Exponential = Put a grain of sand in each chess square and add it exponentially, at half the board you need all the sand in the world.
We are talking about a new business model every day. The old day is over, so the experts always say. Why is that?
Table of Contents
Easy to Explore and Collect
We all know how convenient it is to search (not talking about quality here). Search engine like Google has revolutionized the digital economy. Merging with the electronic technology that allows us to collect an enormous amount of data on the Cloud and on-premises, anyone can become an explorer and a collector.
What Happens is Digitalization
In the end, it only means something when we can make something out of this much information. The Digital Revolution accelerates it further, meaning more and more value is created in a digital economy. Shift From Product To Service: Create More Value With Innovation
2 main drivers are
- Individualization of service
- Customization of products as a service
But how do these lead to exponential technologies? Diamandis and Kotler explained this in their book Bold.
- Digitalization
- Deceptive growth
- Disruption
- Dematerialization
- Demonetization
- Democratization of products and services
“The Six Ds are a chain reaction of technological progression, a road map of rapid development that always leads to enormous upheaval and opportunity.”
– Peter Diamandis and Steven Kotler, Bold
Harness the Power
In business, it is a fight to sustain one’s competitive advantage in the arena. So you should be convinced that we have to strategize our value stream to leverage the digital economy and start at ABUNDANCE.
Technology takes something that used to be scarce and makes it abundant.
No Other Ways Really
Besides the fierce competition in the digital market, the trend is diverging and emerging in all directions.
- Climate change
- Nuclear winter fear
- Bioengineered pandemic fear
- Bad artificial intelligence
These unpredictable emerging technologies and a lack of security study make us uncomfortable but only push society into the first-mover-win situation.
Conclusion
No wonder exponential technologies are the hot topics of our daily lives, and they will remain so. The question is, what are you going to do about it: watch it takes its course on the sideline or join us to form it.
You don’t need to be a computer scientist to harness this abundant information, start a project to harness it for a better society!