The data singularity is here
dataspora.com
dataspora.com
I rather think automating mundane tasks is a good thing, because it frees us up to focus on innovative and creative opportunities. Jack Bauer operates at the speed of thought, because his tools take care of details irrelevant to him. IMO the data singularity exists, but it will shepard in the age of the exceptional individual. Startups (with HLLs) foreshadow this outcome.
Exceptional individual = Ubermensch?
I think there, is going to be plenty of scope for well oiled companies, especially small companies.
But I agree, I think the startups who are good at managing lots of data, especially new data, extremely quickly will succeed.
* http://www.overcomingbias.com/2010/03/econ-of-nano-ai.html
It will be in decreasing communication lag-time and interoperability between /people/ asymptotically to nil.
We will still be individuals, but we will be tied inexorably to not only each other, but the vast amount of data stored on the internet.
What makes us /think/ better, however, is speed and utility of communication. What helps us /remember/ better is the speed and utility of information retrieval.
The latter has been increasing faster than the former. We need fundamentally gigantic changes in human-computer-human communication to affect the former. The first of these was the internet, of course. What we've been doing with it since its inception are comparative baby-steps - someday, perhaps soon, there will be a leap just as big as the Internet is.
And it will be fundamentally destabilizing to everything we know as society today.
So change will be somewhat faster. The biggest difference will be higher level of machines taking people jobs , but we already have this. this will just increase.