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Wednesday, February 12, 2020

Way that Emerging Tech is Disrupting Business Strategy

Good piece from HBS Bus School in HBSWK, fairly obvious examples, but worth a look.

Workig Knowledge:  Business Research for Business Leaders

6 Ways That Emerging Technology Is Disrupting Business Strategy  by Danielle Kost

How are AI, data analytics, and the Internet of Things changing the way business leaders think about strategy? Harvard Business School faculty members discuss how emerging technology has changed the rules of competition.

Even though the internet has been publicly available for almost three decades, executives at just about every company are wrestling with how to use digital technology to advance their business strategy.

We asked professors from Harvard Business School’s Strategy Unit how emerging technologies involving artificial intelligence (AI), data analytics, and the Internet of Things are changing the way business leaders think about strategy. Here’s what they said:

1. Talent and data are more critical than ever

“Traditionally, companies focused on technology they own and have exclusive rights to use as a critical driver of competitive advantage. However, increasingly cutting-edge technology is developed as a shared resource where the core technology is freely available to anyone who wants to use it and it is frequently released as open source software.

Therefore, instead of the technology itself, companies are considering their user data and their tech employees as the primary drivers of competitive advantage.”

Frank Nagle (@frank_nagle), an assistant professor who is also affiliated with the HBS Digital Initiative, the Managing the Future of Work Project, and the Laboratory for Innovation Science.  ... "

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