To be honest, I don’t know. We all know about progress in language technology, such as Google Translate or Siri or our own Wolters Kluwer technology that we use in the legal area. But we also see that – especially in Europe – we are still locked in our own language and cannot easily transcend this barrier a part from switching into English as a lingua franca. So, where is the innovation?
While sitting in a café in Portoroz, Slovenia last week, I was struck by the almost contradictory situation I was in. Similar to the environment – the beach and sunset reflecting in the water of the Mediterranean Sea – but simultaneously tackling new achievements and major issues with worldwide experts – very demanding on one hand and very relaxing on the other.
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 >
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.
As we all know, the model of a flat earth in contrast to a globe was a common idea even until Columbus tried to sail from Europe to India. He had to face doubts in his crew as well as whether the Earth was really round, so that there was no danger of “falling off the edge.” This model reflects our everyday perception that we stand firmly on the ground and, for example, water is not flowing away from us – following the curvature of the Earth. So, there is actually some ratio and common sense behind it.
But when people acknowledged that Earth in fact was round, a whole new world not only in the literary sense opened up to them and things became possible and even inevitable that were beyond imagination before.
I think that our civilization today is currently figuring out again that the world is round!
To start a blog post with such a phrase in order to introduce the finalization of a 4-year project might sound a bit pathetic. Still I think that LOD2 has opened a new door for Wolters Kluwer and for the industry as a whole to better cope with the fundamental transformation process we already face and will be facing in the coming years.
Playing is one of the human needs that lasts for a lifetime. We all need to have fun and since games are fun, providing players with a positive experience, people engage with games freely (when it is not pathological gambling) and with the mere motivation to enjoy themselves. Why don’t we consider our products for professionals as they were games? Read further >
Do you remember arguing with your partner during your holiday trip, whether the inconvenient street map on his/her lap is saying that you should take the next right turn or not? I do!
For some years now, we are more relaxed, because we have our digital lady telling us where to go. And if she is wrong, we know whom to blame, which strengthens our relationship even more.
What does this tell us about the future of the publishing industry?
Fascinating, isn’t it? This song is older than I am and still fresher than I’ve ever been. It has a (hi)story on its own covering fifty years now. From being the “archetypical protest song” to becoming a part of strategic investment (a hedge fund manager bought the hand-written lyrics for more than $400k).
Still, the underlying question requires if not an answer, yet at least a reaction: How do I deal with change?
When searching in Google for “Data economy,” the first hit I got was a Wikipedia article on: “Economic data!” This sounds almost like an unintended pun.
Data has always been part of the economic system. Some of the oldest artifacts of recorded writing were lists of goods found in Uruk almost 5.500 years ago. But what we are currently observing is that the digital age is fundamentally changing entire industries, e.g. media industry (music or newspapers) or retail (see Amazon!). Moreover, personally identifiable information (sic!) is already contributing to profitable business. So internet technology – in combination with a growing information need in business processes (e.g. hype on Big Data) – is disrupting a lot of processes we are used to work with for a long time. In addition, a completely new quality to how we see and use data in the future is currently emerging.