The world is counting on innovation to meet humanity’s severest challenges. And free enterprise is answering the call. The venture capital database CB Insights reported that in 2013, venture capitalists invested $350 million in food projects.
The good old UPC barcode has been around for nearly a half century, but savvy consumers are pushing hard for advancements in the way we track supply chains and deliver product information. The ubiquity of web-connected mobile devices with high-quality cameras enables mobile app developers to leverage the barcode in fresh ways. They can now provide consumers with digital food transparency, creating profound effects on the food industry.
The increased use of IT in manufacturing and other physical industries can supercharge productivity and the economy.
The growth of the information economy and the use of data should encourage regulators to develop privacy rules based on empirical evidence, rather than anecdotes and worst-case scenarios.
It’s time we peeled back the curtain on the forces shaping the global landscape. Drawing on a wealth of data gathered by experts, we can draw from the charts presented here key lessons for plotting America’s role in this new order.
Four students from the Robert H. Smith School of Business emerge from 34 contestants representing 12 MBA programs.