Robert Gordon, an economist at Northwestern University, likes to play a game he calls Find the Robot. As he goes about his everyday life - shopping, traveling through airports - he looks for machines performing tasks that humans once handled. Most of what he sees doesn't impress him.
Managers are increasingly nervous about the lack of progress in their digital initiatives. Too often, organizations merely add digital "pixie dust" to traditional processes or engage in a frenzy of digital experiments and ventures. Rather than drive competitive advantage, these efforts leave companies more vulnerable.
Sixty-six percent of shoppers are more likely to purchase at retailers that offer in-store mobile technology, an increase of 52 percent year over year, according to a SOTI poll of consumers. As many as 73 percent of respondents view the availability of in-store mobile technology as a signal of better customer service and loyalty, up 26 percent from the previous year.
Will a robot run my organization in 10 years? Maybe, even though a chief executive's job, which requires a fair amount of problem-solving and creativity, is probably less susceptible to automation than middle-skill jobs such as machining and bookkeeping. At the same time, new research shows that most jobs have some proportion of tasks that can be substituted by workplace automation. Including a CEO's job.
Since retailers - even major ones - tend not to spend money on research and development, many need guidance to keep up with the changes technology is bringing to the industry. What they need is Innovation as a Service.
While most of the world has fixated on the plunging Shanghai and Shenzhen stock exchanges and Beijing's missteps managing the currency, China's labor market has become increasingly fragile. As wage arrears and layoffs grow, unrest in factories and on construction sites is spreading.
Following up on last fall's successful campaign to include a port performance statistics program in the federal long-term surface transportation bill, the National Retail Federation now leads a coalition of more than 100 groups in sending specific recommendations to the Department of Transportation.
The new year is here, and bringing some important changes for the freight industry. The Federal Motor Carrier Safety Administration has been preparing to do away with various different registration numbers, in favor of a more simplified Unified Registration System (URS). The first stage of its implementation already began in December, and the second one is to be rolled out later this year.
GE, which has a long-term strategic partnership to explore cooperation in the areas of industrial internet, healthcare and advanced manufacturing with Qingdao Haier Co., has agreed to sell its Appliances business to the Chinese company for $5.4bn.
Back in 2011, security researcher Jay Radcliffe hacked into his own insulin pump, demonstrating how a remote user could potentially deliver a fatal dose of insulin to an unsuspecting diabetic. It was a dramatic way to show the medical device industry how insecurity of devices could lead to life-threatening situations.