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.