The 3 themes that will get more and more pronounced now and in the future are:
- time – the next wave of competitive advantage will be/is how we can ensure a production that runs 24/7. For businesses it would mean having say 2 different offices around the world for a seamless/timeless business operation.
- space – a shrinking world means no geographical limitations
- knowledge – availability of information and knowledge virtually unlimited and virtually zero cost
We are fortunate to be in the transition era. We still go to the banks although we perform more internet banking transactions these days. (From a bank’s perspective that’s stretching operation 24/7.) With the internet, we can connect with almost anyone in the world, tapping into an infinite network never available to us before. With this it also facilitates assimilation of knowledge and culture creating a melting pot of collective intelligence
Reflection: how deep or how attached are we to these themes?
58 replies on “Deep fundamentals”
Hi Joseph, how r u doing?
Its definitely going to be an interesting world ahead, and a world much smaller than we think. However, an important point to note is what is the spectrum of personalisation can we achieve. Technology, space n knowledge has enabled us to customise products, reaching to population in other parts of the world, but the challenge is how personal can it get? Its sad that young people now is losing the knowledge to speak face-to-face/in person. Look at kids having drinks in starbucks, they dont talk to each other! everyone just on their computer or iphone.
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Interesting point Chua. Technology which is intended to personalize life has created the unintended effect of impersonalized humans! How paradoxical can that be.
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