The Industries Of The Future Alec Ross Analysis

Overview Alec Ross wrote a book The industries of the future. Book was published in 2016 by Simon and Schuster on 320 pages. Book consists of introduction, six chapters, and conclusion. Acknowledgments are given at the end of the book. Every part of the book starts with a quote that fits into main subject. Introduction has four subheadings: The wrong side of globalization, Growing up in the old economy, The right side of globalization, and The industries of the future. In the first chapter named Here come the robots, Ross write about development of the robots and how they taking over business from people. Second chapter considers the future of the human machine. The last trillion-dollar industry was built on a code of 1s and 0s. The next will
This ensures the survival of the industry and its competitive development in modern conditions where information is most important. For example, in most factories today robots do a larger number of operations, and there is a possibility that in the future completely replace employees. This could cause various economic problems such as the dismissal of workers. Therefore, the government and companies must pay special attention to this problem. Furthermore, the book talks about the process of globalization and its impact on different aspects of the business and the positive and negative implications of this process. The process of globalization has influenced the creation of unique market, but on the other hand, influenced the decrease in jobs. The former way of doing business is no longer viable in modern conditions. New technologies have led to the development of new ways of communication, new payment methods, etc. Previously it was only possible to pay with cash, later it became possible to use of credit and debit cards. This has contributed to the development of technology. Today, thanks to the development of technology it is possible to pay in real time. It can be documented by the development of different services such as PayPal or a trading platform such as Amazon or eBay. Particular revolution in digital payments is the emergence of Bitcoin. New information and new information and communication technologies create new markets (real or virtual). The book tells about the geography of future markets. The main question is whether under the influence of globalization and information technology will be reached the unification of existing markets, or will come to their division. Creating a currency that can be transmitted in different markets without exchange (e.g. Bitcoin) or new service (e.g. Paypal) shows us that there is one single market, at least virtually. The creation of such a market