As Viktor Mayer-Schönberger, best-selling 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.
How would the future of firms be like?
- Decentralized With Coordinated Control
- Data-driven Managerial Decision Automation
- Hybrid Organization – Part Firm, Part Market
- Organization of One
If these are the possible future of firms, how about the future of jobs with unbundled work?
This is the dawn of the era of data capitalism.
Will it be an age of prosperity or of calamity?
Reading Notes from the book “Reinventing Capitalism in the Age of Big Data“.
