MITIDE

using your concept...does “Winner-take-all Economics” mean there aren’t any “non-zero sum” solutions to the problems you and Erik discussed in your books

It's great news if your company wins the 'winner take all' contest in these industries

> Completely different challenge than operating in an industry with inflationary norm.

the barrier to entry is also reduced to zero, isn't it?

is this what has created uber with no cars, alibaba with no inventory etc

Tech has historically been a winner-take-all business? IBM, then Wintel and competitors within their domains (e.g. Cisco, Oracle, Apple) - what's different?

yes, the pattern in tech industries is dominance, then disruption. I think this pattern will spread to more and more industries in 2MA

What's different is it isn't just tech now. It is virtually every part of the economy as more and more industries are disrupted.

@stevie_chambers not if you count VC dollars that go to marketing stevie!

@BertLatamore Yep. That's because digital gear is a "general purpose tech" - in other words, it diffuses throughout the economy

Platforms have been winner-take-all. Not sure I'd generalize to all of tech.

great news...as it implies you built a platform...and when that platform solves a problem, the marginal economics become the secret biz model weapon

platforms always win in the end - value from network effects and leverage are great and with software we are seeing a new generation of scale with #opensource

@amcafee Exactly, but for many people who aren't the winners this can be personal disaster.

what's a "platform"?

Economic growth is inherently NOT zero sum

@pgillin I agree with you and @amcafee put that pattern ends with disruption

@stevie_chambers See my colleague Marshall Van Alstyne's work for the best answer to that Q. He's speaking at our London event

@amcafee Bill Clinton would be proud of you andy...

@amcafee > That's why they call it Value Creation!

The technology increase the human productive, so when you develop something really innovative and disrupt, you can create value instead of destroy it

Things that computers aren't good at: empathy, negotiation, physical skills, problem solving, persuasion...

great question jennifer!

@amcafee people thought a few short years ago that computers couldn't drive cars right :-) what changed?

How is the #2MA going to change the workforce? Jobs etc?

So don't compete with the robots and don't try to "learn" them either - go in the complete opposite direction. Interesting!

@dvellante Short answer: faster computers, better sensors, more data, geeks that learn.

@amcafee > Context, Historical relevance, moral trade offs, when there is no "right" answer

Use the robots to do what you do better.

Good answer - when will computers be able to predict the weather accurately :-)

@dvellante Weather is at some level a chaotic and hence unpredictable system.

@amcafee > The whole "Schema on Read" vs "Schema on Write" is another flavor of this. Doesn't matter that you don't know what you don't know now, you can iterativly work your way there later.

Building off the education topic - Do you feel MIT is doing a good job preparing its students for #2MA ? What could universities do better?

@amcafee Although I've heard that modeling traffic is even more complex! :-)

@Sam_Kahane @MIT is doing a great job, but it's got truly impressive raw material (i.e. students) to work with

@amcafee > One of the many benefits of keeping a foot in Academe, never ending flow of smart, young, energetic students

Too true @amcafee. @MIT is definitely an innovater in the machine era. Thanks

It also seems that there are two parallel education paths. STEM to build and manage these marvelous machines, but more of a Humanities perspective/approach as a requirement to apply them

@JeffFrick I certainly don't think the humanities have lost their value in 2MA

The humanities seem to build a level of critical thinking that robots/computers have yet to attain. If this is true, it's important to stress this as many universities slash their humanities departments in response to 2MA.

As the speed of technological advance increases, IMHO businesses will need to be looking towards the early technological advancements & decide if, or how, it could disrupt/affect the space in which they operate. If needed, adopt early...

that link is hard tho. I see SMEs delegating that decision to partners because they see it as "non core"

eg: national music chain stores & record labels that didn't get in early with a digital distribution model, & have now been left behind - with it being too late for them to catch up & enter the market.

@Kiwi_Si it would seem to me the biggest issue organizations face is not the tech but the biz process and skills required to exploit it

I just read @rwang0 book on Disrupting Digital Business and he brings up this notion of peer to peer connectedness (aka mobile cloud data) and it's impact. Very compelling for business people to move fast to rethink their organizations

@Kiwi_Si it's like Porter's five forces has a stronger component on substitute products #2MA

@dvellante > And Clayton Christensen's Innovator's Dilemma still holds true, hard to innovate and kill today's business model when you've got customers paying the freight.

The other item is to not be blindsided by the changes coming. As an example, folks talk about driver less cars disrupting the taxi industry, but auto insurance, car repair, road and construction, the energy industry ALL will be disrupted.

@PaulPrusa Don't forget over-the-road trucking. All those truck drivers will be replaced by robotic trucks.

> If they could disrupt the taxi industry with mobile phones, google maps, payment gateways, and game mechanics (no mention of cars BTW) everyone should be looking over their shoulder.

@vGazza > But now you're not competing with others who are similar, and trying to dominate one of the forces. Now innovators redefine the solution. It's transportation, not a taxi, or an owned car, or even a traditional rental.

@JeffFrick agreed. It's the whole model transforming industries. Porter has a recent paper on that.

@vGazza > And they're re-organizing the relative importance of attributes where they can win, like convenience, customer service, what my friends say, etc. #GameChanger

@JeffFrick it's AirBnb beating hotel chains, Uber beating limo services, etc

@JeffFrick great point! Thanks for bringing it up!

@vGazza > love to see Porter's latest thinking