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How to create a culture of innovation

CIO Business Intelligence

Prioritize time for experimentation. It requires bold bets and a willingness to persevere despite setbacks, criticism, and uncertainty,’’ wrote McKinsey senior partners Laura Furstenthal and Erik Roth in a recent blog post. “By Here, they and others share seven ways to create and nurture a culture of innovation.

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CIOs press ahead for gen AI edge — despite misgivings

CIO Business Intelligence

If anything, 2023 has proved to be a year of reckoning for businesses, and IT leaders in particular, as they attempt to come to grips with the disruptive potential of this technology — just as debates over the best path forward for AI have accelerated and regulatory uncertainty has cast a longer shadow over its outlook in the wake of these events.

Risk 141
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Why CEOs should test big digital business ideas in tiny countries.

Mark Raskino

He was talking about something we call the ‘compound uncertainty’ that must be navigated when we want to test and introduce a real breakthrough digital business idea. You can find out more about how to lead digital business in your company from our book. The key is in that last sentence. Maybe that’s the best place to make it work.

Testing 53
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Variance and significance in large-scale online services

The Unofficial Google Data Science Blog

Unlike experimentation in some other areas, LSOS experiments present a surprising challenge to statisticians — even though we operate in the realm of “big data”, the statistical uncertainty in our experiments can be substantial. We must therefore maintain statistical rigor in quantifying experimental uncertainty.

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The Lean Analytics Cycle: Metrics > Hypothesis > Experiment > Act

Occam's Razor

This thought was in my mind as I was reading Lean Analytics a new book by my friend Alistair Croll and his collaborator Benjamin Yoskovitz. They preserve almost all original intent, but if you read the book, or see the cycle elsewhere, please don''t be surprised to see a slightly different version. KPI: Property bookings.

Metrics 156
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How to Set AI Goals

O'Reilly on Data

My book, AI for People and Business , introduces a framework that highlights the fact that both people and businesses can benefit from AI in unique and different ways. In my book, I introduce the Technical Maturity Model: I define technical maturity as a combination of three factors at a given point of time.

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The DX roadmap: David Rogers on driving digital transformation success

CIO Business Intelligence

How can enterprises attain these in the face of uncertainty? Rogers: This is one of two fundamental challenges of corporate innovation — managing innovation under high uncertainty and managing innovation far from the core — that I have studied in my work advising companies and try to tackle in my new book The Digital Transformation Roadmap.