JPMorgan Software Does in Seconds What Took Lawyers 360,000 Hours
The program, called COIN, for Contract Intelligence, does the mind-numbing job of interpreting commercial-loan agreements that, until the project went online in June, consumed 360,000 hours of work each year by lawyers and loan officers. The software reviews documents in seconds, is less error-prone and never asks for vacation.
How to make your kid good at anything, according to Anders Ericsson, an expert on peak performance and originator of the 10,000-hour rule — Quartz
- Anders Ericsson has spent 30 years studying people who are exceptional at what they do, and trying to figure out how they got to be so good. His conclusion: in most cases, talent doesn’t matter—practice does.
Great Companies Obsess Over Productivity, Not Efficency
Business leaders often think of “efficiency” and “productivity” as synonyms, two sides of the same coin.
When it comes to strategy, however, efficiency and productivity are very different. At a time when so many companies are starved for growth, senior leaders must bring a productivity mindset to their business and remove organizational obstacles to workforce productivity. This view differs substantially from the relentless focus on efficiency that has characterized management thinking for most of the last three decades, but it is absolutely essential if companies are going to spur innovation and reignite profitable growth.
The Jobs Americans Do - NYTimes.com
Popular ideas about the working class are woefully out of date. Here are nine people who tell a truer story of what the American work force does today — and will do tomorrow.
UPS thinks it can save money and deliver more packages by launching drones from its trucks
UPS, the world’s largest package delivery company, delivered a parcel via drone yesterday in a small town outside of Tampa, Fla.
How I Tricked Myself Into Reading More Books
One of my goals this year is to read more books, so this interested me:
I love books. I can’t leave a bookstore without at least one. But I also have a tendency to buy books and not actually read them. Somewhere along the way reading fell by the wayside in favor of other forms of entertainment. To get back on track, I made some simple changes that have helped me with my reading habits thus far—no speed reading necessary.