Models Will Run the World

Click Bait, no models :(

"When built right, they create a reinforcing cycle: Their products get better, allowing them to collect more data, which allows them to build better models, making their products better, and onward. "

And this is why the current business-landscape seems to be more and more monopolized the further time goes on. Giants like Amazon, Google, Netflix, Facebook have just such a huge advantage due to their access to billions of datapoints, making it increasingly diffcult for a new competitor to disrupt the market.

I don't know what the solution here is (obviously a hands-off approach will not work). Maybe the data itself should be made public (communistic data?).