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Read online The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies.pdf PDF, EPUB, MOBI, TXT, DOC The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies In recent years Google s autonomous cars have logged thousands of miles on American highways and IBM s Watson trounced the best human em Jeopardy em 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 em The Second Machine Age em 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 em The Second Machine Age em alters how we think about issues of technological societal and economic progress by Erik Brynjolfsson, Andrew McAfee

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The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies
Title:The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies
Format Type:eBook PDF / e-Pub
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ISBN:0393350649
ISBN 13:
Number of Pages:336
Category:non-fiction, technology, economics, business, science
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The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies, Information Technology and Productivity: A Review of the Literature, Understanding the Digital Economy: Data, Tools, and Research, Race Against The Machine, Strategies for E-Business Success, Wired for Innovation: How Information Technology Is Reshaping the Economy, Does Information Technology Lead to Smaller Firms? (Classic Reprint), Machine, Platform, Crowd: Harnessing Our Digital Future, Beyond the Productivity Paradox: Computers are the Catalyst for Bigger Changes, Some Estimates of the Contribution of Information Technology to Consumer Welfare (Classic Reprint)
i Why has median income stopped rising in the US i div i Why is the share of population that is working falling so rapidly i div div i Why are our economy and society are becoming more unequal i br br 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 br br In i Race Against the Machine i 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 br br 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 br br 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 br br In i Race Against the Machine i 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 div, Excerpt from Does Information Technology Lead to Smaller Firms br Data and methodology The data Information technology capital and total capital Firm size employees per establishment and per firm Vertical integration Data grouping and dummy variables br About the Publisher br Forgotten Books publishes hundreds of thousands of rare and classic books Find more at a target blank href http www forgottenbooks com rel nofollow www forgottenbooks com a br This book is a reproduction of an important historical work Forgotten Books uses state of the art technology to digitally reconstruct the work preserving the original format whilst repairing imperfections present in the aged copy In rare cases an imperfection in the original such as a blemish or missing page may be replicated in our edition We do however repair the vast majority of imperfections successfully any imperfections that remain are intentionally left to preserve the state of such historical works, This research was sponsored by the MIT Center for Coordination Science the MIT International Financial Services Research Center and the Sloan Foundation The paper is a revised and extended version of an article which originally appeared in the Communications of the ACM in December and also reflects subsequent research in this area br br During the s the relationship between information technology IT and productivity became a source of debate the astonishing improvements in computers underlying capabilities proved almost impossible to assess in terms of their effect on productivity Fueled in part by the emergence of empirical research on IT productivity that generally did not identify significant br productivity improvements the perception that IT failed to live up to its promise prevailed br Recent research is more encouraging as new data are identified and more sophisticated methodologies are applied Several researchers document IT s positive effect on productivity performance Additionally others approach IT s contribution from different perspectives examining its effect on intermediate measures on consumer surplus and on economic growth br Consequently our presumption of a productivity paradox has diminished considerably br However a careful review indicates that unequivocal evidence still remains elusive with new questions emerging even as old puzzles fade This survey categorizes relevant studies into four groups identifies remaining productivity puzzles and reviews four possible explanations for them mismeasurement lags redistribution and mismanagement The paper concludes with br recommendations for investigating each of these explanations including more careful applications of traditional methodologies as well as employment of alternative broader metrics br of welfare to assess and enhance the benefits of IT, A wave of business innovation is driving the productivity resurgence in the U S economy In i Wired for Innovation i 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 br br 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