tarek ashour

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How Regulation Could Help Cryptocurrencies Grow

Ignorance may be bliss for some, but ask anyone in commerce or finance, and they will make it abundantly clear: Ignorance is risk. For that reason, U.S. markets embrace reasonable regulation to ensure transparency and fairness. Stocks are regulated by the Securities and Exchange Commission (SEC), …

4 Ways Leaders Can Protect Their Time and Empower Their Teams

We know that controlling what we pay attention to is the key to living an intentional life. According to an informal poll of my clients, one of the biggest impediments to attention management is “O.P.P.” — other people’s problems. This is a particular problem for my clients in leadership who find …

Management

How to Make an AI Project More Likely to Succeed

A recent survey by Deloitte of “aggressive adopters” of cognitive technologies found that 76% believe that they will “substantially transform” their companies within the next three years. There probably hasn’t been this much excitement about a new technology since the dotcom boom years in the late …

Artificial Intelligence

Most of AI’s Business Uses Will Be in Two Areas

While overall adoption of artificial intelligence remains low among businesses (about 20% upon our last study), senior executives know that AI isn’t just hype. Organizations across sectors are looking closely at the technology to see what it can do for their business. As they should—we estimate …

Artificial Intelligence

A Study of Thousands of Dropbox Projects Reveals How Successful Teams Collaborate

The use of virtual file-sharing platforms like Dropbox, Google Docs, and others has become ubiquitous in business, academic, and other settings. But is your team using such collaborative platforms as effectively as they could be?<p>Whether working on cancer cures or the latest consumer-tech products, …

Top 10

Two Questions to Ask Before You Set Up an Innovation Unit

Despite good intentions—and widespread acceptance of the importance of innovation—efforts to innovate at large companies often lack a clear mission and framework, and as a result, they go off the rails.<p>At one large European energy company we consulted with, no less than four separate corporate …

Innovation

We Need Transparency in Algorithms, But Too Much Can Backfire

In 2013, Stanford professor Clifford Nass faced a student revolt. Nass’s students claimed that those in one section of his technology interface course received higher grades on the final exam than counterparts in another. Unfortunately, they were right: two different teaching assistants had graded …

Machine Learning

5 Mistakes Companies Make About Growth Mindsets

Like any psychological concept that booms in popularity, growth mindset — the dual belief that skills and abilities can be improved, and that developing your skills and abilities is the purpose of the work you do — is ripe for misinterpretation.<p>Hoping to learn how organizations put growth mindset …

Self-improvement

A 5-Part Process for Using Technology to Improve Your Talent Management

At the law firm Allen & Overy, the idea of replacing traditional, annual performance appraisals with a technology-enabled continuous feedback system did not come from human resources. It came from a leader within the practice. Wanting something that encouraged more-frequent conversations between …

Management

Turning Purpose Into Performance

<b>Gerry Anderson,</b> the CEO of DTE Energy, and <b>Robert Quinn</b> and <b>Anjan Thakor,</b> professors at the University of Michigan’s Ross School of Business and the Olin Business School at Washington University, respectively, discuss how an aspirational mission can motivate employees and improve performance. …

Washington University

If the U.S. Gets Into a Trade War with the EU, It Will Lose an Ally in Pressuring China

The European Union’s recent announcement that it is preparing to retaliate if the Trump administration imposes tariffs on EU-made autos leaves no doubt that EU-U.S. cooperation on global trade will be compromised for some time if the tariffs go into effect. Besides whatever damage the conflict …

Globalization

AI’s Next Great Challenge: Understanding the Nuances of Language

Language is a uniquely human capability and the manifestation of our intelligence. But through AI — specifically natural language processing (NLP) — we are providing machines with language capabilities, opening up a new realm of possibilities for how we’ll work with them.<p>Today you can walk into a …

Natural Language Processing

Are You Productive Enough?

<i>Productive: “Achieving or producing a significant amount of result.”</i> <i><br>Enough: “As much or as many as required.”</i><p>As a time management coach, I’m keenly aware that you could answer the question “Am I productive enough?” using a variety of methods. I’m also familiar with the fact that individuals fall on …

Time Management

How Behavioral Economics Could Help Reduce Credit Card Delinquency

With U.S. household credit card debt at an all-time high of more than $1 trillion, delinquent payments can be more costly than ever. For companies, delinquencies can mean massive collection costs and write-offs of entire accounts. For consumers, delinquency can mean late fees, increased interest …

Customers

Want Less-Biased Decisions? Use Algorithms.

A quiet revolution is taking place. In contrast to much of the press coverage of artificial intelligence, this revolution is not about the ascendance of a sentient android army. Rather, it is characterized by a steady increase in the automation of traditionally human-based decision processes …

Machine Learning

How to Advance in Your Career When Your Boss Won’t Help

I recently moderated a panel at a conference and asked the group of successful executives to describe someone who has been instrumental in their careers. Two panelists eagerly jumped in with stories of bosses who had mentored, encouraged, and opened doors for them. Then, hesitantly at first, the …

Leadership

A Quick Review of 250 Years of Economic Theory About Tariffs

As the saying goes, “History does not repeat itself, but it rhymes.”<p>After a long exile, tariffs are back, and they’re being levied on billions of dollars of traded goods, ranging from steel and aluminum to Harley-Davidson motorcycles. They’re part of a trade war between the U.S. and China, and …

Economics

The Democratization of Data Science

Want to catch tax cheats? The government of Rwanda does — and it’s finding them by studying anomalies in revenue-collection data.<p>Want to understand how American culture is changing? So does a budding sociologist in Indiana. He’s using data science to find patterns in the massive amounts of text …

Data Science

The Most Commonly Cited Barriers to Innovation in Large Companies? Internal Politics

It turns out that the word “innovation” is not a Harry Potter-esque magical incantation that, once spoken, renders companies more inventive, creative, and entrepreneurial. The word can be uttered by a CEO speaking to employees or Wall Street analysts. It can be emblazoned on the door to a new …

Innovation

How AI Is Changing Sales

Companies are using AI in all kinds of innovative ways to advance their businesses. If you’ve ever searched Netflix to watch a movie, AI (a recommendation algorithm) was no doubt used in your decision about what to watch. If you’ve shopped on Amazon, your decision about what to buy was also …

Artificial Intelligence

3 Ways AI Is Getting More Emotional

In January of 2018, Annette Zimmermann, vice president of research at Gartner, proclaimed: “By 2022, your personal device will know more about your emotional state than your own family.” Just two months later, a landmark study from the University of Ohio claimed that their algorithm was now better …

Emotional Intelligence

Landing Amazon HQ2 Isn’t the Right Way for a City to Create Jobs. Here’s What Works Instead

Amazon’s highly visible search for a second headquarters has offered one tremendous public benefit: it has raised public awareness of what bad economic development is. Even Saturday Night Live satirized the lengths to which local officials will go to woo a major company, which include offering …

Amazon HQ2

Learning from GE’s Stumbles

<b>Roger Martin,</b> a professor at the University of Toronto’s Rotman School of Management, offers two main reasons General Electric has lost its competitiveness. GE’s stock has been removed from the Dow Jones Industrial Average. Martin blames pressures from activist investors as well as a short-sighted …

University of Toronto

How Managers Can Prevent Their Teams from Burning Out

No organization wants to burn out its employees. And yet, according to new research, companies’ efforts to prevent prolonged stress among their staffs are falling short.<p>When Deloitte recently surveyed 1,000 full-time employees in the United States, we found that 77% had experienced burnout at their …

Employee Engagement

Make “Fairness by Design” Part of Machine Learning

Machine learning is increasingly being used to predict individuals’ attitudes, behaviors, and preferences across an array of applications — from personalized marketing to precision medicine. Unsurprisingly, given the speed of change and ever-increasing complexity, there have been several recent …

Machine Learning

How to Beat Mid-Career Malaise

We all have times when we wonder, “Am I at the right company? Am I in the right job? And is this all there is?” These questions are especially agonizing for mid-career professionals who may be searching for fulfillment while juggling demands at home and intense financial pressures to earn. How …

Ann Arbor

How to Stop Saying “Um,” “Ah,” and “You Know”

Um.<p>Ah.<p>So.<p>You Know.<p>Like.<p>Right?<p>Well.<p>When we find ourselves rattled while speaking — whether we’re nervous, distracted, or at a loss for what comes next — it’s easy to lean on filler words. These may give us a moment to collect our thoughts before we press on, and in some cases, they may be useful …

Body Language

3 Questions About AI That Nontechnical Employees Should Be Able to Answer

Articles about artificial intelligence often begin with an intention to shock readers, referencing classic works of science fiction or alarming statistics about impending job losses. But I think we get closer to the heart of AI in 2018 when we think about small and mundane ways in which AI makes …

Machine Learning

A Blueprint for Digital Companies’ Financial Reporting

On July 25, 2018, Facebook lost market capitalization of more than $100 billion in just two hours of trading after it announced its quarterly performance, despite exceeding analysts’ earnings forecasts. What caused this slump? It failed to meet its revenue and subscriber growth targets. This …

Investing

Why AI Will Shift Decision Making from the C-Suite to the Front Line

Hardly a day goes by without the announcement of an incredible new frontier in Artificial Intelligence (AI). From fintech to edtech, what was once fantastically improbable is now a commercial reality. There is no question that big data and AI will bring about important advances in the realm of …

Artificial Intelligence