Friday, May 1, 2020
Business Intelligence and Analytics 62
1 Ten reasons why a ‘Greater Depression’ for the 2020s is inevitable
https://www.theguardian.com/business/2020/apr/29/ten-reasons-why-greater-depression-for-the-2020s-is-inevitable-covid
After the 2007-09 financial crisis, the imbalances and risks pervading the global economy were exacerbated by policy mistakes. So, rather than address the structural problems that the financial collapse and ensuing recession revealed, governments mostly kicked the can down the road, creating major downside risksthat made another crisis inevitable. And now that it has arrived, the risks are growing even more acute. Unfortunately, even if the Greater Recession leads to a lacklustre U-shaped recovery this year, an L-shaped “Greater Depression” will follow later in this decade, owing to 10 ominous and risky trends.
2 The next wave of coronavirus disruption? Automation
https://www.theguardian.com/commentisfree/2020/apr/30/coronavirus-disruption-automation
It’s funny how quickly the strange and unfamiliar become routine. After weeks of awkwardness at the supermarket checkout, suddenly the choreography is getting easier: I’ve almost mastered the new rhythm of packing, waiting decorously for the cashier to move their hand away before swooping on whatever they’ve passed across the scanner. Even the sight of conveyor belts being doused with disinfectant after every customer seems almost normal now, although it shouldn’t.
3 5 Ways AI Can Improve Your Supply Chain
https://medium.com/@industrystar/5-ways-ai-can-improve-your-supply-chain-85934bdc7a19
Artificial intelligence (AI) is starting to work its way into numerous industries, supply chain being one of them. This technology is on track to have a revolutionary impact on the future. The way a supply chain operates today will differ drastically once AI is fully implemented. Below are five areas of supply chain where AI is starting to have this drastic impact.
4 How to demonstrate calm and optimism in a crisis
https://www.mckinsey.com/business-functions/organization/our-insights/how-to-demonstrate-calm-and-optimism-in-a-crisis
The coronavirus outbreak is posing profound challenges to the way we live and work. A crisis of this scale has left many fearful that disruption—personal, financial, societal—is going to be a way of life for some time.
When the path ahead is uncertain, people turn to leaders to help them gain clarity and a grounded hope for a better future. They want someone with a positive vision, who is confident about tackling the problems we all face yet courageous enough to confront uncomfortable truths and admit what they do not know.
5 As eurozone records 3.8% slump ECB chief warns of worse to come
https://www.theguardian.com/business/2020/apr/30/eurozone-suffers-record-slump-as-coronavirus-lockdown-reverses-growth
The head of the European Central Bank has warned that the eurozone could be on course for a 15% collapse in output in the second quarter as evidence of the economic toll caused by Covid-19 pandemic started to emerge, with France and Italy falling into recession.
6 Top 10 ways to utilise AI in smart manufacturing
https://medium.com/manufacturing-global/top-10-ways-to-utilise-ai-in-smart-manufacturing-9d23fc2c0b11
One of the largest use cases — Predictive Maintenance. In 2018 the technology made up over 24% of the total market. Predictive maintenance harnesses advanced analytics and machine learning to determine the condition of both a single or entire set of assets, to determine the remaining useful life of an asset.
7 How European business can recover from the coronavirus
https://www.mckinsey.com/industries/public-sector/our-insights/how-european-businesses-can-position-themselves-for-recovery
For tens of millions of Europeans, the coronavirus pandemic will be a life-changing event. Even if they are untouched by the disease itself, the upheaval caused by the virus will have a profound effect on many people’s livelihoods and life circumstances. Never before, except in wartime, have whole industries shut down and consumer demand dropped so far so fast.
8 China Spends $600 Billion To Trump America’s Economy
https://www.forbes.com/sites/williampesek/2020/05/01/china-spends-600-billion-to-trump-americas-economy/
Ten years from now, when economists mull the exact moment the U.S. ceded the future to China this week’s events are sure to top the list of time-stamp candidates.
This was the week, after all, when Chinese President Xi Jinping tossed another 4 trillion yuan, or $565 billion, at an economy taking devastating coronavirus blows. The 4 trillion-yuan figure will sound familiar to students of 2008 and 2009, back when Beijing threw exactly that amount at plunging demand amid the “Lehman stock.”
9 9 Things to Expect from Life After COVID
https://www.business2community.com/workplace-culture/9-things-to-expect-from-life-after-covid-02306371
Whether we accept it or not, researchers predict we may be in lockdown for longer than planned. Others are saying social distancing could become a fact of life for, not months, but years.
A new world, they say, is on the other side of all this change. But, practically speaking, what can we expect?
10 Surviving the Economic Downturn Caused by the Coronavirus
https://www.mytotalretail.com/article/surviving-the-economic-downturn-caused-by-the-coronavirus/
As the world struggles to contain the COVID-19 coronavirus, most businesses are struggling as well. They’re struggling with ensuring the health of their employees, store closures mandated by the government, unanticipated drops in sales due to pullbacks in consumer spending, fulfilling orders from distribution centers, and identifying how to replace lost sales from brick-and-mortar stores.
11 10 Ways To Serve, Support, and Connect With Remote Employees
https://www.business2community.com/workplace-culture/10-ways-to-serve-support-and-connect-with-remote-employees-02306347
The coronavirus pandemic and ensuring lockdowns have taken the remote workrevolution from a mere spark to a roaring fire.
As a result, many organizations, faced with the prospect of letting their employees work remotely are facing challenges in connecting and supporting their remote workers through this challenging time.
In this article, I list 10 ways you can serve, support and keep in touch with your remote employees in a way that builds morale and boosts productivity and loyalty.
12 Python — the programming language of Machine Learning
https://justinsrv.xyz/_DEV_SPACE/synapse-motion-site/2020/04/25/python-the-programming-language-of-machine-learning/
Python is the de facto programming language used is machine learning. This is owed to it’s simplicity and readability, which allows users to focus on the algorithms and results, rather than wasting time on structuring code efficiently and keeping it manageable.
Python is also consistent across projects. People use mostly the same flagship modules (keras, scikit-learn, numpy) unlike in other languages such as Javascript which have a multitude of libraries and patterns, or like Java which has many data structures.
13 Natural Language Processing Recipes: Best Practices and Examples
https://www.kdnuggets.com/2020/05/natural-language-processing-recipes-best-practices-examples.html
We at KDnuggets have been doing our best to highlight some quality natural language processing (NLP) resources in the recent past, most notably The Big Bad NLP Database and The Super Duper NLP Repo, a pair of initiatives managed by Quantum Stat. The first of these is a curated repository of NLP datasets neatly organized around tasks, while the second is a collection of Google Colab notebooks demonstrating implementations of numerous of these tasks.
14 The Role of the Board Chair During a Crisis
https://sloanreview.mit.edu/article/the-role-of-the-board-chair-during-a-crisis/
Experienced chairpersons know that their success depends on how they walk the tightrope of being too involved or too remote in the company’s strategy execution. Yet when a crisis such as COVID-19 hits and the CEO transforms into Chief Crisis Officer, the chairperson may become increasingly unsure how to strike this balance.
