Digital transformation is a prerequisite for most companies to maintain their competitive or leading position. Especially in these uncertain times, it has become apparent that digitization is indispensable for companies if they want to be and remain successful. The company must be agile and innovative and, moreover, always put the customer first (customer-centric). Digitization is a catalyst that can provide the company with a competitive advantage. It is important to be innovative at different levels within the organization. For that to succeed, it is vital that there are commitment and a [...]
What is GPT-3? In February 2019, the artificial intelligence research lab OpenAI sent shockwaves through the world of computing by releasing the GPT-2 language model. Short for “Generative Pretrained Transformer 2,” GPT-2 is able to generate several paragraphs of natural language text—often impressively realistic and internally coherent—based on a short prompt. Scarcely a year later, OpenAI has already outdone itself with GPT-3, a new generative language model that is bigger than GPT-2 by orders of magnitude. The largest version of the GPT-3 model has 175 billion parameters, more [...]
If there is one thing that this Corona crisis has made clear, every organisation needs to digitally transform their business as soon as possible. Digital is here to stay, and organisations are finally aware of it. Covid-19 enabled in days what organisations used to take years: enabling employees to work remotely and embracing digital technologies in their operations. To help organisations in their pursuit of digital transformation, I would like to share a preview with you of my latest book: The Organisation of Tomorrow; How AI, blockchain and analytics turn your business into a data [...]
The world is changing faster than ever before, which was already the case before this terrible COVID-19 pandemic. The Coronavirus is a typical Black Swan that is changing the game forever. Although several people and organisation saw this pandemic coming and warned us extensively, we did not do enough to prevent it from happening. As a result, for the majority of the people and organisation, it is an unexpected event that has a tremendous impact, and in hindsight, we could have seen it coming. Nevertheless, the Coronavirus pandemic is a catalyst for change. We can see that digital is [...]
The world is in crisis, and whenever a crisis occurs, drastic measures could be taken by those involved. In this particular case, the Coronavirus has the entire world in its grip and governments around the world are struggling to contain the health and economic effects of the virus. The lockdown in place in most countries seems to be effective in limiting the spread of the virus. The same applies to social distancing measures now in place all around the world. The good thing about these measures is that they will disappear once the virus is gone, though it might take some time. Eventually, [...]
Humankind is facing the biggest crisis of our generation. Across the globe, economies are coming to a standstill. Globalisation has been put on pause, and once the virus recedes, we will have to get used to the '1,5-meter economy'. For social creatures like humans, this social distancing will prove to be difficult. The longer it will last, the more significant the impact on our daily lives once they end the measures. Especially because temporary measures taken during a crisis have a habit of remaining in place after the crisis is over. In 1-2 years, the Corona crisis will be over, but the [...]
“Don’t waste a crisis” – M.F. Weiner, 1976 A famous quote that has often been linked to Winston Churchill in the form “Never let a good crisis go to waste”. Whoever said it, there is a truth to it, and also now we see governments around the world using the crisis to make changes which could outlast the current crisis: The ‘emergency law’ just accepted in Hungary will allow Viktor Orbán to rule by decree without time limits. The chances that this law will be reverted after the crisis is over are very small; The Chinese government brought state surveillance to new [...]
The Coronavirus crisis has many organisations struggling with the new reality. All of a sudden, entire offices had to shift to remote work, although they might not have been ready for it. However, 'never waste a good crisis' is a famous saying, and despite these challenging times, it also offers new opportunities for organisations. For years, I have been saying that the organisation of tomorrow is a data organisation. This means that organisations have to datafy their business processes and customer touchpoints and use analytics, blockchain, AI and other emerging information technologies to[...]
In 2020, the internet has turned out to have become a different place than it was originally intended. We can safely say that the web is under siege. One of the world’s greatest inventions is fundamentally broken. A relevant example of this is the famous saying “On the internet, nobody knows if you are a dog”. The consequence of it is that as a result of this openness, anonymity and lack of accountability is that we now live in a world where fake (news) is the new normal, trolls and bad bots control the internet, and online accountability is non-existent. As a result, online trust is [...]
Token financing has the opportunity to change the world economy drastically. Security tokens will enable organisations to bring real-world assets online, and decentralised finance (DeFi) aims to replace all existing financial services by decentralised solutions. One class of security tokens, asset-backed tokens, are connected to a tangible or intangible object that has economic value; it essentially digitalises an asset and records its associated information on a blockchain. Tokenising assets, including real estate, companies, art or digital assets, means lowering costs for issuers, but [...]
My Latest Article
Why Digital Transformation Has Become a Prerequisite for Success
Digital transformation is a prerequisite for most companies to maintain their competitive or leading position. Especially in these uncertain times, ...
Read More
Copyright © 2020 Dr Mark van Rijmenam