Lifeboat Foundation

Artificial intelligence has the potential to create trillions of dollars of value across the economy—if business leaders work to understand what AI can and cannot do.

In this episode of the McKinsey Podcast, McKinsey Global Institute partner Michael Chui and MGI chairman and director James Manyika speak with McKinsey Publishing’s David Schwartz about the cutting edge of artificial intelligence.

David Schwartz: Hello, and welcome to the McKinsey Podcast. I’m David Schwartz with McKinsey Publishing. Today, we’re going to be journeying to the frontiers of artificial intelligence. We’ll touch on what AI’s impact could be across multiple industries and functions. We’ll also explore limitations that, at least for now, stand in the way.

Continue reading “The real-world potential and limitations of artificial intelligence” »

1. Predictive analytics

Imagine being able to project a customer’s worth as soon as he buys your service. Sounds impossible, right? Well, in the course of our AI-as-triage work, we helped a leading online registry predict the lifetime value of its patrons within a few days of sign-up with 90 percent accuracy. Now, the registry can make more informed decisions about its customer service, delivering as much value as possible to its most loyal users.

Of course, creating a predictive solution requires a complete record of your customer interactions. Building this database takes time, but many of the necessary components are available off the shelf. Even if predictive analytics are a way off for your business, start collecting customer data now so you’ll have it when you decide to tap into AI.

Business Impact

If quantum computers threaten blockchains, quantum blockchains could be the defense.

Quantum computers could break the cryptography that conventional blockchains rely on. Now physicists say a way of entangling the present with the past could foil this type of attack.

Continue reading “If quantum computers threaten blockchains, quantum blockchains could be the defense” »

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Continue reading “Futurist Gray Scott” »

https://www.uqpower.com.au/podcast/spotlight-on-ira-pastor-genetic-regeneration

Rain Design isn’t the first company to fall victim to the aggressive techniques Amazon uses to achieve market dominance. Although its retail site is the most visible of its business strands, the $740bn company has quietly stretched its tentacles into an astonishing range of unrelated industries. Google and Facebook might have cornered the online advertising market, but Amazon’s business successes now include groceries, TV, robotics, cloud services and consumer electronics.

With its profound knowledge of its customers, Amazon can move into almost any sector – striking fear into the hearts of rivals. And the $740bn company is ‘just getting started’

By Olivia Solon and Julia Carrie Wong in San Francisco

Continue reading “Jeff Bezos v the world: why all companies fear ‘death” »

The EU wants to invest 20 billion euros in research by 2020.

By Marty Swant

The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests.

China is drawing up plans for an aerospace engine plant that would pave the way for the mass production of “hypersonic” planes or spacecraft capable of travelling at more than five times the speed of sound, boosting the country’s competitiveness in defence, space, business and other sectors, according to scientists familiar with the project.

The plant that would be built in Hefei, in China’s eastern Anhui province, could give the country an edge over the United States and Russia in the race to achieve large-scale applications of hypersonic technology, the scientists said.

Hefei deputy mayor Wang Wensong led a delegation to the Institute of Mechanics at the Chinese Academy of Sciences in Beijing last month to discuss the project’s roll-out, according to a statement on the institute’s website.

Continue reading “China plans hypersonic engine factoryChina’s hypersonic engine means new frontiers for travel, space exploration” »