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Reinventing Capitalism in the Age of Big Data

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Reinventing Capitalism in the Age of Big Data

By: Viktor Mayer-Schonberger, Thomas Ramge
Narrated by: John Chancer
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About this listen

 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. Capitalism Management Socialism Employment

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Critic reviews

Ideas on how best to organise a data economy are far and few between. This book offers plenty of food for thought
This landmark book . . . should challenge and inspire every corporate strategist and public policy maker
Anyone interested in the future of business should read this fascinating book . . . Reinventing Capitalism makes a compelling case that it will change the nature of the market itself. With brilliant insights, it explains how the shift from simple price signalling to data-rich preference matching will determine the winners and losers of the 21st century economy, and thoughtfully outlines steps to curb the excesses of this new environment
Praise for Big Data:
An optimistic and practical look at the big data revolution - just the thing to get your head around the big changes already underway and the bigger changes to come
Teems with great insights on the new ways of harnessing information, and offers a convincing vision of the future. It is essential reading for anyone who uses - or is affected by - big data
An excellent primer
Fascinating
All stars
Most relevant
reflective and foward looking. the question now is how many still think the world should be flat!

mind opening

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