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Second Machine Age Could Replace The Boss!

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Mark Melin
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We are entering a Second Machine Age, say authors Erik Brynjolfsson and Andrew McAfee, one that could usher in computers to do high level management tasks – potentially replacing the roles of senior corporate managers.

Second Machine Age: Will the humans be substituted by machines?

“Humans were largely complements for the machines of the First Machine Age. In the Second Machine Age, it’s not so clear whether humans will be complements or machines will largely substitute for humans; we see examples of both,” said Brynjolfsson in a Davos interview published on the McKinsey & Company website. “That potentially has some very different effects on employment, on incomes, on wages, and on the types of companies that are going to be successful.”

The...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.