After Watson: Data and Enterprise in the 21st Century
Chief Technology Officer, Information Management Divison, IBM
Interviewer: VIJAY VAITHEESWARAN
Global Correspondent, The Economist
The era of big data presents incredible opportunities -- smarter cities, stronger companies, faster medicine -- but just as many challenges. Storage is scarce, systems overloaded, governments and businesses know too much. The world now contains unimaginably vast amounts of digital information, which is growing exponentially. Managed well, this data can be used to engineer new engines of economic value, unlock scientific breakthroughs, and hold politicians accountable. Managed poorly, it can cause great harm.
The financial crisis showed that complex models that analyze large quantities of data do not always reflect financial risk in the real world. The financial crisis was sparked by big data—and there will be others. But the data deluge will also generate millions of new ideas for how to solve big problems, build new markets, and expand existing ones. Ideas Economy: Information is a fresh look at knowledge management for the information age.
The Economist will bring together theorists, strategists, and innovators who understand how to harness data to create value and advance individual, corporate, and social good. We will sift through the vast quantities of current thinking on data to uncover the best ways forward. And we will apply the lessons of the Ideas Economy, about innovation, human capital, and intelligent infrastructure, to uncover new sources of growth and accelerate human progress across the globe.
Dr. Anant Jhingran is an IBM Fellow, vice-president and chief technology officer for IBM's Information Management Division. He is deeply involved in the IBM's middleware in the cloud (including co-chairmanship of IBM's Cloud Computing Architecture Board), and for the technical strategy of products and solutions in databases, content management, business intelligence and information integration.
Prior to this job, Dr. Jhingran lead the IBM team designing and building solutions to meet the requirements of business analytics on structured and unstructured data. He has also been the director of Computer Science at the IBM Almaden Research Center and before that, senior manager for e-Commerce and data management at IBM's T. J. Watson Research Center. He received his Ph.D. from UC Berkeley in 1990. Jhingran has received several patents and awards for DB2, and is also a member of IBM Academy of Technology.
Vijay V. Vaitheeswaran
Vijay V. Vaitheeswaran is an award-winning journalist, author, and public speaker. The Financial Times recently proclaimed him to be “a writer to whom it is worth paying attention.” A 20-year veteran of The Economist, he is currently the magazine’s China business and finance editor. Kirkus Reviews has called Need, Speed, and Greed, Vaitheeswaran’s new book on global innovation, “the perfect primer for the postindustrial age.” He is a life member at the Council on Foreign Relations and advisor to the World Economic Forum. His commentaries have appeared on NPR and the BBC, and in The Wall Street Journal and The New York Times.