Social Networking Sites

A 3-post collection

How Will Social Media Shape How We Communicate and Collaborate?

When human beings came down out of trees they had few advantages over their predators other than they could think more deeply, communicate their thoughts to each other more effectively and run for longer. It was a miracle that we survived long enough to allow us to dominate this planet. But dominate this planet we have and that has been achieved in no small part through communications technologies that develop ideas to improve our productivity which in turn gave us the power to harness our environment for our own benefit. This current change in communications technologies enabling social media is likely to drive changes of a type and magnitude not seen before. I would like to explore some of those...

Creating Value on a Digital Canvass

Building trust in the connected economy will have important economic and moral benefits. This graph maps trust against GDP per capita and is from a 1996 study that asked “generally speaking would you say that most people can be trusted”  (Zac P J 2003 Trust. The Journal of Financial Transformations CAPCO Institute 17-24)   High trust leads to economic co-operation, which leads to prosperity, which enhances trust in a virtuous circle. Low trust leads to low co-operation leading to poverty and further eroding trust – a vicious circle. Distrustful economies in the lower left are in contrast to the successful economies in the top right. We should all be very afraid if the online world is moving us down to the lower...

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Altruism in the Digital Age The distinguishing feature of the digital age is the connection of people and things driven by the ubiquitous nature of the Internet. The Internet is connecting billions of people and trillions of devices so that everything is connected with everything else and that will change how people relate and their relationships. Our Increasing Dependence on Others The changes brought about by the digital economy will increase our dependency on others. The fall of Lehman Brothers caused financial pain out the back of Bourke. Drought in one food bowl now causes food riots on the other side of the world.  The essence of power will change as networks become more important than individual people, companies or...