Artificial intelligence seems to have repealed the laws of business physics, allowing “digital native” companies to grow at the stroke of a key and cross traditional market boundaries unimpeded. In their new book, Competing in the Age of AI: Strategy and Leadership When Algorithms and Networks Run the World, HBS professors Marco Iansiti and Karim Lakhani show the inner workings of the “AI factory.” Traditional businesses can’t bolt on AI and analytics and expect to compete. Marco explains how fi...
Mar 25, 2020•29 min•Transcript available on Metacast Fred Goff wants to tap the Web’s scale and connectivity to rebalance capitalism for the benefit of workers. The former hedge fund manager launched Jobcase, a workforce platform and online labor organization, in 2015. It’s a job search site, a clearinghouse for qualifications, and a support network for its 100 million members, most of whom lack a four-year degree. The AI-augmented community wields significant consumer- and investor influence. Fred shares his views on degree inflation, the skills ...
Mar 11, 2020•30 min•Ep 23•Transcript available on Metacast Nearly twenty years ago, Richard Florida famously identified the “creative class,” an amalgamation of knowledge workers and those in the arts, culture, and design fields. He established creativity as a basic economic force. Amid increasing inequality and unstable work arrangements, diminished techno-optimism, and the rise of global innovation hubs, he is still bullish on America’s capacity for invention. Florida argues for place-based economic development and skills-building up and down the soci...
Feb 26, 2020•28 min•Ep 22•Transcript available on Metacast Workplace sexual harassment can derail careers, depress morale, and decrease productivity. The #MeToo movement focused attention on the issue, but left companies to figure out how to address this common and underreported problem. Harvard Law grad Ally Coll and tech entrepreneur Neta Meidav are working to change the culture around harassment. Coll is cofounder and President of the Purple Campaign, a nonprofit focused on business practice and public policy that is piloting a corporate certificatio...
Feb 12, 2020•31 min•Ep 21•Transcript available on Metacast HBS alum Stephen Moret led Virginia’s winning proposal for Amazon’s 2019 HQ2 expansion. A crucial factor in the Commonwealth’s success was its billion-dollar commitment to developing talent, particularly in computer science and engineering. In beating out states that pledged vastly greater subsidies to the retail giant, Virginia validated the view that targeted investments in workforce development can spur economic development. Moret draws on his experience in Virginia and Louisiana, and his doc...
Jan 29, 2020•31 min•Transcript available on Metacast Dan O’Connor, retail expert and executive-in-residence with the HBS Managing the Future of Work project, traces the evolution of retail from the corner store through big-box, e-commerce, and the emergence of omni-faceted digital platforms. What are the implications for employers and employees throughout the sector? Retail accounts for more than 5 percent of US gross domestic product (GDP) and employs more than any other industry, roughly 16 million workers, or one in ten. Globally, the emergence...
Jan 22, 2020•31 min•Ep 19•Transcript available on Metacast Amazon in the summer of 2019 announced a sweeping five-year plan to bolster the skills of a third of its US workforce—close to 100,000 worker-learners. The plan includes apprenticeships, partnerships with local community colleges, and internal programs. As Amazon’s Vice President of Workforce Development, Ardine Williams, notes, the initiative isn’t philanthropy. She argues that Amazon’s investment in training workers—even if some ultimately leave for higher-paying jobs—makes good business sense...
Jan 08, 2020•29 min•Ep 18•Transcript available on Metacast Art Bilger is sounding the alarm over systemic trends in the world of work—the mismatch of labor force skills and job requirements; automation; underemployment and structural unemployment. The Wall Street veteran, whose CV includes successes in media and high-tech, founded nonprofit media production company WorkingNation in 2016 to bring attention to these sweeping and rapid changes, which he warns could lead to economic and societal crises. Through news coverage, short documentaries, a podcast,...
Dec 18, 2019•27 min•Transcript available on Metacast For decades, enterprise systems vendors have promised legacy businesses virtual omniscience—decision-making informed by real-time, comprehensive views of their organizations’ activities and relevant external factors. This holy grail has eluded large established organizations, with their complex agglomerations of systems. Silicon Valley software developer Aera Technology touts an AI-assisted upgrade, tapping disparate systems and data flows to provide comprehensible and timely recommendations and...
Dec 11, 2019•30 min•Ep 16•Transcript available on Metacast Financial Services giant Prudential is pursuing a hybrid workforce strategy. It’s all-in on automation for underwriting and other data-intensive, but routine, tasks. And it looks to the labor market for certain in-demand skills. But, according to vice chairman Robert Falzon, the New Jersey-based multinational is committed to cultivating the capabilities of its 50,000 employees. Many of its workers are also its financial services customers. This, along with low unemployment in the industry, helps...
Dec 04, 2019•31 min•Ep 15•Transcript available on Metacast The Washington Technology Industry Association’s Apprenti apprenticeship program is a creature of the Seattle tech industry. But since its 2015 founding, it has become a national player in the workforce development market. As a partner in the federal government’s push to extend apprenticeships beyond construction and the trades, Apprenti is addressing the skills gap while diversifying the tech workforce. Executive Director Jennifer Carlson discusses how Apprenti connects employers with promising...
Nov 27, 2019•31 min•Transcript available on Metacast Computer-aided design pioneer, Autodesk, is tightening the integration of design and production in everything from architecture to movies. This simple concept has far-reaching implications for the nature of work. Jobs, supply chains, and industries are set to become more transparent, automated, and interconnected. Construction is on the verge of becoming more like manufacturing, thanks to machine learning and cloud-based automation and control. Manufacturing is becoming more automated and custom...
Nov 20, 2019•30 min•Ep 13•Transcript available on Metacast Werk Enterprises uses surveys and data analytics to help organize work through a set of predefined, flexible arrangements, rather than the traditional 9-to-5 in the office. This HR version of mass customization can recalibrate the relationship between employers and employees to better match the needs of both. HBS alumna Anna Auerbach and her cofounder, Annie Dean, were initially motivated by the challenges facing professional women, whose careers have often suffered due to the conflicting demand...
Nov 06, 2019•35 min•Ep 12•Transcript available on Metacast International trade expert and former presidential advisor, Richard Baldwin, discusses his latest book, The Globotics Upheaval: Globalization, Robotics, and the Future of Work. He argues that the speed and sweep of economic and social changes resulting from global connectivity and AI could provoke widespread dissatisfaction. These factors are already influencing white-collar, middle-class employment. Work that can be automated or done remotely offers employers huge potential savings. Jobs that r...
Oct 30, 2019•29 min•Ep 11•Transcript available on Metacast The Aspen Institute has spent the past decade deconstructing how top US post-secondary schools bolster their diverse students’ work and life prospects. The nonprofit recently released its Workforce Playbook, which distills the best practices of leading community colleges and lays out the challenges they face. This work-based learning curriculum writ large informs college administrators, business leaders, and policy makers as they look for innovative ways to cultivate community talent pipelines.
Oct 23, 2019•30 min•Ep 10•Transcript available on Metacast Oisin Hanrahan, co-founder and CEO of home services gig platform Handy, has succeeded by finding order and opportunity in chaos. The former HBS student has navigated messy transitions, cutthroat competition, and a challenging venture funding environment. He is also on the front lines of the battle over worker classification. Now part of gig services conglomerate ANGI Homeservices, Handy has branched out from cleaning into skilled trades, contracting, and retail partnerships
Oct 09, 2019•30 min•Ep 9•Transcript available on Metacast What do sales clerks have in common with NFL quarterbacks? Apart from a competitive nature, both can benefit from VR training. Former Stanford football player Derek Belch drew on his athletic background and a Master’s in VR to deliver the virtual goods via STRIVR, the startup he co-founded with Stanford professor Jeremy Bailenson. STRIVR started out supplying VR to football teams and has since made a concerted push into the enterprise. The technology has the potential to improve hard and soft sk...
Sep 25, 2019•29 min•Ep 8•Transcript available on Metacast Life events, personal interests, and a host of other factors lead people to step away from work. The key is how to handle reentry. Carol Fishman Cohen, HBS ‘85, draws on her own experience to consult and write about what it means to come back from a career break in today’s economy. She sheds light on who the would-be returners are, what they bring to the workplace, the barriers they face, and how employers can include them in their talent pipelines.
Sep 11, 2019•27 min•Ep 7•Transcript available on Metacast Robots aren’t necessarily primed to take over, but advances in machine learning are readying the mechanical components of the workforce for more complex and autonomous tasks. Startup Osaro specializes in deep reinforcement learning systems, artificial intelligence for industrial robots. CEO Derik Pridmore talks about the adaptive decision-making capabilities working their way into warehouses and factories, and the prospect of machines with a wider, more human range of cognitive capabilities.
Aug 28, 2019•24 min•Ep 6•Transcript available on Metacast Technology is changing financial institutions’ relationships with local businesses and sole proprietors, which account for half of America’s workforce. HBS professor and former head of the Small Business Administration Karen Mills sheds light on the ongoing transformation. Will new technologies expand access to credit for sole proprietors and small businesses on Main Street? How will these new technologies affect community banks? And what are the key challenges to smart Fintech regulation?
Aug 14, 2019•24 min•Ep 5•Transcript available on Metacast The Center for Energy Workforce Development was created in 2006 to help the industry prepare for a generational wave of retirements and to diversify its workforce. Utilities are the proverbial canary in the coalmine, as U.S. organizations across the board struggle with skills gaps and demographic shifts. Southern Company Executive Vice President and CEWD Chair, Beth Reese, discusses the task of replenishing the talent pipeline from the dual perspective of utility exec and consortium head.
Jul 31, 2019•22 min•Ep 4•Transcript available on Metacast CareerWise Colorado is redefining job training and expanding the talent pipeline. The nonprofit apprenticeship program, patterned on the successful Swiss system, places college-track students in businesses from advanced manufacturing to finance. Founder Noel Ginsburg and COO Ashley Carter explain how Careerwise allows students to earn as they learn, become valued employees, and develop career networks and long-term prospects. It’s built to replicate, ramping up in Colorado and expanding national...
Jul 17, 2019•26 min•Ep 3•Transcript available on Metacast Western Governors University was founded in 1997 to expand access to affordable higher education and to offer instruction grounded in the requirements of the job market. WGU President and HBS alum Scott Pulsipher tells Bill about the school’s innovative online model, which delivers a proficiency-based curriculum to working adults and members of underserved groups. With over 115,000 full-time students, WGU plans to reach an even wider audience. Is this a model for the future?
Jul 03, 2019•29 min•Ep 2•Transcript available on Metacast More people in the US have criminal records than have graduated from college. Joe DeLoss, founder of restaurant chain Hot Chicken Takeover, argues that people with a range of life experiences that previously kept them out of the workforce, like the formerly incarcerated, homeless, and addicted, defy easy categorization. With appropriate management, including clear expectations, relevant benefits, and frequent feedback, he says they can help create productive, stable, and profitable businesses.
Jun 19, 2019•24 min•Ep 1•Transcript available on Metacast Can a Manhattan Project on steroids revitalize languishing US regions and drive balanced economic growth? In their book Jump-Starting America: How Breakthrough Science Can Revive Economic Growth and the American Dream MIT economists Jonathan Gruber and Simon Johnson hearken back to the scientific, technical, and economic juggernaut assembled during the Second World War to make the case that public investment in innovation is the key to stimulating growth and reversing rising inequality across th...
Jun 05, 2019•27 min•Ep 32•Transcript available on Metacast The phrase “gig worker” often conjures an image of a driver providing a routine service for low pay. But freelancers provide services on a contracted, or “gig,” basis in a wide range of fields from cosmetology to carpentry. In this episode, Joe hosts Thumbtack CEO Marco Zappacosta, whose platform matches hundreds of thousands of professionals with contract jobs across the country. Marco provides a unique view into the shared challenges these varied “pros” face. Will platforms like his provide th...
May 22, 2019•33 min•Ep 31•Transcript available on Metacast How should we think about improvements in artificial intelligence? Bill speaks with Joshua Gans, co-author of "Prediction Machines: The Simple Economics of Artificial Intelligence," which argues that AI advances can be boiled down to making better predictions. As a component of a vast array of activities, enhanced prediction will have ripple effects throughout the economy. What new functions and business models will it create? What difficult questions will it force society to answer?
May 08, 2019•26 min•Ep 30•Transcript available on Metacast In a world where jobs are constantly changing, the workforce must be able to continually add skills, and receive credit for them, to remain relevant. In this episode, Joe speaks with Anant Agarwal, MIT professor and CEO of education platform edX, who says “the future of work is the same as the future of learning.” Launched in 2012 as a joint venture of Harvard and MIT, edX has brought to market innovative solutions for today’s learners. But will their approach address the needs of tomorrow's wor...
Apr 24, 2019•26 min•Ep 29•Transcript available on Metacast Improvements in machine learning and image recognition, and gradual acceptance by regulators, have brought innovative companies the threshold of the radiology lab. Bill sits down with HBS Professor Shane Greenstein to discuss one such company and the challenges of creating effective applications and bringing them to market. Greenstein also shares insights on how AI will impact radiologists, often labeled vulnerable to automation. Will they be freed from routine tasks? Or will they soon be a thin...
Apr 09, 2019•26 min•Ep 28•Transcript available on Metacast Foreign talent is critical to the success of American companies. But the barriers to hiring skilled foreigners are rising: increased bureaucratic scrutiny and new regulations make it harder to bring workers into the country, and hostile anti-immigrant rhetoric pushes talented foreigners away. Bill speaks to Envoy Global CEO Dick Burke about the challenges companies across the country face and how Envoy helps them navigate the complex immigration environment to meet their talent needs.
Mar 26, 2019•20 min•Ep 27•Transcript available on Metacast