Andy McAfee and I have just released a short e-book, Race Against the Machine. In it, we try to reconcile two important facts. 1) Technology continues to progress rapidly. In fact, the past decade has seen the fastest productivity growth since the 1960s, but 2) median wages and employment have both stagnated, leaving millions of people worse off than before. This presents a paradox: if technology and productivity are improving so much why are millions being left behind?
In the book, we document remarkable advances in digital technologies in particular. Innovations like IBM’s Watson, Google’s self-driving car, Apple’s Siri are turning science fiction into reality. Machines are doing more and more tasks that once only humans could do.
I’m supposed to be pretty good at statistical-based predictions, but I could not have predicted how much the annual MIT Sloan Sports Analytic Conference would grow in just five years. The success is not just in attendance – this year’s March 4-5 event was another sellout – but in the range of topics, sports, and speakers. And that reflects a bigger trend: analytics has expanded not just within sports such as baseball and basketball where it has been accepted, but to other professional leagues, such as hockey and football.