Google Chief Economist Hal Varian And I Think Alike
From this interview with Google’s Chief Economist, Hal Varian, I found out that the Borgle‘s leading economist (and California university professor) has also noticed the trend towards data commodification.
“Now what we see is a period where you have Internet components, where you have software, protocols, languages, and capabilities to combine these component parts in ways that create totally new innovations. The great thing about the current period is that component parts are all bits. That means you never run out of them. You can reproduce them, you can duplicate them, you can spread them around the world, and you can have thousands and tens of thousands of innovators combining or recombining the same component parts to create new innovation. So there’s no shortage. There are no inventory delays. It’s a situation where the components are available for everyone, and so we get this tremendous burst of innovation that we’re seeing.”
Hat tip to Claude Malaison for allowing me to discover the interview. Check out what he has to say on it (in French).
