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Data: The New Capital, with Alex Pentland (MIT) | The Digital Economist Speaker Series

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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). In this episode of The Digital Economist Speaker Series, Sandy joins 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.

Timestamps
0:00 Introductions
5:45 We need a new deal on data
14:10 Building community data unions
28:35 How smaller communities build data ecosystems
38:09 You need to have a gold standard for auditing data
40:32 You don't need to have command and control within companies
43:10 We're seeing a move towards a network of platform transactions
49:45 Automatic processes that protect flows of data

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.

The Digital Economist defines a bold vision and investable opportunities for a new human-centered Digital Economy based on sustainability, transparency, decentralization, individual privacy and radical collaboration. The Digital Economist's mission is to drive Technological Convergence together with the Conscious Stewards of the new human-centered Digital Economy.

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