Founder and Chief Executive Officer, Intelius
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.
Naveen Jain is an entrepreneur, philanthropist and a technology pioneer. He is founder of World Innovation Institute, Moon Express, Intelius and InfoSpace. Jain is trustee of the board at X Prize Foundation and Singularity University. He is a member of Pacific Council on International Policy and Explorer Club. Jain has been awarded many honors for his entrepreneurial successes and leadership skills including Ernst & Young Entrepreneur of the Year, the Albert Einstein Technology Medal for pioneers in technology, Top 20 Entrepreneurs and Life Time Achievement Award for Contribution to Technology and Entrepreneurship by Red Herring, Light of India Award for Business Leadership by The Times Group, Most Admired Serial Entrepreneur by Silicon India, and Six People Who Will Change the Internet by Information Week.
Weekly magazine of news and opinion, founded in 1843 and published in London, generally regarded as one of the world's preeminent journals of its kind. It gives thorough and wide-ranging coverage of general news and particularly of international political developments that bear on the world's economy. In accord with the views promoted by its founders and conveyed by legendary Economist editor Walter Bagehot, the publication maintains the position that free markets typically provide the best method of running economies and governments. North America accounts for about half of its total readership.