Problems with online payment persist, but improvements are unfolding — Irving Wladawsky-Berger A few months ago, the Linux Foundation (LF) announced its intent to launch the Open Wallet Foundation (OWF) in early 2023. The OWF aims to develop open source software, key building blocks, and best practices that anyone can use to build multi-platform, interoperable, secure, and privacy-protecting digital wallets…

Two recent MIT IDE seminars focused on gender inequality at startups and labor market salary tools — By Paula Klein Is there data to show that female entrepreneurs face discrimination? Will salaries be more competitive if they are aggregated among employers? The answer is ‘yes’ in both cases, according to speakers at the IDE’s fall seminar series. At two recent sessions, researchers addressed inequalities resulting from AI…

Experts say global policies and protections are needed — By Michael Dukakis, Nguyen Anh Tuan, Alex Pentland Artificial intelligence (AI) and automated systems are increasingly affecting our daily lives. Banking algorithms decide who is eligible for housing or loans, healthcare algorithms are making decisions on coverage and standards of care. Companies are using hiring algorithms to sort resumes.

Headsets and business apps will be the next big thing — but it may take awhile. — By Irving Wladawsky-Berger Everyone in is always searching for the Next Big Thing. So once again, The Economist in A reality check for the metaverse is coming, a recent article in The World Ahead 2023 year-end issue, raises questions about the potential of the metaverse, as I wrote last week…

AI is improving data management and easing workloads behind the scenes — By Thomas H. Davenport and Thomas C. Redman From MIT Sloan Management Review Data management is crucial for creating an environment where data can be useful across the entire organization. Effective data management minimizes the problems that stem from bad data, such as added friction, poor predictions, and even simple…

MIT student teams deliver solutions to business partners — By Paula Klein The power of data analytics to solve — and to head off — real-world problems was proven again at MIT this month. At the December 2 MIT Analytics Lab (A-Lab) presentation day it was clear that the “lab” work in this case, is done in the…

The effects of AI on business are unfolding slowly, but steadily, — Irving Wladawsky-Berger AI is emerging as the defining technology of our era. AI technologies are approaching or surpassing human levels of performance in vision, speech recognition, language translation, and other human domains that not long ago were viewed as the exclusive domain of humans. Over the next few years, major…

Economists, technologists debate the goals of decentralized societies. Who will control data and toward what end? — By Paula Klein There’s a lot more to Web3 and cryptocurrencies than most people have considered. Beyond bitcoin or VR headsets for peering into the metaverse, researchers are studying whole new social, financial and commercial networks based on these emerging technologies. But will the networks lead to decentralized, libertarian utopias…

This year’s books from MIT experts deliver insights on a future-ready workforce, game theory, AI, and more — By Meredith Somers, MIT Sloan As the world navigated another year of the pandemic, leaders and managers faced economic and geopolitical turmoil, workers reevaluated their jobs and priorities, and everyone witnessed the environmental toll that rising temperatures took on the planet. Here are seven books from MIT Sloan faculty and…