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Designing the Machines That Will Design Strategy

Harvard Business Review

AlphaGo’s success is emblematic of a broader trend: An explosion of data and advances in algorithms have made technology smarter than ever before. In addition to executing well-defined tasks, technology is starting to address broader, more ambiguous problems. Remember Long-Term Capital Management ?

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How Software Is Helping Big Companies Dominate

Harvard Business Review

Research by one of us (James) links this trend to software. And academic research has found that rising industry concentration correlates with the patent-intensity of an industry, suggesting “that the industries becoming more concentrated are those with faster technological progress.” Most industries in the U.S.