With petabytes of data being gathered in real time from social networks and corporate systems, the next winners will be those who can effectively mine all the data to improve specific industries like healthcare, banking or advertising. Analyzing large data sets - so called Big Data - will become a key basis of competition, underpinning new waves of productivity growth, innovation, and consumer surplus as long as the right policies and enablers are in place. Research by the McKinsey Global Institute examines the state of digital data and documents the significant value that can potentially be unlocked. Michael will discuss how the scale and scope of companies' access to data is changing the way they do business - and what business leaders and policy makers need to do to make sure they're on top of the trend.
Driving Directions:
Discounted Parking
Chicago Booth has arranged with the AMC Theater-River East Self-Parking Garage for discounted parking at the following:
300 East Illinois Street (AMC Theater-River East Self Park Garage)
$6.00 after 3:00pm
Garage: Self Park Facility
Payment: Automated: at pay-stations by cash or credit card or upon exit pay by credit card only.
To receive discounted rate: Go to card validator at the first floor security desk of the Gleacher Center. The new system for the AMC Theater- River East Self Park Garage is automated: Insert your parking card in the validator and the new price will be automatically applied. You can also validate your parking ticket at any time between your arrival at and departure from the Gleacher Center. When you leave the lot, you will be charged for the lower $6.00 fee.
Detailed Directions to Garage:
Garage is located next to PJ Clarks and below the AMC Theater.
a) When traveling east on Illinois cross over Columbus and enter the Garage on the left (north) side of the street. b) If driving west on Grand (north of Theater), you can enter the garage ½ block before Columbus on the left (south) side of the street.
Program
6:00 PM-6:30 PM: Networking & Cash Bar
6:30 PM-8:00 PM: Presentation
8:00 PM-9:00 PM: Networking & Cash Bar
Speaker Profiles
Michael Chui (Speaker)
Principal, McKinsey Global Institute
http://www.mckinsey.com/insights/mgi/
Michael Chui is based in San Francisco, CA, where he directs research on the impact of information technologies, such as Big Data, social media, and the Internet of Things, on business and the economy. He has served clients in the High Tech, Media and Telecom industries on strategy, innovation and product development, IT, sales & marketing, M&A and organization. Michael is a frequent speaker at major global conferences and his research has been cited in publications such as the Wall Street Journal, New York Times, Financial Times, Fast Company, Forbes, The Economist, The Times of London, WIRED, and Les Échos.
Michael holds a B.S. in Symbolic Systems from Stanford University and earned a Ph.D. in Computer Science and Cognitive Science, and a M.S. in Computer Science, from Indiana University. His Ph.D. dissertation, entitled "I Still Haven't Found What I'm Looking For: Web Searching as Query Refinement," examined Web user search behaviors and the usability of Web search engines.
Prior to joining McKinsey, Michael served as the first Chief Information Officer of the City of Bloomington, Indiana, where he re-architected the enterprise architecture using Open Source technologies and led a project that resulted in Bloomington becoming the first community in the world to offer both live and archived video streaming of public meetings on the Web.
Before that, Michael was founder and executive director of HoosierNet, Inc, a nonprofit cooperative Internet service provider that provided dial-up and broadband access to the Internet to consumers, nonprofits, governments and businesses.
Questions
Tom Webb, '10
Consulting Roundtable Co-Chair
708-646-3510