Ebook Reinventing Capitalism in the Age of Big Data

Ebook Reinventing Capitalism in the Age of Big Data

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Reinventing Capitalism in the Age of Big Data

Ebook Reinventing Capitalism in the Age of Big Data

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Product details

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Audible Audiobook

Listening Length: 7 hours and 56 minutes

Program Type: Audiobook

Version: Unabridged

Publisher: Basic Books

Audible.com Release Date: March 8, 2018

Whispersync for Voice: Ready

Language: English, English

ASIN: B07B9MZ1DB

Amazon Best Sellers Rank:

I always wondered what was behind the hype of the sharing economy, online platforms, the end of money, and all the many other buzzwords that people use today. Much what I have read so far, whether at Wired, HBR, or elsewhere or online, has left me wanting to see the full picture and not simply a small part of it. After reading "Reinventing Capitalism" I finally get it. The authors really connect the dots and make sense of the data revolution that's changing our economy.I also like that they start with how the market depends on information and the ability of players in the market to act on the information. I never had thought about the market as an informational "mechanism for human coordination" - and I love the stories and cases they use to make their point, from the human pyramids in Spain, and the fishers in Kerala, all the way to AI winning at poker and data-rich markets finding us a suitable mate. Seeing the economy that way made it quite obvious to me why we should be concerned about a new form of concentration in our economy that rests on data which in turn drives decision assistants.It's an eye-opener of a book, and very, very much worth the read!

It’s hard to see the picture when you are inside the frame, the authors quote famed VC Eugene Kleiner. And they are right. We are amidst the revolution of the digital and all our individual and social interactions are being re-defined by its irresistible force. Their book looks at that bigger picture to draw a comprehensible map of where we are and where we could/should go.Providing a compass for our socio-economic (and therefore political) future requires perspective. Both authors (an Oxford professor and a top business and tech journalist) put to the task the full range of their professional and academic expertise. Keeping me engaged through anecdotes and plain language, I was flying through the book. But it isn’t fluff. Every step they're following and each new idea they are conveying is founded on evidence and arguments. That's what I found astounding: What might look speculative or even far-fetched at first, is in fact based on sound observation and research. You'll find a vast number of references in case you want to dig deeper (the bibliography alone is worth a closer look). Another source of deep information (which you'll start to love while reading) are the views of leading digerati and thinker of the data economy. Condensed first-hand accounts put weight to the analysis of data driven dynamics of our business world and future markets. And there's the rub: Although digital tools are increasingly part of the realms of business and finance, economical concepts and financial practices have remained widely traditional. But the application of data analysis and data-driven business models will re-shape markets and financial transactions fundamentally.The authors offer plenty reasons for an emancipation of small enterprises and new, alternative business ideas. And why present stakeholders should fear loss of predominance and influence. The way of doing business in the near future will be dramatically different from today: fewer intermediaries, many, many more diverse markets, digital currencies and services for your digital self. But these hints of what is to come do not obfuscate the darker side of us being all digital. Mayer-Schonberger’s past (data economy and digital forgetting) is palpable as troubling images of possible political perils are discussed, and the need for the individual and society to be afforded protection in a future where data is turning into raw material and market grease.A perfect read for just anyone who wants to shape his/her future (and not just wait for it).Btw, as it's related to a quite similar technological and social paradigm shift I'm reminded of a remark by science theorist Thomas Kuhn: “What chemists took from Dalton was not new experimental laws but a new way of practicing chemistry (he himself called it the “new system of chemical philosophy”), and this proved so rapidly fruitful that only a few of the older chemists in France and Britain were able to resist it.”— Thomas S. Kuhn, The Structure of Scientific Revolutions (1962)

Despite a potentially influential thesis in which one senses a kernel of insight, this book (particularly the second half, when I might have expected an increasingly coherent or specific analysis and some thought-provoking conclusions) meanders around the periphery of its central idea, but never really conveys a convincing clarity about the details of the proposed shift from capital-based to data-rich enterprises in the global economy.There's a lot of repetition, vague and general albeit lofty theorizing, outright fluff, and speculation about economic interventions that might enable this transition, but would never fly in the realm of real-world politics. This book lacks any real journalistic structure or substance. A capable editor should have sent them back to the drawing board.I would have expected them to go much further in analyzing supporting evidence regarding future human resource impacts, real ramifications for banking sectors, merchandise and advertising, or especially software development. Instead, they touch briefly on these and other areas but rarely focus and never go in-depth, the result being a cursory and scattered reading experience.As sophisticated as the writers seem to be in their thinking, I would expect a more substantive trajectory in the second half of the book in the form of at least one in-depth case study, either real or theoretical, to explain what they really expect to unfold.Instead, it's a flat repetitive experience of reiterating and talking around their thesis but it seems like they are so enamored of their basic premise that they never really get around to demonstrating its full potential through developing more in-depth theory.By the time I reached the end of this 289-page book, I ended up feeling that it could have been easily condensed into a single magazine article.For example, a recent New Yorker article about the Google lawsuit and vertical search was only a dozen pages, but carried more weight because it went into much more technical detail about a specific case. For the second half of this book, I would expect each chapter to have that level of consideration to a specific sub-topic.To support the thesis put forth in this book, I think they need to provide much more in the way of a Harvard Business Review-level case study, show more respect to the reader by treating their sophisticated premise in a more complete manner, and structure a book with a trajectory of increasing substance rather than one that dawdles to the end.It almost feels like they rushed it to publication to take advantage of a hot-button topic rather than taking the time to build a convincing and durable piece of work. Did they feel the need to dumb it down for a broad audience? Or can they just not support and develop a convincing, coherent theory, so trying to cover their bases by keeping it vague?The beginnings of an intriguing foundation are there; I would fault the editors and publisher for bringing a half-cooked book like this to publication instead of sending them back to the source material to develop a meaningful and complete treatment of this potentially important subject matter.

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Reinventing Capitalism in the Age of Big Data PDF

Reinventing Capitalism in the Age of Big Data PDF

Reinventing Capitalism in the Age of Big Data PDF