![]() and quantum computing) leading to a new economy that is fueled by data and which produces insights about our activities, their consequences and potential solutions. On the one hand, there’s information technology and its offspring (e.g. Along with technological change, the entire socio-economic system shifted towards a single-minded focus on economic growth and money as the pivotal metric.The next DT may also encompass such a double shift of strongly interrelated technological and societal change. will come to dominate us.įrom a technological perspective, the first DT was mostly about mechanization and the substitution of traditional sources of power (water, animals, humans) by engines of different sorts. will transform humanity and Elon Musk even predicts that A.I. ![]() In The Second Machine Age, Brynjolfsson and McAfee are similarly optimistic, Yuval Harari describes how A.I. Others have also pointed to the fundamental changes that AI will bring about, although their articulation of the coming DT is somewhat different. ![]() Technologically, digitization and AI will thus be at the core of this DT.in the context of smart cities) and as such create the (real-time) dashboards needed to put the abovementioned ideas into practice. With the rise of the sensor-based economy and data analytics, digital technology holds the promise of measuring everything (e.g.internalizing the costs of negative externalities in product prices). the Ex’tax initiative) or to capital, and (consumer) prices of goods and services may come to represent true costs (i.e. More concretely, taxes may shift from labor to consumption and resource usage (e.g.The debate around a broader definition of welfare (instead of steering on GDP alone) is gaining momentum and the same is true for (related) ideas such as doughnut economics or the circular We can already distinguish signs that a new socio-economic system is in the making. As the authors of the original papers argued, the next DT is likely to do away with this single-minded industrial paradigm and make for a broader-minded and more sustainable and egalitarian socio-economic system.As for the foregone DT, this direction was industrial modernity and it was fully focused on increasing productivity and monetary gains. Together, these processes produce (and build on) a shared rule set of best practices, go-to technologies, economic institutions and metrics to measure success. According to Johan Schot and his co-authors, a Deep Transition (DT) can be understood as “a series of connected and sustained fundamental transformations, of a wide range of socio-technical systems in a similar direction”. ![]() This week, we ask what the resulting socio-economic paradigm could look like and what role digital technology can play in all of this. Following the authors who introduced this idea, we argued that a new Deep Transition has been set in motion and this one is supposed to fix the fundamental problems of modernization we experience today: pollution, climate change and (global) inequality. “We looked at the big picture, the ridership at every level,” Mwilambwe said.A few weeks ago, we wrote about the notion that the successive technological revolutions of the last 250 years can also be understood as a single “Deep Transition” towards industrial modernization. In this way, users have a simplified interface where everything is connected, enabling them to see the ‘big picture’ rather than working to gather and analyse separate data streams in isolation. Set your radar to be alert to the big picture: what is going on in local/global economic and related environments? ( Royal Gazette) However, in The Lounger at the Exhibition, published in Chamber’s Journal in 1862, we find: “…it was but a panel from the big picture of life, such a one as you yourself might have traced out during those months spent at the sea-side – a very quiet panel…” In this instance, the big picture refers not to a film, but to a metaphorical painting. Most believe that the term came into use in the early 1900s and is related to film-making. The exact origin of the idiom the big picture is unknown. ![]() The idea is that one should not concentrate on just a small detail, but should consider all aspects of a situation. The big picture is an idiom that means the overall view of a situation or the entire perspective of a situation. ![]()
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