MIT Sloan Management Review

Digital Health Care Platforms Need a Different Approach to Succeed

Retrieved on:

Tuesday, March 12, 2024

Organization, Ecosystem, Chalmers University of Technology, Apple, Learning, Local government, Digital, Business, MIT Sloan Management Review, Patient, Policy, Entrepreneurship, Insurance, Airbnb, Economics, Physician, Health

CAMBRIDGE, Mass., March 11, 2024 /PRNewswire/ -- New research released from MIT Sloan Management Review reveals that the general best practices that have proven successful for digital platforms in other business contexts are less useful in the context of health care. "Health Care Platforms Need a Strategy Overhaul" sheds light on how platform strategy must evolve as it is applied to solve new problems in new markets.

Key Points:

Changes in digital strategy in health care sector will contribute to higher-quality, more innovative health services
Over the past four years, researchers Marcus Holgersson, Joakim Björkdahl, Anna Essén, and Johan Frishammar have identified the unique challenges digital health care platforms face.
"Health Care Platforms Need a Strategy Overhaul" outlines a three-part approach for making such platforms grow and succeed.
"Digital health care platforms, if done right and implemented well, can be a large step in solving the productivity crisis in health care," concludes Frishammar, professor of entrepreneurship and innovation at Luleå University of Technology in Sweden.
They conducted 108 interviews in 14 organizations — four major digital primary care platforms, two platform technology developers, five established public and private health care providers, two health care agencies, and the Swedish Association of Local Authorities and Regions — and with individual users of digital health platforms.

New Research Reveals That 90% of Organizations Using AI to Create KPIs Report KPI Improvement

Retrieved on:

Tuesday, February 13, 2024

BCG, AI, Management, MIT, MIT Sloan Management Review, Boston Consulting Group, Digital, Organization, Need, Digital economy, Research, Human, Sales

BOSTON, Feb. 13, 2024 /PRNewswire/ -- Despite tremendous advances in analytics and AI capabilities, key performance indicators (KPIs) increasingly fail to take advantage of them to deliver the information and insights leaders need to succeed. However, according to a new report released today by MIT Sloan Management Review (MIT SMR) and Boston Consulting Group (BCG), an increasing number of companies are using AI to make KPIs more forward-looking and connected, dramatically improving legacy performance metrics.

Key Points:

The report, titled The Future of Strategic Measurement: Enhancing KPIs With AI , presents findings from MIT SMR and BCG's seventh annual global research study on AI and business strategy.
This report finds most companies have yet to exploit the capabilities of AI to measurably improve their most important metrics.
Nine out of 10 organizations with AI-enhanced KPIs agree or strongly agree that their KPIs have been improved by the technology.
The survey data affirms that companies using AI to create new KPIs see an array of business benefits compared with those companies that don't use it.

Walmart’s Michael DeWitt Joins Scoutbee’s Strategic Advisory Board

Retrieved on:

Wednesday, January 17, 2024

Data Analytics, Environmental, Social and Governance (ESG), Logistics, Supply Chain Management, Professional Services, Transport, Spend, MIT Sloan Management Review, HP, Intelligence, AI, Walmart, Workflow, Central Waqf Council, SAB, Advisory board, Harvard Business Review, Sales

Scoutbee , the leading AI-powered supplier intelligence and discovery platform, today announced the appointment of Michael DeWitt , Vice President of Indirect Spend Management and Center of Excellence at Walmart International, to its Strategic Advisory Board (SAB) .

Key Points:

Scoutbee , the leading AI-powered supplier intelligence and discovery platform, today announced the appointment of Michael DeWitt , Vice President of Indirect Spend Management and Center of Excellence at Walmart International, to its Strategic Advisory Board (SAB) .
He has led four ground-up procurement transformations and created world class strategic sourcing groups.
“Michael’s experience, deep knowledge, and passion for AI-led procurement transformation makes him a natural fit for our Strategic Advisory Board.
I’m thrilled to join the Advisory Board and help the team at Scoutbee continue to advance the industry,” said Michael DeWitt.

Five Key Trends in AI and Data Science for 2024 From MIT Sloan Management Review

Retrieved on:

Tuesday, January 9, 2024

Synthetic media, MIT Sloan Management Review, Thought, MLOps, Davenport, Data science, Distinguishing, Information technology, AI, Algorithm, Babson College, Data, Automation, Artificial intelligence, Digital economy, Digital, Organization, Management

CAMBRIDGE, Mass., Jan. 9, 2024 /PRNewswire/ -- MIT Sloan Management Review reveals the insights of more than 500 senior data and technology executives in " Five Key Trends in AI and Data Science for 2024 ," a part of its AI in Action series.

Key Points:

CAMBRIDGE, Mass., Jan. 9, 2024 /PRNewswire/ -- MIT Sloan Management Review reveals the insights of more than 500 senior data and technology executives in " Five Key Trends in AI and Data Science for 2024 ," a part of its AI in Action series.
Orgs need to continually adjust data science skills and processes to get the full value from data, analytics, and AI.
But it's not a static discipline, and organizations need to continually adjust data science skills and processes to get the full value from data, analytics, and AI," said Davenport.
"Five Key Trends in AI and Data Science for 2024" culls the surveys to identify developing issues that should be on every leader's radar screen this year:
Generative AI sparkles but needs to deliver value.

New MIT Sloan Management Review Article Reveals that the AI Industry Could Soon Be One of the Largest Contributors to Carbon Emissions

Retrieved on:

Tuesday, December 12, 2023

Carbon, Data management, Natural Resources, Sundberg, Kuehne + Nagel, Climate change, Layoff, Machine learning, MIT Sloan Management Review, Water, Heat, ChatGPT, AI, Microsoft, Education, Architecture, Renewable energy, Medical device

Training OpenAI's GPT-3 model is estimated to have used the equivalent of 120 average U.S. households' annual energy consumption.

Key Points:

Training OpenAI's GPT-3 model is estimated to have used the equivalent of 120 average U.S. households' annual energy consumption.
An average data center, critical infrastructure for AI, consumes the equivalent of heating 50,000 homes yearly.
"Several factors contribute to the carbon footprint of AI systems throughout their life cycles," explains Niklas Sundberg, author of the article, " Tackling AI's Climate Change Problem ."
The MIT Sloan Management Review article " Tackling AI's Climate Change Problem " publishes at 8 a.m.

MIT SMR Addresses What Managers Everywhere Must Know About Caste and How It Shapes Inequities in the Workplace.

Retrieved on:

Wednesday, November 1, 2023

Create, Workplace, MIT Sloan Management Review, Organization, University, Address, Dell, Organic, Apple, Stereotype, Culture, Bias, Perception, Toy, Alphabet, Amazon

MIT Sloan Management Review identifies the unique challenges caste poses to managers and ways to identify and address this bias to create a more equitable workplace.

Key Points:

MIT Sloan Management Review identifies the unique challenges caste poses to managers and ways to identify and address this bias to create a more equitable workplace.
Bapuji and the coauthors of " What Managers Everywhere Must Know About Caste " clarify how caste operates indirectly through identity, resources, networks, and culture.
What Managers Everywhere Must Know About Caste " urges leaders and organizations to:
Explicitly identify caste as a protected category: Make caste a protected category.
The MIT Sloan Management Review article " What Managers Everywhere Must Know About Caste " publishes at 8 a.m.

New Research From MIT SMR Shows How Toxic Culture, Workload, and Lack of Leadership Support Factor Into the Post-Pandemic Nursing Shortage

Retrieved on:

Wednesday, October 18, 2023

Element, MIT, Feedback, XGBoost, Index, Job satisfaction, Nursing, MIT Sloan Management Review, Research, Learning, COVID, Glassdoor, COVID-19, Hospital, MIT Sloan School of Management, Culture, Management, Communication, Workload

CAMBRIDGE, Mass., Oct. 18, 2023 /PRNewswire/ -- According to new research released today in MIT Sloan Management Review, the nursing shortage in the U.S. is not only about compensation and workload, but rather is being driven by toxic workplace culture and a disconnect between leadership and the front lines.

Key Points:

Toxic culture is more than twice as predictive of their overall satisfaction than compensation or workload.
The results revealed the four factors that most shape nurses' job satisfaction — compensation, workload, toxic culture, and organizational support.
The MIT Sloan Management Review (MIT SMR) article, " The Real Issues Driving the Nursing Crisis ," publishes 8 a.m.
The topics were derived from research on various elements of employees' experiences, including culture, compensation and benefits, work schedules, and perceived organizational support.

NovoEd Launches LXI: Free Learning Change Management Certification for Executives

Retrieved on:

Tuesday, September 19, 2023

SAN FRANCISCO, Sept. 19, 2023 /PRNewswire/ -- NovoEd, the leading social and collaborative cohort learning platform, welcomes its first executive participants on Oct. 9, 2023 to LXI: Learning Experience Impact — a new, free certification course designed to help leaders demonstrate and promote the business value of workforce development initiatives at their organizations. LXI follows the LXD: Learning Experience Design course by NovoEd, through which more than 35,000 people from six continents have elevated their skills since 2016.

Key Points:

LXI follows the LXD: Learning Experience Design course by NovoEd, through which more than 35,000 people from six continents have elevated their skills since 2016.
NovoEd welcomes its first executive participants on Oct. 9, 2023 to LXI: Learning Experience Impact.
Participants who complete LXI will earn the exclusive free change management credential for learning, HR, and talent professionals available today.
"In LXI, executives will gain the ability to apply and measure intentional change management techniques to better instigate efficiency, production, and innovation across their companies," said Todd Moran, Chief Strategy Officer of NovoEd.

Guild Names Former Workday Leader, Greg Pryor, Senior Vice President of Learning, Knowledge, and Outcomes

Retrieved on:

Thursday, September 7, 2023

Guild , the leader in opportunity creation for America’s workforce, today announced that Greg Pryor will join the company as its Senior Vice President of Learning, Knowledge, and Outcomes, overseeing Guild’s learning and performance management strategy for its employees.

Key Points:

Guild , the leader in opportunity creation for America’s workforce, today announced that Greg Pryor will join the company as its Senior Vice President of Learning, Knowledge, and Outcomes, overseeing Guild’s learning and performance management strategy for its employees.
Pryor joins Guild from Workday, where he was focused on leadership, organization effectiveness, and people and performance systems to help employees excel.
In this role, Pryor will work to ensure that every Guilder continues to have equitable access to opportunity, personal development, and career mobility.
Pryor holds a bachelor’s degree in speech with a focus on business and organizational communication from Emerson College.

Researchers Examine the Profound Influence of Small Choices in Digital Collaboration -- How Public Channels and Private Groups Foster Innovation

Retrieved on:

Tuesday, September 12, 2023

Toronto Metropolitan University, Digital collaboration, Combine, Research, MIT Sloan Management Review, Risk, Creativity, HEC Montréal, Michigan State University, Creative industries, Interior design, Management

Making a private group or a public group via collaboration tools can set teams on different paths toward innovations.

Key Points:

Making a private group or a public group via collaboration tools can set teams on different paths toward innovations.
The interactions studied and released in " The Profound Influence of Small Choices in Digital Collaboration " suggest that when these paths are misaligned, creativity tends to stall.
The MIT Sloan Management Review article " The Profound Influence of Small Choices in Digital Collaboration " publishes at 8 a.m.
The authors studied communications among 215 different groups — of which 109 were public groups and 106 were private — at a large manufacturing company that was using a digital collaboration platform.