Reinventing capitalism in the age of big data by viktor mayer schonberger and thomas ramge markets have long been acknowledged to be a superior mechanism for managing resources but until the advent of big data they largely functioned better in theory than in practice. Reinventing capitalism side firmly with the decentralised model that market represents in the era of big data artificial intelligence and machine learning predicting that data rich markets will become the new dominant vehicle for human coordination with centralised albeit highly automated firms fading away in the long run. This is the dawn of the era of data capitalism will it be an age of prosperity or of calamity this book provides the indispensable roadmap for securing a better future. Though reinventing capitalism in the age of big data offers a unique view of the future it does tend to exaggerate the role of information technology after all bigger data doesnt necessarily mean better data and those who work with extremely large data sets may have trouble distinguishing the signal from the noise. Cfa institute cfa institute is the global not for profit association of investment professionals that awards the cfa and cipm designations we promote the highest ethical standards and offer a range of educational opportunities online and around the world
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