Artificial intelligence

1. Data is not information, information is not knowledge, knowledge is not intelligence, intelligence is not wisdom. The best computers now are able to process information in between the information and knowledge areas, albeit at very high speeds.
2. Bits correlate with speed, bytes correlate with size of files. 4G mobile processing speed is 5-12 megabits/sec for downloads, 2-5 Mbps for uploads.
3. Pfizer has fallen behind rivals in the race to develop immuno-oncology drugs in-house, explaining their interest in acquiring AstraZeneca for $118B earlier in 2014 (failed) and current partnership with Merck to develop perhaps 20 different immunotherapies.

Deflated footballs

1. Game-ready NFL footballs should be inflated to between 12.5 and 13.5 psi and weigh between 14 and 15 ounces. Twelve regular game balls and 6 kicking balls are prepared 2 hours and 15 minutes before the game and are inspected by referees before kickoff.
2. Apple had an annual profit last year of $40B and Google netted $19B. All in, Disney made $7B.
3. How can you recognize if your firms differences (strategic positioning, which is always more important than operational effectiveness for creating a sustained competitive advantage) are special enough to create SCA? 
1. Resource-based view of competitive advantage states that, for SCA, a firm must control exploitable resources that fit 4 characteristics: 1) valuable, 2) rare, 3) tough to imitate, 4) nonsubstitutable

"trash can"

• AOCI, accumulated other comprehensive income, is sometimes termed the "trash can" because of its propensity to house unrealized gains and losses that could be very material on a firm's net income. Companies have lobbied to keep AOCI on their books in order to prevent these gains and losses from lending an appearance of choppy or inconsistent revenues.
• Accessible from Manhattan's Upper West Side in 20 minutes or less, the Ice House in Hackensack, NJ is accessible in under 20 minutes from the island.
• Swings in the market yesterday, with price moving in excess of 430 points, represents some of the greatest volatility the market has ever seen.

Bushwick

• NYU students have moved out across the L line subway in New York City in search of cheap rent over the years: first to LES, then to Williamsburg, and now further out to Bushwick. Real estate prices are adjusting accordingly. The Bronx, according to some, is the new place frequented by artists--the next-up for gentrification.
• ERP=enterprise resource planning, integrating different operational areas in a company (usually through leveraging some kind of IT solution) in order to share information and realize maximum cost savings.
• Companies that are more "digitally mature" outperform others that are not by using IT to transform customer experience (customer understanding, top-line growth, customer touch points), operational processes (process digitization, worker enablement, performance management), and business models (digitally modified businesses, new digital businesses, digital globalization).