Source: The Wall Street Journal
AMBERG, Germany—The next front in Germany’s effort to keep up with the digital revolution lies in a factory in this sleepy industrial town.
At stake isn’t what the Siemens AG plant produces—in this case, automated machines to be used in other industrial factories—but how its 1,000 manufacturing units communicate through the Web.
As a result, most units in this 100,000-plus square-foot factory are able to fetch and assemble components without further human input.
The Amberg plant is an early-stage example of a concerted effort by the German government, companies, universities and research institutions to develop fully automated, Internet-based “smart” factories.
Such factories would make products fully customizable while on the shop floor: An incomplete product on the assembly line would tell “the machine itself what services it needs” and the final product would immediately be put together, said Wolfgang Wahlster, a co-chairman of Industrie 4.0, as the collective project is known.
The initiative seeks to help German industrial manufacturing—the backbone of Europe’s largest economy—keep its competitive edge against the labor-cost advantages of developing countries and a resurgence in U.S. manufacturing. Read the rest of this entry »
Source: Foreign Affairs
The Revolution in DNA Science — And What To Do About It
The revolution in genetic engineering that will make it possible for humans to actively manage our evolutionary process for the first time in our species’ history is already under way. In laboratories and clinics around the world, gene therapies are being successfully deployed to treat a range of diseases, including certain types of immune deficiency, retinal amaurosis, leukemia, myeloma, hemophilia, and Parkinson’s. This miraculous progress is only the beginning. The same already existing technologies that will soon eliminate many diseases that have victimized humans for thousands of years will almost certainly be used eventually to make our species smarter, stronger, and more robust.
The prospect of genetic engineering will be exciting to some, frightening to others, and challenging for all. If not adequately addressed, it will also likely lead to major conflict both within societies and globally. But although the science of human genetic engineering is charging forward at an exponential rate, the global policy framework for ensuring this scientific progress does not lead to destabilizing conflict barely exists at all. The time has come for a meaningful dialogue on the national security implications of the human genetic revolution that can lay the conceptual foundation for a future global policy structure seeking to prevent dangerous future conflict and abuse.
The rate of recent progress in human genetics has been astounding. It was only 61 short years ago that the DNA helix was uncovered and a mere 50 years later, in 2003, when the human genome was fully sequenced. The cost of sequencing a full human genome was roughly $100 million in 2001 and is under $10,000 today. If even a fraction of this rate of decrease is maintained, as is highly likely, the cost will approach negligibility in under a decade, ushering in a new era of personalized medicine where many treatments will be customized based on each person’s genetic predisposition. Processes like these will only widen and deepen in the future, just at an exponentially accelerated pace. Read the rest of this entry »
Source: The Economist
Which MBA?, 2014
The Chicago boys, and girls, come top again in our business-school ranking
For the fourth time in five years, the University of Chicago’s Booth School of Business tops The Economist’s ranking of full-time MBA programmes. Even as banking jobs have become scarcer, Chicago, famed for its prowess in finance, has maintained a strong record of placing students in work. Last year 94% of graduates were employed within three months of leaving.
Fifteen of the top 20 schools are American. However, HEC Paris, the top European school, has climbed four places to fourth, mostly because of the impressive salaries its graduates get. The University of Queensland is the top-ranked school outside America and Europe.
This is the 12th time we have published the ranking. Each year we ask students why they decided to take an MBA. Our ranking weights data according to what they say is important. The four categories covered are: opening new career opportunities (35%); personal development/educational experience (35%); increasing salary (20%); and the potential to network (10%). The figures we collate are a mixture of hard data and subjective marks given by the students.
Source: Project Syndicate
Nathan Eagle is the CEO of Jana, a World Economic Forum Technology Pioneer.
BOSTON – Nearly everyone has a digital footprint – the trail of so-called “passive data” that is produced when you engage in any online interaction, such as with branded content on social media, or perform any digital transaction, like purchasing something with a credit card. A few seconds ago, you may have generated passive data by clicking on a link to read this article.
Passive data, as the name suggests, are not generated consciously; they are by-products of our everyday technological existence. As a result, this information – and its intrinsic monetary value – often goes unnoticed by Internet users.
But the potential of passive data is not lost on companies. They recognize that such information, like a raw material, can be mined and used in many different ways. For example, by analyzing users’ browser history, firms can predict what kinds of advertisements they might respond to or what kinds of products they are likely to purchase. Even health-care organizations are getting in on the action, using a community’s purchasing patterns to predict, say, an influenza outbreak.
Indeed, an entire industry of businesses – which operate rather euphemistically as “data-management platforms” – now captures individual users’ passive data and extracts hundreds of billions of dollars from it. According to the Data-Driven Marketing Institute, the data-mining industry generated $156 billion in revenue in 2012 – roughly $60 for each of the world’s 2.5 billion Internet users. Read the rest of this entry »
Source: Technology Review
One of the characteristics of our increasingly information-driven lives is the huge amounts of data being generated about everything from sporting activities and Twitter comments to genetic patterns and disease predictions. These information firehoses are generally known as “big data,” and with them come the grand challenge of making sense of the material they produce.
That’s no small task. The Twitter stream alone produces some 500 million tweets a day. This has to be filtered, analyzed for interesting trends, and then displayed in a way that humans can make sense of quickly.
It is this last task of data display that Zachary Weber and Vijay Gadepally have taken on at MIT’s Lincoln Laboratory in Lexington, Massachusetts. They say that combining big data with 3-D printing can dramatically improve the way people consume and understand data on a massive scale.
They make their argument using the example of a 3-D printed model of the MIT campus, which they created using a laser ranging device to measure the buildings. They used this data to build a 3-D model of the campus which they printed out in translucent plastic using standard 3-D printing techniques.
One advantage of the translucent plastic is that it can be illuminated from beneath with different colors. Indeed, the team used a projector connected to a laptop computer to beam an image on the model from below. The image above shows the campus colored according to the height of the buildings.
But that’s only the beginning of what they say is possible. To demonstrate, Weber and Gadepally filtered a portion of the Twitter stream to pick out tweets that were geolocated at the MIT campus. They can then use their model to show what kind of content is being generated in different locations on the campus and allow users to cut and dice the data using an interactive screen. “Other demonstrations may include animating twitter traffic volume as a function of time and space to provide insight into campus patterns or life,” they say.
Read the rest of this entry »
Doris Drucker’s endorsement was essential for the launch of the Global Peter Drucker Forum in Vienna as an annual event. Doris made it clear to us from the outset that she did not want to see the Forum in a memorial capacity for Peter Drucker but rather as building on his thinking and moving beyond it – in view of the new challenges of our time. As a visible support to our endeavours she accepted in 2012 to become the Honorary President of the Peter Drucker Society Europe. We are deeply grateful to her for the trust she put in us.
Please find below the links to the tribute for Doris by the Drucker School and the Drucker Institute, the video with her acclaimed speech at the Centennial Drucker Forum in 2009 in Vienna and the opening messages to the Forums 2011, 2012, 2013.
We will miss Doris. However, her encouragement and her commitment to a genuine human oriented management philosophy as envisioned by Peter Drucker will continue to inspire us.
Peter Drucker Society Europe
Dank an R.B.
Der „Springer“-Mann Christoph Keese hat sich das Silicon Valley genauer angesehen. Sein Bericht aus dem Machtzentrum enthält Details, die einem Angst machen können. Deshalb sollte man das Buch lesen.
19.09.2014, von Michael Hanfeld, FAZ
Wegen des Wohnwerts zieht Christoph Keese nicht mit seiner Familie für ein halbes Jahr nach Palo Alto. Die Landschaft ist zwar spektakulär, die Architektur aber ist grauenhaft. Die Bürogebäude: „Pappschachteln aus Beton“, eine neben der anderen. Die privaten Domizile: stilisierter Pomp. San Francisco würde naheliegen, Berkeley vielleicht. Aber Palo Alto? Ja, Palo Alto, denn Keese ist nicht zum Vergnügen hier. Er unternimmt eine Forschungsreise. Sie führt ihn auf einen anderen Planeten und zugleich ins neue Machtzentrum der Welt.
Denn hier hocken sie alle – die großen Internetkonzerne, die kleinen Start-ups und die Finanziers des digitalen Wandels. Hier leben und arbeiten die, die über uns so gut wie alles wissen, während sie von sich selbst so gut wie nichts preisgeben. Sie verdienen mit unseren Daten Milliarden, beherrschen den Informationskreislauf, sind aber weder per E-Mail noch per Handy zu erreichen. Man muss den neuen Herren der Welt auf die Pelle rücken, um genau zu erfahren, warum und wie sie die bestehenden gesellschaftlichen und wirtschaftlichen Verhältnisse aus den Angeln heben.
Man muss ihr Nachbar sein, man muss zum Barbecue gehen, die Kinder müssen auf derselben Schule angemeldet werden. Plötzlich ist man drin. Christoph Keese war drin. Was er erfahren hat, verrät er in seinem ebenso leichthändig formulierten wie tiefgründig lehrreichen Buch „Silicon Valley“ (Knaus Verlag, 19,99 Euro). Read the rest of this entry »
Source: The Economist: Schumpeter
Subject: Philosopher kings
IT IS hard to rise to the top in business without doing an outward-bound course. You spend a precious weekend in sweaty activity—kayaking, climbing, abseiling and the like. You endure lectures on testing character and building trust. And then you scarper home as fast as you can. These strange rituals may produce a few war stories to be told over a drink. But in general they do nothing more than enrich the companies that arrange them.
It is time to replace this rite of managerial passage with something much more powerful: inward-bound courses. Rather than grappling with nature, business leaders would grapple with big ideas. Rather than proving their leadership abilities by leading people across a ravine, they would do so by leading them across an intellectual chasm. The format would be simple. A handful of future leaders would gather in an isolated hotel and devote themselves to studying great books. They would be deprived of electronic distractions. During the day a tutor would ensure their noses stay in their tomes; in the evening the inward-bounders would be encouraged to relate what they had read to their lives.
It is easy to poke fun at the idea of forcing high-flying executives to read the classics. One could play amusing games thinking up titles that might pique their interest: “Thus Spake McKinsey”, or “Accenture Shrugged”, perhaps. Or pairing books with personality types: “Apologia Pro Vita Sua” for a budding Donald Trump and “Crime and Punishment” for a budding Conrad Black. Or imagining what Nietzschean corporate social responsibility would look like. Or Kierkegaardian supply-chain management. Read the rest of this entry »