How the Internet Became Commercial: Patterns in the Deployment of Technology | Shane Greenstein
About Shane Greenstein
Shane Greenstein is a Professor of Business Administration at the Harvard School of Business and is the MBA Class of 1957 Professor of Business Administration. Professor Greenstein is also co-director of the program on the economics of digitization at The National Bureau of Economic Research.
Professor Greenstein is the author of How the Internet Became Commercial, a book that describes how the Internet evolved a platform used primarily universities and the military to the commercial ecosystem it is today.
Professor Greenstein previously taught at the Kellogg School of Management, Northwestern University, and at the University of Illinois, Urbana/Champaign. He received his PhD from Stanford University in 1989 and his BA from University of California at Berkeley in 1983, both in economics. He continues to receive a daily education in life from his wife and children.
Interview Transcript of: How the Internet Became Commercial: Patterns in the Deployment of Technology | Shane Greenstein
An awful lot of what we observe today are patterns that we have seen in the past. And the more you appreciate how much repetition there is, the easier it is to identify what’s novel. And so so for example, when very big things deploy, you tend to find patterns of hesitance because multiple firms have to cooperate together in order to make something work as a system. And getting that coordination of work is usually quite difficult. And that’s something you saw in electricity and automobiles, in airplanes, internet. And we are seeing it today in big data, disagreements about fields, disagreements about getting the coordination of, of different ways, different algorithms to get them to work with each other instant and have standardized ways of doing machine learning at so that everybody can talk to each other. And then the other thing you typically see in big win big things deploy is adaptation problems. It turns out big technology isn’t useful. Out of the box, typically, it’s it requires much more investment to adapt to the needs of a particular user. And that kind of adaptation is very expensive. Typically, it’s typically where most of society spends its money, as it turns out, and again, you saw it in electricity. You saw the pattern in automobiles, you see it in every major deployment. And again, you saw it in the internet. And if you look at big data, what’s the big problem? You see it everywhere? Adaptation, lots of firms have the data they haven’t figured out exactly how to modify it in order to find the value in it.
To receive our free newsletter, contact us here.
Subscribe to our YouTube Channel for more interviews and updates.
This transcript was generated by software and may not accurately reflect exactly what was said.
Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com. GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.
Alan L. Olsen, CPA, Wikipedia Bio
GROCO.com is a proud sponsor of The American Dreams Show.
The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.
Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.
The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.
They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more.
American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:
Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…
MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness. I’s mission statement:
In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.
Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.