Reinventing Capitalism in the Age of Big Data

Category: Book
By (author): Mayer-Schönberger, Viktor
By (author): Ramge, Thomas
Subject:  BUSINESS & ECONOMICS / Corporate & Business History
  BUSINESS & ECONOMICS / Economics / General
  BUSINESS & ECONOMICS / Economics / Theory
  BUSINESS & ECONOMICS / General
  TECHNOLOGY & ENGINEERING / Social Aspects
Audience: general/trade
Publisher: Basic Books
Published: February 2018
Format: Book-hardcover
Pages: 288
Size: 9.50in x 6.50in x 1.00in
Our Price:
$ 38.25
Availability:
Available: 3-5 days

Additional Notes

From The Publisher*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-Schönberger, 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.
Review Quote*"Viktor Mayer-Schönberger and Thomas Ramge argue that big data will transform our economies on a fundamental level...Thought-provoking."-Science
Review Quote*"A thoughtful volume about the digital and data-driven future...Emphasizes the human choices and market and societal opportunities that data will enable."-Forbes
Review Quote*"Mayer-Schönberger and Ramge offer several intriguing ideas for limited the excesses of data-rich capitalism...These ideas won't get much of a hearing in today's Washington. But the shift toward an information-based economy will outlast the current administration. Eventually, this country will have a government interested in the best parts of modern capitalism while restraining the worst."-David Leonhardt, New York Times Book Review
Review Quote*"If this overall analysis is right, then we are going to have to start thinking more about such radical ideas. Data capitalism can deliver phenomenal services, as Amazon has shown. But it may also undermine some of the foundations on which our societies have been built."-Financial Times
Review Quote*"In 2013's Big Data, Viktor Mayer-Schönberger...described the necessity of using digital information to better connect with customers and train automated systems... Reinventing Capitalism in the Age of Big Data...expands that vision as dramatically as the title implies. Big data, the authors argue, is an omnipresent force that will create a new world--one in which large public companies may no longer be relevant at all."-Fortune
Review Quote*"Smoothly written and provocative, Reinventing Capitalism in the Age of Big Data is one of those rare pop future books that takes fundamental economics seriously... Viktor Mayer-Schönberger and Thomas Ramge argue that the data's rise means money's decline, that meaningful economic growth overwhelmingly depends on data innovation, and that regulating market competition requires rethinking data access."-F&D
Review Quote*"A welcoming and comprehensible narrative featuring interesting profiles of key personalities driving the Big Data revolution...The future marketplace of goods, services, and ideas will benefit from a wide readership of this instructive study."-Booklist
Review Quote*"An unnerving yet plausible portrait of a future in which 'finance capitalism will be as old-fashioned as Flower Power.'"-Kirkus
Review Quote*"Anyone interested in the future of business should read this fascinating book as soon as possible. By now it is conventional wisdom--thanks in no small part to Mayer-Schönberger's previous book--that big data will transform the way firms operate. Reinventing Capitalism in the Age of Big Data makes a compelling case that it will change the nature of the market itself. With brilliant insights, it explains how the shift from simple price signaling to data-rich preference matching will determine the winners and losers of the 21st century economy, and thoughtfully outlines steps to curb the excesses of this new environment."-Kevin Werbach, The Wharton School, University of Pennsylvania