Tuesday, 3 November 2015

A framework for thinking about the success of Digital Economies

As promised in a previous post about information symmetry, I’ve now completed my first-draft framework for assessing the success of digital economies. 



Digital education was quite a tough ask as it’s a broad ranging subject. I think it condenses into three topics, though:
  • Higher education, because we’re in an age of discovery and people need to be both intellectually inquisitive and able to learn. My view is that a properly thought out higher education system which emphasises self-study is fundamental to the success of nations. I have major issues with the idea that those who wish to learn should have to pay for that learning excessively as it encourages competition based on perceived rather than real outcomes (why go to a college where it’s harder to get a good grade?)… but I accept that I’m a throwback in this regard and that commercial undergraduate education is here to stay. I don’t care about what subjects are being studied either – it’s simplistic to suggest that STEM topics are more valuable than traditional arts. The Digital Economy is a human-centric one.
  • Creative generalism, since the real skill of this age is being able to look at problems from an objective perspective and then assemble and arrange the right skills to solve it. Hyper-specialism is short-termist as inevitably in the connected global economy specialist skills become commoditised. A culture of collaboration is for life.
  • Digital business practices, which emphasise validated learning and collaboration above MBA-school processes and hierarchy. By ‘business practices’ I include all sectors equally.


So there’s a structure. Now I need to assemble some proper measures. No rest for the wicked.

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