Thursday, May 9, 2019

Excerpts from the book - Twenty One lessons for the Twenty First Century- Y Noah Harari



*We have no idea what the job market will be in 2050.It is generally agreed that machine learning and robotics will change almost every line of work.The job market of 2050 might well be characterised by Human - AI ( Artificial Inteligence) co-operation rather than competition.

*What will happen to this view of life as we increasingly rely on AI to make decisions for us?At present we trust NEFLIX to recommend movies,and Google Maps to choose whether to turn right or left .But once we begin to count on AI to decide what to study,where to work, and whom to marry, human life will cease to be a drama of decision making.

*As authority shifts from humans to algorithms , we may no longer see the world as the playground of autonomous individuals struggling to make the right choices. Instead we might perceive the entire universe as a flow of data, see organisms a little more  than biochemical algorithms and believe that humanity's cosmic vocation is to create an all encompassing data processing system and then merge into it.

*Tommorrow's wealth is data. If we want to prevent the concentration of all wealth and power in the hands of a small elite, the key is to regulate the ownership of data.In ancient times land was the most important asset. In modern era machines and factories become more important than land and political struggle focussed on controlling these vital means of production. In the twenty first century, however data will eclipse both land & machinery as this is the most important asset and politics will be a struggle to control the flow of data.

*The race to obtain data is already on, headed by the data giants , Google, facebook,Baidu & Tencent.Their true business is not to sell advertisments at all,rather by capturing our attention, they manage to accumulate immense amounts of data about us, which is worth more than any advertising revenue.We are not their customers, we are their product.

*Humans and machines might merge so completely that humans will not be able to survive at all if they are disconnected from the network. They will be be connected from the womb and if later in life you choose to disconnect, insurance agencies might refuse to insure you, employees might refuse to employ you and health care services might refuse their services to you.


Dear All

The blog was started to share various information on various aspects of Management Practices for the students of Management.

Its almost a decade , and all the students would be practising managers.
It would be wonderful to hear from their experiences and to bring together others who are hungry for knowledge.

Our effort will be to curate information from various sources, and also encourage various experts to give their views on various subjects. We expect to cover various aspects in Technology , Management, Communication, Improving Careers etc.,

Lets connect again


Capt. Rajkumar