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The World after Big Data: What the Digital Revolution Means for Us

6 Pages Posted: 20 May 2014 Last revised: 3 Feb 2015

Dirk Helbing

ETH Zürich - Department of Humanities, Social and Political Sciences (GESS)

Date Written: May 19, 2014

Abstract

The digital revolution is changing human history. The invention of the steam engine turned agricultural society ("economy 1.0") into industrial society ("economy 2.0"), and wide-spread education turned it into service society ("economy 3.0"). Now, the invention of computers, the Internet, the World Wide Web, and Social Media are transforming service societies into digital societies ("economy 4.0"). With computers reaching the level of human brainpower in about 10 years, with intelligent service robots, and the Big Data tsunami, 50 percent of jobs in the industrial and service sectors will be lost within the next 20 years. How will this transform our society?

Keywords: digital revolution, second machine age, third industrial revolution, economy 4.0, Big Data, self-regulation, invisible hand

Suggested Citation

Helbing, Dirk, The World after Big Data: What the Digital Revolution Means for Us (May 19, 2014). Available at SSRN: https://ssrn.com/abstract=2438957

Dirk Helbing (Contact Author)

ETH Zürich - Department of Humanities, Social and Political Sciences (GESS) ( email )

ETH Zurich - Swiss Federal Institute of Technology
Clausiusstrasse 50
Zurich, 8092
Switzerland

HOME PAGE: http://www.coss.ethz.ch

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