How a Startup Can Thrive in the Digital Age

The video discusses the rapid impact of technology on business, emphasizing the importance of data over intuition in decision-making. It highlights the evolving roles of machines and humans, noting the enduring value of human common sense. The video also explores how digital platforms like Uber and Netflix disrupt markets by efficiently matching supply and demand. Finally, it underscores the power of crowds in scaling businesses and anticipates future technological disruptions and opportunities.

What does Andrew McAfee suggest is more reliable than intuition in decision-making?

• Data and technology

• Gut feeling

• Experience

• Market trends

How have some organizations changed their approach to job interviews?

• By relying solely on resumes

• By focusing on personal connections

• By using consistent questions and numerical rankings

• By eliminating interviews altogether

What is a significant challenge in teaching machines?

• Data processing

• User interface design

• Common sense

• Programming languages

What is a key characteristic of digital platforms like Uber and Netflix?

• They avoid using technology

• They require large physical infrastructures

• They scale quickly and easily

• They focus on traditional business models

Why is the crowd considered powerful in business scaling?

• They follow trends

• They are easily influenced

• They offer diverse expertise and knowledge

• They provide financial support