• MIT Sloan Latin America Office

    In 2013, MIT Sloan established its first physical presence outside the United States in Santiago, Chile. The mission of the MIT Sloan Latin America Office (MSLAO) is to develop and nurture meaningful activities throughout Latin America that benefit the region, the School, and the Institute, and support the creation and transfer of knowledge and the advancement of management education and practice. 

    From its location in the heart of Santiago’s thriving business district, the MSLAO is ideally positioned to promote MIT Sloan programs to potential students and facilitate enhanced research and corporate outreach in the area. It supports activities focused on energy and sustainability, innovation and entrepreneurship, and productivity and growth. It also serves as a regional hub for MIT faculty, alumni, and visiting students. 

    For more information, please contact MSLAO director Lee Ullmann.

  • Leading and Learning
  • The myriad of MSLAO initiatives to date has had a significant impact on the School's goals of knowledge creation, regional awareness, and action learning.

    • Facilitate Knowledge Creation: By supporting more research, teaching, and knowledge-sharing opportunities between MIT Sloan faculty and academic institutions in Latin America, the MSLAO is helping to expand the School's reputation as a leader in international management.
    • Increase Regional Awareness: Through its physical presence in Latin America, the MSLAO is creating valuable connections with area alumni and establishing avenues for potential partnerships between MIT Sloan and local businesses. 
    • Assist Admissions: The MSLAO is augmenting the School's admissions goals by connecting the School to qualified Latin American candidates and making these candidates aware of MIT Sloan's diverse portfolio of degree programs. 
    • Enhance Action Learning: By leveraging connections with corporations and alumni in the Latin America region, the MSLAO is expanding the depth and breadth of MIT Sloan's signature action learning programs.
    • Strengthen the Alumni Network: The MSLAO is increasing the connection between MIT Sloan alumni and the School through its involvement with local alumni clubs, co-sponsoring club events, and leveraging local faculty visits to engage and motivate local alumni.
  • Advisory Council
  • News
  • The new revolution of big data analysis

    Portafolio Global CNN
    September 13, 2016

    The new "gold mine" for companies, governments and companies in Latin not necessarily in oil, soy or copper, but in data analysis.

    In this CNN interview, Lee Ullmann, director of the MIT Sloan Latin America Office, discusses the Big
    Data revolution in the region: https://www.youtube.com/watch?v=YvVblsKo1aM&feature=youtu.be  


    MIT Sloan Experts
    May 2, 2016

    Big data is a popular buzz word these days. Companies are told they should harness the vast amount of data produced globally and it will lead to greater profitability and productivity. By using big data, they can reap benefits like producing better products and customization options. That’s all well and good, but it’s contingent on managers understanding how to use and analyze the data. How many can really do that across all industries?

    A McKinsey Quarterly report in 2015 found that very few legacy companies have achieved “big impact” through big data. In the study, participants were asked what degree of revenue or cost improvement they had seen through use of big data. The answer was less than 1 percent for the majority of the respondents.

    A big problem with big data is that, although everyone talks about it, most people don’t really know what to do to ensure that investing in it is a win-win proposition. To shed light on this issue, MIT Sloan is bringing its deep expertise to a May 26 conference in Bogotá, Colombia called, “Big Data: Shaping the Future of Latin America.” The presenters include faculty from across the MIT campus as well as the Department of National Planning in Colombia. With examples from their own research, they will share new and innovative ways to use big data to achieve specific goals.

    For instance, MIT Sloan Prof. Roberto Rigoban, the faculty chair of the conference, will discuss how big data can be used for economic measurement, highlighting the work of the MIT Billion Prices Project (BPP). The BPP uses prices collected from hundreds of online retailers around the world on a daily basis to conduct economic research. That information can be used to predict inflation as well as measure countries’ relative sustainability, construct daily price indexes in multiple countries, and avoid measurement biases that distort evidence of price stickiness and international relative prices. The ability to predict inflation is of particular interest in Colombia where a pending question is if – and how much – the central bank will increase the interest rate to account for inflation expectations.

    Participants interested in tackling urban mobility challenges will want to take note of MIT Engineering Prof. Marta González’s talk. She will show how a novel individual mobility modeling framework, TimeGeo, infers travel demand profiles and estimates travel times across five different cities. According to her framework, the percentage of time lost in congestion is a function of the proportion of vehicular travel demand to road infrastructure capacity, and is closely tied to spatial density and choices of drivers. Her talk will include a discussion about the feasibility of smart routing applications. Her modeling framework could be of tremendous help in Bogotá, where car traffic has doubled in the last 10 years. According to Colombia Reports, cars have increased from half a million in 2002 to 1.25 million in 2012, with average commuting time clocked at 72 minutes in 2012.

    On the social physics side, MIT Sloan Prof. Alex (Sandy) Pentland, who is director of MIT’s Human Dynamics Laboratory and the MIT Media Lab Entrepreneurship Program and co-leads the World Economic Forum Big Data and Personal Data initiatives, will address how it’s sometimes more helpful to look at the relationships between people than to analyze people as individuals. With research examples, he will show how data from those relationships can be used to improve company productivity, increase marketing return, and improve the effectiveness of government policies. He also will discuss the privacy and security ramifications of big data analysis and how to handle big data ethically.

    Looking at finance issues, MIT Sloan Prof. Andrew Lo will examine how recent technological advances in computing, data storage and handling, and trading have revolutionized the financial industry, increasing liquidity, lowering costs, and creating many new opportunities. At the same time, he says that those innovations have launched a growing technological “arms race,” which produces winners and losers. Examples include high frequency traders vs. slow moving investors, quantitative algorithms vs. fundamental analysts, and robo-advisors vs. human advisors. In his talk, Prof. Lo will describe how big data is transforming investing from a business decision into a computational problem, and the pros and cons of this new environment.

    For participants interested in learning how to partner with universities to use big data, Elizabeth Bruce, executive director of the MIT Institute for Data, Systems, and Society will discuss what it takes for those relationships to be successful. She also will discuss how big data allows us to discover new patterns, and how these patterns can be applied to make better predictions and better decisions across all fields from healthcare to smart cities to energy.

    Other speakers at the conference include David Capodilupo, executive director of the MIT Sloan Office of International Programs, and Simón Gaviria, general director of the Colombia Department of National Planning.

    Latin America is currently experiencing a perfect storm with volatility in the global economy and low prices of natural resources like gas and copper. Some local currencies have been devalued more than one-third and many countries are facing high unemployment rates. This is the time to come together and discuss cutting-edge ideas and learn how big data can make a real difference for businesses and governments.

    Lee Ullmann is the director of the MIT Sloan Latin America Office, which is organizing the Bogotá conference.


    MIT Sloan Newsroom
    April 20, 2016

    CAMBRIDGE, Mass., April 20, 2016 – The vast amount of data produced globally holds significant value, granting access to deeper information than ever before across all industries. Investing in tools and talent to harness this data creates a catalyst for greater productivity and profitability. To learn how cutting-edge ideas can change the way information is used for the betterment of the world, MIT’s Sloan School of Management is hosting a regional conference in Bogotá, Colombia on May 26 called, “Big Data: Shaping the Future of Latin America.”

    MIT Sloan Prof. Roberto Rigobon, faculty chair of the conference, says, “Data analytics is the new source of comparative advantage. To tap into it, companies need to develop skills and managerial practices that put data at the forefront of decision making. This conference provides an opportunity to learn more about the value of big data and work together to forge our shared knowledge and connections to create sustainable and profitable initiatives that serve Latin America.” 

    MIT Sloan Prof. Alex (Sandy) Pentland, who directs MIT’s Human Dynamics Laboratory and the MIT Media Lab Entrepreneurship Program and co-leads the World Economic Forum Big Data and Personal Data initiatives, notes, “MIT has strong expertise in big data across a diversity of areas from MIT Sloan and the MIT Media Lab to Engineering and Artificial Intelligence. The conference will address major questions that Latin American countries currently face, such as how big data can help improve transportation and its impact on the economy.” 

    Lee Ullmann, director of the MIT Sloan Latin America Office, adds, “We selected Colombia as the location for this conference, as it is a leader in Latin America in innovation and technology and has a strong interest in big data. MIT brings great expertise to this area and is well positioned to collaborate with industry and government leaders in the region on new ideas, challenges, and opportunities.”

    The event is a collaboration with Avanxo and is being held at the JW Marriott Hotel Bogotá. It will bring together leading experts in business and government for an interactive exploration of what big data is, how it can inform decisions, and its practical application within Latin America. Sessions will focus on social physics, urban mobility challenges, investor concerns, industry-university intersections, and economic measurement.

    In addition to Rigobon and Pentland, speakers include:

    - Elizabeth Bruce, Executive Director of the MIT Institute for Data, Systems, and Society
    - David Capodilupo, Executive Director of the MIT Sloan Office of International Programs
    - Simón Gaviria, General Director of the Department of National Planning, Colombia
    - Marta González, MIT Professor of Civil and Environmental Engineering
    - Andrew Lo, MIT Sloan Professor of Finance

    Members of the media are invited to attend the event. For more information on the conference or to register, please visit: http://mit-bigdatalatam.com.

    The conference is part of MIT Sloan’s commitment to supporting the advancement of management education and practice in Latin America. Through the MIT Sloan Latin American Office (MSLAO), the School develops and nurtures meaningful activities throughout the region, such as faculty and student visits, admissions recruiting events, and conferences. Prior forums have focused on topics including Action Learning and China’s growth and social impact, technology innovation, entrepreneurship, and energy.

  • Can socially conscious investing save the world’s fisheries? 

    MIT Sloan Newsroom
    January 4, 2016

    MBA student and Chilean native Javier Fuentes is helping design detailed blueprints to address fisheries management. Fuentes interned at New York-based investment management firm Encourage Capital last summer where he studied fisheries in Chile and helped write “Investing for Sustainable Global Fisheries.” The blueprints propose strategies for generating financial returns and promoting sustainable fishing practices.

  • Arnoldo Hax Receives Award from the Chilean Institute of Engineers

    Latin America Office Honorary Council Member Arnoldo Hax has received the Ramón Salas Edwards Award from the Chilean Institute of Engineers for his book The Delta Model. The award is given once every three years for the most outstanding scientific or technological research contribution related to the engineering field. The award will be presented on October 29th, 2015 in Santiago Chile. We congratulate Arnoldo on this achievement.

  • Talent Management for 21st Century Presentation - Emilio Castilla with Audience Talent Management for 21st Century Presentation - Emilio Castilla Talent Management for 21st Century Presentation - Lee Ullmann Latin America Office Lee Ullmann and Prof. Alex Slocum Prof. Alex Slocum Presentation MIT Gang 2015 Group MIT Gang 2015 Panel MIT Gang 2015 Lee Ullmann MIT Gang 2015 Piero Solari Lee Ullmann at Universidad de Chile Lee Ullmann at Universidad de Chile 2 Future of Energy Conference August 2015 MIT Sloan Latin America Office Future of Energy Conference August 2015 McLaren Ceremony for the new MIT Sloan Latin America Office Ceremony and dinner reception for the new MIT Sloan Latin America Office Latin America Conference - 1 Latin America Conference - 2 Latin America Conference - 3 Latin America Conference - 4 Latin America Conference - 5