MSBA Professor Vasant Dhar’s opinion editorial Bright lights, big data: What the market may tell us about a correction was recently featured on CNBC. His commentary examined how “big data based sentiment” may be a valuable addition to market indicators and a crucial component of investment decision making:
“…Professional investors cannot ignore the emergence of a new and critical class of “factor” in their investment models—namely, big data based sentiment, and the growing capability for market participants to extract and measure it reliably.
This new type of factor, which is very different from indices such as the Michigan consumer sentiment index, may well join the ranks of key determinants of investment performance, alongside traditional factors such as value and momentum that have been used for decades on Wall Street.”
To read the entire article on CNBC, click here.
Posted in Big Data, Center for Business Analytics, Op-Ed, Predictive Analytics, stocks
Tagged Big Data, CNBC, data science, market, prediction, sentiment, Vasant Dhar
MSBA Professor Foster Provost’s book Data Science for Business was recently highlighted by Fortune Magazine as one of the top books read by business students today. The reading list, which recommends books MBA professors have on their fall syllabi, features Data Science for Business as a key resource for students at MIT, Insead, and Northwestern.
“There is no other book on practical data science for business applications that simultaneously has as much authority and as much clarity,” says Sinan Aral, a management professor at MIT’s Sloan. “Students cannot stop raving about this book.”
To read the entire book list by Fortune Magazine, please click here.
MSBA Professor Anindya Ghose recently received two best paper awards in top Management Science and Information Systems Research (ISR) journals, a unprecedented achievement to achieve in one year.
First, his 2011 paper “Deriving the Pricing Power of Product Features by Mining Consumer Reviews“ received the Best Paper award of all papers published from 2011 to 2013 in Management Science, awarded by the INFORMS Information Systems Society.
In addition, his paper “An Empirical Examination of the Antecedents and Consequences of Contribution Patterns in Crowd-Funded Markets,” published in Information Systems Research (ISR), received the 2013 Best Paper award.
Congratulations Professor Ghose!
NYU Stern School of Business Dean Peter Blair Henry recently sat down with Book TV to discuss his book Turnaround: Third World Lessons for First World Growth.
In the interview, Dean Henry examines how the United States and other first world countries can become more prosperous by examining the policies of developing countries, with a focus on lessons of discipline, clarity, and trust.
To watch the entire interview on Book TV, click here.
In a recent Wall Street Journal editorial, MSBA Professor Anindya Ghose shared his insight on crowdsourcing and the rise of the on-demand workforce. While both startups and large corporations have embraced crowdsourcing as a way to cultivate new ideas and enhance their businesses, this collaboration also comes with a unique set of challenges:
“It is not always straightforward to reach a consensus based on group decision-making. Hundreds of individuals will have different expectations that can be a challenge to manage all at once. So a task, such as designing a product through group thinking can become ineffective. Startups and entrepreneurs need to be careful about when in the product development life cycle they decide to reach out for inputs from the crowds. In some situations idea refinement and feedback is very useful in the early stages of the lifecycle, when reworking ideas is cheaper. But in many situations when there is a credible threat of intellectual property contamination by releasing an idea too early it is better to crowdsource after you have a product, not before. This can minimize susceptibility to plagiarism.”
To read the entire article, click here.
In the 2014 Financial Times ranking of Executive MBA programs, NYU Stern’s global TRIUM program was rated #1 of over 100 international EMBAs.
TRIUM, which NYU Stern heads in conjunction with HEC Paris and the London School of Economics, jumped ahead of both the Kellogg School of Management and Hong Kong University of Science and Technology, which held the top ranking for the last five years.
According to the Financial Times,
“Trium is ranked first for the work experience of its alumni before the programme, second for aims achieved and third for international course experience.
Trium’s alumni value studying alongside senior and international classmates. ‘It allowed us to exchange [ideas] among ourselves and derive as much additional knowledge as [we gained] from the course itself,’ says one.”
To see the other EMBA rankings and read the entire article, click here.
To learn more about TRIUM, click here.