Written by : Christophe GuilleManager, Bain & CompanyJoseph HergerPartner, Bain & CompanyAnas KaakehCase Team Leader, Bain & CompanyJoseph ScalisePartner, Head of Utilities & Alternative Energy practice (Americas), Bain & CompanyThe electricity industry is in the midst of a transformation, as technology and innovation disrupt traditional models from generation to beyond the meter.Three trends in particular are converging. First, electrification is taking place across large sectors of the economy such as transportation and residential heating. Second, decentralization of resources has increased, spurred by the sharp decrease in costs as well as by public support for distributed energy resources (DERs) like distributed generation, distributed storage, energy efficiency and demand response. Third, digitalization of the system is mounting, both before the meter with […]
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Your next lawyer could be a machine
Written by : Ephrat Livni, Writer, QuartzLawyers are the professionals everyone loves to loathe. Jokes about attorneys abound, and Shakespeare’s line from Henry VI remains a cultural favorite: ”The first thing we do, let’s kill all the lawyers.”Soon, that dream may come true, and machines will be the ones to do it.Academically trained attorneys are increasingly being replaced by technology to analyze evidence and assess it for relevance in investigations, lawsuits, compliance efforts, and more. Forty percent of more than 100 in-house attorneys in major American corporations told the industry publication Corporate Counsel, in a survey published on Jan. 23, that they rely on technology assisted review (TAR).Technology assisted review (TAR) is a term that covers many different aspects of […]
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Beyond bitcoin: 4 surprising uses for blockchain
Written by : Rosamond HuttBlockchain was created as the system for running bitcoin and other cryptocurrencies. Big banks and corporate giants are racing to make the technology work for them in the belief that it will cut costs and transform the way the world does business.Finance is only the start, though. Blockchain is also being put to work on a handful of the world’s toughest problems. Think: human trafficking, conflict diamonds and land rights.How is this possible? Blockchain is a decentralized database shared among a network of computers, all of which must approve an exchange before it can be recorded. There’s no need for a trusted intermediary like a bank because the information is held securely and transparently on a […]
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