[2] Wood was a Phi Beta Kappa and a member of the New York Academy of Sciences, the American Psychological Association, and the American Association for the Advancement of Science.

[2] In 1928, he met IBM's leader Thomas J. Watson and joined the company as a consultant; IBM helped Wood to fund the Columbia Statistical Bureau and provided equipment.

This success led to further academic projects, including the Harvard Mark I, and Columbia invited Watson to join their board of trustees in 1933.

[3][4] In academics, he was a curator of Stephens College, and the chair or director of 20 national education committees.

[2] He was a director of Eastman's teaching film experiment, the American Council of Education test service, and the Commonwealth Fund for research on measurement of achievement in college courses.