Reinventing Capitalism in the Age of Big Data

Thomas Ramge, Viktor Mayer-Schonberger

Format: Paperback / softback

Publisher: John Murray Press

Published: 24-01-2019

£12.99

A provocative look at how data is reinventing the market: where big firms will no longer be dominant.

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SKU: 9781473656529

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Description

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, moresustainable, and more democratic disruptor: data capitalism.

Additional information

Weight 0.2 kg
Dimensions 22 × 130 × 198 mm
Page Count 288