Why Machines Make Human Skills More Important, Not Less
by Mark Esposito

Posted on Leave a commentPosted in 10th Global Peter Drucker Forum

Lately, we have received quite a number of requests asking us to explain further why artificial intelligence (AI) and robots are unlikely to put humans out of work soon. It may be a contrarian position, but we are definitely optimistic about the future, believing that the displacement of labor won’t turn out to be as gloomy as many are speculating. Despite the endless talk on the threat of machines to human jobs, the truth is that, while we have lost jobs in some areas, we have gained them in others. For instance, the invention of automatic teller machines (ATMs), introduced in the 1960s, ought to have eliminated the need for many bank employees in the […]

A Magna Carta for Inclusivity and Fairness in the Global AI Economy*
by Olaf Groth PhD, Mark Nitzberg PhD and Mark Esposito PhD

Posted on Leave a commentPosted in 9th Global Peter Drucker Forum

* adapted from the forthcoming book “Solomon’s Code: Power and Ethics in the AI Revolution” (working title) copyright © 2017 Olaf Groth & Mark Nitzberg. We stand at a watershed moment for society’s vast, unknown digital future.  A powerful technology, artificial intelligence (AI), has emerged from its own ashes, thanks largely to advances in neural networks modeled loosely on the human brain.  AI can find patterns in massive unstructured data sets, improve performance as more data becomes available, identify objects quickly and accurately, and, make ever more and better recommendations and decision-making, while minimizing interference from complicated, political humans.  This raises major questions about the degree of human choice and inclusion for the decades to […]

Enhancing your social performance through the Circular Economy and the Internet of Things
by Mark Esposito

Posted on 1 CommentPosted in 9th Global Peter Drucker Forum

Whilst the need for growth is accepted as a way of reducing social inequality and improving the chances of a dignified and socially inclusive society, we cannot continue to do that in a way driven by the need for ever more acquisitions of goods. That method is an inherently wasteful use of resources, and skewed towards over consumption in more developed countries. There has to be better, more inclusive ways of growing, and I suggest that one could be through the Circular Economy, which involves resources and capital goods reentering the system for reuse instead of being discarded, thus saving on production costs, promotes recycling, decreases waste, and enhances social performance. When CE models are […]

Entrepreneur-Driven Innovation Ecosystems and the Circular Economy
by Mark Esposito

Posted on 1 CommentPosted in 8th Global Peter Drucker Forum

One of the greatest advantages to being a startup is freedom from too many layers of management in order to test ideas and innovate. However, on the flipside, the lack of resources to scale a new opportunity can prevent a meaningful startup idea from taking root and creating more sustainability in the marketplace. This is a particular point of concern when it comes to the circular economy. The circular economy, broadly defined as a no-waste industrial chain that promotes economic growth using the least amount of non-renewable natural resources as possible, is increasingly regarded as a feasible and economic option for meeting the future demands of today’s society. It has been estimated by the Organization […]

Policymakers and Entrepreneurial Hubs: This is what can be done
by Mark Esposito, Terence Tse*

Posted on Leave a commentPosted in 8th Global Peter Drucker Forum

Entrepreneurship is vital to growing markets. And across most of Europe, entrepreneurship is lacking because of poor macro economic conditions, which push investment away from the Old Continent or re-direct all the available capital into savings rather than FDI.  In 2013, the Global Entrepreneurship Monitor found that in Europe’s largest economies, only 6% of the working population set up or ran a new business.[1] By contrast, in BRIC countries and the U.S., 10%-17% engaged in this kind of early-state entrepreneurial activity. Europe’s paucity of substantial investment in innovation highlights the urgent need for European businesses and governments to work together to develop a new entrepreneurial innovation model to tackle financial deficits, create financial stability, and […]