The Rapid Response Institute

Tag: technology adoption

  • A Model for Technology Adoption

    A Model for Technology Adoption

    Oh My, I am Swamped by this Firehose of New Technologies.  How can I Understand, Much Less Use These Tools?

    Like most of us, our job is not about new bigger, better, faster IT.  We have the daily grind to attend to and quarterly metrics to make.  What we need from IT providers (internal and external) are the solutions and tools we need to do our jobs.  But how do we know what are the right software solutions and which will disappoint us?

    This is Easier than You Think

    In our forthcoming book to be published by CRC Press in 2025, Navigating the Data Minefields: Management’s Guide to Better Decision-Making we address technology adoption issues at length.  However, while you are waiting to order your copy of these guidelines, there are a few things you can begin with.

    Ask yourself the following questions:

    • What is the quality of your data and how is it used in decision-making processes.?
    • How much do you and your organization know about the challenges and trends in Big Data and associated applications, such as Artificial Intelligence (AI)?
    • How ready is your organization to fund and implement new advanced software/cloud applications?
    • Does your organization know how to realize the full and measurable economic value from these technologies?
    • What is your organization’s appetite for the risks involved from implementing new technologies?
    • How will these technologies be used in your organization?

    Getting a handle on these few questions will give you and your organization a good start in this journey.

    Final Thoughts

    One can make a case that the advent of new information technologies is ramping up.  The expectations this author has for AI, for instance, is just beginning.  Why and How organization take advantage of these solutions is not longer in the hands of the Chief Information Officer or other ‘C’ level individual responsible for keeping the firm abreast of advances.  These are now corner office decisions, and in some cases the Board of Directors will have to concur and/or approve.

    How are you preparing yourself and your organization the Brave New World?

    For More Information

    Please note, RRI does not endorse or advocate the links to any third-party materials herein.  They are provided for education and entertainment only.

    See our Economic Value Proposition Matrix® (EVPM) for additional information and a free version to build your own EVPM.

    The author’s credentials in this field are available on his LinkedIn page.  Moreover, Dr. Shemwell is a coauthor of the just published book, “Smart Manufacturing: Integrating Transformational Technologies for Competitiveness and Sustainability.”  His focus is on Operational Technologies.

    “People fail to get along because they fear each other; they fear each other because they don’t know each other; they don’t know each other because they have not communicated with each other.” (Martin Luther King speech at Cornell College, 1962).  For more information on Cross Cultural Engagement, check out our Cross Cultural Serious Game.  You can contact this author as well.

    For more details regarding climate change models, check out Bjorn Lomborg ands his latest book, False Alarm: How Climate Change Panic Costs Us Trillions, Hurts the Poor, and Fails to Fix the Planet.

    Regarding the economics of Climate Change, check out our blog, Crippling Green.

    For those start-up firms addressing energy (including renewables) challenges, the author can put you in touch with Global Energy Mentors which provide no-cost mentoring services from energy experts.  If interested, check it out and give me a shout.

  • Artificial Stupidity

    Artificial Stupidity

    Listen closely and pay attention as our menu has changed.

    The frustration to the automated phone operator are legend.  All of us have had our issues with this form of (non) customer service.

    Recently this pundit placed a call at a number provided by the vendor and went though all the (voice) menu items, only to hit the ‘other’ button.  At this point, I was advised to dial the number I already had.  So much for Artificial Intelligence (AI) and welcome to the era of Artificial Stupidity.

    Firms are all jumping on the AI bandwagon, even though the technology is immature at best.   Sound like the dot.com bomb of a quarter of a century ago.  One wonders, what damage to their brand are the organizations incurring?

    Enter the MVP Mindset

    In recent years the software development sector has ‘Dumbing Down’ the level of  product commerciality.  Minimum Viable Product or MVP can be defined as, “The version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort.”  Used to be called BETA in the good old days.  Now MVP is often seen as THE commercially released product.  Dah, hence the issues, frustration and lack of credibility in so-called AI solutions.

    All Things AI

    As mentioned, AI is all the rage.  Much like a fashion statement. everyone is jumping on that bandwagon.  But does it work?  Moreover, it encompasses a large spectrum of operations.

    Basically, anything that need big data crunching.  Yet crunching numbers is only interesting at best.  What problem is being solved?  This is where the weakness continues.  Algorithms are only as good as their author.  Some argue machines will take over this task, but one doubts anytime soon.  For example, jet engine commercial airlines are over 65 years old but increasingly seem to have construction/maintenance issues.  What makes us think this technology will be any different?  The Technology Adoption curve can be very lengthy and full of potholes.

    The judicious use of commercial quality software makes the most sense.  Just because every one is doing it is not a shareholder value added.  In many cases a sloppy approach actually decreases equity value.

    What is your organization’s approach to new technology and how does it add value?

    For More Information

    Please note, RRI does not endorse or advocate the links to any third-party materials herein.  They are provided for education and entertainment only.

    See our Economic Value Proposition Matrix® (EVPM) for additional information and a free version to build your own EVPM.

    The author’s credentials in this field are available on his LinkedIn page.  Moreover, Dr. Shemwell is a coauthor of the just published book, “Smart Manufacturing: Integrating Transformational Technologies for Competitiveness and Sustainability.”  His focus is on Operational Technologies.

    “People fail to get along because they fear each other; they fear each other because they don’t know each other; they don’t know each other because they have not communicated with each other.” (Martin Luther King speech at Cornell College, 1962).  For more information on Cross Cultural Engagement, check out our Cross Cultural Serious Game.  You can contact this author as well.

    For more details regarding climate change models, check out Bjorn Lomborg ands his latest book, False Alarm: How Climate Change Panic Costs Us Trillions, Hurts the Poor, and Fails to Fix the Planet.

    Regarding the economics of Climate Change, check out our blog, Crippling Green.

    For those start-up firms addressing energy (including renewables) challenges, the author can put you in touch with Global Energy Mentors which provide no-cost mentoring services from energy experts.  If interested, check it out and give me a shout.

  • Burrattery

    Burrattery

    Burr!  Its winter in the northern hemisphere and many shiver from the cold.  The ‘Many’ include batteries.

    We have know for generations that cold weather negatively affects electrical batteries.  So, it should come as no surprise that Electric Vehicles (EVs) performance can suffer greatly when the temperatures are extremely cold.  This phenomenon is not limited to this power source, diesel engines face similar challenges at very low temperatures.

    Is It All Hype?

    The IT research firm, Gartner has developed a model describing the process from the inception of new technologies to their general acceptance.  The Gartner Hype Cycle is widely viewed as a reasonable model of this process and is applied to a wide variety of technological innovations.  As the title suggests, technology undergoes a process of innovation, disappointment and finally broad acceptance.  Moreover, this process can take many years with the demise of many startup companies that were perhaps even too early in the process.

    According to Gartner, “Data-enabled services, electrification and smart cabins are a part of many technologies in this Hype Cycle.  Most of these technologies continue to be in the Innovation Trigger and Peak of Inflated Expectations, showing they have a lot of potential to disrupt the automotive space, but yet have some way to go before reaching mainstream adoption.”

    Diffusion of Innovations

    Most readers are probably familiar with the so-called Technology Adoption model which is composed of five types of users/buyers:

    1. Innovators
    2. Early Adopters
    3. Early Majority
    4. Late Majority
    5. Laggards

    For these and more reasons (including high prices), it seems that EVs may have a way to go before wide acceptance with more robust battery technologies.  Finally, we previously challenged the perceived low Carbon Footprint of batteries and documented these technologies are not as green as portrayed.  Interested readers can take a look at our blog Crippling Green discussion regarding the economics of Climate Change.

    Where does your organization fall on either or both of these curves for battery technologies?

    For More Information

    Please note, RRI does not endorse or advocate the links to any third-party materials herein.  They are provided for education and entertainment only.

    See our Economic Value Proposition Matrix® (EVPM) for additional information and a free version to build your own EVPM.

    The author’s credentials in this field are available on his LinkedIn page.  Moreover, Dr. Shemwell is a coauthor of the just published book, “Smart Manufacturing: Integrating Transformational Technologies for Competitiveness and Sustainability.”  His focus is on Operational Technologies.

    “People fail to get along because they fear each other; they fear each other because they don’t know each other; they don’t know each other because they have not communicated with each other.” (Martin Luther King speech at Cornell College, 1962).  For more information on Cross Cultural Engagement, check out our Cross Cultural Serious Game.  You can contact this author as well.

    For more details regarding climate change models, check out Bjorn Lomborg ands his latest book, False Alarm: How Climate Change Panic Costs Us Trillions, Hurts the Poor, and Fails to Fix the Planet.

    Regarding the economics of Climate Change, check out our blog, Crippling Green.

    For those start-up firms addressing energy (including renewables) challenges, the author can put you in touch with Global Energy Mentors which provide no-cost mentoring services from energy experts.  If interested, check it out and give me a shout.