Dec. 26, 2008
Is there a fundamental shift going on? The information age may finally be showing its true power. It allows place shifting, time shifting, and instantaneous communications, alerts, and data, that are having powerful effects on our traditional economic forces that we have only begun to understand. I found the following quote tremendously frightening and exciting at the same time.
Bits Of Destruction
This downturn will be marked in history as the time where many of the business models built in the industrial era finally collapsed as a result of being undermined by the information age. Its creative destruction at work. It’s painful and many jobs will be lost permanently. But let’s also remember that its inevitable and we can’t fight it. Technology and information forces are unstoppable and they will reshape the world as we know it regardless of whether or not we want them to.
