Big Data: The Next Frontier for Innovation, Competition & Productivity

This McKinsey Global Institute report is a must read. NEU (www.neu.me) is currently developing a Master of Engineering in Big Data to address the need for engineering talent with competencies in big data management, analysis, visualization and data-driven decision making. Anyone needs more info, please contact me. We have scholarships for our first students and we are looking for full-time and part-time faculty.

MGI_big_data_exec_summary

Big Data: The Next Frontier for Innovation, Competition and Productivity

McKinsey Global Institute Report

“There will be a shortage of talent necessary for organizations to take advantage of big data. By 2018, the United States alone could face a shortage of 140,000 to 190,000 people with deep analytical skills as well as 1.5 million managers and analysts with the know-how to use the analysis of big data to make effective decisions.”

http://www.mckinsey.com/insights/business_technology/big_data_the_next_frontier_for_innovation

 

US Falling Further Behind in R&D Funding

scientists in research labFrom the ITIF e-newsletter – a Dec 2012 report by Battelle states that while the US and Europe will decrease R&D spending, global spending is forecast to grow by 3.7%, or $53.7 billion in 2013 to $1.496 trillion. The largest share of this increase, $22.9 billion, is expected to come from China, which continues its decade-long annual double digit increases in R&D investments. Through its Innovation 2020 strategy, China plans to invest $1.5 trillion over the next seven years on seven “strategic emerging industries,” namely: energy efficiency and environmental protection technologies; next generation information technology; biotechnology; high-end equipment manufacturing; new energy; new materials and alternative fuel vehicles.

Worth reviewing:

 innovationfiles.org-US_is_Falling_Further_Behind_in_Research_and_Development_Funding

The Tight Link between Economic Prosperity and Educational Achievement

A Matter of Degrees – this Miliken study arrives at a perfect time… It demonstrates a clear link between a region’s economic prosperity and the educational achievement of its workforce (US data). The study aims is to demonstrate to policymakers the importance of investing in education and for students, educators and employers to use their webtool to plan career paths, transform curriculum, and locate pools of talent.

Five key recommendations are made:

  1. Make higher education more affordable.
  2. Make higher education more accessible.
  3. Increase higher education graduation rates.
  4. Strengthen coordination between higher education institutions and industries.
  5. Promote research and development.

Worth all the time that takes reading the report and browsing the report’s webpage and tools.

www.matterofdegrees.net

Three California Universities Awarded Grant to Spur Innovation

From the ASEE newsletter – Three universities – the University of California, Berkeley, UC San Francisco, and Stanford University – will work together to promote and commercialized innovative ideas. The NSF money will help the schools develop new ideas and get them quickly to market.

San Francisco Business Times

Global Competitiveness (WEF 2012) – Switzerland, Singapore and Finland at the Top

Finland replaces Sweden at the top. China and Brazil moving up but not surprisingly for some of us, the US is moving down to the seventh position. The graphic says it all… Worth reflecting upon.

http://www.weforum.org/news/persisting-divides-global-competitiveness-switzerland-singapore-and-finland-top-competitiveness

Wealth of Nations – a New Index

From The Economist (June 5 2012)

GDP has measured wealth of countries for over 70 years. A new OECD index, called the “Better Life” index includes other dimensions of  ‘wealth’. The Economist has grouped the 11 sectors of this new index into four broader categories. America excels most in money and jobs, Switzerland in health and education.

Worth browsing!

http://www.economist.com/blogs/graphicdetail/2012/06/daily-chart-1?fb_ref=activity