What do we mean by Machine Learning anyway? To the layperson it probably means machines than can learn, ascertain, understand, discern or infer. To my millennia, it means the movie iRobot and the fantasy of machines taking over the world. Here is my practical view on this topic.
There is a lot of friction that companies doing business in multiple countries must hire attorneys to reduce and manage data, especially since each country has its own privacy laws for retention and management of customer and employee data. Rules for advertising, marketing, selling (and collecting taxes on those sales), developing, and enhancing products can differ by country. Labor laws and policies vary by country. Don’t forget, of course, the impact of bilateral and multilateral investment treaties. Large corporations have the resources to hire expert in-house corporate legal departments and pay for services by outside counsel to manage these transaction costs. But what about smaller corporations? After all, 95% of businesses are small businesses. Many of them only have one attorney in their corporate legal departments or have none at all. Yet, like big businesses, they must import and export and manage global supply chains. So how can these smaller businesses manage the transaction costs and reduce the friction of international business? Read further >
When an ambulatory medical practice implements an electronic health record (EHR), what do you think happens to (a) practice productivity (measured by the number of patients seen per provider) and (b) practice revenue? Read further >
My previous post about 3D printing had a great social resonance, with plenty of likes, tweets, and contacts, indicating that it is an extremely interesting topic and a truly disruptive technology. Recently, a young girl received a custom prosthetic hand that was built from a 3D printer. But it still seems to me that the full understanding of its potential is yet to come. Read further >
Patients expect doctors to hold themselves to the highest standards, including an expectation that the care they provide is based upon the latest medical evidence and best practices. But while doctors work diligently to stay current with all of the changes in medicine, it is a nearly impossible task. The volume of clinical information is estimated to double every 3-5 years—while a physician’s capacity to recall and organize relevant medical information remains static. Read further >
Agile, scrum, and lean are the latest buzzwords in the business world. Both startups and big corporations, are moving toward agile for new product development with scrum masters to develop lean products, also called Minimal Viable Product, Minimal Viable Test, or Prototype. Read further >
Easter was and still is an important date in Western civilization. Different traditions have evolved including the Easter Bunny, Semana Santa or the Easter Parade. Still, we need to be aware of the fact that for the majority of people, Easter does not exist! How does this effect our business interactions? Read further >
I like Wolters Kluwer Health’s UpToDate‘s model of current awareness. Subject-matter experts in healthcare monitor articles in medical journals and results of clinical trials and incorporate into the evidence-based clinical decision support guidelines within UpToDate so that medical professionals’ decisions are truly up to date. Instead of merely presenting the most recent journal articles for reading – and there are hundreds of thousands every year – UpToDate presents a “comprehensive synthesis of the evidence.” In summary, UpToDate makes health and medical current awareness actionable. In my opinion, UpToDate is an inspirational model for current awareness for lawyers, accountants and compliance professionals. So how might UpToDate’s model of presenting practice-changing updates manifest in the tax, legal & regulatory space? Here are some examples: Read further >
In 1988 when Mark Weiser first articulated the concept of Ubiquitous Computing, I wonder if he had sensors and wearables in mind? Ubiquitous computing, sometimes called the age of calm technology refers to the era where technology is pervasive or omni-present in our lives, but not dominant. Instead, ubiquitous computing is about technology that recedes to the background. This is where “wearables” will rise!
Artificial Intelligence (AI) has not yet reached a fundamental breakthrough. So far, I see progress in many areas, but somehow it is a horizontal development, as if something cool is still out there waiting to be discovered.