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Interesting talk about the technology revolution’s ability to remake government, from the leader of Britain’s Conservative Party. What really strikes me looking around the world today is that information technology has remade retail and remade media consumption, but there are still huge industries it hasn’t begun to touch – Finance, Health Care, Energy, Education, and [...] If you haven’t heard of High Frequency Trading yet, you will soon. It is changing the way markets work, improving liquidity and price setting, while allowing those few with access to the requisite tools to take a lion share of the profits generated. For example: It was July 15, and Intel, the computer chip giant, [...] Auction technology has blossomed around the world, and called into existence a whole new industry, replete with firms, entrepreneurs, consultants, counter-consultants and even a few gunslingers. When the National Bureau of Economic Research’s Market Design Working Group held its first-ever meeting earlier this month, many of the stars were there, mostly economists, but a handful [...] A great overview of the promises and challenges presented by smart grid technology. Witness the birth of Google, the business giant: Veach and Kamangar argued that all the ad slots should be auctioned off. In search, Google had already used scale, power, and clever algorithms to change the way people accessed information. By turning over its sales process entirely to an auction-based system, the company could similarly upend [...] |
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Copyright © 2012 Joel E Lewis - All Rights Reserved |
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