“Reinventing Capitalism in the Age of Big Data” is Professor Mayer-Schönberger’s most recent book. Co-authored with German technology journalist Thomas Ramge it has been published in ten languages, been on the bestseller list in countries such as the Netherlands, and won prestigious awards, such as the getabstract business book of the year award, or the strategy+business book of the year award in the innovation category, and has inspired policy makers around the world to consider innovative rules to ensure resilient and innovative markets.
It is the awards-winning story of how data fundamentally changes how markets work, thus reconfiguring our economy. As data-rich markets win vis-a-vis traditional price-based markets, finance capitalism declines and conventional hierarchical firms are under pressure. “reinventing Capitalism” explains how to thrive in this new data-rich economy, but also argues that left without stringent rules ensuring competition, diversity and widespread innovation, we may find ourselves in what in essence is little more than a centrally planned economy. Fortunately, there are solutions – such as the progressive data sharing mandate – so that we can use data-rich markets to empower human decision making.
“Big Data” is an international bestseller (co-authored with Kenneth Cukier), available in twenty languages, finalist for the Financial Times Business Book of 2014, on the New York Times and Wall Street Journal bestseller lists, and recipient of the Wenjin prize awarded for the TOP-10 books overall by the National Library of China.
“Big Data” explains how vastly more data provides humankind with an amazing new perspective of reality, and a powerful tool to make predictions. No economic sector, no part of society will remain untouched as this revolution transforms how we live, work and think.
In this ground-breaking book, Professor Mayer-Schönberger explains why forgetting is central to humanity, and why undoing forgetting through comprehensive digital memory threatens to shackle us to our past, incapacitating us to evolve and to grow.
The awards-winning “Delete”, available in half a dozen languages was the first major book to advocate for more digital forgetting. This idea has been given tremendous additional weight by a 2014 decision of Europe’s Court of Justice that has afforded Europeans with a “right to be forgotten” (and made Mayer-Schönberger the “intellectual godfather” of that right, according to the “The New Yorker”). The idea has also now been implemented by dozens of cutting-edge apps and online services such as Snapchat.