Over a number of years, the legal industry has been affected by a troubling change that looks every day less like a science fiction story. Lawyers and legal experts are witnessing the rise of digital services that integrate increasingly complex functions of the legal sector. The rise of Legal Tech has spawned a proliferation of startups focusing on the development of new technologies. Hence, secular jobs, which should have been spared by new technologies, are at the forefront of an assimilation phenomenon by artificial intelligences. Will robots wear court dresses in a near future?
Why does a company like L'Oréal spend 10 times more on advertising than on research? The answer lies within a strategic competition, proving extremely tough in the personal beauty and care sector. This advertising arms race has a cost, paid by consumers. Economists are beginning to take a serious interest in these cases where the more intense the competition, the higher the prices.
Artificial intelligence (AI) research has gained major headways over the past few decades. Relevant technologies have grown from being just lab myths to mass market products. Some computing technologies are sophisticated enough to replace human minds and solve real world problems. Regardless of the professional systems widely adopted in areas such as national defence, finance and medicine, search engines, social networks and apps on smart phones are the real vehicles that have allowed the public to feel the massive power of AI. Whether it is for academy or industry, AI talents detected that this renaissance would bring a different historic meaning to the technology. With Google, Baidu and other tech giants joining the ranks, the public has given different interpretations of AI from their own perspectives, with some of them being off track. Which stage has AI technology reached? Is the arrival of machine intelligence a blessing or a curse?
The sinking of the British steel industry has resulted in confusing, and sometimes contradictory debates. The politicization of these challenges tends to obscure questions having primarily to do with industrial strategies. Strategies of the concerned companies of course, but also those of States and Europe.
For over a century, cars were made of four wheels, a steering wheel and a driver. And what if everything changed? The explosion of social and technological innovation has transformed the automotive sector into a laboratory of the future. Two trends emerge: the technology race and the “step on the side” approach. With one unifying concept: sustainable mobility.
As long as laws and regulations are not changed to promote further diversity in crowdfunding, the industry will very likely focus on products that have already proven their feasibility. This is unlike in the West, where platforms such as Kickstarter or Indiegogo can promote projects even before their first proof of concept. Entrepreneurs in China can therefore see in crowdfunding an alternative to venture capital in scaling up, or use it as a way to test their markets.
The cofounder of the company that created the world's first computer-animated feature film lays out a management philosophy for keeping Pixar innovative.
With the emergence of new, often disruptive, forms of personal mobility, the automotive industry is facing a drastic change in its role and its relationship with consumers, end-users and society in general. New forms of partnerships are also emerging. Innovation and technology are crucial drivers for these changes, while automotive suppliers are its key actors, alongside OEMs, new industrial players and service providers.
The current price of 50-60 dollars per barrel limits the number of new wells that can be drilled at an economically reasonable price. As a consequence, the drilling activity in the United States collapsed by 50%. Now that OPEC has stopped playing its regulatory role, American unconventional oils may well be the main balancing factor on the market. At the same time, the industry has already begun to adapt very quickly and the possibility of lower costs will play a very important role in this evolution.
Overcoming the pessimism that permeates many visions of the future of the news media, today we find ourselves in a period of intense activity, i.e. in the “creative” phase of a Schumpeterian moment. Many startups no longer rely on advertising and are refocusing on the service provided to the reader. Crowdfunding has freed up initiatives and is allowing for experimentation. Brief.me, a daily newsletter launched in 2014, was born of such experimentation.
Culture is the essential catalyst of intelligence and an AI without the capability to interact culturally would be nothing more than an academic curiosity. However, culture can not be hand coded into a machine; it must be the result of a learning process.
Since her departure from JP Morgan Chase to become CEO of Digital Asset Holdings, Blythe Masters, the renowned economist and market operator, initiated a speaking tour dedicated to blockchains. During the Exponential Finance Conference held on June 2nd 2015, she declared that “financial blockchain applications will be measured in the trillions.” Since this sensational announcement, specialized firms have been receiving many calls that all revolve around the same issue: “How will the blockchain technology help us take the ascendancy in our industry?” Today, there is a real curiosity, but above all, a need for education on the subject of Bitcoin and Ethereum protocols, as well as “blockchain technology.”
All around the world, construction methods have begun an accelerated shift towards increased innovation and efficiency, whether in building design, the implementation of constructive solutions, or the distribution and placement of building materials. One dimension of this revolution is the energy efficiency of buildings. Insulation solutions, in particular, are undergoing an unprecedented wave of innovation.
Regulating FinTechs? Better say forcing their way into the market. Revolution ahead in the European banking business! Since the pressure on banks is high on different grounds, it is very likely that PSD II levels the field and FinTechs will profit disproportionally over traditional payment stakeholders and potentially win the race.
In a world in which information, capital, and labor are no longer confined by time nor distance, nearly everything has an impact on practically everything else. As traditional barriers to entry crumble, organizations that once operated in separate universes now bump up against each other, competing, collaborating, or both in newly defined markets. The tag team of digital and complex systems is slamming business models and upending corporate cultures, nowhere more so than in the realm of communications. Individuals and organizations need more than merely manage technology. They have to master complexity. That means being able to step back and consider all of the critical components of system.
Autolib' is a technical, operational and commercial success. This electric car-sharing service which started in Paris and operates in several French cities is now going global: the latest city where the scheme has been adopted is Indianapolis. This rather risky venture was made possible by the alliance between a giant and a startup. Here is its story.
A request by the U.S. Federal Bureau of Investigation for help from Apple to unlock an iPhone used by a terrorist has quickly grown into full scale battle. The FBI's argument of enhancing national security is countered by the technology industry's fears that a one-off software backdoor could set a precedent for more such demands, compromising consumers’ security and privacy, and negatively impacting business. According to experts, the FBI's case is on uncertain legal ground and the agency ought to empower itself with Congressional backing and in-house resources to cope with technological obstacles such as the one in the latest case.
Agriculture and the food industry are quickly entering the era of platform economics. The rapid development of digital interfaces is not exclusively a matter of matching supply and demand. Collaborative platforms have emerged alongside marketplaces, some dedicated to finance, others to exchanging services. Professionals are reinventing and rediscovering older forms of solidarity. Finally, private individuals are also getting in to the game, radically overhauling everyday practices and rewriting codes.
How to reverse climate change? The current discussion focuses on reducing carbon consumption. But the policy instruments and tools available today are neither efficient, nor realistic. Both cap and trade and carbon taxes are variations of coercive systems. They can work if they are coercive enough. But who wants to live in Green Stalinism? So if the stick doesn't work, better try the carrot. It is time to turn the creativeness of financial innovation into something useful.
Legal and regulatory aspects are rarely mentioned when discussing innovation management. But they do play a major role, and the analysis of the legal environment is a crucial issue. It allows smart organizations to implement original strategies… even though there are a number of pitfalls.