Data: The New Capital, with Alex Pentland (MIT)

The Digital Economist Podcast

Alex Paul "Sandy" Pentland referred by Forbes in 2012 as one of the “seven most powerful data scientists in the world”, is one of the most-cited authors in computer science, and founding director of the MIT Connection Science Research Initiative, and Toshiba Professor of Media, Arts, and Sciences at Massachusetts Institute of Technology (MIT).

With the global population facing multiple man-made crises that threaten our existence and the wellbeing of the planet, using science and technology to serve human needs is no longer a choice – it's a necessity. Integrating data science into real-world human behavior holds the key to our future. Gather insights into leveraging data for post-crisis resilience: society, economy, work. The Digital Economist has launched the Speaker Series to drive radical collaboration between global action leaders on the most urgent topics and challenges we face today: climate, health, society, economics.

In this episode of The Digital Economist Speaker Series, Sandy joins The Digital Economist's Entrepreneur-in-Residence, Arvinder Singh Kang, and CEO, Navroop Sahdev to share his insights on data as the new capital, privacy, and some groundbreaking insights on how to harness it. They discuss:

• 6:54 - A new deal on data
• 15:19 - Building community data unions
• 29:43 - How smaller communities build data ecosystems
• 39:18 - You need to have a gold standard for auditing data
• 41:42 - You don’t need to have command and control within companies
• 44:19 - Moving towards a network of platform transactions
• 50:55 - Processes that protect flows of data

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