1 / 5

Erik Brynjolfsson, MIT erikb@mit

The Great Decoupling How Information Technology Is Affecting Productivity, Wages and Employment. Erik Brynjolfsson, MIT erikb@mit.edu. The Second Machine Age. GDP, Profits, Investment. Changing the world requires two things: P hysical power : move or transform things

ferrol
Download Presentation

Erik Brynjolfsson, MIT erikb@mit

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Great Decoupling How Information Technology Is Affecting Productivity, Wages and Employment Erik Brynjolfsson, MIT erikb@mit.edu

  2. (c) 2013 Erik Brynjolfsson

  3. The Second Machine Age GDP, Profits, Investment Changing the world requires two things: • Physical power: move or transform things • Mental Power: decide where and how Industrial Revolution = Physical Power • Steam engine (also, water wheel, ICE, Electricity) • Mostly a complement to humans Second Machine Age = Mental Power • Computers, Software, Big Data, Machine Intelligence • Complement or substitute?

  4. Machine Intelligence GDP, Profits, Investment • Interacting with physical world • Fine and gross motor control • Vision and other senses • Language • Voice recognition • Natural language processing • Creating narratives • Problem Solving • Answering unstructured questions • Rule based analysis • Pattern recognition and classification • We’re in the midst of one of the greatest “one-time” events in history! (c) 2013 Erik Brynjolfsson

  5. The Hard Truth GDP, Profits, Investment Digital progress makes the economic pie bigger. But there is no economic law that everyone, or even most people, will benefit. (c) 2013 Erik Brynjolfsson

More Related