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Friday, April 03, 2015

Reimagining the Boardroom with Data and Analytics

Similar to some of our own experiments.    Focus the right data to the right people at the same time AND connect that data to interactive visualizations and analytics and AI to make that data come alive.   Some of own related experiments are described here.

Reimagining the Boardroom for an Age of Virtual Reality and AI  (HBR)  
They’re starting to use more digital tools to gather information, post questions and comments, connect individuals in remote locations, and present ideas more visually. (Examples include collaboration platforms such as MeetX, Virtualboardroom, Diligent, and Boardpad.) But there are plenty of other tools they could be using to do their jobs better — technologies that have proved useful in other contexts. ... 

Through virtual-reality technology, for instance, boards could gain a deeper understanding of their companies and the value they create. In a gaming context, the idea is to put on a headset and enter a different world, try on a different perspective. (Some headsets really immerse you in the experience.) But business applications for VR are starting to take off, too. By using the technology to play the role of customer, investor, product developer, factory worker, and so on — making the kinds of choices they must make — board members could see the business (somewhat literally) from various stakeholders’ vantage points. It would be an antidote to the insularity that so many boards are criticized for, and a useful complement to the simulations and war-game tools that help with scenario planning and anticipating competitors’ moves. ...   "

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