Vice-president, Products and Co-founder, Greenplum
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.
In his role as vice-president of products for EMC's Data Computing Division, Scott Yara is responsible for the product development and marketing strategies. He is a co-founder of Greenplum and was president of the company.
Prior to Greenplum, Mr. Yara served as vice-president for Digital Island, a publicly traded Internet infrastructure services company that was acquired by Cable & Wireless in 2001. His background includes more than 12 years of experience in helping to develop and bringing to market Internet-scale, high-performance computing technologies. Prior to Digital Island, he served as vice-president for Sandpiper Networks, an Internet content delivery services company that merged with Digital Island in 1999. At Sandpiper, Scott helped to create the industry's first content delivery network (CDN), a globally distributed computing infrastructure comprised of several thousand servers, and used by many of the industry's largest Internet services including Microsoft and Disney.