December 9 – 5 Key Stories From The Digital World

By December 8, 2019 Insight

1. The Lesson To Unlearn

  • Even if you could trick VCs into investing in a bad startup, you’d be tricking yourselves too
  • The way you get lots of users is to make the product really great…people will not only use it but recommend it to their friends, so your growth will be exponential once you get it started
  • Why did founders tie themselves in knots doing the wrong things when the answer was right in front of them? Because that was what they’d been trained to do

2. Here’s a Better Way to Measure Long-term Shareholder Value

  • list of performance measures seems almost endless – ROA, ROC, EBIT, EBITDA, CAR, EPS, quarterly earnings growth and so on – none of them precisely captures what is most important to many executives and investors: creating long-term shareholder value
  • LIVA…Use share price data to calculate the value a company has either created or destroyed for its entire investor base
  • uses historical data to estimate how much value a company actually created for its investors

3.  Operations management, reshaped by robotic automation

  • 81 percent of predictable physical work, 69 percent of data processing, and 64 percent of data-collection activities could feasibly be automated
  • By automating manual and repetitive tasks, successful operations centers are reducing costs by 30 to 60 percent while increasing delivery quality
  • by combining RPA, cognitive agents, and artificial intelligence for image processing, a multinational recently reduced the cost base for one of its operations centers by more than half

4. Making It Easier to Manage and Scale Digital Projects

  • barriers remain, particularly in cases where companies try to coordinate multiple agile projects simultaneously and scale them across the organization
  • found that the organizations that achieve the most success with digital projects use processes that allow for continuous learning and that support critical business goals
  • try to ensure that teams are working on the right problems to address the needs of customers, business units, and other stakeholders

5. Google, Intel, MIT, and more: a NeurIPS conference AI research tour

  • adapt the popular Transformer model of language processing to not only generate text but to also edit text after it’s been generated via insertion and deletion operations
  • result suggests that altering an NLP model to better align with brain recordings of people processing language may lead to better language understanding by the NLP model
  • took on the challenge of what to do when parts of a graph are missing, such as a broken link between two nodes, or when the graph is heterogenous