We are now sixteen years into the new millennium and we have had internet and a global standard for mobile telephony for a quarter of a century. The new millennium marks in many ways the transition from the age of industrialization to a new paradigm, which we call The Networked Society. Now, with some distance,... Continue Reading →
Tales of transforming cities
The fifth report in our Future of Commerce and Consumption report series, The Tale of Two Transforming Cities, depicts two cities that are redefining themselves through ICT and entrepreneurship. In the research for these reports, we visited two iconic American cities, Detroit and San Francisco: Detroit once famous for its motor industry, now more known for all its... Continue Reading →
The new world of consumers
I recently read a review in the Guardian about Frank Trentmann’s 1.5 kg book “How We Became a World of Consumers, from the Fifteenth Century to the Twenty-First”, that is spot on a subject we are working hard on right now. I’ve bought an e-book version already, but – like an old-fashioned consumer – I feel a... Continue Reading →
The consumer is dead. Long live the user!
The essence of industrialization was to automate the production of things, which in turn brought about the industrialization of people, changing work and workplaces. People went from producing their own food at the countryside to producing stuff in the factories, for the stores in the cities. And so the modern consumer was born. But times are... Continue Reading →
Platforms in the Networked Society – economics and scale
oday most business offerings consist of a product or service that a company creates and then delivers to customers. This is the traditional way – produce and deliver. The platform model is fundamentally different, serving as the technological base upon which customers, developers, businesses and their partners can build added value through increased participation. Wherever... Continue Reading →
Digitalization – when the most valuable assets become digital
Digitalization is happening in all areas of life and business; I guess most of you have noticed that. Physical products are either becoming digital services or are significantly enhanced with new digital service capabilities. What’s also happening right now is that business practices are becoming digitized to become faster, more relevant and more cost-efficient. An... Continue Reading →
Capabilities of the Networked Society – available and on-demand
This is my fifth post in a series about mastering the six new assets in the Networked Society. I started with a review of the assets that played a central role when the industrialization started a few hundred years ago, such as capital, factories, and raw material – investment intense, concreate and very physical assets... Continue Reading →
Things in the Networked Society – connected and intelligent
Anything that can benefit from a connection will have one in the Networked Society. About seven years ago, our former CEO Carl-Henric Svanberg stated that there would be 50 billion connected devices by 2020. That was mind-blowing at that time. What would all these devices do? Since then, a lot has happened, and we have... Continue Reading →
Users in the Networked Society – participating and active
Regardless of what industry you work in, the transformation we are in right now is going to hit you, in some industries sooner than others. But irrespective of industry, there are a set of assets that will be common building blocks for the future of business in the Networked Society. The first asset is the... Continue Reading →
Mastering the six new building blocks for business in the Networked Society
When our ancestors exchanged farm life in favor of factory life in the shift from an agricultural world to an industrial world, life changed fundamentally for hundreds of millions of people. The very basic logic of life shifted for this new working class, with new concepts such as defined working hours, indoor work and a... Continue Reading →