management in the data age
TRANSCRIPT
Managing the data ageBusiness in a time of information abundance
• PC and internet revolutions have changed business
• Mobile• Accounting software as an example
Where are we today?
• Today we’re on the cusp of great change like in 1915
• Energy became cheap and abundant in the 20th Century, today it’s information
Entering the data age
• Algorithmic management• Machine learning• Robotics• Faster decision making• We still have the structures of the twentieth
century
Where next?
• Use windows cleaning robot• The internet of things• Big data• The Japanese response has been increased automation, so
now we’re seeing companies releasing new equipment that works autonomously.
• We thought robots would look like the android in Lost In Space.• Better than human – Kevin Kelly• Will a robot take your job? – Gary Marcus• Robots and robber barons – Paul Krugman• Myth of the jobless recovery – Matt Yglesias• The end of labor – Timothy Noah
The future workforce
• Uber• Changing demographics• Loss of fifty percent of law enforcement
Driverless cars
• Faster decision making• Understanding data
• Recruiting and training data literate workersChanging management .
• Business has to be leaner• Management needs to be faster• Globalistion accelerating• Workforces and markets aging• End of consumerist economy
NOT business as usual
