billion industry by 2021, but its solutions are only as good as the data behind it. Vincent Tsui for HBR. Business intelligence is projected to grow to a nearly $26.9 IBM determined that inaccurate data took a $3.1 trillion bite out of the U.S. economy in 2016. That’s why decision makers require spot-on data and efficient, streamlined systems to maintain it. MORE

Target CEO Brian Cornell decided to close the stores after determining that they would not become profitable until at least 2021. It was a brief stint for Target in Canada. Less than two years after opening there, Target announced last week that it would close its 133 Canadian stores. MORE

” Watch out Corporate America in 2021. Recently, while looking for a document on an archive drive, I stumbled across an unfinished draft from 2001. It features a “23-month-old son,” who today is almost 17. Ahhhh, the lessons we learn from little ones… “Wha’zat? MORE

The numbers showed that Target Canada wouldn’t be profitable until 2021. The best leaders know how to keep moving forward in ambiguous situations. Whether it’s a shifting industry or a PR emergency, they’re expected to make decisions even in extremely uncertain circumstances. MORE

The Centers for Medicare and Medicaid Services predicts that without major change, it will account for more than 20% of GDP by 2021, up from 5.2% Vaccines. Anesthesia. Penicillin. Bypass surgery. Decoding the human genome. Unquestionably, all are life-saving medical breakthroughs. MORE

A carbon tax starting at $20 per metric and rising at 6% a year could raise $154 billion by 2021, according to HSBC analyst Nick Robins. President Obama has some unfinished business to attend to, and taking care of it will require help and support from corporate leaders across the country. MORE

Worldwide spending on cybersecurity products and services is predicted to eclipse $1 trillion for the five-year period from 2017 to 2021. MORE

trillion by 2021, the President got no love from Congress. Guest post by Lena Rizkallah (learn more about Lena at the end of this post). Valentine’s Day was two weeks ago. It was also the day that President Obama released his 2012 Budget, but despite all the proposed tax and spending cuts that would reduce the deficit by $1.1 MORE

Global e-commerce sales exceeded $2 trillion in 2017, and are on pace to more than double by 2021. Caroline Stirling/Getty Images. Sally’s finger hovered over the “Purchase” button. After hours of online sleuthing, she was pretty sure the green chair would complete her living room. MORE

By 2021, worldwide cybercrime damage is expected to reach $6 trillion— double what it cost businesses in 2015∗ Of course, companies cannot protect what they cannot manage. To combat cybersecurity threats, companies are spending millions of dollars in malware protection, firewall solutions, and security consulting. Yet even with these expensive measures, most are unaware of their greatest vulnerabilities. MORE

Global Talent 2021 Study Oxford Economics and Towers-Watson, 2012. Global Talent 2021 Study Oxford Economics and Towers-Watson, 2012. The 2015 Deloitte Millennial Survey , Deloitte, January, 2015. 2015 CEO Challenge Conference Board Report , The Conference Board, 2015. MORE

Note that the table implicitly projects limited investment and a slow start to the new growth initiatives, with no new revenues in 2017, modest new revenues in 2018, and significant new revenues really only beginning in 2020 and 2021. Many executives are fond of promising to deliver growth, but far fewer realize those ambitions. This is because many fundamentally mismanage the growth gap, which is the difference between their growth goals and what their base businesses can deliver. MORE

billion by 2021. Multi-bits/Getty Images. Mobile phones have become the new prey of choice for hackers and other nefarious individuals. Once compromised, our phones offer easy access to our personal and financial information, giving hackers the ability to sell that information on the dark web and to ransom our information. But despite the growing threats to our smartphones, most people — even most corporate executives — still don’t take basic security precautions. MORE

Unless repealed or replaced, sequestration requires $109 billion annually in new federal cuts each year through fiscal year 2021. Between October 1 and 17, the federal government ceased all nonessential operations because of a partisan stalemate over Obamacare. Although it is premature to declare this the greatest example of misgovernance in modern U.S. Congressional history, this impasse ranks highly. MORE

trillion by 2021. CSA Images/Printstock Collection/Getty Images. Does a robot manage your money? For many of us, the answer is yes. Online and algorithmic investment and financial advice is easy to come by these days, usually under the moniker of “robo-advisor.” MORE

A few Facebook data scientists had great fun by posting their analyses showing that Princeton University would run out of students by 2021 and that the Earth would run out of air by 2060. MORE

Similar intelligence will be critical to curb the impact of potential smart device shocks as artificial intelligence evolves and the number of connected IoT (Internet of Things) devices, sensors and actuators reaches over 46 billion in 2021, according to Juniper Research. Jose A. Bernat Bacete/Getty Images. The risks posed by intelligent devices will soon surpass the magnitude of those associated with natural disasters. MORE

Guest post by Bill Jensen The next five years are likely to be the most crucial in your entire career. If I’m not careful in how I pose the question, when I ask leaders about their legacy, I might get … Continue reading → Innovation Leadership Learning future leaders legacy passions priorities progress strategy transformative disruption Uber MORE