The digital revolution

The digital revolution!!

The internet and associated technologies are particularly special in the way people live, work and communicate, and what impact will these far-reaching changes have on our lives.

What kind of governments do people need during the 21st century?  Or what kind of management systems do people want in the new millennium?

Perhaps, this question was among the most fundamental questions and this is the right time to ask it. But that is not only because we are on the verge of a special history in the calendar, a remarkable history, as observed on New Year's Eve, but also because we are living through one of the most exciting periods of change in history.

Indeed, everything we do in our daily lives, in our work and in all aspects of the structures of our management systems is now or will soon undergo a fundamental transformation. This transformation is called the digital revolution.

Internet-connected technologies, in which the Internet is the most publicly observed form, are now turning the world upside down.

As work networks are increasingly entrenched, these techniques are reshaping the way people live, communicate and work. The same technical changes that are currently changing the world of business and civil society will also give a special character to the way management systems and the nature of public life themselves are carried out. In its continuing communication, the digital revolution will reshape distinct but still interrelated relationships between people.

To understand why and how our management systems institutions will be affected so deeply, it is useful to first examine the enormous impact of the digital economy on business.

The internet-based technology spawns new businesses that announce the death of the Industrial Age Company.

Years ago, economist Ronaldkos asked a smart question: Why is there a company? In a rational world, based on traditional economic theory, why don't workers, suppliers and customers wake up every morning buying goods from the market and making deals?

Why are these huge infrastructures and fixed factories when in an ideal world or at least in a theoretical world, supply and demand laws will dictate pricing, and before breakfast cools, we see the world clearly visible as it should be?!

Kos's answer was intuitive and consistent with nature, the economy was very complex, and more importantly, the cost of concluding all those arrangements was much higher in terms of both time and money than dealing with anything other than a highly regulated semi-permanent structure called the company.

But if we move quickly to this day, some of those barriers that prevented much more flexible arrangements between suppliers, infrastructure partners and even work are now brains, not muscle strength.

The advantage of Internet-managed communications is that the cost of transactions for such activity drops to almost zero when the range and speed of communication technologies increase dramatic, and when tools become stronger.

E-commerce is only the tip of the iceberg, as the new economy revolves around a much deeper phenomenon that is remaking business rules.

Multiple key trends are now showing, whose brief descriptions can be useful when we think about future changes in management systems, including:

1- Companies are widely transformed to undergo thorough scrutiny and extensive reform.

2- The market learns how to exercise power as the market becomes more and more stringent.

3- Business projects where these projects move at tremendous speed.

4- Knowledge is the main asset so that economic activity based on the extraction and transfer of scarce resources gives way to an economy of abundance, abundance of information and means of communication. The impact of knowledge through innovation becomes crucial.

5- Transparency and openness: they become key enableers in the market.

The digital age is a time of unprecedented major destabilizing transformations.

With the collapse of old structures and the erosion of existing laws and customs, others replace them, and if the electronic work teaches us something, the digital age abhors emptiness, the structure of the industrial age, in which the world of public life had three main areas: government, the market and civil society, is now undergoing a fundamental transformation with the control of technology.

Thus, the Internet becomes an outlet for new forms of interaction with citizens that allow participation. In the digital age, citizens are shifting from mere consumers to a situation where they become active partners in the management process.

"In the years to come, we think there will be a huge, large-scale model of management systems," says Don Tascott.

However, there is much to be optimistic about, as new technologies and changes arising from their broad application will give 21st-century management systems the opportunity not only to work better, but also, more importantly, to involve citizens in management.

We should not ignore the dangers either, as serious issues remain unresolved, and around the world people are rightly concerned about the ability of new technologies to undermine their privacy.

In conclusion, we have access to revitalized management systems to keep pace with the digital age and when partners, citizens and the private sector redefine and re-engage in their roles, the result will be better management systems.