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How much interoperability is enough, or too much, is impossible to know in advance. What is easier to anticipate is the growing need for innovators and customers alike to customise the interoperability they offer and use. For ins tance, this might involve giving people the power to determine whether their cardiac pacemakers should be able to influence their running shoes or allowing the breathalyser in their mobile phone to disable their car’s ignition. Creating cost-effective rules of engagement for customised interoperability will be a fantastic business challenge.

The premium to an MBA is 0.518 log points relative to the base group with no graduate degrees, and substantial labor market returns also exist for law and medical degrees. In contrast, those with PhDs have lower earnings than other comparable Harvard graduates. The most lucrative college major is economics, which has an earnings premium of 0.33 log points and a premium of 0.19 including occupation controls. The highest earnings by occupation are garnered by those in finance, for which the earnings premium relative to all other occupations is an astounding 1.08 log points, or 195 percent.