Wanna know where its at in the Digital Age? Watch this…

Forget what you thought you knew about development and marketing: salespeople OUT; thought leaders IN

Edge:: Reinventing Society In The Wake Of Big Data

Edge.org is one of, if not, THE go-to place for insights from great modern thinkers across a range of subjects. Multi-disciplinary is now, increasingly, the way of things in Academia and in business too. Generalists appear to be in the ascendancy as the limitations of the narrow views of, past, over-specialisation and benefits of recognising the universalities of [non-linear] complex systems have become more apparent through examination using the tools that technological innovation have given us.

I had intended to only include one or two extracts from this conversation but I was so inspired I got carried away! Nevertheless I would urge you to follow the link (below) to read the full text and view the interview. Read more of this post

Are you equipped to satisfy “the fast and the curious”? – CRM Magazine

Image representing iPad as depicted in CrunchBase

Image via CrunchBase

It won’t come as a major surprise that I am thinking, first and foremost, about insurance brokers engaged in “advising” enterprises from SME to Global Corporate! The message is simple…this is not just about competition but SURVIVAL! If you don’t do it someone else will”.

“It is easier to understand that you face competition than obsolescence”

The world has already changed. And it would be dangerously naive to believe that price is and will continue to be the main differentiator in the Corporate decision-making process. So, instead of looking down your nose at Aggregators and dismissing the possibility that valuable lessons can be learnt from the evolution of Personal Lines, you would be well advised to consider the wise words of Alvin Toffler:

“The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn.”

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Complexity: structural engineering for business survival

Trust me, even the smallest business is a complex system! And there is so much more that EVERY business can learn from the rigorous scientific environment than they will ever gain from the “soft skills” of management consultants attempting to re-engineer the conventional hierarchical structure. That parrot is deceased!!!

In modernity it is pointless denying that we aren’t all part of an infinitely complex network of systems and ecosystems. We need to get “fit for randomness”…

  1. To take the “fat tails” of power law systems seriously. Expect change to arrive not gradually, in a way that will allow the organization to adjust in real time, but in sudden discontinuities of great consequence that reshape the business environment, bringing both dangers and opportunities.
  2. To recognise that globalization and decentralization bring risks as well as rewards, and that more is sometimes different — that increased interdependence can create the conditions for “emergent” threats that are traceable to no specific element within the system.
  3. To take note of the human element in efforts to become adaptable, in part by organizing practices to decrease “entrainment of thinking.”

The Institutions that, for generations, enjoyed our trust have been exposed as untrustworthy. The model was created for the, predominantly, linear processes* of the Industrial era. Although the techniques and tools of management have certainly evolved, from what we now know about the nature of systems, our efforts may be misguided and more damaging than we could have known.

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Analysis of 2008 Collapse Shows Economy Networked for Failure

This is an interesting analysis of SOME elements of the growth of inter-connectedness. But if you want to view the big picture in a more easily understood, “user friendly”, format you may want to follow this link (click on the logo) :

Ontonix UK logo

In this White Paper we showcase the crisis anticipation capabilities we, at Ontonix, have developed  and deliver using our unique OnstoSpace technology – by analysing macro data from the US Economy Property for the period period between 2004 and 2007.

Economists have pointed to financial industry entanglement with the entire U.S. economy as a crucial factor in the 2008 collapse, but Bar-Yam’s team drives the point home with new clarity.

In a study, published November 16 on arXiv.org, the researchers used network-mapping tools to analyse the relationships between 500 corporations with the highest stock-trading volume. These were linked to oil prices, bond prices and interest rates.

From this analysis came two striking figures. The first is a map (below) of links between companies in five key economic sectors: technology, oil, other basic materials, finance linked to real estate and other finance. As of 2003, the sectors are relatively distinct, with real estate isolated. By 2008, they’re a tightly linked jumble, with finance at the centre.

Visualization of market linkage change from 2003 to 2008 in technology (blue), oil (dark grey), other basic materials (light grey), finance including real estate (dark green) and other finance (light green).

via Analysis of 2008 Collapse Shows Economy Networked for Failure | Wired Science | Wired.com.