1.
These following books address the implications of new
technologies, convey lessons in leadership and ethics
digitalstrategy-ai.com

2.
 Mr. Klaus Schwab is the founder and Executive Chairman of The World Economic
Forum
 He is arguing that the speed of the changes in this industrial revolution is
happening at an exponential pace rather than linear.
– As technologies are developing at this rapid speed, it is changing not only our
economy but also business, society and who we are as individuals
 What kind of influence is he predicting?
– Robots will be used on a much large scale and probably will substitute capital for
labor. Furthermore, Mr. Schwab argues that through the deployment of newly-
emerging technologies including AI, robotics and machine learning, various jobs
and skills are expected to be automated, indicating a risk associated with the labor
substitution.
– Few global digital platforms and marketplace will, in the end, emerge as “stars”
– A business will need to become innovation-driven ecosystems with new business
models, products, and services
– With the rise of digitization, our society will become “me-centered” and will be
defined with personalization
– The challenges we need to discuss is regarding privacy and regulation, the human
touch in a world of robots and artificial intelligence application and also we need
to properly understand and analyze new technologies before deploying it. Another
key impact of the revolution on the economy is the potential weakening of income
differences across the world
 This is a great book to understand the term fourth industrial revolution on a high-
level view and the key drivers and impacts for society, businesses, and
individuals.

3.
 Two London-based economists Jonathan Haskell and Stian Westlake are arguing
that no longer is wealth in physical assets such as factories or pipelines
 In the twenty-first century however intangible assets such as knowledge, design
and software and databases are creating a new type of wealth and are catching
the attention of investors. This means the value is becoming detached from the
tangible and thus will create new social and economic consequences. What are
the major issues?
– One example is that software doesn’t work as a physical asset. Microsoft may
spend a lot of money to develop the first unit of a new program but every unit is
virtually free to produce.
– If the investment into these new programs don’t work out you don’t need to have
physical assets do sell-off, this often referred to sunk costs
– It creates new opportunities for scalability than physical assets as the products can
be replicated at very low costs
– The winners are partly those big companies that control the platform where
content is shared rather producers of that content
 Implications for policymakers include taxation and regulation of those in power
of intangible assets. Today digital empires have moved towards monopolization
and much of their assets are information and communication.
– Questions that need to be addressed by policymakers are “Are trademark and
patent laws too strict or too generous? Does competition policy need to be
updated
– What is the best way to stimulate an economy in a world where capitalism
happens without capital gains?”
 This book makes a great overview of the extent of capitalism in recent times and
reading the book will give a deeper analysis of the impact of intangible assets on
capitalism.

4.
 The Harvard Business School Professor Shoshana Zuboff that has
written the book “The Age of Surveillance Capitalism”.
 She is arguing that the digital revolution has led that corporation are
mining users' information to predict and shape our behavior. Our
consumption behavior is changing from a mass-consumption to an
individual-oriented structure. The raw material that is analyzed by the
tech-giants is often free and is derived from human experience and
then translated into behavioral data.
– Google is seen as one of the first corporations that learned how to collect
and use data to predict products and services to sell to their advertisers.
Furthermore, she is arguing that the technologies for behavioral-prediction
is improving and is impacting our moral judgment and critical thinking.
 She is arguing that we need to change the dynamic of that some
corporation knows everything about us but that we know little about
them.
– Work to change public opinion and develop new laws and regulatory
institutions that focus on empowerment and the democratization of
knowledge

5.
These following books address the implications of new
technologies, convey lessons in leadership and ethics
digitalstrategy-ai.com