We are at a tipping point in terms of the impact of technology of business in society, and the A Tipping Point for Technologyreason is a big one. The industrial age is finally come to its logical conclusion. When you look around there are all kinds of institutions, old models of the corporation, of media, of government, of education, science, democracy that are all in various stages of being stalled, or frozen, or in atrophy, or even failing, contrasted with the contours of a set of sparkling new initiatives that show how we can rebuild these institutions around a new set of principles, and around a new communications medium.
A time of profound change
This is a time of very profound change in the world. It’s driven by information technology uh, pulled by a new generation that’s very different, and kicked by the global-economic crisis, and it’s causing companies to dig deep, and to think how are we going to orchestrate capability to-to be effective in the future. What will our relationships with the rest of the world be, and how can we change our modus operandi to be an effective and sustainable business going forward?
New values are needed
We saw the rise of the nation-state, parliamentary democracy, science, the new university, the corporation, commercial relationships, capitalism, and The Industrial Revolution, and it was all good. It advanced our standard of living and productive forces around the world, but it came with a cost…
Changing expectations for business
During The Industrial Age, many business leaders held that the purpose of a corporation was to make money for its shareholders, but that’s changing now because society has really granted corporations a license to operate, and increasingly we’re demanding of them, that they create, not just well-valued products and services, but that they behave according to some values.
The values of integrity, that their honest considerate of the environment and of other’s interests, that they are accountable, and abide by their commitments, and-and that their open in have transparency, and increasingly business can’t succeed in a world that’s failing.
Accelerating pace of change
As recently as 100 years ago we had an agrarian economy in parts of the world and knowledge was tightly concentrated in tiny oligopolies. People didn’t know about things. There was no sense of progress. Along comes Johannes Gutenberg with his great invention and over time different parts of the society began to acquire knowledge
The printing press gave us access to recorded knowledge. The internet gives us access to data and information and knowledge in new ways, but more importantly to the intelligence contained in the cranium of other people on a global basis.
The digital economy
The term digital economy has been around since the early mid 1990′s. back then, it was true that we underestimated the impact of technology in the long term, and overestimated it in the short term. Now, I think that’s flipped. I think that the pace of change is accelerating so quickly that the tendency, now, is to underestimate the impact in the short term, and companies that do that, do so in there peril.
Reasons for optimism
I’ve never been more optimistic in my life, because everywhere I look, I see the contours of a new set of institutions; new models of the-of the enterprise, and government, democracy, science, healthcare, the university, the schools, our cities
Everywhere governments are experimenting with new models of democracy to try and open up and engage young people, and all around the world, we’re moving into a period of innovation and of-of-of new energy and new opportunity like we’ve never seen before, and I look at all of this activity, and I get a lot of hope that this smaller world our kids inherit will be a better one.
An age of networked intelligence
Sure this is an information age, but it’s more than that. It’s an age of networking of human intelligence. It’s an age of collaboration. It’s an age where people can participate in the con-in the economy, and in society, in ways that were unthinkable, and to me, yes. It’s an age of danger and peril, but fundamentally, it’s-it’s a time of vast opportunity and promise.
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