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
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.
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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.
Alan is managing partner at Greenstein, Rogoff, Olsen & Co., LLP, (GROCO) and is a respected leader in his field. He is also the radio show host to American Dreams. Alan’s CPA firm resides in the San Francisco Bay Area and serves some of the most influential Venture Capitalist in the world. GROCO’s affluent CPA core competency is advising High Net Worth individual clients in tax and financial strategies. Alan is a current member of the Stanford Institute for Economic Policy Research (S.I.E.P.R.) SIEPR’s goal is to improve long-term economic policy. Alan has more than 25 years of experience in public accounting and develops innovative financial strategies for business enterprises. Alan also serves on President Kim Clark’s BYU-Idaho Advancement council. (President Clark lead the Harvard Business School programs for 30 years prior to joining BYU-idaho. As a specialist in income tax, Alan frequently lectures and writes articles about tax issues for professional organizations and community groups. He also teaches accounting as a member of the adjunct faculty at Ohlone College.