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2025-04-21 22:35:00| Fast Company

The Fast Company Impact Council is an invitation-only membership community of leaders, experts, executives, and entrepreneurs who share their insights with our audience. Members pay annual dues for access to peer learning, thought leadership opportunities, events and more. AI is no longer a side project. It now sits at the heart of how companies grow, compete, and make decisions. Yet many leaders still struggle to separate hype from value and wonder how to invest wisely without wasting time or resources.  A key challenge lies at the top: a lack of AI literacy among executive teams. Research covering nearly 7,000 executives across 645 firms shows a clear pattern: Companies led by AI-literate teams are more likely to identify where AI can create value and act on it.  Rethink responsibility  Many executive teams still treat AI as a tech issuesomething for IT or data teams to figure out. But AI is a leadership issue. It belongs on the agenda of every CMO, CFO, CHRO, and CEO.  More importantly, its not about a single role. Its about the collective literacy of the top team. Research rooted in upper echelons theory confirms this: AI-literate leadership teams are more likely to build strategic visions that integrate AI and translate that vision into tangible action, from capability building to execution.  So appointing a chief AI officer (CAIO) without a broader shift in understanding wont be enough if the rest of the executive team cant grasp the art of the possible and actively shape the direction AI takes in the business. As one leader put it, Hiring a CAIO is like hiring a pilot for a crew that doesnt believe in flying.  The cost of poor AI literacy  As MIT Sloan Management Review points out, The overall low literacy rate is a problem for todays executives, who will face more and more processes or products that claim to be powered by AI. Making informed decisions about these AI tools requires leaders to understand how they align with strategy and operationsand to know which questions matter.  Without a clear understanding of what AI can door where it breaks downexecutive teams fall into familiar traps:  Buying into hype they cant evaluate   Investing in tools without understanding their fit   Setting expectations AI (or teams) cant meet   Focusing on flashy pilots instead of long-term capability building  The result is often pilot purgatory, or initiatives that stall. Missed opportunities. And in some cases, the slow decline of companies that once dismissed digital as a passing trend.  From confusion to competence: The AI literacy ladder  To help executive teams assess where they stand and what to do next, we use a five-step model: the AI literacy ladder. Think of it as a five-step staircase representing the typical journey executive teams take as they build fluency in AI, moving from scattered perspectives to a shared understanding and strategic alignment:  Confusion: AI feels like a buzzword. Theres no shared understanding or agreement on relevance.   Curiosity: Interest is rising, but views are fragmented. Theres little clarity on where to begin.   Comprehension: The team develops a common language around AIs potential and risks.   Confidence: Teams ask sharper questions and align on use cases that matter.   Competence: AI becomes part of strategic planning and decision making.  [Graphic: Philippe De Ridder, CEO at BOI] Why AI-literate teams outperform  When executive teams build AI fluency together, they unlock a dynamic we call the AI fluency flywheel: Teams that move beyond confusion and start learning together gain momentum. They stop treating AI as an isolated initiative and start treating it as a core strategic capability. Over time, this fluency allows them not just to respond, but to lead. [Graphic: Philippe De Ridder, CEO at BOI] So where do executive teams learn AI?  Despite the flood of AI training programs, few are built for leadership teams. Most are either too technical, too long, or designed for individuals. Whats missing is a shared learning experience. One that helps leadership teams:  Understand whats possible and whats not  Cut through noise and inflated promises  Align on use cases worth pursuing  Build a common language across roles  Closing the gap starts at the top  As AI reshapes how organizations operate and compete, executive teams cant afford to stay on the sidelines. The journey toward AI maturity isnt about becoming technical experts. Its about building shared fluency across the leaership team. It starts with honest reflection: Where are we on the AI literacy ladder? What will it take to move forward, together?  The first step is simple but powerful: Make space for the conversation. Invite different perspectives. Commit to learning together. Teams that do this wont just keep up. Theyll help shape whats next.  Philippe De Ridder is founder and CEO of BOI (Board of Innovation) and AUTONOMOUS. Laura Stevens, PhD is managing director, Data & AI at BOI.  


Category: E-Commerce

 

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2025-04-21 22:00:00| Fast Company

The Lyrid meteor shower is one of the most well-known stellar displays, occurring once a year in April. It’s also one of the oldest meteor showers that we know of, with records dating back to 687 BCE from Chinese astronomers. Unlike many meteor showers, the Lyrids are relatively short: In 2025, the event runs a little more than a week, from April 17 to April 26. It will peak in the nighttime hours of April 21 to 22. Typically, you can expect to see 10 to 20 meteors per hour at the peak, though the Lyrids have been known to outperform and deliver up to 100 meteors per hour. If you’d like to catch the show this year, here’s what to know about the 2025 Lyrids meteor shower peak. What’s the best time to see the Lyrid meteor shower peak? The Lyrids will be most visible after midnight and before the dawn hours. That’s as the moon will be relatively dim in its waning crescent phase and wont rise until the early morning hours, around 3 a.m. local time. It’s best to target this window of time between midnight and 3 a.m. Where should I look to see the Lyrids? The Lyrids are viewable from the Northern Hemisphere. To see them, find the bright star Vega, which is a bluish white star that will rise in the northeast in the evening hours. Its one of the brightest stars in the night sky and is easily visible, even from light polluted areas (aka, excessive artificial lighting). Vega is located in the constellation Lyra. Lyra is the radiant of the meteor shower, which means that the meteors will appear to originate from this constellation (hence the name, the Lyrids). To get the best view of the meteor shower, try to avoid areas with lots of light pollution. What causes the meteor shower? The Lyrid meteor shower may look to us like it originates from the constellation Lyra, but it’s actually the product of Earth passing through the trail of the comet C/1861 G1 Thatcher, which takes 415 years to orbit the sun. As the comet proceeds through the solar system, it leaves dust and debris in its wake. When Earth intersects this trail, thats what produces the meteor shower.


Category: E-Commerce

 

2025-04-21 21:30:00| Fast Company

Restaurant delivery in New York is not like restaurant delivery in any other part of the country. The city has a long history with food delivery thanks to its dense population and copious restaurants (roughly 25,000 at last count). It even had its own delivery brand, Seamless, launched over a quarter-century ago as SeamlessWeb in the city. Now, after a brief fall from public view, Seamless is back in New York. Seamless has operated under the thumb of a much larger brand for years. It merged with Grubhub in 2013, but retained its own branding in the biggest and arguably most important delivery market in the country. But when Grubhub got a new, foreign owner in 2020Amsterdam-based Just Eat Takeaway (JET)its new leaders moved to more or less erase Seamlesss branding. Grubhub would benefit from optimized marketing and streamline network effects, JETs CEO said.  Just as pandemic shutdowns boosted the delivery business, Grubhub effectively ditched a brand that appealed to its largest market, opening the door to eager competition from national brands like Uber Eats and DoorDash. {"blockType":"creator-network-promo","data":{"mediaUrl":"https:\/\/images.fastcompany.com\/image\/upload\/f_webp,q_auto,c_fit\/wp-cms-2\/2025\/03\/Expedite-Icon-E-white-background.jpg.jpg","headline":"Expedite","description":"Restaurant technology and the big ideas shaping the future of hospitality, by Kristen Hawley. To learn more visit expedite.news","substackDomain":"https:\/\/www.expedite.news\/","colorTheme":"salmon","redirectUrl":""}} In hindsight, this was a mistake, one that Grubhubs new, New York City-based owners want to correct. Wonder, the so-called mealtime superapp led by serial entrepreneur Marc Lore, bought Grubhub for $650 million in January. Lore hasnt offered many details about Grubhubs future, but it clearly sees value in the New York market.  Its interesting to think that there would be nostalgia around one of these digital-first delivery brands, says Tim Calkins, a marketing professor at Northwestern University’s Kellogg School of Management. I think people might be happy to hear that this brand is back and look at it as bringing backand reconnecting withan old friend.  If that friend were a person, theyre old enough to order a cocktail. Seamless debuted in New York in 1999, well over a decade before upstart competitors would challenge its dominance. (At the time, two of DoorDashs three founders were under age 10.) Back then, orders placed online often arrived at restaurants by fax, an almost quaint precursor to the high-tech networks that route these orders today.   Now, the stakes are even higher. Grubhubs share of the restaurant delivery market has fallen to a distant third behind DoorDash and Uber Eats. Per recent reporting in Bloomberg, Grubhub controls just 5% of the delivery market nationwide, according to data from Bloomberg Second Measure. In New York, Bloomberg reports, numbers from YipitData suggest that Grubhub controls about a fifth of the delivery market. In an interview, Grubhub CEO Howard Migdal disputed this, saying Grubhubs data shows it controls a significantly higher portion. Even with a slight tailwind, reviving the legacy brand will take work. The most important thing for Grubhub to do, Calkins says, is to highlight what makes Seamless different.  There is something about being a local brand, a New York brand, that could be a differentiator, he says.  That seems to be Grubhubs plan. In a statement, the company praised Seamless for consistently speaking to and delivering on the nuances of living in the city that only New Yorkers could appreciatea.k.a. the type of if-you-know-you-know nod that plays well in local ads plastered on bus shelters and inside subway cars.  Of course, getting New Yorkers attention is just part of the contest. The challenge then, Calkins says, is you have to get people to care. {"blockType":"creator-network-promo","data":{"mediaUrl":"https:\/\/images.fastcompany.com\/image\/upload\/f_webp,q_auto,c_fit\/wp-cms-2\/2025\/03\/Expedite-Icon-E-white-background.jpg.jpg","headline":"Expedite","description":"Restaurant technology and the big ideas shaping the future of hospitality, by Kristen Hawley. To learn more visit expedite.news","substackDomain":"https:\/\/www.expedite.news\/","colorTheme":"salmon","redirectUrl":""}}


Category: E-Commerce

 

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