BOSTON—The Massachusetts Institute of Technology, Gov. Deval Patrick and industry officials announced Wednesday that they will be tackling big data research in an effort to add jobs and increase innovation in the state.
MIT President Susan Hockfield joined Patrick,
Chief among the initiatives is MIT's new big data research center, known as bigdata(at)CSAIL, which will be run out of the school's Computer Science and Artificial Intelligence Laboratory. The center will focus on data collections
For those of you who haven’t read the Lean Startup by Eric Ries, the basic concept behind it is that we have been going about the startup process all wrong. Instead of writing long business plans, raising early funding, and building initial prototypes over the course of a year, we need to foster startups that constantly learn and iterate around a minimal viable product. By constantly tweaking, or occasionally pivoting the product, service, and business model in response to early customer feedback, startups can improve their likelihood of success or at least fail faster and cheaper.
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