President and Chief Operating Officer, EMC
Chief Executive Officer, SAS
Senior Vice-president, Engineering and Chief Technology Officer, Cisco
Moderator: MATTHEW BISHOP
US Business Editor, 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.
Matthew Bishop is the U.S. business editor and New York bureau chief of The Economist. His new book, The Road from Ruin: How to Renew Capitalism and Put America Back on Top, with Michael Green, was published by Crown in February 2010. Philanthrocapitalism, his previous book (also with Mr. Green) was on the global revolution under way in philanthropy. Mr. Bishop is also the author of Essential Economics, The Economist's official layperson's guide to economics.
Pat Gelsinger is president and chief operating officer of EMC Information Infrastructure Products. With 2009 revenues of $14 billion and approximately 43,000 employees, EMC is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Mr Gelsinger is responsible for EMC's Information Infrastructure product portfolio, including its Information Storage, RSA Information Security, Information Intelligence Group, and Ionix IT management divisions. Before joining EMC, Mr Gelsinger was senior vice-president and co-general manager of Intel's Digital Enterprise Group, the company's largest business group accounting for more than half of Intel's annual revenue. Under Gelsinger's leadership, that group was responsible for Intel's enterprise products including clients (PC's), Server (Xeon and Itanium), Embedded, Communications, Visualization and Storage products. The group was also responsible for the award-winning Nehalem microarchitecture product development. Prior to this, Gelsinger led Intel Labs, which encompasses many of Intel research activities, including leading Corporate Technology Group and Intel Research. As Intel's first chief technology officer, he managed Intel's longer-term research efforts and helped ensure consistency from Intel's emerging computing, networking and communications products and technologies.
Jim Goodnight is co-founder, president and CEO of SAS, the world's leading business analytics software vendor. Dr Goodnight's commitment to progressive work-life programmes such as on-site child care, health care and recreation and fitness center have consistently put SAS at the top of Fortune's list of "100 Best Companies to Work For." Dr Goodnight put education at the top of SAS' philanthropic efforts by co-founding the SAS Institute France Cary Academy, a college-preparatory day school for grades 6-12 that integrates technology into all facets of education. From 1972 to 1976 Dr Goodnight was a professor at North Carolina State University. A Fellow of the American Statistical Association, he has authored numerous papers on statistical computing.
Cisco Chief Technology & Strategy Officer Padmasree Warrior is charged with aligning technology development and corporate strategy to enable Cisco to anticipate, shape, and lead major market transitions. She helps direct technology and operational innovation across the company and oversees strategic partnerships, mergers and acquisitions, the integration of new business models, the incubation of new technologies, and the cultivation of world-class technical talent.