Hyperconnected technologies change how companies do business and create value, by gathering more precise insights for better decision-making. In the era of hyperconnected business, we have an unprecedented amount of data available. This means that we are able to coordinate resources and produce value in new ways.
Limited liability corporation has been a successful business structure that has many strengths. Now we have an economic system where a single platform is needed to manage trust-relations in the entire sector – think Airbnb or even Hotels.com for the hotel business. Companies affect to our democratic systems and dictate common person’s access to media. Can they longer exist as companies with only limited liabilities?
Have you lately seen a business presentation that hasn’t mentioned Uber, Airbnb or Facebook?
Technology is developed simultaneously in different contexts, including virtual reality, artificial intelligence, robotisation, nanomaterials, and energy technology. All these developments have potentially significant social consequences, as digital platforms displace traditional companies, computers displace humans, and new devices displace traditional channels of communication.
Mark Zuckerberg is sorry. Facebook’s Cambridge Analytica scandal revealed tech’s biggest challenge: trust. Trust is known as a cornerstone of the Nordic welfare state. The levels of trust towards each other, politicians and government are higher in the Nordic countries than anywhere else.
he Nordic Digital Promise is a publication that creates a vision for a hyperconnected utopia by building on Nordic strengths: trust, efficiency, equality and respect. It presents four theses on hyperconnected society related to future of R&D funding, platform economy, corporations and value creation. The Nordic promise of a hyperconnected society In a hyperconnected society, human beings, machines, and their surroundings are connected by trillions of tiny sensors. You may have heard about this fast-developing phenomenon under a different name, such as the Internet of Things, Connected Devices or Programmable […]
Where is the ever-faster technological change taking our society? Mark Zuckerberg is sorry. Recently, Facebook’s Cambridge Analytica scandal revealed tech’s biggest challenge: trust. Trust is known as a cornerstone of the Nordic welfare state. The levels of trust towards each other, politicians and government are higher in the Nordic countries than anywhere else. How to build trust is a more acute question than ever before as human beings, machines, and their surroundings are connected by trillions of tiny sensors. How much power over our lives are we handing over to […]
Text: Miapetra Kumpula-Natri, Member of European Parliament It’s hard to imagine that the words ”public sector” could carry a more negative connotation than they do in today’s political narrative concerning innovations or disruptive innovations. Public sector or the state is considered to be bureaucratic, (too) big, slow, cumbersome and an overall hindrance to agile and free flowing innovation. Of course, any serious attempt in innovation, industry, science or economic policy-making has to look beyond such caricatures. The public sector is and has been a key instrument in developing and bringing […]
Public decision-making has an important role also in creating new technologies and innovations. It should not limit or slow technological development but instead try and make sure that it leads to the solutions that are beneficial to society. That can mean implementing the perspective of vision-driven development into industrial and innovation policies. We listed three reasons why public sector has an important role in technological development: 1. Technology is not developed separately from other societal contexts. The political decisions and social investments affect the direction for technological development. Hence the […]
‘The good news is we are sitting on a complete revolution of technology that allows us to move in a sustainable direction. That’s a matter of choice though… We have to decide on planetary scale, we’re going for a sustainable, green, inclusive economy.’ (Sachs, 2014) Technological development is happening simultaneously in different contexts: virtual reality, artificial intelligence, robotization, nano-materials, energy-technology and so on. All these developments have significant societal consequences. Digital platforms are displacing traditional companies, computers humans; devices traditional communication and so on. It’s not easy to imagine and […]