dynamic systems in the study of so-called chaotic phenomena, which belong to a specific class of unpredictable phenomena.
The Internet of Things (IoT) is essentially a network of physical objects connected via the Internet, a buzzword for a new technology landscape that is reshaping the way we live and work. But is its potential understood and are we prepared for a new wave of industrial revolution?
The Internet has revolutionized our access to knowledge. Education is on the verge of major changes. Nine recent pieces published in ParisTech Review try to make sense of this tsunami.
How an organization makes its people-related decisions has a huge impact on its success or failure. But traditionally, these decisions have largely been based on intuition and biases and therefore have been prone to error. But now, companies are starting to use data and sophisticated analysis in issues such as recruiting, compensation and performance evaluation because they believe it can help in better decision making. Cade Massey and Adam Grant, who lead Wharton’s people analytics initiative, spoke with Knowledge@Wharton about why a data-driven approach to managing people at work is gaining traction.
Tesla's PowerWall is the first mass-produced individual electric storage solution to hit the market. But does it offer any true ecological benefit? Is it cost-effective enough to be sustainable? Two specialists discuss these issues.
Articles analyzing why there's no Chinese innovation are all over the place. Meanwhile, the situation is changing at a rapid pace. How do Chinese entrepreneurs move from imitators to innovators? To better understand these issues, our Chinese edition invited a number of pioneers and observers at the front-line of domestic and international innovations.
In developed countries, particularly in Europe, investment has been sluggish since the 2008 crisis. And yet, money is abundant and there are many needs, especially in regard to long-term, growth-enhancing investments. But private investors are paralyzed. Is there any way out of this down-beat economic environment? Institutional investors are at the center of the game. Among them, public banks and deposits funds can play a significant role. How have these secular institutions returned in the spotlight?