Leadership CONNECT: 23-Jun-2024 (Y24W26)

This Week in Leadership CONNECT:

  1. Risky Practice: When Good Data Leads to Bad Results: Lessons from McNamara & Vietnam (EE Magazine)
  2. Report: New Actions to Implement President Biden’s Executive Order on AI (NIST)
  3. Sector: AI At The Service Of Sharing Economy (GlobalData)
  4. Exhibition: Culture Meets Climate Data (Google)
  5. Thinking Update: Bulk Edit Sparks (MindLi)

Prof. Yesha Sivan and the MindLi Team

DigitalRosh > Knowledge > Function > Strategy

1. Risky Practice: When Good Data Leads to Bad Results: Lessons from McNamara & Vietnam (EE Magazine)

The McNamara Fallacy, named after U.S. Secretary of Defense Robert McNamara, highlights the mistake of making decisions based solely on easily measurable metrics while ignoring broader qualitative factors.

This approach led to strategic failures during the Vietnam War by focusing on body counts as the primary measure of success.

In business, this fallacy manifests when companies prioritize simple metrics like sales figures or website traffic, neglecting more comprehensive indicators such as customer satisfaction, employee well-being, and long-term sustainability. This narrow focus can result in misguided decisions and overlooked opportunities.

This article demonstrates several examples of the McNamara fallacy in Business: Retail, finance, marketing, HR, business performance, and more.

Read the full article on DigitalRosh

DigitalRosh > Knowledge > Industries > Government

2. Report: New Actions to Implement President Biden’s Executive Order on AI (NIST)

The National Institute of Standards and Technology (NIST) has released four draft publications intended to help improve the safety, security, and trustworthiness of artificial intelligence (AI) systems, to Implement President Biden’s Executive Order on AI.

NIST has also launched a challenge series that will support the development of methods to distinguish between content produced by humans and content produced by AI. The NIST publications cover varied aspects of AI technology.

The 4 drafts are:

  1. NIST’s AI Risk Management Framework (AI RMF)
  2. NIST’s Secure Software Development Framework (SSDF)
  3. Offers transparency in digital content, which AI can alter
  4. Proposal for developing global AI standards

These publications are initial drafts, open for public feedback before submitting final versions later this year.

Review NIST Reports on DigitalRosh

DigitalRosh > Knowledge > Technologies > AI-AGI

3. Sector: AI At The Service Of Sharing Economy (GlobalData)

GlobalData’s Sharing Economy (2024) report predicts the sharing economy market will reach over $1 trillion in revenue by 2031. As this model reaches maturity, the companies applying it, harness new technologies, artificial intelligence (AI) included.

AI’s importance lies in its ability to improve personalization, efficiency, and innovation within the sharing economy, thereby driving growth and enhancing consumer satisfaction.

More explanations and examples on DigitalRosh

DigitalRosh > Knowledge > Digital Culture > Digital Art

4. Exhibition: Culture Meets Climate Data (Google)

“Culture Meets Climate” is a live hub by Google Arts & Culture that highlights initiatives related to the environment, bringing together the diverse range of experiences, resources, and features available to anyone interested in learning more about the environment, climate change, and sustainability from museums, artists, and scientists.

The visitors can explore the many projects, artworks, and stories from around the world that make the data more tangible and understandable, such as:

  • Heartbeat of the Earth – An ongoing series where artists and scientists creatively use technology to interpret, communicate, and develop climate data.
  • Acidifying Ocean – With Cristina Tarquini, we can explore the impact of rising temperatures on marine life.
  • Plastic Air – By Giorgia Lupi. “See” and learn about the plastic particles that are ever-present in the atmosphere around us.
  • Heritage on the Edge – Find out about the devastating effect of the climate crisis on our cultural heritage and how people around the world are using technology to protect their cultural sites against climate change.
  • And a lot more.

Explore Google’s culture meets climate on DigitalRosh

5. Thinking Update

This section is to provide you with a better understanding of the qualities of MindLi, share tips and tricks, and update you with new features, as well as other MindLi news.

If you wish to learn more about MindLi you are invited to check our extensive Help page and watch our tutorials on MindLi’s YouTube channel.

Bulk Edit Sparks

In MindLi, you have the option to use Bulk Edit Sparks to perform actions on multiple Sparks at once. It becomes very helpful while you arrange your Sparks toward your goals, for example:

If you captured Sparks on the go, keeping them in your Inbox, and are now willing to connect them to the relevant Box.

If you’ve captured Sparks related to a project of yours and now move forward with your planning and are willing to add nested Boxes by topics – Bulk Edit Sparks allows you to easily mark them by topics.

If you are finished with a project or topic and are willing to archive or delete several Sparks – Bulk Edit Spark will help you do it easily.

For detailed instructions check MKB#1025

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About Leadership CONNECT

DigitalRosh newsletter, Leadership CONNECT, is a weekly source of news and inspiration for thinking aimed at DigitalRosh members.

In every issue, you will find curated content from different industries. It would take less than 5 minutes reading to get a brief overview of the presented topics.

Want to delve deeper? You would need to have a subscription to the DigitalRosh site which is an affiliate site of MindLi. It is Free. Click on the links in each item or follow the breadcrumbs to the DigitalRosh website.


See past CONNECT editions

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