"models based on past behaviour aren’t able to show shifts before it is too late, a trip to Southampton or Leeds might reveal some priceless information - if you know what you are looking for"
While banks continue to spend millions on innovating and improving their technological capabilities in hopes of beating the competition, they should not lose sight of the human factor, writes Christian Madsbjerg in his latest op-ed.
LinkedIn Weekend Essay
What Silicon Valley is missing is an understanding of people—what is meaningful to them, the way they live their day to day lives, what would make a difference for them on an ordinary Tuesday in Phoenix or Shanghai. There is a dearth of deep, nuanced cultural knowledge in tech. Luckily, there is an app for that: reading.
Wall Street Journal
There's a cultural bias in business, tech and otherwise, against any information that can't be quantified—that is "soft," subjective, fuzzy. [...] But it is where good ideas come from—and while the data it relies on may not be reducible to numbers, there is actually nothing "fuzzy" about it.
Harvard Business Review
An emerging method is dramatically shaping how businesses can apply the human sciences. This new approach is finding its way into the labs of technology companies such as Intel, IBM, and Samsung; the marketing departments of large consumer-product companies such as Adidas, Lego, and Procter & Gamble; global health care companies such as Novo Nordisk and Pfizer; and the thinking and writing of business leaders and new breeds of consultancy that, like our own, merge hard and soft sciences.