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Quote by Erik Brynjolfsson

“Now comes the second machine age. Computers and other digital advances are doing for mental power - the ability to use our brains to understand and shape our environments-what the steam engine and its descendants did for muscle power.”

Quote by Erik Brynjolfsson

Author

Erik Brynjolfsson

Erik Brynjolfsson is a renowned academic researcher, born on April 14, 1962. He is a professor at the Sloan School of Management at MIT and also serves as the deputy director of the MIT Media Lab. Brynjolfsson is known for his research on the impact of information technology on the economy, particularly in analyzing the effects of big data and information technology on productivity, employment, and income distribution. more

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“We're rapidly entering a world where everything can be monitored and measured. But the big problem is going to be the ability of humans to use, analyze and make sense of the data.”

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“Because the process of innovation often relies heavily on the combining and recombining of previous innovations, the broader and deeper the pool of accessible ideas and individuals, the more opportunities there are for innovation.”

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“Knowing how to keep someone motivated and how to keep a connection are skills humans have learned and evolved over hundreds of thousands of years. A robot can't figure out whether you can do one more push-up, or how to motivate you to actually do it.”

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“Technology has made it easier for different firms to coordinate their activities with one another, and they don't have to be part of one company. They can get the benefits of scale without the inertia of scale.”

Made Different Company Technology Easier Activity Benefits Scales Made It Firm Inertia Coordinates

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“The kind of job where you come in and work 9 to 5, and where someone tells you what to do all day is becoming scarcer and scarcer.”

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“Electricity is an example of a general purpose technology, like the steam engine before it. General purpose technologies drive most economic growth, because they unleash cascades of complementary innovations, like lightbulbs and, yes, factory redesign.”

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“G.D.P. is not a measure of how much value is produced for consumers. Everybody should recognize that G.D.P. is not a welfare metric.”

Should Values Consumers Welfare Metrics

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“Technology is always creating jobs. It's always destroying jobs.”

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“Retailing has gone from an information-scarce to an information-rich environment.”

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“Computers get better faster than anything else ever.”

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