The Second Machine Age: What it means for your business and your future
Erik Brynjolfsson, MIT Center for Digital Business, MIT Sloan School, and National Bureau of Economic Research
We are at inflection point in our economy. A wave of exponential, digital and combinatorial new technologies is accelerating innovation, automating many jobs, and fundamentally changing business. This creates enormous a multi-trillion dollar opportunity for wealth creation, but the benefits will be very uneven, with many people and businesses worse off than they were before.
In this talk, Erik will explain the causes and consequences of these changes, including:
• The recent trends in productivity, profits, investment, GDP and employment;
• The “Great Decoupling” and what it means for business and labor;
• The weird and wonderful economic benefits of the digital age;
• The three types of biased technical change and who wins and loses from each;
• A look to the future and the three elements of machine intelligence;
• The emerging power of data-driven decision-making;
• The fundamentals creating an inflection point in technology; and
• Implications for individuals, business and society.
Erik Brynjolfsson is the Director of the MIT Center for Digital Business, a Professor at the MIT Sloan School, and a Research Associate at the National Bureau of Economic Research. His research on the interaction among information technologies, strategy, productivity and employment has been recognized with 10 Best Paper prizes and five patents.
His books include Race Against the Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity and Irreversibly Transforming Employment and the Economy, co-authored with Andrew McAfee. He received AB and SM degrees from Harvard and a PhD from MIT. You can download his papers: http://digital.mit.edu/erik or follow him on Twitter: @erikbryn.