A timely piece from Satyajit Das:
Das wisely observes –
“Most new
technologies have significant benefits but don't radically reshape the modes of
doing things. A driverless or electric automobile is just a new type of car. It
isn't the quantum leap that motorized transport was over its animal-powered
predecessors. Email improves the speed of communication but it isn't as radical
as the advent of telephony. Platforms such as EBay Inc., Uber Technologies Inc.
and Airbnb Inc. are merely new marketplaces matching buyers and sellers. Big
data is just a more sophisticated way to handle information and statistical
analysis.”