Blockchain – A dummies journey into the unknown

Unless you are castaway on an Island, I can bet you’ve been bombarded by Blockchain or Bitcoin news. Blockchain is the new cool kid on the ‘Block’. I have been reading about this for a while and I am privileged to talk directly with folks within the technology world who are trying to bring this…

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My Stories in Project Management – Part 2

Is Project Management more an ‘Art’ that is unique to the capabilities of few individuals or a ‘Science’ that can be systematically studied and applied predictably? The best way to answer that question is by drawing inference to the field of Photography. There is a rule in Photography called ‘The Rule of Thirds’. In its…

Wisdom of the Crowd

The age-old maxim, Vox Populi, Vox Dei meaning Voice of People is the Voice of God may hold some credence against the popular belief that crowd behavior is the expression of human madness. Lets see how. Wisdom of the crowd phenomenon was first noted just over a century ago by Sir Francis Galton when he asked…

I See Muda, Mura and Muri Everywhere

I learnt about an interesting concept in an unusual situation. Over the weekend, I was waiting in the check-out line in Costco (a local wholesale warehouse / store) with only couple of items bought to ring through the cash registers. Being a wholesale store, people buy stuff in large quantities and given the weekend, the lines were really…

Nash Equilibrium in Everyday Life

The brilliance of ‘A Beautiful Mind’ was recognized again last week when John Nash the famous mathematician won the coveted Abel prize in Mathematics. John Nash is one of the very few mathematicians known in popular culture not only as a celebrity popularized by the movie ‘A Beautiful Mind’, but also for the ground breaking work…