Data Capitalism: Counting and Communications Technologies and How They Have Altered the Structure and Management Of Business
March 18, 2015
"Since the Industrial Revolution, new counting and communications technologies have altered the structure and management of business. ... Yet the guiding metric of management for decades has remained the same: finance. With improvements in communications and computing, financial performance can be measured faster and in greater detail than before. But it is still a fairly blunt, crude measurement—counting money, one factor of production and output of the enterprise. It is still financial capitalism. But big data promises to usher in a new phase in the practice of management."