Massachusetts High Technology Council, Inc.

Massachusetts is a hub for AI talent, with around 26,000 professionals in AI-related roles. Despite being ranked 5th in the U.S. for AI talent supply, our state faces challenges in retaining graduates, with only a 50% retention rate. Dive into the data and discover how Massachusetts can sustain its leadership in AI innovation: https://lnkd.in/e8djGHbb #MassVision2050 #AI #TalentSupply #Workforce #Innovation #Massachusetts

Massachusetts’ significant decline in CNBC’s 2024 Top States for Business Ranking highlights an urgent need for immediate, collective action to maintain and enhance the state's competitiveness. When examining the specifics, the urgency becomes even clearer: 🛠️ Infrastructure: #44 in 2024 (down from #34 in 2023) 👩💼 Workforce: #38 in 2024 (down from #13 in 2023) 💼 Economy: #40 in 2024 (down from #26 in 2023) 🤝 Business Friendliness: #40 in 2024 (down from #19 in 2023) 💰 Cost of Doing Business: #49 in both 2023 and 2024 🔬 Technology & Innovation: #3 in 2024 (down from #1 in 2023)   At the High Tech Council, we are dedicated to reversing these trends through advocacy, collaboration, and strategic initiatives. Learn more about our mission, here: https://lnkd.in/eM5wU8Jp #TopStates #Massachusetts

The latest issue of The High Tech Agenda is now available! In our June 2024 edition, you'll find: ✅ Details about our new whitepaper on the potential impact of artificial intelligence on Massachusetts' healthcare and life sciences sectors, a collaborative effort with Boston Consulting Group (BCG) and an advisory council of industry, hospital, and academic leaders. ✅ Information on updated MassVision2050 data and analyses covering market size, talent requirements, and growth opportunities in eight key sectors vital to Massachusetts' future success, developed with Knowledge Partner McKinsey & Company. ✅ An exciting update about High Tech Council partner STEMatch, which is actively seeking employer partners for its innovative COMPETE program. ✅ Insights from a new MassCPAs report that sheds light on the worrying trend of outmigration from Massachusetts. ✅ And more! Access all the information in the June 2024 High Tech Agenda here: https://lnkd.in/ek9aie5W

Massachusetts is a hub of innovation, with world-class universities, research institutions, and a vibrant startup ecosystem. Yet, a declining business climate and the outmigration of population from Massachusetts to states such as New Hampshire and Florida demonstrate the very real correlation between competitive business climates and strong economies. To stay ahead, Massachusetts must prepare for the future. MassVision2050, initiated in 2022 by the Massachusetts High Technology Council with Knowledge Partner McKinsey & Company, is built on critical data measuring our innovation economy. In partnership with John Chartier and his McKinsey team, we recently released data updates and analyses covering market size, talent needs, and growth prospects across eight key sectors critical to Massachusetts’ success over the next 20-30 years, including AI, cybersecurity, and life sciences. To view and download each Innovation Sector Fact Pack, visit https://lnkd.in/ekFsVzcW. Look forward to key Massachusetts innovation sector highlights we’ll share in the coming weeks! #MassVision2050 #Innovation #Technology #EconomicGrowth #Massachusetts #FutureOfWork #AI #FinTech #Cybersecurity #LifeSciences #Semiconductors #ArtificialIntelligence

Yesterday, senior executives with information security responsibilities convened for the Massachusetts High Technology Council's inaugural #MassVision2050 CIO Cybersecurity Community program focused on "Incident Response Best Practice and Cyber Resilience." Recognizing the critical need to enhance our cybersecurity posture amidst the rising global cybercrime landscape, participants fostered discussions on cyber resilience and ways to combat cyber threats.   Learn more about the benefits to your organization’s access to our CIO Cybersecurity Collaboration Community (CCC) here: https://lnkd.in/eNanD6-h   CIOs, CISO’s, and CTOs, we invite you to reach out to Council President, Chris Anderson, to explore how you can be part of future discussions to share expertise and benefit from your colleagues’ insights and best practices that enhance cybersecurity capabilities.   Thank you Madhuri Andrews - MKS Instruments for leading the discussion and thank you Martin Ingram - PTC for hosting. 

Yesterday, we released our highly anticipated MassVision2050 whitepaper, "Becoming the Global Leader in Applied AI for Healthcare & Life Sciences," during a MassVision2050 discussion with Massachusetts Secretary of Economic Development, Yvonne Hao, Boston Consulting Group (BCG) Managing Director and Senior Partner, Val Panier, and McKinsey & Company Partner John Chartier. Learn more below and download the whitepaper here: https://lnkd.in/g3iQsHiW

The April 2024 High Tech Agenda is here! Explore insights on outmigration trends impacting Massachusetts’ business landscape and delve into the implications of weakening tax revenue trends. Plus, learn about the efforts of the Massachusetts AI Strategic Task Force, which several Council members are engaged in: https://lnkd.in/eWaXjxeX

Massachusetts doom loop? The latest study from Boston University and Pioneer Institute for Public Policy Research highlights the concerning outmigration trend in Massachusetts. It's crucial for state leaders to recognize the urgency—strengthening the diminishing business environment, alleviating high housing costs, ensuring stable healthcare access, and attracting and retaining talent are key for the state’s future prosperity. https://lnkd.in/dGZHG3HQ #Outmigration #Massachusetts #BostonUniversity

In an article examining the regulatory landscape of artificial intelligence in Massachusetts by The Associated Press, Elizabeth Mahoney, Vice President of Policy & Government Affairs at the High Tech Council, emphasizes the importance of clarity in state law regarding #artificialintelligence usage. Citing potential confusion over the application of state and federal rules for AI, she states that "having ground rules is important, and protecting consumers and protecting data is a key component of that.” Read the article to learn more: https://lnkd.in/eTnRWbgW

High Tech Council member Worcester Polytechnic Institute (WPI) has launched the nation's first FinTech Ph.D. program, making it the only university in the U.S. to offer degree programs at all levels in FinTech, including bachelor’s, master’s, and now doctoral degrees. Strategically designed to address both local and global education, innovation, and workforce needs, WPI’s new program aligns with Massachusetts' growing prominence as a #FinTech hub, providing students with a comprehensive, multidisciplinary education that bridges finance, mathematics, computer science, and ethics. We congratulate WPI on this remarkable achievement! To learn more, visit WPI's website: https://lnkd.in/eeD4uJWg