“The problems that exist in the world today cannot be solved by the level of thinking that created them”. Albert Einstein
I have been writing a series of articles, “Are We on the Edge of Chaos”. The last article dealt with how power is shifting to city governments and their need to change in order to manage the new technology paradigms that are appearing as quickly as every ten years. The most significant new technology paradigm is Artificial Intelligence (AI) — Cloud Computing — Internet of Things (IoT) — and it has caused information to grow at exponential rates. The…
“[Jay] Forrester’s insightful observation that organizational structures and governance need to change in order to meet rapidly changing technologies and social needs is as relevant today as it was in 1965.” Georgianna Bishop, Director Human Resources Development, Environmental Protection Agency 1995
This article discusses a new business model, the Data Utility, and the speed it provides to solve imminent problems such as COVID-19 and environmental sustainability.
Entrepreneurship is the conversion of the abstract to the tangible, from an idea to a product or solution that changes human behavior and thereby creates value. Science has shown that the tangible can…
“Real generosity toward the future lies in giving all to the present,” — Albert Camus
Earlier this year I wrote a Medium article, “Are We On The Edge Of Chaos?”. I concluded the article:
“In my opinion, the edge of chaos signals a phase transition to a world where we recognize the urgency of the environmental problems and prioritize natural systems accordingly. W. Brian Arthur, the noted complexity economist, believes that technologies appear to solve the then-current problems. Perhaps the technology paradigm built around AI has appeared because we humans need more tools to address the environmental and wealth inequality…
People frequently ask me to develop talks, workshops, courses or even a degree. For research, my first reaction is to go to my 14,000+ articles in Evernote. If Evernote fails me, which recently happened, I might search Harvard Business Review, Wikipedia, Stanford Encyclopedia of Philosophy or Investopedia. It recently proved a challenge to find a comprehensive article on “product roadmap”, so I thought I would share my thoughts on the subject.
One of the keys to building a great company is the founder’s vision, what Simon Sinek calls the “why”. The “why” should be wrapped in an inspiring story to…
“It described a view of the world in which society is essentially a gigantic information processor, moving ideas, concepts, and opinions from person to person, like neurons in the brain or nodes in a neural network, firing synapses at each node in the form of decisions and behaviors — what products to buy, who to vote for, or who to date — billions of times per minute, every day. In this analogy, we are the nodes, and the architecture of the information-processing machine we collectively inhabit is the social network.” — Sinan Aral, The Hype Machine
I enjoy thinking about…
· The trade-off between administrative and transaction costs shape an organization and its business model.
· The rebirth of open source software and edge computing strengthens non-hierarchical approaches to problem-solving.
· Partners networked together to solve computing intensive problems is the new alternative to the traditional “monolithic” corporation.
KEYWORDS: Complexity, network, self-organizing, innovation, wealth creation
Adam Smith legitimately claims the title of “father of modern economics” for his book Wealth of Nations written in 1776. This original work led economists to consider three players in an economic system — the individual, the firm and the market. These players created wealth…
Articles on the next technology, what happens after COVID and the best books of the year are all popular topics this yearend holiday season. My book list is at the end of the article, my thoughts on post-COVID economics are here and my latest thoughts on technology follow.
Brian Arthur, one of the developers of complexity economics and a former Stanford Professor, said in his latest book The Nature of Technology that technologies emerge to solve a problem at a particular time. In other words, each technology has a purpose. Over time it is adopted in new domains to solve…
“Global understanding is … based on computational models supported by a knowledge infrastructure…” How to See the World, Nicolas Mirzoeff
The Harvard Business School and the writings and teachings of the faculty have probably done more to develop management theory than any other organization. Three of their core fundamentals are:
1. Always be increasing revenue
2. Always be innovating to find new revenue sources
3. Always be reducing costs
The question to ask is why? What fundamental principle is the foundation for this thinking? From the time of Adam Smith and David Riccardo, economists have taught us that wealth is…
Thomas Kuhn’s seminal work on scientific revolutions made the point through paradigms. Carlotta Perez’s work on industrial revolutions documented the point and W. Brian Arthur fully developed the point in his excellent book, The Nature of Technology: What It Is and How It Evolves. Technology emerges to solve the problems of the times. As Kuhn explained, first a technology is developed to solve a specific problem in one industry and then it is used to solve other problems and in other industries to become a paradigm.
There are two questions that you should be asking yourself as we sit here…
“Cognition, Complexity and Computation”
“A society must assume that it is stable, but the artist must know, and he must let us know, that there is nothing stable under heaven.” James Baldwin
Note: Specific recommendations are in bold throughout the article.
As we settle into the 21st century, society faces two pressing issues:
1. Increasing and unacceptable levels of wealth inequality;
2. Environmental apocalypse
We also have pending two important scientific questions, which have troubled man for over two thousand years:
1. How does consciousness arise?
Director StartUP FIU-commercializing research. Entrepreneurship Professor FIU, Ex IAP Instructor MIT. Ex CFO One Laptop per Child. Built billion dollar company