In Erik Brynjolfsson and Andrew McAfee's The Second Machine Age, we read about the way technology will change our lives in significant ways over the coming decades. It is no question that our lives have changed throughout history with the inventions such as electricity and motorised vehicles, but consider also how the rate of change has accelerated after the Industrial Revolution and the efficiencies that it brought in today's society.
Brynjolfsson's book introduces us to Moore's Law and how our ability to cram more and more into the same space is increasing exponentially. We see this in everything tech, from memory space to processing power but also brings to light and what that means for business and how business is conducted, for example think of automation and artificial intelligence.
The biggest force in disruption today is our ability to digitise things, where the marginal cost of production effectively becomes zero. Which then leads us to question 'if things cost nothing to make, how much are they worth?' and more importantly, what does this mean for our regulators of society?
I think the most important takeaway from The Second Machine Age is not only to look forward to the upcoming changes and disruptions, but to fully understand these trends and how they affect your business and then to face them with an agile business mindset of willingness to learn, experiment and adapt.
Brynjolfsson's book introduces us to Moore's Law and how our ability to cram more and more into the same space is increasing exponentially. We see this in everything tech, from memory space to processing power but also brings to light and what that means for business and how business is conducted, for example think of automation and artificial intelligence.
The biggest force in disruption today is our ability to digitise things, where the marginal cost of production effectively becomes zero. Which then leads us to question 'if things cost nothing to make, how much are they worth?' and more importantly, what does this mean for our regulators of society?
I think the most important takeaway from The Second Machine Age is not only to look forward to the upcoming changes and disruptions, but to fully understand these trends and how they affect your business and then to face them with an agile business mindset of willingness to learn, experiment and adapt.
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