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Showing posts with the label MANAGEMENT

Does your service business need AI? Here are 4 rules to help you decide

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Artificial intelligence is the big thing right now, with industries from finance to health care to retail scrambling to adopt AI or risk being left behind. But speaking as professors of business, we think some companies might be jumping the gun. Our recent research suggests that service providers shouldn’t automatically jump on the AI bandwagon. Instead, they should make a choice informed by their strategy. In short, when it comes to AI and service firms, more isn’t necessarily better. Why service providers face a different calculation Are you a manufacturer? Then if AI reduces your costs without lowering quality and gives you the r...... Read Full article on HadNews

Formula 1 Williams boss shocked to learn 20,000 car parts are managed using Excel

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The billion-dollar industry that is Formula 1 often exhibits some of the latest developments in tech, but one aspect of the Williams team is behind the times. Williams Racing welcomed a new team principal in January 2023 in the form of James Vowles, formerly the motorsport strategy director at Mercedes-AMG Petronas Formula One Team under Toto Wolff. Vowles is now heading into his second season as team principal in 2024 and has been vocal about making changes at the Formula 1 team, which finished seventh out of ten teams in the Constructors Championship in 2023. Building a Formula 1 car one Excel sheet at a time One area in particular w...... Read Full article on HadNews