Strategic advice to leverage new technologies

Technology is at the heart of nearly every enterprise, enabling new business models and strategies, and serving as the catalyst to industry convergence. Leveraging the right technology can improve business outcomes, providing intelligence and insights that help you make more informed and accurate decisions. From finding patterns in data through data science, to curating relevant insights with data analytics, to the predictive abilities and innumerable applications of AI, to solving challenging business problems with ML, NLP, and knowledge graphs, technology has brought decision-making to a more intelligent level. Keep pace with the technology trends, opportunities, applications, and real-world use cases that will move your organization closer to its transformation and business goals.

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In this Advisor, we explore some of the tech innovations transforming World Cup 2022, including: semiautomated offside/goal line technology, a new high-tech ball, and AI/big data applications that are changing the sport. We also briefly examine some of the failures and threats these technologies can introduce.
This Advisor series looks at the use of VR in healthcare and medicine. Here in Part II, we examine developments involving the use of VR for treatment, therapy, and rehabilitation such as to help patients manage diseases and injuries, and reduce patient anxiety before and after surgery.
Johannes Rude Jensen and Omri Ross share their vision of Web3 social media and how it can enable frictionless mobility between online communities on social media platforms. In contrast to legacy social media channels designed for content monetization by platform owners, content creators on Web3 social media maintain ownership and monetization rights, paving the way for commercial incentives and shifting bargaining power to content producers. The authors portray their vision of how Web3 social media users will be empowered to move between platforms of their choice while maintaining their network of followers and without losing their social stature and virtual assets.
This case study is based on an interview with Elliott Waxman about his co-founding of ClimateDAO, an organization that invited private investors to collaborate on decarbonizing efforts. ClimateDAO was born from a crowdsourcing campaign that generated $80,000 worth of cryptocurrency. However, challenges associated with the DAO structure led to complications that soon required a substantial restructuring.
Diego Alvarez, Pietro Cortellini, and Emily Munchak invite readers to look at DAOs through the lens of the music industry. The authors investigated three DAOs: Audius, BitSong, and MODA DAO, which aim to disrupt their market. The study differentiates between DAOs driven primarily by economic incentives from those focused on social incentives and highlights five dimensions that characterize all DAOs: purpose, community, technology, tokens, and governance. The study focuses on DAOs from the music industry, but the authors offer generalized insights for other industries.
Based on broad domain knowledge and first-hand experiences with launching DAOs, Thomas Belkowski and Lukas Falcke share their insights into holistic DAO governance. They provide five guidelines for prospective DAO founders on how to develop governance mechanisms that can enable thriving DAOs. Although these general guidelines apply to a range of DAOs, the authors warn against applying a one-size-fits-all approach to DAO governance.
Lucy Frew highlights the current predicaments of DAOs from a legal and regulatory perspective. The article explores the challenges that DAOs present to the legal structures of organizations as we know them. Overall, DAOs aim at decentralization, but the degree of decentralization varies over time and has critical implications for the accountability of its members: the token holders. Frew discusses the existing regulatory landscape of DAOs and looks at the circumstances under which a DAO might benefit from seeking legal status.
Henrik Axelsen and Omri Ross provide an understanding of the challenges associated with regulating DAOs and the opportunity (if not necessity) of a transformational shift in the existing regulatory paradigm. The characteristics of DAOs, including fluid membership and locational independence as well as the financial resources implicated, raise the question of who, what, and where to regulate. The precedent of a DAO sanctioned for enabling money laundering highlights the urgency of initiating this discourse. With traditional finance as a reference, the authors discuss whether activity- or entity-based regulation is more appropriate and what current regulatory decisions mean for the DAOs landscape future.