Category Archives: Management

A Manufacturing Renaissance; Is the Tech/Software Boom Over?

David ColeDr. David Cole is the Chairman of AutoHarvest (autoharvest.org), a web based tool to accelerate innovation in the auto industry. Dr. Cole is Chairman Emeritus of the Center for Automotive Research and a former Professor of Engineering at the University of Michigan where he taught courses related to the automotive field for over 25 years. He is a fellow of the Society of Automotive Engineers, Engineering Society of Detroit and Society of Manufacturing Engineers and was recently elected to the Automotive Hall of Fame.

We are in a period of amazing, almost transformational change like we have never witnessed before and all indications point to the pace quickening as we move forward from today. Clearly one dimension of this dynamic period is the incredible rate of change in technology that surrounds us from cars and housing to personal communication and healthcare.

For the past several decades the growth in technology is particularly evident in electronics with the control of just about everything shifting to electronic chips and their embedded software. These include cell phones and their multiple apps, the tools we use to design and manufacture goods of all forms, modern agricultural tools that enable farmers to optimize their business and the multitude of electronic items that pervade our lives.

It has been a great run and we have celebrated the enormous success of companies like Apple, Dell, Microsoft and Intel with very high evaluations and significant wealth creation for all involved. A new and really quite profound emerging question is what’s next? I’m not suggesting that these important companies will disappear nor will the technology they have developed but what they have produced and continue to produce may be becoming more of a commodity where the low cost provider wins. Many have seen significant declines in their value in the past several years. Have they peaked and, if so, what’s next?

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AI, Quantum & Entrepreneurship in China

Peter DiamandisDr.Peter H. Diamandis is a Greek American engineer, physician, and entrepreneur best known for being the founder and chairman of the X PRIZE Foundation, the co-founder and chairman of Singularity University and the co-author of the New York Times bestseller Abundance: The Future Is Better Than You Think.

Last week, Eric Schmidt, Chairman of Alphabet, predicted that China will “rapidly overtake the U.S. in artificial intelligence… in as little as five years.”

Last month, China announced plans to open a $10 billion quantum computing research center in 2020.

Bottom line, China is aggressively investing in exponential technologies, pursuing a bold goal of becoming the global AI superpower by 2030.

Based on what I’ve observed from China’s entrepreneurial scene, I believe they have a real shot of hitting that goal.

As I described in a previous tech blog, I recently traveled to China with a group of my Abundance 360 members, where I was hosted by my friend Kai Fu Lee, the founder of Sinnovation Ventures.

On one of our first nights, Kai Fu invited us to a special dinner at DaDong Roast, which specializes in Pei King duck, where we shared an 18-course meal.

The meal was amazing, and Kai Fu’s dinner conversation provided us priceless insights on Chinese entrepreneurs.

Three topics opened my eyes. Here’s the wisdom I’d like to share with you.

  1. The Entrepreneurial Culture in China

Chinese entrepreneurship has exploded onto the scene and changed significantly over the past 10 years.

IMHO, one significant way that Chinese entrepreneurs vary from their American counterparts is in work ethic. The mantra I found in the startups I visited in Beijing and Shanghai was “9-9-6” – meaning the employees only needed to work from 9 am to 9 pm, 6 days a week.

Continue reading AI, Quantum & Entrepreneurship in China

Job Prospects In Southeast Michigan Keep Growing – Unemployment At 16-Year Low

There’s good news for jobseekers; employers in southeast Michigan are hiring. From April through June, the region’s unemployment rate reached 3.8 percent—a low not seen since 2001. Yet, even with the number of job postings on an upward trend year-to-year, a stagnant labor force portends more workers will be needed to meet future employer demand in the region.

These latest findings and more are analyzed in the Q2 2017 labor market reports, compiled by the Workforce Intelligence Network for Southeast Michigan (WIN) for a 16-county area in southeast Michigan and other regions.

For the complete article please go to  http://bit.ly/2zde2sk