Machine Platform Crowd: The Future Today

The Wall Street Journal: Machine Platform Crowd, a new book by Andrew McAfee and Erik Brynjolfsson, “is a book for managers whose companies sit well back from the edge and who would like a digestible introduction to technology trends that may not have reached their doorstep—yet … In the authors’ terminology, ‘Machine’ is shorthand for computers running software that, with new AI techniques called ‘deep learning,’ essentially teaches itself how to make judgments superior to those of humans. ‘Machine’ also encompasses the disappearance of employees in the services sector, leaving only the customer, robots and software—what the authors refer to as ‘virtualization.’”

“‘Platform’ refers to digital environments that bring economic actors together, exploiting free, or nearly free, online access, reproduction and distribution. Uber and Airbnb are examples of new platforms. ‘Crowd’ refers to information resources created by the uncredentialed, the nonexpert and, with rare exceptions, the unpaid. Wikipedia and the Linux operating system comprise the two most impressive achievements of the crowd.”

​”Messrs. McAfee and Brynjolfsson argue that, in the latest phase of the second machine age, incumbent businesses will be pushed aside if they fail to understand how new machines and software, platforms, and the crowd enlarge the scope of digital technologies—just as manufacturers that had appeared and thrived in the first phase of the first machine age were displaced when electricity supplanted steam power in the early 20th century.”

Tim Manners/Brand X Ventures | Jul 14th, 2017 | , , , , , ,