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Title:The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies
Format Type:Ebook
Author:
Publisher:W. W. Norton Company
ISBN:0393350649
ISBN 13:
Number of Pages:336
Category:Non fiction, Technology, Economics, Business, Science

The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies by Erik Brynjolfsson, Andrew McAfee

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

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Some Estimates of the Contribution of Information Technology to Consumer Welfare (Classic Reprint), Information Technology and Productivity: A Review of the Literature, Strategies for E-Business Success, Beyond the Productivity Paradox: Computers are the Catalyst for Bigger Changes, Race Against The Machine, Understanding the Digital Economy: Data, Tools, and Research, Wired for Innovation: How Information Technology Is Reshaping the Economy, Machine, Platform, Crowd: Harnessing Our Digital Future, The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies, Does Information Technology Lead to Smaller Firms? (Classic Reprint)
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 br 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 br br br 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 br br br 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 br br br A fundamentally optimistic book em The Second Machine Age em alters how we think about issues of technological societal and economic progress, 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, The rapid growth of electronic commerce along with changes in information computing and communications is having a profound effect on the United States economy President Clinton recently directed the National Economic Council in consultation with executive branch agencies to analyze the economic implications of the Internet and electronic commerce domestically and internationally and to consider new types of data collection and research that could be undertaken by public and private organizations This book contains work presented at a conference held by executive branch agencies in May at the Department of Commerce The goals of the conference were to assess current research on the digital economy to engage the private sector in developing the research that informs investment and policy decisions and to promote better understanding of the growth and socioeconomic implications of information technology and electronic commerce Aspects of the digital economy addressed include macroeconomic assessment organizational change small business access market structure and competition and employment and the workforce, Excerpt from Some Estimates of the Contribution of Information Technology to Consumer Welfare br Acknowledgments Tim Bresnahan Vijay Gurbaxani Lorin Hitt Tom Malone Michael Piore and participants at the MIT Information Technology Seminar the MIT Industrial Performance Seminar the National Bureau of Economic Research NBER Workshop on Productivity and the Workshop on Information Systems and Economics WISE contributed valuable comments on this research David Cartwright and Allan Young at the Bureau of Economic Analysis were helpful in providing essential data and advice Funding by the Center for Coordination Science the International Financial Services Research Center and the Industrial Performance Center at MIT is gratefully acknowledged 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