We published the presentation “Wisdom Networks crowd create the Network Society” on slideshare. We have, finally, a good presentation that may communicate the concept of Wisdom Networks and enabling the Network Society. We will be releasing smaller presentations on other applications of Wisdom Networks.…
Internet of Everything: It’s the Connections that Matter #IoE [Infographic]
by Dave Evans, Chief Futurist, Innovations Practice, Internet Business Solutions Group, Cisco, November 29, 2012
“It is important to understand that the real value of the Internet of Everything (IoE) lies in both the number and value of connections.”
“With this in mind, Cisco is currently determining the value that comes from a more connected economy.…
Article: ‘Internet of Everything’ to generate $14.4 trillion in value through 2020, predicts Cisco, Enterprises must transform to tap into business opportunities, February 25, 2013 | By Fred Donovan
“Cisco (Nasdaq: CSCO) predicts the “Internet of Everything” will generate $14.4 trillion in value through 2020, creating a significant business opportunity over the next decade.”
“Businesses must transform themselves to take advantage of the potential profits and cost savings from the Internet of Everything, which is the interconnection of people, processes, machines and objects, Cisco said in a new report.”
The main factors driving this development are $2.5 trillion from reduced costs through asset utilization, $2.5 trillion in improved employee productivity, $2.7 trillion for eliminated waste in supply chain and logistics, $3.7 trillion in improved customer experience and $3 trillion in reduced time-to-market through innovation.…
Draft made available to invite comments. Final published within 48 hours.
Tim Berners-Lee current trip to Australia and my recent interaction with the Open Data Institute prompted some thought about Open Data. To derive economic benefit, data needs to be available by URL, tagged, linked and shared community-wide by the individuals and organisations that have an interest in it.…
The purpose of this article is to discuss the 6 stages to achieve Wisdom. These stages apply universally to economic development, organisation structure and information technology given a wisdom network is (probably) the next stage in the evolution of these previously separate outcomes. Management technology, information technology and global governance are all moving toward the cloud. While intuitive that everything moves to the cloud, the means and method by which it can be achieved has not been identified.
For decades, enterprise software has been designed to support business processes. These business processes were defined by the organisation. The organisation’s management model was based on the Web 1.0 proprietary hierarchy. As we have described many times before, the world is in transition from Web 1.0 proprietary hierarchies to Web 3.0 open networks.…
I have just published a new presentation at Slideshare titled “MANAGEMENT 3.0: An open source software update to digital, community ecosystems (from analogue, proprietary hierarchies) across organisation, industry, national and global endeavours“. I have also establish the Management 3.0 group to provide an example of organisational sub-groups.…
My recent entry in the Beyond Bureaucracy Challenge
Part 2 of the McKinsey HBR M-Prize is called the The Beyond Bureaucracy Challenge. I have lodged a entry The Management 3.0 “Central Brain” platform enables integrated Digital Ecosystems spanning organisations, industry, national and global endeavours.…
Quick summary of Economic Development 4.0 (The Economic Development 4.0 presentation is embedded at the end of this post)
Economic Development 4.0 is how the world works after applying Web 3.0 (or Facebook) networks to social, industrial and political endeavours
Web 3.0 person to person networks overcome the design limitations of Web 1.0 hierarchies to deliver global transparency, meritocracy, productivity, accessibility and better decision making
We can create the Web 3.0 networks on the Critical Path to Economic Development 4.0 in 90 days.…
Your TED presentation on prioritising the solutions to global priorities was insightful. Innovation is incremental and I wanted to offer Web 3.0 networks as a structure that overcomes the design limitations of Web 1.0 to deliver a more effective means to prioritise and implement solutions to the many problems confronting our world.…
This is my second application in the M-Prize competition. The first was for Equity Market 3.0. My Economic Development 4.0 M-Prize application can be reviewed here.
In the first leg of the Harvard Business Review-McKinsey M-Prize for Management Innovation, we’re inviting management innovators from around the world, in every realm of endeavor to share the most progressive practices and disruptive ideas that illustrate how the governing principles and tools of the Web can make our organizations more adaptable, innovative, inspiring, and accountable.…
I read with interest about the objective of Google.org below:
“Google.org projects are created for the purpose of addressing a social challenge and serving the public good. Our goal is to find engineering solutions to global challenges such as climate change, clean energy and global health.…
Dear Sir Branson
I read with interest about your initiative to Change the face of banking. There is also an enormous opportunity in re-casting the equity market, or investment banking industry, by applying social networking concepts to recast service delivery through the internet.…
TED is an inspiration. The journey of an entrepreneur is lonely and TED has provided inspiration, energy and a feeling that I was not alone. I have derived much from the TED community and I would like to share four ideas with the TED community – Equity Market 3.0, Economic Development 4.0, the Critical Path and UNITED (International Governance 4.0) (to deliver “Ideas worth creating”).…
We need to build the Web 3.0 online social, industry and political networks on the critical path to Web 4.0 and pull in the next stage of financial markets, economic development, environmental sustainability, awareness, life, work and global governance. We need five online networks to solve the worlds problems by 2012 or we decline into conflict for generations. A global community could transform the world in 365 days by building the Web 3.0 online networks on the critical path to Web 4.0.
Regulated capitalism is the last man standing. We have no choice but to make it work. We must, however, acknowledge that regulated capitalism has failed its citizens comprehensively. The failure of regulated capitalism is equal to the collapse of central planning. The communists recognised their system had failed and chose to implement something else. Will capitalists do the same? Or will we try to save the status quo at any price? Will bailouts move on to other "too big too let fail" activities that prevent the operation of creative destruction?
I just lodged five applications to the Knight Foundation's News Challenge. My applications can be reviewed here. An overview of the Knight Foundation is provided below. A summary of my applications are available below.
Web 1.0 delivered the internet and connected large numbers of people. Web 2.0 demonstrated the technology to assemble and manage large global crowds with a common interest in social interaction. Web 3.0 will apply online network concepts to industry, economic development, climate stability, poverty and democracy. Web 3.0 online networks allow people to see through the community or market and facilitate collective matching, learning and consumption in hours (not months). Web 4.0 achieves a critical mass of participation in online networks that deliver global transparency, governance, distribution, participation, collaboration in key industry, political, social and other community endeavours. Web 4.0 delivers community sovereignty to channels and information.
Rightscale and Amazon Web Services now offers essential features not previously available - automatic scaling , Manager for MySQL and Persistent Storage. The Amazon Web Services platform empowered the entrepreneur, but advanced technical skills were still required to solve storage and scalability issues to create a truly scalable application. These latest developments are critical building blocks of transformative online networks and bring the power direct to the entrepreneur. This power is available by using the Rightscale dashboard/service. They charge USD2,500 to setup your server and USD500 per month to use the dashboard. This is a fraction of the cost of a comparable web hosting configuration five years ago, assuming a comparable web hosting configuration could be built. Competitive advantage can no longer be derived from the prohibitive cost of web hosting or ability to scale a web application. Unlimited storage and global scalability is now available to the entrepreneur (that is a hacker).
The era of online networks which manage information of no value is ending. The era of online networks that manage valuable information and reshape industry is beginning. The foundation for online networks has been building for decades. The most recent milestone may have been 90% broadband penetration rates in the major economies. The next generation of online social, industry and political networks will deliver unprecedented transparency, liquidity and accessibility in all aspects of society.
The 2009 demographic depression will be exacerbated by a food and energy crisis, the decline of the USD dollar in value, the decline of the USD as the world's reserve currency, a global credit crisis, the world's central banks pursuing inconsistent policies, competing interests in the Middle East and other challenges now confront the world at a singular point.
There is an opportunity for a Linux style online community to coordinate the individual contribution of scientists, government, corporations, philanthropists and the community to pursue/deliver climate stability. Virginearth.com would be an ideal forum for this initiative. Richard Branson and Al Gore could inspire an global online community and encourage government and corporations to contribute essential intellectual property to a solution and deliver climate stability.
The primary ego on the world stage today is the US - its excessive consumption, insolvency, military aggression and use of 60% of the world's savings make it the world's most gluttonous consumer. Its military acquisition of the worlds resources may be the greatest strategic move in history. It provides resources to pay back unserviceable debts and leverage other countries on the global stage. However, the destruction of relationships in the process will crowd out an opportunity to deliver a sustainable future for the planet. Unrelenting ego by the US may win the resource wars, but the destruction of global relationships in the process sacrifice the opportunity for a sustainable future. An online network may not save the world, but could a collective conscious network.
We need to deploy five online political, industrial and social networks to avert disaster by 2012. Existing structures that rely on proprietary ownership of information, distribution channels, institutions and regional approaches are unable to solve our most pressing problems. Even if they could solve the problems, they are simply unable to coordinate a global endeavour in a rapidly closing timeframe. I had previously written that online networks could be delayed for up to 50 years by three epic battles. In some aspects of our global community, we can wait 50 years (and there is only an opportunity cost). However, for some specific problems, online networks need to be built, acquire a significant audience, and achieve their objective by 2012.
Online networks which embody every facet of industrial, social and politcal aspects of our modern society are inevitable. They simply offer a superior way to interact and transact. The transition to a global community based around online networks will take six months, sixteen years or fifty years. The timeframe will depend upon the outcome of three epic battles. The battles are economic development vs geostrategy, community knowledge vs intellectual property, and online networks vs closed systems. Online industrial, political and social networks which are involved in these battles could be delayed for decades.
Information technologies which capture, store, process or transmit information double in performance or halve in cost every 18 months. Moore's law has been working patiently for 40 years. In an information economy, this should have had a dramatic effect. However, political, industrial and social structures largely remain the same. Advances in technology have not changed the fundamentally way that our society or economy has operated. The right information in the right place at the right time will transform the world. This transformation will only start now. This article will discuss why such a process should only begin now and what role information is likely to have.
Open source communities have developed a critical mass of tools and are beginning to morph into the development of solutions. Amazon's elastic cloud is a critical building block that will support the next wave of economic development. Moore's law has been improving information technology at a rapid rate for more than 40 years. In isolation, each technology advance represents a rapid advance in a technology area. The combination of these technologies can now deliver a paradigm shift which presents new opportunities for economic development. This article is focussed on how elastic clouds and open source communities can provide virtual building blocks for business and social entrepreneurs building tomorrows disruptive structures.
Amazon web services are pioneering essential building blocks for economic development. These blocks will provide a foundation for the next phase of online networks which will pioneer new structures. They reduce processing power and information storage to basic utilities, just like telephone, gas and electric supply. The storage service (S3) and web hosting service (EC2) cost less than 50% of traditional approaches and are more flexible and simpler to use.
Hackers can design their online network at home and simply drag and drop it onto the Amazon cloud. The conventional approach would require a large number of employees or consultants to deliver equivalent functionality. Ofcourse, a significant amount of time was required to raise capital from investors to pay for it. Today, a hacker can create an application on the (free) Linux desktop and an open source development platform. A major ebusiness could be built by a hacker with less than US25k in external development. If you are not a hacker, then you will need to raise some serious capital because you will need significant support to navigate unfamiliar ground and achieve your outcomes.
What if we did have cars that cost $25 and got 1,000 miles to the gallon? What if the Moore law rates of innovation and improvement could be applied to the world's problems. What if Moore's law rates of improvement applied to aircraft engines, car engines, carbon dioxide emissions, industrial pollution, cures for disease, energy and minerals usage, education and leadership. Our world is evolving. Advances in technology present new ways to organise. Online networks are likely to be a step forwards. An expansion of intellectual property laws is likely to be a step backwards. If there was a new way to deliver greater rates of innovation, we have a compelling need to solve specific global problems. We need to question that our underlying assumptions of how to organise.
The objectives of open source will change over time. As open source evolves and proves its capability, it will move beyond technology, beyond specific industries, to all other aspects of our society. This has been suggested in the past. However, existing organisations are not sufficiently motivated to apply advances in technology to promote development. Business, social and political entrepreneurs that establish online networks are likely to be the primary force for change.
This article outlines the first four stages of the development of online networks and the .Net boom. The objective of the online network in each stage is identified.