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Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
We live in strange times. A machine plays the strategy game Go
better than any human; upstarts like Apple and Google destroy
industry stalwarts such as Nokia; ideas from the crowd are
repeatedly more innovative than those from corporate research
laboratories. Andrew McAfee and Erik Brynjolfsson know what it
takes to master this digital-powered shift: we must rethink the
integration of minds and machines, of products and platforms, and
of the core and the crowd. The balance now favours the second
element of the pair, with massive implications for how we run our
companies and live our lives. McAfee and Brynjolfsson deliver a
penetrating analysis of a new world and a toolkit for thriving in
it. For start-ups and established businesses or for anyone
interested in the future, Machine, Platform, Crowd is essential
reading.
We live in strange times. A machine plays the strategy game Go
better than any human; upstarts like Apple and Google destroy
industry stalwarts such as Nokia; ideas from the crowd are
repeatedly more innovative than those from corporate research
laboratories. Andrew McAfee and Erik Brynjolfsson know what it
takes to master this digital-powered shift: we must rethink the
integration of minds and machines, of products and platforms, and
of the core and the crowd. The balance now favours the second
element of the pair, with massive implications for how we run our
companies and live our lives. McAfee and Brynjolfsson deliver a
penetrating analysis of a new world and a toolkit for thriving in
it. For start-ups and established businesses or for anyone
interested in the future, Machine, Platform, Crowd is essential
reading.
In recent years, Google s autonomous cars have logged thousands of
miles on American highways and IBM s Watson trounced the best human
Jeopardy players. Digital technologies with hardware, software, and
networks at their core will in the near future diagnose diseases
more accurately than doctors can, apply enormous data sets to
transform retailing, and accomplish many tasks once considered
uniquely human.
In The Second Machine Age MIT s Erik Brynjolfsson and Andrew
McAfee two thinkers at the forefront of their field reveal the
forces driving the reinvention of our lives and our economy. As the
full impact of digital technologies is felt, we will realize
immense bounty in the form of dazzling personal technology,
advanced infrastructure, and near-boundless access to the cultural
items that enrich our lives.
Amid this bounty will also be wrenching change. Professions of
all kinds from lawyers to truck drivers will be forever upended.
Companies will be forced to transform or die. Recent economic
indicators reflect this shift: fewer people are working, and wages
are falling even as productivity and profits soar.
Drawing on years of research and up-to-the-minute trends,
Brynjolfsson and McAfee identify the best strategies for survival
and offer a new path to prosperity. These include revamping
education so that it prepares people for the next economy instead
of the last one, designing new collaborations that pair brute
processing power with human ingenuity, and embracing policies that
make sense in a radically transformed landscape.
A fundamentally optimistic book, The Second Machine Age will
alter how we think about issues of technological, societal, and
economic progress."
Companies that don't use AI will soon be obsolete. From making
faster, better decisions to automating rote work to enabling robots
to respond to emotions, AI and machine learning are already
reshaping business and society. What should you and your company be
doing today to ensure that you're poised for success and keeping up
with your competitors in the age of AI? Artificial Intelligence:
The Insights You Need from Harvard Business Review brings you
today's most essential thinking on AI and explains how to launch
the right initiatives at your company to capitalize on the
opportunity of the machine intelligence revolution. Business is
changing. Will you adapt or be left behind? Get up to speed and
deepen your understanding of the topics that are shaping your
company's future with the Insights You Need from Harvard Business
Review series. Featuring HBR's smartest thinking on fast-moving
issues--blockchain, cybersecurity, AI, and more--each book provides
the foundational introduction and practical case studies your
organization needs to compete today and collects the best research,
interviews, and analysis to get it ready for tomorrow. You can't
afford to ignore how these issues will transform the landscape of
business and society. The Insights You Need series will help you
grasp these critical ideas--and prepare you and your company for
the future.
In recent years, computers have learned to diagnose diseases, drive
cars, write clean prose and win game shows. Advances like these
have created unprecedented economic bounty but in their wake median
income has stagnated and employment levels have fallen. Erik
Brynjolfsson and Andrew McAfee reveal the technological forces
driving this reinvention of the economy and chart a path towards
future prosperity. Businesses and individuals, they argue, must
learn to race with machines. Drawing on years of research,
Brynjolfsson and McAfee identify the best strategies and policies
for doing so. A fundamentally optimistic book, The Second Machine
Age will radically alter how we think about issues of
technological, societal and economic progress.
From the Sloan Management Review comes a remarkable collection of articles written by highly regarded experts in the field of e-business. This second book in the MIT SMR series is aimed at those seeking to integrate e-business into their enterprises as a way of maintaining -- or establishing -- competitive advantage. Strategies for E-Business Success offers a roadmap of the fundamental principles and tools executives need.
Why has median income stopped rising in the US? Why is the share of
population that is working falling so rapidly? Why are our economy
and society are becoming more unequal? A popular explanation right
now is that the root cause underlying these symptoms is
technological stagnation-- a slowdown in the kinds of ideas and
inventions that bring progress and prosperity. In Race Against the
Machine, MIT's Erik Brynjolfsson and Andrew McAfee present a very
different explanation. Drawing on research by their team at the
Center for Digital Business, they show that there's been no
stagnation in technology -- in fact, the digital revolution is
accelerating. Recent advances are the stuff of science fiction:
computers now drive cars in traffic, translate between human
languages effectively, and beat the best human Jeopardy players. As
these examples show, digital technologies are rapidly encroaching
on skills that used to belong to humans alone. This phenomenon is
both broad and deep, and has profound economic implications. Many
of these implications are positive; digital innovation increases
productivity, reduces prices (sometimes to zero), and grows the
overall economic pie. But digital innovation has also changed how
the economic pie is distributed, and here the news is not good for
the median worker. As technology races ahead, it can leave many
people behind. Workers whose skills have been mastered by computers
have less to offer the job market, and see their wages and
prospects shrink. Entrepreneurial business models, new
organizational structures and different institutions are needed to
ensure that the average worker is not left behind by cutting-edge
machines. In Race Against the Machine Brynjolfsson and McAfee bring
together a range of statistics, examples, and arguments to show
that technological progress is accelerating, and that this trend
has deep consequences for skills, wages, and jobs. The book makes
the case that employment prospects are grim for many today not
because there's been technology has stagnated, but instead because
we humans and our organizations aren't keeping up.
Two experts on the information economy explore the true economic
value of technology and innovation. A wave of business innovation
is driving the productivity resurgence in the U.S. economy. In
Wired for Innovation, Erik Brynjolfsson and Adam Saunders describe
how information technology directly or indirectly created this
productivity explosion, reversing decades of slow growth. They
argue that the companies with the highest level of returns to their
technology investment are doing more than just buying technology;
they are inventing new forms of organizational capital to become
digital organizations. These innovations include a cluster of
organizational and business-process changes, including broader
sharing of information, decentralized decision-making, linking pay
and promotions to performance, pruning of non-core products and
processes, and greater investments in training and education.
Innovation continues through booms and busts. This book provides an
essential guide for policy makers and economists who need to
understand how information technology is transforming the economy
and how it will create value in the coming decade.
The rapid growth of electronic commerce, along with changes in
information, computing, and communications, is having a profound
effect on the United States economy. President Clinton recently
directed the National Economic Council, in consultation with
executive branch agencies, to analyze the economic implications of
the Internet and electronic commerce domestically and
internationally, and to consider new types of data collection and
research that could be undertaken by public and private
organizations.This book contains work presented at a conference
held by executive branch agencies in May 1999 at the Department of
Commerce. The goals of the conference were to assess current
research on the digital economy, to engage the private sector in
developing the research that informs investment and policy
decisions, and to promote better understanding of the growth and
socioeconomic implications of information technology and electronic
commerce. Aspects of the digital economy addressed include
macroeconomic assessment, organizational change, small business,
access, market structure and competition, and employment and the
workforce.
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