Futarchy is a proposed system of governance where decisions are made based on predictions of their outcomes, often using prediction markets. Instead of voting directly on what to do, people vote on which goals to pursue, then use markets to predict which actions will best achieve those goals. This approach aims to use collective intelligence…
Quadratic voting is a method of collective decision-making where people allocate votes not just by choosing a single option, but by buying multiple votes for the issues they care most about. The cost of each extra vote increases quadratically, meaning the second vote costs more than the first, the third more than the second, and…
Business Process Automation (BPA) is the use of technology to perform regular business tasks without human intervention. It helps organisations streamline operations, reduce errors, and improve efficiency by automating repetitive processes. Common examples include automating invoice processing, employee onboarding, and customer support ticketing. BPA allows staff to focus on more valuable work by taking over…
Digital transformation is the process where organisations use digital technologies to change how they operate and deliver value to customers. It often involves adopting new tools, systems, or ways of working to stay competitive and meet changing demands. This can mean moving processes online, automating tasks, or using data to make better decisions.
An AI adoption strategy is a plan that guides how an organisation introduces and uses artificial intelligence in its operations. It outlines the steps, resources, and goals for using AI to improve efficiency, solve problems, or create new opportunities. This strategy often includes assessing needs, preparing teams, choosing the right tools, and ensuring that changes…