Anuraag is Co-founder and Chief Technology Officer of TechNext Inc. During his graduate studies at MIT, Anuraag was a Fellow, at the MIT System Design and Management program. He also held concurrent research assistantships with the MIT Work of the Future Task Force and the MIT International Design Center. $2.2Tn/yr are spent on R&D and this is likely to increase substantially to address global challenges like climate change. R&D spending is the most important, largest and fastest-growing expense for corporations, governments agencies, universities and research laboratories. Worryingly, evidence suggests that R&D productivity is declining over time. Predicting how quickly a technology will improve was impossible for new emerging technologies and took months of data collection and manual analysis for old ones. This costs organization, Billions of dollars per year, squandering human and financial resources on dead-ends. TechNext breaks this wall and enables better decision-making through real-time probabilistic forecasts. TechNext’s core scientific breakthrough is to probabilistically predict the future improvement rate of any technology using machine learning and and patent network analytics building on one of the largest databases of empirical technology performance. This approach is the first to instantly search and predict the rates for more than a 150,000 technologies- from candles to quantum computers. TechNext is executing contracts worth more than $900,000 with the United States Air Force, VCs and Think-tanks to help identify promising technologies, talent and startups, anticipate disruptions and improve R&D efficiency. We seek to become a universal technology operating system for all organizations, shaping how they comprehend, manage, create and use technology.
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Breaking the Wall to Transforming Science and Technology through Quantitative Forecasting.
Transforming Science, RD and technology management through quantitative forecasting
Anuraag Singh
Anuraag is a Co-founder and the Chief Technology Officer of TechNext Inc. During his graduate studies at MIT, Anuraag was a Fellow, at the MIT System Design and Management program. He also held concurrent research assistantships with the MIT Work of the Future Task Force and the MIT International Design Center. As part of the Design & Invention Group at MIT’s International Design Center, he conducted research on quantifying technology progress rates using patent system network analysis as well as understanding the structure of technology. Prior to joining MIT, he worked for Honda R&D Japan in Tokyo at Think Lab where his team reported directly to the Honda R&D top management and was tasked with ensuring Honda’s long-term sustainability by helping originate new ideas, products and services. The team was responsible for creating innovation strategy for the Honda R&D organization.