MIT Sloan’s David Schmittlein appeared on CEO Global Foresight to discuss how the United States is leading world innovation in life sciences, information technology, and energy.
The segment was recently made available as an 8-minute podcast on the Innovation Gamechangers podcast, available on iTunes.
Dean Schmittlein also discusses innovation clusters and how the MIT community encourages a culture of collaboration and action learning. The program also includes interviews DARPA director Arati Prabhakar and Carl Dietrich, an MIT alumnus and CEO of flying car company Terrafugia.
As the U.S. and Europe teeter on the edge of a devastating double-dip recession, India’s economic boom—once considered a bright spot in an otherwise bleak global financial landscape—is also showing signs of weakness.
The International Monetary Fund recently cut its growth projection for India, warning that the country was perilously close to double-digit inflation. (In the past fiscal year, India’s economy grew 8.5%; before the financial crisis, its growth exceeded 9% for three straight years.) The IMF cited “a drag from renewed global uncertainty” as the main reason for the revision, but that is letting India off easy.
I’ve sat through the first two two sessions at the MIT Sloan CIO Symposium, expecting to hear all about the wonderful opportunities doing digital business.
Was I wrong! The sessions, entitled 1) “Opportunities in the Digital Business World” and 2) “What every CIO should Know about the Future impact of Digital Business,” focused on security, risk, privacy and how to manage infinite oceans of data were the dominant topic. We heard words like “headaches” and “hacker.”
Certainly, no one has corned the market for a playbook that explains how CIOs deal with vast amounts of data, all that threatens it and how to exploit it.
This week, two conferences on related topics are scheduled for successive days at MIT—the annual MIT Sloan CIO Symposium today and the annual meeting of the MIT Center for Digital Business Thursday. Attendees at both events will include executives responsible for their organizations’ information services.
These leaders have very important jobs these days. Information management is no longer an obscure, technical department in companies. The success of firms can well hinge on how information managers do their jobs.
Every 1.2 years, the volume of business data worldwide doubles. In the course of the two days that the conferences are being held—actually any two days this year—businesses around the world will produce more data than all of the world’s businesses produced in all of history before 2003.