Posts Tagged ‘Renaissance 2.0’

Catalyst Technologies and their Global Impact

Thursday, September 20th, 2012

In this third blog we look at the implications of the catalyst technologies we identified in our last blog, and determine why they have become so important. In his book “What Technology Wants” Kevin Kelly identifies that “the ever thickening mix of existing technologies in a society create any supersaturated matrix charged with restless potential”. We have written extensively about the digital world which is the combination of technologies that are shaping our world and digital life which is the effect that these technologies are having on everyday life. Kelly again reinforces our perspective when he says that we as a society are “symbiotic with the technology” and that as fast as we invent technology, we change our behavior and become dependent upon it.

Instant Markets

The current global economic turmoil did not come about by accident, but is in fact a consequence of today’s society being able to instantly communicate and share information. In other words society has changed behaviors and has become increasingly dependent on converged technologies. The use of internet trading platforms, for example, with Twitter users virally sharing the latest snippet of information is compounding the application of sophisticated trading algorithms (flash trading). The fact that the U.S. is now leading the way in the deployment of 4G mobile Internet makes the realities of the 2008/2009 Wall Street collapse pale into insignificance as the next wave of technologies facilitate “anytime, anywhere, anyhow” trading and speculating based on viral information.

Controls Lag

More recently the global LIBOR banking scandal, on top of the Euro crisis, points to the fact that we as an international society are struggling to come to grips with and learn what control mechanisms will work in this volatile and real-time world. Compounding this is the problem that we have not yet come up with a common language to document the necessary global beliefs and values that are required to guide policy regulation, monitoring and correction of this 24/7 digitally trading world.

Inextricable Interdependence

The U.S. has struggled to interpret the current rapidly changing and unpredictable global situation, mainly because it finds it hard to accept the fundamental changes that have been occurring on its own soil. A recent Financial Times article identified that the U.S. is now significantly more interdependent on the global economy than it was 31 years ago, at the outset of the shift to Digital Renaissance 2.0.

At that time, in 1981, the U.S. was a relatively closed and self-sufficient economy as measured in terms of trade of goods (import/exports) as a percentage of the U.S. gross domestic product. U.S trade represented only 21% of GDP and was made up of 10% exports and 11% imports. By 2012 this had grown significantly to approximately 32% of GDP – exports accounted for 14% of this and imports 18% – putting the U.S. on a par with the global average as an open economy.

Consequently the U.S. belief in self-reliance and independence now needs to be replaced with the realization, not only in terms of stock market indices but also as an economic reality, that it is inextricably tied to the Euro crisis, the emergence of the BRIC countries (Brazil, Russia, India and China) and the struggles in Africa.

Collaboration & Knowledge

The original Renaissance in Europe resulted in the disappearance of principalities and kingdoms, and ushered in the emergence of a nation state, which was followed during the industrial age with the emergence of overlapping market states. The question is how will the world evolve and will market states be the future societal organization? There are a number of theories about the organization of society going forward (Philip Bobbitt, David Ronfeldt, are two such theorists and this article compares their position with those of others). Regardless of which theory prevails, it is highly likely that in the world of Digital Renaissance 2.0 networking, collaboration and knowledge will be critical components of its underlying architecture. It also seems probable that global communities, digitally connected and potentially proactive, will coexist alongside and within hierarchical organizations, both in government and also in industry.

Ren 2.0 Man – Techno Artisan Craft Society

Digital Renaissance 2.0 was founded upon four enabling technologies and was exponentially accelerated by the catalyst technologies that released the restless potential of other technologies, such as cloud computing and Web 2.0. Ren 2.0 is now embracing a raft of emerging technologies, like NFC, voice recognition and kinetics, which are giving rise to business models not previously conceived. For instance 3-D printing is enabling designers / entrepreneurs to create new product concepts from digital files more rapidly and cost effectively than ever previously thought possible. Coupling this capability with global internet access and mobile commerce, Ren 2.0 now allows others to market this product concept globally.  Personalized products for the “market of one” are created by transmitting customized product specifications to printers anywhere on the planet and in close proximity to the consumer. To a large degree these hybrid technology and commerce systems facilitate the reincarnation of the craft society that got lost in the industrial age. These techno artisan craftsmen are in many respects the Digital Renaissance 2.0 men/women of the new digital era who are living, working and trading in global communities of trust, practice and purpose.

In prior blogs we have discussed the concept of “digital agents of change” and shown how critical this role has become in today’s digital business world. In some respects we all now need to become digital agents of change for the global society, or to use the words of Mohanda Gandhi “we must be the change we wish to see in the world”.

Steve Bell, President, KeySo Global

www.keysoglobal.com

What Spawned the New Digital Renaissance 2.0?

Saturday, August 25th, 2012

This article is the first of a trilogy in which we share some of the more intriguing aspects we have uncovered about digital technologies and the dynamic impact they are having on our business and personal lives. This first blog examines the unique origins of the new age Renaissance – what we call Digital Renaissance 2.0™ – and its impact on today’s global economy.

Previously, we identified the four “enabling technologies” (cell phone, PC, Internet, Walkman) that rocked the world and pointed out that they all emerged on the scene around the same time – 1981. We also pinpointed 2010 as a “year of convergence” when 3G, 4G and the Cloud all came together. It was only recently, however, that it became apparent to us that 2007 was the year that the “catalyst technologies” facilitated this convergence and, with it, the advent of the new digital age.

My colleague, Steve Benton, and I coined the expression Digital Renaissance 2.0™ (Ren 2.0™) to capture the concept that a fundamental shift is occurring in the way that information is now being accessed and shared. In the original Renaissance era, the enlightenment of Europe occurred due to the introduction of the printing press which led to the democratization of books.

During Ren 2.0™ the Internet has led to the democratization of information, now freely available to everyone – anywhere, anyhow and anytime – and as a result, the collective knowledge held by society is expanding exponentially, both actively and passively. The Internet has enabled information to become much more “transparent” as silos of data are shared between continents, countries and corporations, and on a significantly broader basis. This in turn has facilitated the global cross-pollination of ideas and concepts on a scale never seen before.

The four enabling technologies referred to above evolved rapidly and converged to facilitate the emergence of the Mobile Internet age. In our paper “Introduction to Digital Life Renaissance” (contact us to obtain a copy) we determine that this change is occurring at an unprecedented pace and show how it is touching all aspects of society, as well as governments and global economies.

The magnitude of these digital world changes in economic terms is captured in a chart we compiled that shows the global economy growing from less than $10 trillion in 1981 and accelerating to over $60 trillion by 2010. In a recent blog article in the Economist it was identified that between May 2011 and 2012 the global economy generated $65 trillion of trade (GDP), and that by September 2013 it will add a further $10 trillion to achieve a global GDP of $75 trillion.

The case can be made that global saturation of cellular and expanding penetration of mobile broadband access are primarily responsible for this rapid, worldwide distribution of information, which in turn is fueling economic growth at an unprecedented rate. Concurrently, this transformation is impacting the lives of individuals in developing and developed countries, and their awareness and expectations are growing as they become more exposed to vast amounts of new, previously inaccessible, information. As human behavioral patterns and methods of interaction change, so do their needs and requirements, which in turn are generating an abundance of new business and service opportunities.

It is our belief that the reinforcing cycle of continued innovation, based on the application of new digital technologies, is facilitating an increasingly interconnected planet which will, in turn, strengthen economic growth and favorably impact our digital lives.

Look out for our next two blogs in this series and find out exactly what the “catalyst technologies” are, what their significance is today and the powerful impact that they are going to have on our business and personal lives going forward.

Steve Bell, President, KeySo Global

www.keysoglobal.com

Do you have the skills needed to be a Digital Life Facilitator?

Wednesday, December 22nd, 2010

Digital Life refers to the new age of technology we currently live in and will live in for the foreseeable future. The democratization of information brought about by advancing technologies and their convergence with the Internet has created a new Renaissance age, or “Renaissance 2.0”, and with it a whole new set of opportunities for communities (both inside and outside of business) to come together to accomplish specific goals.

With the advent of these communities a brand new role has developed – that of Digital Life Facilitator. The basic skills and talents required of a traditional facilitator are the same – the ability to stimulate discussion and to guide and nurture diverse views to understanding and consensus – but the tools and approach of the Digital Life Facilitator are vastly different.

Where traditional facilitators thrive in real-world face time interactions with a group (or groups) of disparate individuals who gather to discuss, debate and explore a given set of topics, the Digital Life Facilitator has to extend this interaction into the Digital Life world.

A Digital Life Facilitator has to be a multi-tasker! Critical to their role is the ability to keep abreast of social networks, micro-blogs, blogs, discussion boards, group instant messaging, web and video conferencing, and many other channels of communication and social media. It is essential for someone in this position to reach all participants – contributors, debaters and listeners alike – while concurrently keeping interaction and discussion moving at an engaging pace and on target.

An enhanced set of human skills, as well as a talent for seeing beneath the surface of a community’s responses and contributions, is required for the Digital Life Facilitator to intuitively sense the intent of all participants. In addition, being able to monitor and modulate their levels of engagement is crucial to encouraging their contributions towards a successful outcome. Finally, capturing, nurturing and leveraging spin-off ideas and threads into incremental community critical projects will ensure a facilitator’s success in this new Digital Life.

Steve Benton
Principal Consultant