Amazon is now challenging major online business suppliers in office products (Staples) and industrial goods (Grainger). It has over nine million items for sale and all products available on the Amazon.com marketplace are also accessible on the Amazon Business site.
The business of online news has never been forgiving. But in recent weeks, what had been a simmering worry among publishers has turned into borderline panic.
CMOs’ greatest business challenge today is industry convergence, in which competition increasingly comes from both inside and outside their traditional speheres of business, often fueled by digital innovation, according to a new study by IBM Corp.
Andrew: This matters greatly.
… This is the principle behind the blockchain, a powerful and widely misunderstood invention that could profoundly affect our relationship with the digital world. Most people are vaguely familiar with the blockchain as the technology underpinning bitcoin. Experts in a range of industries are gushing about its potential.
During the past two decades, retailing in the U.S. has been transformed by a dramatically different new sales channel, say University of Chicago economists Ali Hortacsu and Chad Syverson.
The world’s largest plane maker is in the midst of its biggest peacetime boom, churning out 20 percent more planes than when the last big cycle peaked in the 1990s.
But it is doing so with one-third fewer workers. In their place, Boeing is turning to robots and outsourcing.
On the 777 line, the labor savings from automated riveting could be more than 100-fold. One person can run eight sets of robot arms that each do the work of 16 people, replacing 128 workers, said Surinder Lamba, president of Apache Aerospace Inc, a Washington state company that supplies tooling to all of Boeing’s commercial jet programs.
In defending his company against assertions that Uber drivers should be classified as employees, Uber CEO Travis Kalanick often wields the algorithm. Uber isn’t a boss, he argues. It’s a software platform that balances supply and demand to connect entrepreneurs with customers.
A new academic paper pokes holes in that argument.
It makes sense to me that software is the oil of the information revolution. Companies that control the software infrastructure of the information revolution will sit back and collect the economic surplus of the information revolution and that will be a path to vast wealth and economic power. It has already happened but I think we are just beginning to see the operating leverage of these software based business models.
As writing code becomes as vital to car making as engineering, Japanese automakers are under pressure to show they can compete with the tech giants.
When you think of GE, your first thought probably isn’t software. But CEO Jeff Immelt is on a mission to change that.