Fintech in the Second Machine Age (StockViews)

#artificialintelligence 

I recently finished reading "The Second Machine Age", which was recommended to me by one of our board advisors. The authors Eric Brynjolfsson and Andrew McAfee make a convincing argument that we are in the midst of a paradigm shift every bit as transformative as the industrial revolution. While the industrial revolution was about harnessing physical power, this new machine age is about harnessing cognitive power. The authors identify the steam engine as the key catalyst for change in the industrial revolution. Between 1765 and 1776, James Watt, in partnership with Matthew Bolton, made fundamental improvements to the efficiency of the existing steam engine that would see its widespread adoption across a range of industries.