Twitter Chat de MIT Sloan Experts: #MITBigDataLatAm – Lee Ullmann y Jorge Hernán Peláez

Lee Ullmann, Director of the MIT Sloan Latin America Office Office of International Programs

Lee Ullmann, Director of the MIT Sloan Latin America Office
Office of International Programs

¿Cuál es la importancia de Big Data para Latinoamérica y cuál es su futuro en la región?

Únanse para una conversación entre Lee Ullmann (@MITSloanLatAm), director de la Oficina para América Latina de MIT Sloan, y Jorge Hernán Peláez (@jhpelaez), reportero colombiano para La W, en donde platicaremos sobre cómo los datos masivos pueden contribuir significativamente tanto a las empresas como a los gobiernos.

La plática por Twitter tendrá lugar el 11 de mayo desde las 3:00 hasta las 4:00 p.m. ET.

¿Cómo pueden participar? ¡Es sencillo! Si tienen una pregunta, respuesta o comentario, simplemente incluyan #MITBigDataLatAm en sus Tweets.

La conversación en Twitter es un precursor a la conferencia “Big Data: Shaping the Future of Latin America” (Big Data: Cómo dar forma al futuro de América latina), organizada por la escuela de negocios MIT Sloan el 26 de mayo en Bogotá, Colombia. La conferencia reunirá a profesores internacionalmente renombrados para discutir como se puede usar Big Data para formar decisiones mejor informadas.

En promoción de las ideas de la conferencia, tendremos una conversación en Twitter sobre el papel de Big Data para el futuro de Latinoamérica y más ideas de la conferencia.

This is your fund manager’s secret weapon to fight high-frequency traders — Haoxiang Zhu

MIT Sloan Asst. Prof.  Haoxiang  Zhu

MIT Sloan Asst. Prof. Haoxiang Zhu

From MarketWatch

Mutual-fund and other asset managers trying to get the best price on a stock purchase or sale face a formidable challenge from fast-moving high-frequency traders — but managers are not defenseless.

To be sure, it’s difficult to execute large trades when HFTs deploy sophisticated pattern-recognition software in search of order-flow information that they can use to their advantage. When an asset manager unintentionally leaves footprints that tip its hand to these HFTs, the price is often impacted to the detriment of the asset manager.

So what can an asset manager do to prevent this from happening? By answering this question, we can help institutional investors improve their execution, reduce transaction costs, and ultimately deliver better investment returns.

In a recent study, my colleague and I looked into this issue. Our goal was to provide a realistic analysis of the strategic interaction between investors trading for fundamental reasons, such as pension funds, mutual funds, and hedge funds, and traders seeking to exploit leaked order-flow information, such as certain types of HFTs.

We find that asset managers have a powerful weapon against HFTs that exploit order flow information: Randomness.

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$1 million to create a more inclusive, productive, and sustainable future for all — Devin Cook

Devin Cook, Executive Producer of the MIT Inclusive Innovation Competition

Devin Cook, Executive Producer of the MIT Inclusive Innovation Competition

From Forbes

Two years ago, in their groundbreaking book The Second Machine Age, Professor Erik Brynjolfsson, Director, and Andrew McAfee, Co-director, of the MIT Initiative on the Digital Economy, described digital technology’s transformative effect on business, the economy, and society.  With productivity, wealth, and profits at historic highs, digital innovation has created unprecedented bounty for a great number of people. However, not all people have shared equally in this prosperity. In economic terms, overall GDP is growing but median incomes since 1999 have actually fallen. While technology has created greater wealth for society and for innovators at an unprecedented pace, changes in our economy are actually leaving many people — especially middle- and base-level earners — worse off.

This is the great economic paradox of our time, yet at the Initiative on the Digital Economy, we know this disparity will not define our future. Rather we are technology optimists, and we believe that the future of work can be better for all. However, we cannot ensure that people will enjoy prosperous working lives, if we just stand by and watch these trends unfold. Thus to celebrate, support, and inspire solutions to this challenge, the MIT IDE launched the Inclusive Innovation Competition (IIC). We will award a total of $1 million in prizes to the world’s most inventive organizations that are enabling more people to fully experience the prosperity of the Second Machine Age.

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Learning how to make a real difference with big data in Latin America – Lee Ullmann

Lee Ullmann, Director of the MIT Sloan Latin America Office Office of International Programs

Lee Ullmann, Director of the MIT Sloan Latin America Office
Office of International Programs

Big data is a popular buzz word these days. Companies are told they should harness the vast amount of data produced globally and it will lead to greater profitability and productivity. By using big data, they can reap benefits like producing better products and customization options. That’s all well and good, but it’s contingent on managers understanding how to use and analyze the data. How many can really do that across all industries?

A McKinsey Quarterly report in 2015 found that very few legacy companies have achieved “big impact” through big data. In the study, participants were asked what degree of revenue or cost improvement they had seen through use of big data. The answer was less than 1 percent for the majority of the respondents.

A big problem with big data is that, although everyone talks about it, most people don’t really know what to do to ensure that investing in it is a win-win proposition. To shed light on this issue, MIT Sloan is bringing its deep expertise to a May 26 conference in Bogotá, Colombia called, “Big Data: Shaping the Future of Latin America.” The presenters include faculty from across the MIT campus as well as the Department of National Planning in Colombia. With examples from their own research, they will share new and innovative ways to use big data to achieve specific goals.

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Passion and vision in business are overrated – Charles Kiefer

MIT Sloan Lecturer Charles Kiefer

MIT Sloan Lecturer Charles Kiefer

From Forbes

If you are like a lot of people, your New Year’s Resolution list includes one or more ventures that you’ve been stalling on. Likely you’ve postponed working on this item due to some lack of clarity or perhaps you fear that you haven’t the proper passion for the topic or sector or a compelling vision to start a business. Indeed, how many times have you heard this advice given to people thinking of starting a company: “You’ve got to be passionate about it. You gotta love what you do.” But guess what?

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