Reinventing Capitalism in the Age of Big Data

Reinventing Capitalism in the Age of Big Data

By Viktor Mayer-Schönberger and Thomas Ramge

"In modern history, the story of capitalism has been a story of firms and financiers. . . [The authors believe that] data is replacing money as the driver of market behavior: big finance and big companies will be replaced by small groups and individual actors who make markets instead of making things. Think Uber instead of Ford, or Airbnb instead of Hyatt"--Amazon.

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Book Information

Publisher: Basic Books
Publish Date: 02/27/2018
Pages: 288
ISBN-13: 9780465093687
ISBN-10: 046509368X
Language: English

Full Description

From the New York Times bestselling author of Big Data, a prediction for how data will revolutionize the market economy and make cash, banks, and big companies obsolete In modern history, the story of capitalism has been a story of firms and financiers. That's all going to change thanks to the Big Data revolution. As Viktor Mayer-Schörger, bestselling author of Big Data, and Thomas Ramge, who writes for The Economist, show, data is replacing money as the driver of market behavior. Big finance and big companies will be replaced by small groups and individual actors who make markets instead of making things: think Uber instead of Ford, or Airbnb instead of Hyatt. This is the dawn of the era of data capitalism. Will it be an age of prosperity or of calamity? This book provides the indispensable roadmap for securing a better future.

About the Authors

Kenneth Cukier is a senior editor at The Economist and host of its weekly podcast on technology Babbage. He is also an associate fellow at Saïd Business School at the University of Oxford.

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Viktor Mayer-Schönberger is Professor of Internet Governance and Regulation at the University of Oxford. Thomas Ramge has authored more than fifteen books about technology, innovation, and decision-making and has won numerous publishing awards.

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