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Likewise, the same suggestion is also applied to the board members to understand the principles of such A Triple Revolution and how to assure executives embed them into the fabric of organizations, harnessing their digital future. It doesn’t make sense for executives to exclusively delegate this to their CIOs (Chief Information Officers) or CTOs (Chief Technology Officers). Further, they said that such a Triple Revolution affects every part of the economy. They can “rethink the integration of minds and machines, of products and platforms, and the core and the crowd,” as they write in the book A Triple Revolution.
According to them, business leaders and executives need to understand key concepts about technology and economics to master and scale the next digital-driven transformation. MIT (Massachusetts Institute of Technology) IDE Director Erik Brynjolfsson and Co-director Andrew McAfee offer answers in their latest book, Harnessing Our Digital Future, Machines, Platform, Crowd (June, W.W. How are these seemingly disparate technologies interrelated? And most importantly, how can business and corporate leaders make these far-reaching concepts work for their business model.? There is no day without technology-related news around us, including the use of automation, robotic advancement, start-ups initiative, blockchain technologies, cryptocurrencies, smart contracts, quantum computing, artificial intelligence, virtual reality, and societal dynamics – through social media. Whilst technology shifting tremendously in the last decade, which has impacted and redefined industries’ environment, ecosystem, jobs, and even daily life, some questions remain whether such shifting would lead to a new uncertainty and whether the effect of such uncertainties brings us opportunities or threats?.
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