tag:blogger.com,1999:blog-2503392532090682825.post1007990631591195589..comments2023-06-13T05:05:28.886-04:00Comments on Economics of Information: How Big Data is Disrupting the Management Consulting IndustryErik Brynjolfssonhttp://www.blogger.com/profile/01117552073319813366noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2503392532090682825.post-7056767303623712992013-10-29T16:08:11.632-04:002013-10-29T16:08:11.632-04:00Big data is changing the way we generate knowledge...Big data is changing the way we generate knowledge and value to companies. Management consulting firms have been driving their hypotheses using business models whereas big data now are used more and more to drive hypotheses. Combining these methods can bring tremendous value to companies; management consulting firms have identified the 'disruption' of big data and are investing heavily to develop that expertise which will change the way value is created.Panayiotishttps://www.blogger.com/profile/01809069186116392986noreply@blogger.comtag:blogger.com,1999:blog-2503392532090682825.post-20783969914178400892013-10-01T00:39:05.964-04:002013-10-01T00:39:05.964-04:00The evolution of big data (still in progress) will...The evolution of big data (still in progress) will lead sellers to fine tune very specific algorithms for specific industries. soon the consumer will have less power in the decision making. however, nothing is stopping consumers to collude/collaborate forming predictions from the other end of the table and capturing more seller's surplus. interesting game to observe and be part of. Diego Mendez Canonnoreply@blogger.com