Decisively Digital is nominated for the Financial Times and McKinsey Business Book of the Year Award 2021

The publisher of Decisively Digital, Wiley, has informed me that our book is now officially nominated for the prestigious Financial Times and McKinsey Business Book of the Year Award 2021.

The nomination itself is a very big achievement. Let’s keep our fingers crossed that we win this award!

Thank you, everyone, for making this possible — and for the uplifting and inspiring words:

Decisively Digital is the #1 New Release in Organizational Change on Amazon

Our book Decisively Digital is the number 1 new release in Organizational Change on Amazon!

The paperback of Decisively Digital became available yesterday in the US, with other territories soon to follow.

It took a village to finish this book. Many thanks to all of you:

Decisively Digital — From Creating a Culture to Designing Strategy: Book is Now Available

My new book Decisively Digital — From Creating a Culture to Designing Strategy is now available for pre-order at most bookstores. The ebook is already available:

Book’s website | Amazon | Barnes & Noble | Books A Million | IndieBound | Thalia | Weltbild | published by Wiley

Check out 24 gripping interviews with Elissa Fink, Mohamed Abdel Hadi, Dr. Henna Karna, Derek Roos, Edna Conway, Kerem Tomak, André Rabold, Bora Beran, Florian Ramseger, Tatyana Yakushev, Patrick Kirchgäßner, Jordan Morrow, Yilian Villanueva Martinez, Lee Feinberg, Mark Kromer, Sarah Burnett, Andreas Kopp, Cameron Turner, Christy Marble, Prof. Dr. Patrick Glauner, Vladimir Alexeev, Sofie Blakstad, Sven Sommerfeld, and Ian Choo. Thanks also to Bernard Marr for the foreword, Patrick Walsh for editing, and everyone for supporting me in the preparation and reviews.

More about the book from the back cover:

INSIGHTS AND APPLICATIONS FROM 24 LEADERS OF THE DIGITAL REVOLUTION FROM CREATING A CULTURE TO DESIGNING STRATEGY

Today’s business world is Decisively Digital. Across the business landscape, the leaders rising to the top are the ones who can think big-picture about data, AI, analytics, and beyond. How do we build new capabilities around digital, so we can push into the future with full steam? That’s the question at the heart of the twenty-four incisive interviews inside this unique collection of up-to-the-minute expertise from the people who are moving business forward.

With this book, your mentors are the very digital masterminds behind some of today’s top global organizations. Discover how tech giants are reinventing the world of work, how the financial sector is streamlining with data analytics, and what the latest AI research means for the businesses of today and tomorrow. You’ll also gain access to a toolkit of updates, further reading, and digital strategy ideas on the included companion website.

Discover the inspiration you need to evolve your business for the digital age and learn to:

    • Establish a digital culture that empowers people to work smarter
    • Implement data democracy and analytics to discover new capabilities
    • Generate tangible business results using new tech tools
    • Realize efficiencies with artificial intelligence, blockchain, and the Internet of Things
    • Apply real-world examples as you build your own future-proof digital strategy

“Alexander has brought together some of the brightest voices and smartest thought leaders from leading organisations across many industries, to bring you unmissable insights and real-world examples to showcase how technology can improve your businesses and drive business results today and tomorrow.”
—Bernard Marr, Futurist, influencer and best-selling author of Tech Trends in Practice and The Intelligence Revolution

Decisively Digital is decisively executive. Great experts, great interviews, and great insights combine to a crisp, cohesive and powerful story. It would be quite a mistake for any (aspiring) leader not to dive into this book, so I will definitely put it on the list of mandatory readings for my future students!”
—Markus Maedler, Director Executive MBA Programmes at Frankfurt School of Finance & Management

Thank you all who helped me to complete this book — and please feel free to share the news:

Is Crypto Dead? What to Buy/Mine? FinTechs beyond Blockchain?

Bitcoin crashes to lowest this year, losses top 25% in a week
Bitcoin crashes to lowest this year, losses top 25% in a week | Photo Credit: via Marco Verch

Yesterday, on my way to an AI roundtable, I had an interesting conversation about the future of crypto assets. I met Michael, who works for one of the world’s biggest insurance companies, on the train from Frankfurt to Munich. Of course, our conversation started with a nifty 7-minute Tableau demo – a wonderful ice breaker!

After closing the demo with the Bitcoin Dashboard on Tableau Public, the conversation quickly headed towards crypto assets and (non-)blockchain FinTechs. These are the top 3 of Michael’s questions that I want to share with you – together with my answers:

1. Is the blockchain innovation dead?

Absolutly not! Blockchain is a relatively new technology which has a long way to go before it becomes mainstream. Last year the most successful projects were those that aimed at adapting new technologies for convenient use. Furthermore, crypto assets create a new structure of safe and anonymous storage and managing of information. Projects like Ethereum proved to be extremely useful for building a steady and secure contracts, cloud storage and product quality control.

2. Are there still interesting crypto assets to buy or to mine?

Yes, indeed! In particular I’d suggest crypto assets targeting innovative use cases. If you buy these, you are actually investing in technology projects:

  • Factom (FCT) recently announced a partnership with Equator PRO, and according to the press release that announced the -partnership, Equator PRO is a software-as-a-service (SaaS) solution that aims to offer efficiency and oversight to help other mortgage servicers.
  • Clams (CLAM) is a crypto asset similar to bitcoin, but is using a ‘proof of stake’ system, which should be more equitable and fairer than bitcoin’s ‘proof of work’ system.
  • Electroneum (ETN) has a heavy emphasis on mobility and micropayments. A huge portion of the world’s population own a mobile phone but have no bank account. Electroneum aims to provide financial services for everybody in the world who has a mobile phone.

If you are into mining, it also makes sense if you are going to mine coins with innovative technology. Currently, I would strongly consider to mine Ravencoin (RVN) and its little sister Pigeoncoin (PGN).

Factom use cases
Factom use cases

3. Which non-blockchain related FinTech might be worth to look at?

Definetly Mintos! Mintos is much more than a regular peer-to-peer lending platform. Mintos is a global online marketplace for loans, which provides retail investors an easy and transparent way to invest in loans originated by a variety of alternative lending companies around the world. Furthermore, Mintos has demonstrated exponential growth and has become the world’s largest marketplace of its kind.

What’s your view on crypto? Let me know in the comments or via Twitter:

Price and Sentiment Analysis: Why is Bitcoin Going Down?

Bitcoin Price and Sentiment Analysis with variable Moving Average: click to open interactive Tableau dashboard with annotations
Bitcoin Price and Sentiment Analysis with variable Moving Average: click to open interactive Tableau dashboard with annotations

Bitcoin has become one of the trendy investment assets in the recent years. Whenever bitcoin prices approach historical highs, every investor should watch the currency closely. Bitcoin rallied by more than 20% in the first days of 2017, crossing the $1000 mark for the first time since November 2013.

As many experienced bitcoin traders will remember, the first $1000 peak was a case of obvious over exuberance. Bitcoin was hot, plenty of money was pouring into it. Bitcoin investors got too excited, causing a price surge. Prices then rebounded and suffered a long-term collapse shortly after.

Moving Average Convergence/Divergence Indicator

Many traders rely on a Moving Average Convergence/Divergence (MACD) indicator. The MACD is a measure of the convergence and divergence between two EMAs (usually 12 and 26 days) and is calculated by subtracting the two of them. The signal line is constructed by creating an EMA (usually 10 days) of the signal line.

The signal line crossing the MACD from above is a buy signal. The signal line crossing the MACD from below is a sell signal. Relying only on momentum-based indicators (such as the MACD) and optimization-based models, however, will most certainly fail to indicate heavy price drops, as the drop in late 2016.

Predicting Fear with Sentiment Analysis

In late 2016 a lot of people began to pour money into bitcoin again. This time because they were worried that stock markets and other assets were due for a drop. For investors, it is essential to figure out whether or not these fears are actually founded. However, such “safe assets” are prone to suffering from bubbles. People get scared, get invested into gold, or bitcoin, then realize that their fears were unfounded. As a result bitcoin prices could plummet.

So how to catch emotions such as fear in advance? Twitter is a valuable source of information and emotion. It certainly influences the stock market and can help to predict the market. Sentiment analysis can lead price movements by up to two days. Negative sentiment, however, is reflected in the market much more than positive sentiment. This is probably because most people tweet positive things about bitcoins most of the time. Even more positive news occurred after breaking the $1000 barrier.

This content is part of the session “Price and Sentiment Analysis: Why is Bitcoin Going Down?” that I deliver at the Frankfurt Bitcoin Colloquium. Have a look on my upcoming sessions!

: Axis for Moving Average adjusted. Relative Date selector added with last 6 month as default. Screenshot updated.

Feel free to share the Bitcoin Price and Sentiment Analysis dashboard, which is also featured as Viz of the Day on Tableau Public: