Dream Big (Data)
Friday, January 29, 2021
Thursday, January 21, 2021
Blackberry Thumb
Blackberry introduced two-way pager in 1996. It provided its users with a cellphone that has instant messaging system, email, web browser, trackball to scroll and a full QWERT keyboard. More than 50 million of them were sold in 2011 (Appolonia, 2019). During its peak of success, the company was worth few billion dollars. It was a status symbol of many wealthy. A new medical condition called ‘blackberry thumb’ appeared. Yet, it ended up in Time’s ‘The 20 most successful technology failures of all time’ (Eadicicco L. et. al., 2017). Steve Job introduced iPhones that offered everything that blackberry offered to its customers but had better user experience. Blackberry failed to foresee the disruption that iPhone was creating. It failed to adapt quickly to the changes. By the time Blackberry introduced touchscreens other companies have mastered the technology. Blackberry did not allow its instant messaging service to be installed in other devices and number of other app developers jumped on that opportunity. Steve Job’s marketing and innovation brilliance and Blackberry’s resistance to change were the reason for its downfall.
Sociotechnical systems incorporate collaboration between people and technology in the workplace. Even though technology could resolve many issues it could introduce new issues. When Blackberry was first introduced, many corporations jumped on the opportunity to keep their employees connected 24/7. Not all employees who got Blackberry were thrilled by it. Some called it ‘technology leash’ that kept them under control all the time (Krippendorff, 2011). Because of these technologies, some employees find it had to let go of work, even after leaving work. It spoils their personal life and adds unnecessary stress. Technology also introduces risks like data breach. Nowadays, a data breach could bankrupt a company (Galvin, 2018).
A newer technology introduced at work could soon become obsolete. Just like New Coke, Blackerry, pagers, Segway, Window 8 and Google Glass became obsolete, a technology could become irrelevant or obsolete for multiple reasons. Some forces that could make an innovation fail are market competition, customers’ preference, technology glitches, practical issues in adapting to newer technology, cost, geo-political climate, and cultural barriers.
References
Appolonia A. (2019). How BlackBerry went from controlling the smartphone market to a phone of the past. Retrieved from https://www.businessinsider.com/blackberry-smartphone-rise-fall-mobile-failure-innovate-2019-11
Eadicicco L. , Peckham M., Pullen J., Fitzpatrick A. (2017)., The 20 most successful technology failures of all time. Retrieved from https://time.com/4704250/most-successful-technology-tech-failures-gadgets-flops-bombs-fails/
Krippendorff K. (2011). The Flow of Technology Adoption Reverses. Retrieved from https://www.fastcompany.com/1755281/flow-technology-adoption-reverses
Galvin J. (2018). 60 Percent of Small Businesses Fold Within 6 Months of a Cyber Attack. Here's How to Protect Yourself. Retrieved from https://www.inc.com/joe-galvin/60-percent-of-small-businesses-fold-within-6-months-of-a-cyber-attack-heres-how-to-protect-yourself.html
Sunday, January 10, 2021
Scenario Planning
Forecasting and scenario
planning try to foresee the future with the understanding of past events.
Statistical forecasting uses systematic analysis of data to understand causal
relationship between influential factors. Systematic analysis of past data
using statistical forecasting models provide a repetitive and a reproducible
analytical pattern. Scenario planning on the other hand, helps to innovate and
tries to predict the future that is different from the past. In scenario
planning, instead of relying on past data, one’s intuition is used to provide a
story about the plausible future. As per Shell Global’s scenario guide (2013), scenarios
“may describe a context and how it may change, but they do not describe the
implications of the scenarios for potential users nor dictate how they must
respond”. Scenario planning organizations to prepare to face uncertainties in
the future (Aldabbagh,
& Allawzi, 2019).
Scenario planning is a collaborative,
conversation-based process that uses ideas from people within an organization
to come up with plausible future state. It allows people with varying amount of
expertise and knowledge to come together as one team to generate ideas. Scenario
planning requires a congenial environment where free flow of ideas is allowed.
Any idea, unless deemed logically implausible, should be allowed, and discussed.
The presence of people with diverse knowledge in the discussion allows different
perspectives to be presented for each scenario. Unlike forecasting, for
scenario planning, consensus is not required (Shell Global, 2008). Stories from scenario
planning should be measure using quantitative or qualitative methods. Measuring
each story systematically would allow organizations to face uncertainties
better than just documenting future scenarios. Having measured outcomes for
each scenario would also enable organizations to take new initiatives to address
future challenges.
Though scenario planning helps with
innovation and has many advantages over forecasting, it has some weaknesses
also. As per Aldabbagh,
and Allawzi (2019), “a qualitative approach has to put a strong emphasis
on the selection of suitable participants/experts, and in practice, this could
not be an easy task to fulfill. Thus, a deep understanding and knowledge of the
field under investigation is necessary”. Thus, the success of scenario planning
is directly dependent on the knowledge and the wisdom of the participants.
Scenario planning takes time to generate ideas and collect data. Participants
in scenario planning could be biased and completely ignore inconvenient and uncomfortable
future plausible scenarios. Scenario planning could potentially provide wrong
level confidence in facing future challenges. Management could fall into the
trap of over confidence by wrongly assuming that all future risks have been
properly hedged.
Scenario
planning at Royal Dutch/Shell company
Royal Dutch/Shell company has been using scenario planning for more than 45 years to innovate and get ready for future changes in the marketing place. Scenario planning has helped Shell to successfully navigate thru the oil crisis in the 70’s. As per Wilkinson and Kupers (2013), “Shell scenarios are intended to set the stage for a future world in which readers imagine themselves as actors and are invited to pay attention to deeply held assumptions about how that world works”. It encourages the participants to not just look at the data but to make wise judgements about future plausible scenarios. In scenario planning, it is possible to generate numerous scenarios that are not relevant. At Shell, the scenarios were required to be relevant and challenging. Shell emphasized on “Deep listening” through structured interviews to allow uncomfortable scenarios to be carefully analyzed (Wilkinson & Kupers, 2013). To discuss tough scenarios, story telling was encouraged. It allowed employees to avoid arguments and successfully discuss complex and tough scenarios. Scenario planning created a culture in which ideas could be freely discussed. When questions are asked, it forced the managers to provide thoughtful answers. Future scenarios were carefully analyzed, and numbers were attached to the scenarios. It allowed these scenarios to included as part of future strategic planning. When the oil crisis of 1973 occurred, Shell has already analyzed a comparable scenario ahead of time and they were ready to face the crisis.
Summary
Scenario planning is a powerful tool
that could be used for future innovation efforts. When the right set of
participants are chosen carefully and free flow of information is encouraged,
scenario planning could reveal plausible future scenarios and spur innovation.
It is not just required to come up with plausible future scenarios, but they
should be carefully analyzed and also should be added to the organization’s broader
future strategy.
References
Aldabbagh,
I., & Allawzi, S. (2019). Rethinking scenario planning potential role in
strategy making and innovation: a conceptual framework based on examining
trends towards scenarios and firm's strategy. Academy of Strategic
Management Journal, 18(5), 1-14. Retrieved from https://proxy.cecybrary.com/login?url=https://www-proquest-com.proxy.cecybrary.com/scholarly-journals/rethinking-scenario-planning-potential-role/docview/2386340930/se-2?accountid=144789
Schwarze,
M. L., & Taylor, L. J. (2017). Managing uncertainty — harnessing the power
of scenario planning. The New England Journal of Medicine, 377(3),
206-208. doi:http://dx.doi.org.proxy.cecybrary.com/10.1056/NEJMp1704149
Shell
Global. (2008). Scenarios: An Explorer's Guide. Retrieved from https://www.shell.com/energy-and-innovation/the-energy-future/scenarios/new-lenses-on-the-future/earlier-scenarios/_jcr_content/par/expandablelist/expandablesection_842430368.stream/1519772592201/f5b043e97972e369db4382a38434d4dc2b1e8bc4/shell-scenarios-explorersguide.pdf
Wilkinson A. & Kupers R., (2013) Living in the Future. Harvard
Business Review. Retrieved from https://hbr.org/2013/05/living-in-the-futures
Tuesday, December 22, 2020
Talking to Computers
Predicting the Future
Forecasting and scenario planning try to predict
future by using data and wisdom from the past. Predicting the business climate
of the future allows organizations to make changes to their current strategy.
Any business that fails to adapt to changes is guaranteed to fail.
Understanding the current disrupting forces and future market demands will
enable an organization to innovate better. Royal Dutch/Shell used scenario
planning during oil crisis to understand forces that were causing the
disruption and how it should adapt for the future (Ramirez, et. al., 2002).
Scenario planning is one of the strategies that could be used by businesses to
predict plausible futures, best and worst-case future scenarios or the optimal
situation that should be created in the future. Scenario planning uses
iterative sessions to extract knowledge from diverse set of induvial from an
organization to predict the future.
Talking to Computers
Twenty six years ago, Nicholas Negroponte, director of MIT's Media Lab, in an email to Wired, predicted that in another 15 years human beings will be talking to the computers instead of using graphical interfaces. The speech recognition technology was in its infancy in 1994 but Negroponte was envisioning about not sitting right in front of a computer but talking to it like a human being. Back in 1994 Negroponte was able to understand the forces that would impact the future of speech recognition. The intonations used in a human conversation could express different feelings like sarcasm, compassion, exasperation, etc. Negroponte suggested that technology should be sophisticated enough to understand human emotions in speech. With advancement in algorithms, machine learning and AI, today, computers can understand human feelings much better than 26 years ago. Another force that impacted successful recognition of speech was the number of words that could be successfully stored in the memory of the computer. With advancement in computer processing speed, memory, internet, cloud computing, machine learning and AI, speech recognition has become a reality. Today we can use applications like Siri and Alexa and speak to computers, from a distance just like Negroponte envisioned twenty six years ago.
References
Ramírez R., Churchhouse S., Palermo A, Hoffmann J.
(2020). Using Scenario Planning to Reshape Strategy. MIT Sloan Management
Review.
Negroponte N. (1994). Talking to Computers: Time for a
New Perspective. Retrieved from https://www.wired.com/1994/02/negroponte-9/
Forecasting Vs Scenario Planning
Forecasting
Forecasting
is the act of predicting future by using past data. For centuries we have been
forecasting events like travel time, weather, duration to complete a
construction project, etc.. Complexities of forecasting can vary from simple
fairy tales to well formulated statistical predictive models. Forecasting
allows us to make decisions without absolutely knowing the future. Castel, et.
al. (2019) suggest four characteristics that are essential for any forecasting
instrument – (a) there are regularities to be captured; (b) those regularities
are informative about the future; (c) the proposed method captures such
regularities; yet (d) excludes distorting non-regularities (noise). Forecasting
models use past regularities in the data to understand the effect of different
factors on the outcome.
Scenario Planning
When
the future is uncertain and the current norms are disrupted by unforeseen
circumstances, scenario planning might provide a method to chart the future.
Scenario planning was used heavily during world war II and helped Royal
Dutch/Shell company during oil crisis. Some scenario planning approaches try to
predict the best case and worst-case scenarios while others try to present the
most optimal state that should be created in the future (Ramírez et. al., 2020). Oxford scenario planning method, as per Ramírez et. al. (2020), “by recognizing
the part of uncertainty that is unpredictable and by actively exploring the
sources of the turbulence and uncertainty, the goal is to iteratively and
interactively generate new knowledge and insights to help organizations
perceive their circumstances”. Scenario planning uses all levels of expertise
within an organization to brainstorm and understand how future might be reshaped
by current events. During scenario planning, multiple iterations are conducted to generate new
knowledge and plausible future scenarios.
Advantages and Disadvantage of Forecasting
and Scenario Planning
Both
forecasting and scenario planning try to foresee the future with the
understanding of past events. Statistical forecasting uses systematic analysis
of data to understand causal relationship between influential factors. Systematic analysis of past data using statistical forecasting models provide a
repetitive and a reproducible analytical pattern. Statistical forecasting
models try to eliminate bias by focusing on the data than opinions. On the
other hand, scenario planning uses the knowledge and intuition of multiple
individuals. When future is changing drastically from the past, statistical
forecasting will not be able to predict future. It requires human intuition.
Also, when data about the past is not available, statistical models will not
perform well. Scenario planning, because of the expertise of individuals
involved in the discussion, could perform better even when some of the data
from the past is not available. At the same time, scenario planning could introduce tunnel vision
and prevent individuals to confront all plausible future scenarios.
References
Castel, J. L., Clements, M. P., & Hendry, D. F.
(2019). Forecasting: An essential introduction. New Haven: Yale
University Press
Ramírez R., Churchhouse S., Palermo A, Hoffmann J.
(2020). Using Scenario Planning to Reshape Strategy. MIT Sloan Management Review.
Sunday, December 20, 2020
Accidental Inventions
A number of scientific discoveries
appear to happen purely thru luck. Invention of sticky notes, Febreze, saccharin
(artificial sweetener), x-ray, pacemaker, etc. appear to be accidental. But, Louis
Pasteur, the famous French biologist, famously said “in the field of
observation chance favors only the prepared mind”. In this blog we will see that
the history of the invention of penicillin and graphene prove that chance does
not favor everyone but, at times, it seems to favor the prepared mind.
Penicillin – The Miracle Drug
As early as 15th century, Paracelsus
was able to explain normal function of human being and diseases in terms of chemical
synthesis and pioneered drug discoveries. But, even at the turn of the 20th
century the chemical that would kill a microorganism and leave the host
unaltered was not discovered (Rifkind & Freeman, 2005). Paul Ehrlich was
able to discover the magic bullet for treating syphilis around 1910 but the
search for more magic bullets remain futile (Lagerkvist, 2003).
In 1928, Alexander Fleming, a Scottish bacteriologist
working in St. Mary’s Medical School in London, was studying staphylococcus. He
left a culture plate open on his desk and went on a vacation. When he returned
from vacation, while talking to a friend, noticed a zone around the invading
fungus on the culture plate in which the bacteria did not grow. He found that an
air borne fungus, which is closely related to the mold that grows in bread, has
fallen into the culture plate. Alexander Fleming obtained an extract from the
mold and called it penicillin (Gaynes,
2017). Alexander Fleming found the synthesis of penicillin to be very hard,
but the world war II increased the demand for a drug that would heal the
infection of soldiers. It took more than 10 years since the day of its original
discovery to create a process to isolate penicillin from broth culture (Rifkind
& Freeman, 2005).
Graphene
– The Miracle Material
Graphene, the material that could revolutionize biomedical, technology, transportation, energy, etc. was discovered when two scientists at the University of Manchester when they were playing about with flakes of carbon graphite (Conner, 2013, Nanographi., n.d.). Geim and Novoselov were using the sticky tape to remove some flakes from a pile of graphite and found that some flakes were thinner than others. By repeatedly peeling off layers from the pile of graphite, they managed to separate the thinnest layer of the material that is one atom thick. The one atom thick material is graphene and is found to be useful from solar cells to alcohol distillation to dialysis. In an interview with Steve Conner of Independent, the co-inventor and Nobel laureate Novoselov, said “a playful idea is perfect to start things but then you need a really good scientific intuition that your playful experiment will lead to something, or it will stay as a joke forever” (Conner, 2013).
Though it could appear as if Geim and Novoselov invented graphene by chance, a deeper look at their approach would reveal that there is a method to the madness. They both frequently held 'Friday night experiments' where they tried new and different experiments that is not related to their day job. They also had a playful approach to conducting research. It was during one of these Friday night experiments, while playfully removing layers of graphite they discovered graphene (Conner, 2013). Just like Louis Pasteur noted chance favors the prepared mind and Geim and Novoselov were prepared to capitalize on the opportunity that chance provided them.
References
Rifkind, D., & Freeman, G. L. (2005). The nobel prize winning discoveries in infectious diseases. San Diego: Elsevier Science & Technology.
Lagerkvist, U. (2003). Pioneers of microbiology and the nobel prize. Singapore: World Scientific Publishing Co. Pte. Ltd.
Gaynes R. (2017). The discovery of penicillin - new insights after more than 75 years of clinical use. Emerging Infectious Disease. Retrieved from https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5403050/#R2
Nanographi. (n.d.). 60 uses of graphene. Retrieved from https://nanografi.com/blog/60-uses-of-graphene/
Conner S. (2013). The graphene story: how Andrei Geim and Kostya Novoselov hit on a scientific breakthrough that changed the world... by playing with sticky tape. Retrieved from https://www.independent.co.uk/news/science/graphene-story-how-andrei-geim-and-kostya-novoselov-hit-scientific-breakthrough-changed-world-playing-sticky-tape-8539743.html
Wednesday, December 2, 2020
Dream Big (Data) - Introduction
In near future, Big data and new innovative ideas will transform our society in ways we have only dreamed before. With advancements in Internet of Things (IoTs), genetics, wearable devices, smart home technologies, etc. huge volume of data is generated. This deluge of data provides us with a great opportunity to improve the well being of our society. For example, insurance companies will be able collect all data about a person - health history, hobbies, personal and professional activities, all properties owned, online behavior, etc. and provide coverage for all risks that he or she faces. Cities will be able to collect and synthesize data to control traffic patterns, deploy first responders, control pandemics, etc. Big data also pose several privacy and security challenges (Slade, 2020). When used carelessly, it could hurt rather than help our society.
Futuring and Innovation is one of the courses at Colorado Technical University as part of my doctoral studies in big data. As part of the curriculum we are encouraged to innovate and dream big on the possibilities that are in front of us. I will be using this blog to dream big and post my innovative ideas on the use of big data.References
Blogger. (n.d.).
Retrieved from http://www.blogger.com
Slade, R. (2020). I [Love|Hate] Big
Data. ISSA Journal, 18(11), 7.
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A number of scientific discoveries appear to happen purely thru luck. Invention of sticky notes, Febreze, saccharin (artificia...
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In near future, Big data and new innovative ideas will transform our society in ways we have only dreamed before. With advancements in Int...
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Forecasting and scenario planning try to foresee the future with the understanding of past events. Statistical forecasting uses systematic a...