Prof. Arun Sundararajan Weighs in on Portland’s Bid to Block Uber

ArunBloombergIn a recent interview on Bloomberg TV, MSBA professor Arun Sundararajan discussed Portland’s recent move to file a lawsuit against Uber and stop the ride-sharing application’s operations in the city. While the city is suing Uber for violating municipal codes (which ensure that taxi vehicles carry insurance and are equipped with security and fare meters), Uber believes that these regulations do not apply to its business.

In the interview, however, Professor Sundararajan explained why sharing economy platforms like Uber need regulations:

The regulations that we have today for hotels, for taxis… they were built for an old sharing economy in which we hail yellow cabs, in which we call black car services, we stay at hotels… So now we’ve got the digital platforms. We’ve got someone who’s sort of sitting in between the person who’s providing you with the service and the person who’s demanding the service. And so I think we should give that entity some of the responsibility that we used to call on the government for.

To watch the entire interview on Bloomberg TV, click here.

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Prof. Arun Sundararajan Compares Airbnb and Uber on Harvard Business Review

In a recent opinion editorial on the Harvard Business Review, MSBA Professor Arun Sundararajan compared the cultures of the sharing economy platforms Airbnb and Uber. While both companies have developed a “platform culture” to consistently deliver their branded services, Airbnb and Uber greatly differ in the way they facilitate and engage their provider communities:

Airbnb appears to have taken the approach of investing significantly in creating community and a feeling of partnership, and of disseminating best practices.  Along with the community-building exercises, its recently concluded host convention featured a number of sessions on how to be a better provider….

In contrast, Uber unfailingly appears to place distance between the platform and its providers. Pricing changes are implemented centrally and announced unilaterally, with no visible provider consultation. Community building is not a priority.

To learn more about the differences between Uber and Airbnb, and how platform culture is crucial for success, please click here.

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Prof. Anindya Ghose Examines Crowdfunding on Ideas Never Sleep

aghose insIn a recent interview with Ideas Never Sleep, MSBA Professor Anindya Ghose examined the basics of crowdfunding through a series of quickfire questions. In the video interview, titled “An Introduction to Crowdfunding,” Professor Ghose explained the recent growth, the different types, and the future of crowdfunding:

I think crowdfunding is here to stay…what’s important for both parties- investors and entrepreneurs- is to figure out what the pros and cons are of going through this route are. Once the SEC puts in place the right set of rules and legislation to enable a seamless transaction beyond what’s happening today, it’s only going to make things better. 

To watch the interview on Ideas Never Sleep, click here.

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MSBA Prof. Foster Provost Speaks at Strata + Hadoop Conference

fprovostOn November 21st, MSBA Professor Foster Provost led a talk on big data decision making, titled Understanding Decisions Driven by Big Data: From Analytics Management to Privacy-friendly Cloaking Devices.

The talk was given at Strata + Hadoop World in Barcelona, Spain,  a conference that brings together some of the world’s most influential business decision makers and analysts to discuss the future of big data and business technologies.

In his talk, Professor Provost illustrated why various stakeholders should understand why business decisions are made, and what techniques we can use to understand decisions made based on the massive signals in big data.

To watch Professor Provost’s keynote at the Strata + Hadoop Conference, please click here.

To learn more about his talk, click here.

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Prof. Arun Sundararajan Featured on The New York Times

Illustration by Kelsey Dake on The New York Times

Illustration by Kelsey Dake on The New York Times

In a recent article by The New York Times, MSBA professor Arun Sundararajan shared his insight on the sharing economy. The article, titled “The Business Tycoons of Airbnb,” examined how professional entrepreneurs have the power to outperform average consumers on platforms in the sharing economy.

“There’s a certain amount of liquidity that these large sellers inject into a marketplace that can be very helpful for the marketplace to grow rapidly,’’ Arun Sundararajan, a professor at New York University’s Stern School of Business who studies the sharing economy, told me. The competition should also help drive down costs, which helps consumers.

But these marketplaces, he added, must ‘’balance the short-term accelerating their growth while also maintaining the quality, and in some sense staying true to what their consumers are looking for’’ — which might be freedom from big banks, or the stultifying sterility of budget hotels.

To read the entire article on The New York Times, click here.

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Prof. Arun Sundararajan featured in Entrepreneur Magazine

asundaraIn a recent article in Entrepreneur Magazine, MSBA Professor Arun Sundararajan shared his thoughts on what is next for the sharing economy. With platforms such as Uber and Airbnb changing the way industries approach supply and demand, Professor Sundararajan argues that a diversification of new companies will enable consumers to leverage more peer-to-peer opportunities in the sharing economy:

In particular, the niche is primed for a number of service companies to make entry into the sharing economy easier than ever before, according to Arun Sundararajan, a professor at New York University’s Stern School of Business.

“The next wave of opportunities in businesses will be companies that look at how we support development of the sharing economy,” says Sundararajan, who specializes in the digital economy and the economics of sharing (among other subjects). “This means companies that make it easier for everyone to play a part, companies that really bring peer-to-peer into everyone’s life.”

To read the entire article in Entrepreneur Magazine, click here.

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Op-Ed by Prof. Vasant Dhar Featured on CNBC

vdharMSBA 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.

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Prof. Foster Provost’s Book Highlighted by Fortune Magazine

Foster Provost BookMSBA 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.

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Research Highlight: Professor Ghose Receives Two Best Paper Awards

Congrats Prof. GhoseMSBA 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!

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Prof. Arun Sundararajan Examines Uber’s Expansion into India

UberIn a recent article in The Economic Times, MSBA Professor Arun Sundararajan discussed Uber’s recent plans to invest $400 million in business development in India. The proposed funding would be used to strengthen its presence in the Indian taxi market, which is currently worth around $9 billion but only 4 – 6% organized.

“The density footprint in Delhi or Bangalore is not even comparable to its fleet in say New York city. There is plenty of room for Uber to expand,” said Arun Sundararajan, a professor at the Stern School of Business in New York whose research is focused on digital economics.

“In India there is a rapidly growing middle class and a lack of good infrastructure, so it makes a lot of sense for a company like Uber to take the market seriously.” 

To read the entire article on The Economic Times, please click here.

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