MIT Center For Digital Business
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MIT Center For Digital Business
The 'MIT Center for Digital Business' is an industry-funded research center headquartered at the MIT Sloan School of Management. MIT Initiative on the Digital Economy In 2013, the Center for Digital Business organized and launched the Institute-wide MIT Initiative on the Digital Economy, to address the impact of digital technologies on the world, led by Erik Brynjolfsson and Andrew McAfee Andrew Paul McAfee (born ), a principal research scientist at MIT, is cofounder and codirector of the MIT Initiative on the Digital Economy at the MIT Sloan School of Management. He studies how digital technologies are changing the world. Life .... See also * Digital Transformation (Business) References {{reflist External links Center for Digital Business Official site MIT Sloan Management Review web site Massachusetts Institute of Technology ...
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Industry-funded Research
Industry funding of academic research in the United States is one of the two major sources of research funding in academia along with government support. Currently, private funding of research accounts for the majority of all research and development funding in the United States as of 2007 overall.https://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/82xx/doc8221/06-18-research.pdf Overall, Federal and Industrial sources contribute similar amounts to research, while industry funds the vast majority of development work. While the majority of industry research is performed in-house, a major portion of this private research funding is directed to research in non-profit academic centers. As of 1999, industrial sources accounted for an estimated $2.2 billion of academic research funding in the US. However, there is little governmental oversight or tracking of industry funding on academic science and figures of the scale of industry research are often estimated by self-reporting and s ...
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MIT Sloan School Of Management
The MIT Sloan School of Management (MIT Sloan or Sloan) is the business school of the Massachusetts Institute of Technology, a private university in Cambridge, Massachusetts. MIT Sloan offers bachelor's, master's, and doctoral degree programs, as well as executive education. Its degree programs are among the most selective in the world. MIT Sloan emphasizes innovation in practice and research. Many influential ideas in management and finance originated at the school, including the Black–Scholes model, the Solow–Swan model, the random walk hypothesis, the binomial options pricing model, and the field of system dynamics. The faculty has included numerous Nobel laureates in economics and John Bates Clark Medal winners. History The MIT Sloan School of Management began in 1914 as the engineering administration curriculum ("Course 15") in the MIT Department of Economics and Statistics. The scope and depth of this educational focus grew steadily in response to advances in the the ...
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Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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Erik Brynjolfsson
Erik Brynjolfsson (born 1962) is an American academic, author and inventor. He is the Jerry Yang and Akiko Yamazaki Professor and a Senior Fellow at Stanford University where he directs thDigital Economy Labat the Stanford Institute for Human-Centered AI, with appointments at SIEPR, the Stanford Department of Economics and the Stanford Graduate School of Business. He is also a research associate at the National Bureau of Economic Research and a best-selling author of several books. He is known for his contributions to the world of IT productivity research and work on the economics of information and the digital economy more generally. Biography Erik Brynjolfsson was born to Marguerite Reman Brynjolfsson and Ari Brynjolfsson, a nuclear physicist. He earned his A.B., ''magna cum laude'', in 1984 and his S.M. in applied mathematics and decision sciences at Harvard University in 1984. He received a Ph.D. in Managerial Economics in 1991 from the MIT Sloan School of Management. Br ...
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Andrew McAfee
Andrew Paul McAfee (born ), a principal research scientist at MIT, is cofounder and codirector of the MIT Initiative on the Digital Economy at the MIT Sloan School of Management. He studies how digital technologies are changing the world. Life and work McAfee is the author of ''Enterprise 2.0'', published in November 2009 by Harvard Business School Press, and co-author of ''Race Against the Machine'' with Erik Brynjolfsson. In 2014, this work was expanded into the book ''The Second Machine Age''. He speaks frequently to both academic and industry audiences, most notably at TED 2013 and on ''The Charlie Rose Show ''Charlie Rose'' (also known as ''The Charlie Rose Show'') is an American television interview and talk show, with Charlie Rose as executive producer, executive editor, and host. The show was syndicated on PBS from 1991 until 2017 and is owned b ...''. Work Books McAfee's first book, ''Enterprise 2.0: New Collaborative Tools for Your Organization's Toughest Cha ...
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Digital Transformation (Business)
Digital transformation is the adoption of digital technology by an organization to digitize non-digital products, services or operations. The goal for its implementation is to increase value through innovation, invention, customer experience or efficiency. History Digitization is the process of converting analog information into digital form using an analog-to-digital converter, such as in an image scanner or for digital audio recordings. As usage of the internet has increased since the 1990s, the usage of digitization has also increased. Digital transformation, however, is broader than just the digitization of existing processes. Digital transformation entails considering how products, processes and organizations can be changed through the use of new, digital technologies. A 2019 review proposes a definition of digital transformation as "a process that aims to improve an entity by triggering significant changes to its properties through combinations of information, computing, c ...
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