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What’s happening this week at the intersection of management and technology: The pitfalls of automation; government support for AI initiatives; can computer code produce iron-clad contracts?
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The Information Age has revolutionized how we shop, travel and entertain ourselves—and yet we know little about how digitization has impacted the economy. That’s because the main gauge of economic growth, Gross Domestic Product, doesn’t capture much of the value created by “information goods.”
American health care is undergoing a data-driven transformation — and Intermountain Healthcare is leading the way. This MIT Sloan Management Review case study examines the data and analytics culture at Intermountain, a Utah-based company that runs 22 hospitals and 185 clinics. Data-driven decision making has improved patient outcomes in Intermountain’s cardiovascular medicine, endocrinology, surgery, obstetrics and care processes — while saving millions of dollars in procurement and in its supply chain. The case study includes video clips of interviews and a downloadable PDF version.
In the weeks following revelations that the U.S. National Security Agency’s domestic spying network taps the electronic and telephone communiqués of so many Americans, consumers have intensified their concerns about corporate complicity in government data snooping. That leads to the question: Are we at the beginning of a consumer backlash that will stymie data-sharing? Or is it inevitable that we’re moving into a new era of diminished privacy?
It seems pretty obvious that droughts and hot weather hurt agricultural output and growth, but MIT professor of economics Benjamin Olken asserts that even localized hot spells can significantly damage long-term economic growth in developing countries. In a recent paper published in the American Economic Journal: Macroeconomics, Olken and his colleagues found that every 1 degree Celsius increase in temperature in a poor country reduces economic growth by around 1.3 percentage points, and that higher temperatures also may reduce the rate of growth.
Because of a multiplier effect, each new high-tech job in the U.S. creates five additional jobs in the service economy, says economist Enrico Moretti.
New research shows that young people from the U.S. and Canada to Germany and South Korea are driving less, biking more and using public transportation in significantly higher numbers.
The MIT SMR and BCG 2012 Sustainability and Innovation research report “Sustainability Nears a Tipping Point” prompted an invitation to participate in a White House Sustainable Supply Chain Dialogue on March 30 in Washington, DC.
The U.S. Environmental Protection Agency’s Power Profiler tells U.S. residents where their electricity comes from, and offers suggests for switching to green energy.
Police in Santa Cruz, California, are using a computer program to predict where burglaries and other crimes might take place based on past events and forecasting, and using that information to deploy resources more smartly.
There’s plenty of optimism to be heard about Asia’s innovation future — but less optimism about the U.S.’s ability to maintain its historical innovation leadership in the 21st century.
Two experts explain that, to achieve the kind of innovation in energy technology necessary to address climate change, the U.S. needs a different policy approach.
Sign of the times: In a wide-ranging speech on energy policy, a leading U.S. energy executive discusses the need to place some type of price on carbon dioxide emissions.
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