A great story about the shift of power, from central feudal systems to the enlightenment; a revolution that made us citizens and not objects. However in the age of networks/connection and AI we are moving into the age of “enmeshment” and risking to become objects again. This threatening evolution is very well elaborated in the book. Also the author indicates how to make the best of this revolution i.e. by becoming better citizens (not depend too much on by definition incompetent leaders for this new age, by capabilities or by objectives) and let humanity (not technology) drive. This is compelling, but the author remains very vague on how to achieve this, apart from the observation that we have to develop a “seventh sense” for the new reality. Notwithstanding for me a clear well documented wake-up call worth reading and applying.
As Philip Vyt argues in this TEDx video, innovation is treated too much as an event business, as mere entertainment, failing to generate sustainable results. Instead organizations should strive to institutionalize innovation and make it continuous, commensurate with their capabilities and environment.
I truly sympathize with his observations and recommendations and hence would like to share them through this blog. I encourage you to watch this short video and act upon it.
My rating: 4 of 5 stars
A great story about the financial crisis of 2008 that should never have taken place according to leading economists and policy makers at that time. In essence a story about human hubris believing that complexity and uncertainty can be managed through human created decision models. The author also describes the root causes of the crisis and in summary one could argue that the Central Banks turned off the alarm system without addressing the real fire i.e. debt overhang. Even worse, it is clear that the debt crisis which was created is cured by another debt crisis (ref. Draghi’s et al programmed for ultra-loose monetary policies). So the debt overhang remains and if not tackled with alternative policy measures will give rise to secular stagnation (no growth) for decades. Therefore it is good to read in the book which alternative paths could be explored. So positive to learn that there are ways out of this economic misery. Hopefully policy makers start considering them.
I recommend this book to everyone who wants to have a balanced view on the financial crisis of 2008 as well as the way out. At the end it will help you to better judge current policy from a societal standpoint as well as from a personal investor’s standpoint.
As Y/E approaches there is an inflation of reports and analyses describing and predicting future trends. I liked this particular one from “futureagenda” as being a good summary of what these days is talked about and in fact mainstream.
In the below slides I have summarised which are to me the main ideas (philosophies) being put forward by Luciano Floridi in his book “The 4th Revolution – How the infosphere is reshaping human reality”. A book putting the informational transition into perspective and containing a wealth of information, a must read.
A recent blog from Frank Diana highlights very well the powerful impact of connecting the dots or combinatorial thinking and exploring the power of intersections.
We concur with the views expressed and would like to add that the Itonics platform can be very instrumental in this approach. For more info on how to connect the dots with technology , look at our blog “Blinded by Trends” .
Reference to an Interesting blog, but especially graphic from Tanmay Vora @ http://linkis.com/qaspire.com/2015/11/Hpctv.
Another interesting view on shifting societal mindset by Isabella Mader & Wolfgang Müller. Read more.
Are you also having the feeling to be bombarded by trends insights reports, studies and gurus. Can’t you see the wood for the trees anymore. Are you having trouble to distill the most relevant trends of today, tomorrow and longer term. Do you fear to have a too short term focus or a “me too” experience. Are you getting a kind of trends fatigueness and failing to stay alert.
As to us there is no alternative for looking ahead into the future and to spot trends in a timely fashion in view of creating future opportunities. However the abundance of information can effectively “blind you”, ie information overload and lack of structured tools to analyse and deal with them Accordingly we recommend the use of digital tools like Trend Radar from Itonics.
More info on Itonics.
At IAMOT 2015 a research paper was presented by Louis Bouwer entitled “Conceptual framework to manage the innovation ecosystem”.
The identified problem is that at least 50% to 60% of corporations are still very unsuccessful with the implementation of innovation management within their organizations for various possible reasons: many are still in the infancy stage of their implementation effort; they underestimated the complexity and scope; or there exists a knowledge gap.
Therefore, the research’s primary aim was to develop a theory that can guide corporations with the management of innovation and increase the level of success with innovation output, competitive advantage, growth and the generation of wealth for employees, shareholders and all other stakeholders.
On top of this the study sheds an interesting light on motivational drivers and challenges for strategic innovation.