Richard Florida: One of the most persistent myths in America today is that urban areas are innovative and rural areas are not. While it is overwhelmingly clear that innovation and creativity tend to cluster in a small number of cities and metropolitan areas, it’s a big mistake to think that they somehow skip over rural […]
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Rotman School of Management professor Ajay Agrawal explains how AI changes the cost of prediction and what this means for business. With so many perspectives on the impact of artificial intelligence (AI) flooding the business press, it’s becoming increasingly rare to find one that’s truly original. So when strategy professor Ajay Agrawal shared his brilliantly […]
Heads up, cities: Economic growth does not necessarily go hand-in-hand with economic and racial inclusion. That’s the finding of a new, in-depth analysis by the Urban Institute (UI) of the 274 largest cities in America. The report and accompanying data tool show how economic shifts in these cities since the 1980s have corresponded with “inclusion”—the […]
Across the world, the pace of industrial automation is steadily accelerating. According to the International Federation of Robotics, there were 66 installed industrial robots per 10,000 employees globally in 2015 and that increased to 74 in 2016. Broken down by region, average robot density in Europe is 99 units per 10,000 workers, while’s it’s 84 […]
Close to half of the over 100 startups analyzed made this mistake — and never recovered. CBI Insights recently analyzed 101 startup post-mortems (reports they wrote after they failed). The researchers extracted the top reasons startups fail, including things like a pivot going wrong; legal challenges; disharmony within the team or with investors; poor marketing; […]
Cancer has always been thought of as something that grows rapidly and uncontrollably, but this view may be wrong. New evidence suggests that cancer alternatively uses the “accelerator” and the “brake” in order to survive.
Making a drug is like trying to pick a lock at the molecular level. There are two ways in which you can proceed. You can try thousands of different keys at random, hopefully finding one that fits. The pharmaceutical industry does this all the time – sometimes screening hundreds of thousands of compounds to […]
A controversial study suggests that people become entrepreneurs because they realize they’re worth more than their resumes. If you asked me why I gravitated to startups rather than work in a large company I would have answered at various times: “I want to be my own boss,” “I love risk,” “I want flexible work hours,” […]
Here’s how old you should be when you start a company, according to science. (It’s not what you think)
The National Bureau of Economic Research used Census data to find the average age of super-successful founders. Company founders can be as young as in their teens or as old as in their 80s. But is there an ideal age you should be when you start a company? It turns out there is, and it’s […]
Amazon on Thursday unveiled “Alexa Skill Blueprints,” code-free templates that any Alexa owner, regardless of experience level, can use to create customized Alexa skills in a matter of minutes. Amazon included over 20 templates across four categories — Fun & Games, At Home, Storyteller, and Learning & Knowledge — with plans to add more.