The Next Big Thing
Posts about next generation technologies and their effect on business.

Megatrends Plus Two

digital speed.pngIn Charlie’s blog on Megatrends, decision evaluation and the future we want, he lists drivers that that will shape our lives in the future and their effect on business decision making: engagement, simplicity, efficiency, flexibility, security, and visibility.  These are most definitely part of the drivers for megatrends, but I would like to add two more: “speed and agility”.

In this context speed is defined as how fast things are moving and agility is defined as how well things are able to move around.  In the cloud world, we are talking about interactions (e.g. social media) on a global basis, with 11 million instant messages, almost 100,000 tweets, and almost 700,000 status updates performed every 60 seconds!

With these types of statistics in mind, let’s focus on the second additional driver first: agility.  In a world that is basically always-on and always connected, the way we are able to move around these moving parts is extremely important.  From an infrastructure perspective, we need to be able to change at an ever increasing pace. 

We see this pace of change not only in some of the “laws”, such as Moore’s law, but also in the amount of change that happens in the Information Technology (IT) space.   As more people use the Internet to access systems and applications, the need for change and up-to-date information and user experience requires a pace of change that seems to be increasing.  This acceleration of pace of change is well captured by an article in the New York Times by Brad Stone a bit over three years ago.

And when talking about the first driver, speed.  For those of us who were around in the late 1990s, the term “Internet time” brings back memories.  Internet time refers to the notion that electronic (or rather digital) transactions can be processed faster than the ones performed in the then traditional enterprises using brick and mortar as the business model, where transactions were processed face-to-face, or over the phone.  This notion of speed of transaction has survived for nearly 20 years now and it now to the point where the youngest generation not only expects all transactions to be processed electronically, but also with lightning speed. 

Just by looking at how games are now played, compared to a decade ago, it is clear that speed and agility are here to stay!

 

Comments
| ‎05-02-2013 09:56 PM

As I think of speed, I align it with efficency -- time is a resource and speed is an aspect of time's efficient use.

 

Agility is similar to flexibility. If you are flexible you are probably agile and vice versa.

 

Do you agree?

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