Reinventing Capitalism in the Age of Big Data
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Krátky popis
Markets have long been acknowledged to be a superior mechanism for
managing resources but until the advent of big data, they largely
functioned better in theory than in practice. Now, as ideal markets
are within reach because of vastly greater access to information,
we are on the verge of a major disruption. As data becomes a more
valuable asset than cash, the rules for surviving and thriving are
changing.Reinventing Capitalism is a provocative look at how data
is reinventing markets and, in so doing, is ushering in an era
where the firm is no longer predominant. With richer and more
comprehensive information about human wants and needs, an economy
powered by data offers the possibility of increased abundance,
equality, and resilience. The data-driven markets that will thrive
in this environment are far better than firms at organizing human
endeavors, meaning that finance driven capitalism is being
displaced by its more efficient, more sustainable, and more
democratic disruptor: data capitalism.
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