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Showing posts from March, 2019

Evolution of the Digital Economy: A sequence of subversions

I find myself consistently interested by the idea that for all the overt recent progress that we’ve experienced we are in fact in a lull, waiting for the next big thing to emerge. That’s made me think about the way in which the digital computing era has evolved over the last fifty years. This post sets out some thinking about how monopolies have formed and been broken in the Digital Economy to date as a precursor to further posts on future strategies and business models. Four great computing platforms The first Intel Microprocessor – the 4004 – was revealed to the world in November 1971. Although at the time few predicted its impact, the 4004 was the Big Bang event that launched the fifth great techno-economic revolution: the era of digital computing. Before the 4004 and the vast range of other microprocessors that followed it, computing power came at far too great a cost and complexity to be readily useful for the majority of everyday use cases. As we approach the fiftieth annive

Executive Teams - what I've learned from the S&P 500's A Team

When I published my first post on the current and future structure of Executive Leadership Teams (ExCos) I promised that I was in the process of extending the data set to encompass the S&P 500 as well as the FTSE 100. As you can imagine, this is a mammoth undertaking given that my time is restricted to evenings (when not looking after my son), weekends (ditto), the commute and snatched sidebar conversations with colleagues. Nonetheless I am making some progress in my analysis... my data gathering for all companies beginning with 'A' on the S&P 500 are now complete. Rather than wait for all letters to be completed, I thought I'd throw out a few findings and see what you all think of them. So, in no particular order: I was able to look at 63  organisations, although 3 of them declined to publish details of their leadership structure and I was unable to get the information from within my network. One of these, incidentally, is Alphabet... In the 'A's, the

Future of Executive Teams: evolution from today's state

This is the latest part of my thought experiment on the future of executive teams (ExCos). Thus far I’ve looked at the starting point in FTSE 100 ExCos , at roles that would allow them to defend their position in a Digital Economy, at roles that would enable them to create new growth and latterly at the most likely configuration of roles on the team. In this post I’m going to explore how today’s ExCo can evolve into the future. My conclusion in terms of makeup is that the ExCo should effectively halve in size from today’s average of 10 roles to 5 in the new configuration. Today’s average ExCo consists of: CEO CFO COO CHRO A Geographic Market Leader 2 Market Vertical Leaders CIO or Chief Digital Officer General Counsel CSO Before I talk about the future positions in a fully-installed Digital Economy, I need to do some renaming. Some of you might regard this as an atypical reversion to conventionalism… but it has been pointed out (kindly) that some of this work is

Do you need a CAIO?

I got into a conversation with a few colleagues last month about the thorny issue of ‘AI Strategy’. Turns out that this is now a thing that organisations want. I kind of wonder why they want it if I’m honest, but the customer is always right and all. Anyhow, it got me thinking about who owns AI in a business. So let’s take a break from thinking about executive team roles and think it through.  If you believe the hype then we are entering a phase of the economy in which automation radically changes the nature of work within a generation. AI experts will doubtless splutter at the idea that automation and AI are the same thing. I’m using the former in a more general sense. Artificial intelligence algorithms automate certain classes of decisions that hitherto required a subset of human biology to accomplish. By that definition AI tools are basically the same as other IT tools. An enterprise resource planning or warehouse management system automates administration tasks that a human bein