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Conference Details - Agenda

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2019 MIT Innovations in Management Conference

Roadmaps to Success: How to Foster Your Company’s Growth
March 6-7, 2019
 

Day 1: Wednesday, March 6, 2019

8:00

Registration with Light Breakfast

9:00

Opening Remarks

9:15

Radical Innovation: How to Utilize the Inversion Factor
Companies are struggling to keep up with game-changing approaches that are threatening their traditional businesses. The concept of products is under threat. Technologies such as IoT and business trends such as the sharing economy are creating a new design language for crafting solutions to customer needs. For example, Ford might think it is competing with Toyota, but it may actually be competing with Uber or an electric scooter company. Uber is essentially a new offering that leverages the sensors and connectivity of smart phones, the cloud, and gig economy and changing consumer patterns to supplant a product traditionally sold to individuals — the car. We call this Inversion. This talk will address how to think about this new world and compete in it.
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10:00

Going Green is Not Black and White
Professor Sheffi explains why companies are not, in general, making the deep investments in sustainability that are required in order to “move the needle” and why they should not do it. He addresses why consumers are not willing to pay more or sacrifice in the name of environmental sustainability, despite saying so in surveys, and why such behavior may be rational. He also explains how governments contribute to the problem. Professor Sheffi will end with some thoughts and insights about future directions. The presentation and discussion include many examples, and time will be allocated for Q&A and discussion with Professor Sheffi.
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10:45

Networking Break

11:10

Professional Education

11:15

Panel Discussion: Data, Not AI, is the Secret Sauce
Moderator: Michael Schrage
Panelists: Roy Wilsker (Senior Director, IT; Medtronic), Barbara Wixom (Senior Researcher; MIT CISR), Shimir Varia (Global VP, Enterprise Architecture; Anheuser-Busch InBev)

Companies are racing to implement AI to better their businesses; however, most have yet to see results. While your company might have the magic algorithm, there’s a good chance it does not have quality data to yet gain insights. The data most organizations currently have was not gathered or created with machine learning in mind; rather, it was traditionally used for measuring physical and financial assets. But how could these same measures apply in a marketplace where the majority of assets are now intangible? In order for your data (and insights) to have meaning, it must be curated around key knowledge and differentiated from your competitors’ data. When making important decisions, what matters most to your company? How can you capture this knowledge and data to make the best use of it?
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12:15

MIT Startup Exchange: Introduction with Lightning Talks

MIT Startup Exchange actively promotes collaboration and partnerships between MIT-connected startups and industry. Qualified startups are those founded and/or led by MIT faculty, staff, or alumni, or are based on MIT-licensed technology. Industry participants are principally members of MIT’s Industrial Liaison Program (ILP).

MIT Startup Exchange maintains a propriety database of over 1,500 MIT-connected startups with roots across MIT departments, labs and centers; it hosts a robust schedule of startup workshops and showcases, and facilitates networking and introductions between startups and corporate executives.

STEX25 is a startup accelerator within MIT Startup Exchange, featuring 25 “industry ready” startups that have proven to be exceptional with early use cases, clients, demos, or partnerships, and are poised for significant growth. STEX25 startups receive promotion, travel, and advisory support, and are prioritized for meetings with ILP’s 230 member companies.

MIT Startup Exchange and ILP are integrated programs of MIT Corporate Relations.
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Startup Lightning Talks Part I
Data to AI
- Forge.AI: Unstructured text to structured data for machine learning
- Nara Logics: AI for personalization and decision support
- Arundo: Edge data ingest to machine learning for smarter operations
- Abstract Manufacturing: Discover hidden factory with retrofit sensors & video
- Smartvid.io: Reduce project risk on construction jobsites with AI

Startup Lightning Talks Part II
Intelligent Management
- Profit Isle: Analytics & management process for accelerating profits
- Emtropy Labs: AI-powered feedback management
- GeniusMesh: AI-powered platform for executive recruitment & networking
- DeepBench: Technology platform for expertise on demand
- CompanionMX: Proactive mobile monitoring of behavior health
- iQ3Connect: Web-based virtual reality platform for collaboration

12:55

Lunch with Startup Exchange Exhibits

2:00

The Strategic Future of KPIs and Accountability: Utilizing Machine Learning to Optimize Performance
Ongoing performance improvement is essential to sustainable enterprise success. Serious organizations seek increasing returns on their financial, human, and intellectual capital. The concurrent rise of ‘Big Data’ and ‘Machine Learning’ fundamentally changes how leaderships can measure and manage customer value creation.

So how do you want to hold yourself, your key people, key processes, and customers accountable for the future? What do accountability and key performance operationally mean in an era where algorithms are smarter than you are? Increasingly, ML-driven KPIs will lead, guide, and oversee strategic outcomes. Today’s ‘balanced scorecards’ are giving way to 'digital dashboards' that anticipate and predict opportunities, not just synthesize and summarize results. The interplay of Data Governance, Decision Rights, and Predictive KPIs will increasingly determine how organizations deliver profitable growth.
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2:45

Panel Discussion: Corporate-Startup Partnerships: Is There a Formula for Success?
Moderator: Sheri Brodeur
Panelists: Andrew Backs (Cofounder & Chief Innovation Strategist, Pilot44 Labs), Jana Eggers (CEO, Nara Logics), Damon Frost (Chief Information Officer, P&G), Charles Purtell (VP, New Ventures, Danaher), Tor Jakob Ramsøy (CEO & Founder, Arundo)

Hear from panelists from both large corporations and startups to discuss the challenges and successes of engaging with the other and working together. Now more than ever, collaborative innovation is essential for growth and combating (or leading) market disruption. Startups allow large companies to develop and test new technologies with less risk and overhead; meanwhile, corporations offer advantages of a large network, greater resources, brand recognition, and market knowledge and experience for startups. Collaborating should be a win-win scenario; however, best practices and approach may not always be obvious (or easy) when crossing lines.
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3:30

Networking Break

3:55

Sloan Executive Education

4:00

Lessons on Sourcing Innovation in the Digital Era
How do large corporations source their most important innovations? Whether internal through e.g. central R&D or innovation labs, or external through e.g. universities or startups? We interviewed/surveyed more than 350 firms from around the world, and their answers are surprising. For example, Open Innovation, particularly the flashier types, are actually used by fewer companies than one might assume. However, in the past five years there’s greater momentum to seek out and practice Open Innovation, particularly for digital innovations. Even more interesting, we can see which sources are producing the most important innovations for companies, and whether those innovations convert to long-term competitive advantage. What lessons might you draw on innovation for your company?
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4:45

Is Your CTO Obsolete? Findings from the MIT CTO Study
Chief Technology Officers represent an increasingly valuable role in the C-suite, given recent technology-sector IPO frequency and valuations. However, CTOs are an amorphous group : they range from product developers (e.g. Bobby Murphy of Snap) to R&D portfolio managers (e.g. Dr. Greg Hyslop of Boeing) to technology evangelists (e.g. Werner Vogels of Amazon). Some CTOs deliver enormous value for their companies based on their decision-making and their presence, while others fade into the background noise of corporate overhead. In the face of long-term technology trends, how will you know if your CTO is contributing to the value of the firm? We will summarize the initial findings MIT CTO Study, an ongoing project to characterize the role and performance of CTOs.
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5:30

Networking Reception

* All schedule and speakers are subject to change without notice.