Category: Society and the economy

How has technology development changed the nature of society and the economy?

Forever ten years away

Why do some the technologies always seem to be ten years away? We’re not talking about the science fiction dreaming of faster than light travel or general AI and the singularity. Those ten years apply to technologies that forever seem to be just out of reach, just beyond our current technical capabilities, like nuclear fusion (as opposed to fission) or quantum computing. Researchers make incremental progress and we’re told that (once the technology works) its going to change everything, but despite this incremental progress estimates of when the technology will be commercialised and so available to the public always seem to be in the ballpark of ‘ten years’.

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A new narrative for digital data

We have a new essay published on Deloitte InsightsA new narrative for digital data, a collaboration between the Centre for the Edge, Deloitte Integrity, and the Australian Data Standards Body that picks apart some of the continuing challenges with data privacy. It seems that every week the is a new announcement where the personal information for millions of individuals leaked to some fraudster. Indeed, if data privacy were a country then we would consider it a fail state. This essay compares Western and an Indigenous Australian framings of this problem to argue that our Western obsession with property rights might be the problem, rather than the solution.

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How industries evolve

We have a new essay published in Deloitte Insights, How industries evolve: Interactions, not institutions, drive disruptive change, a collaboration with Damien Crough from prefabAUS. This essay builds on the observation in The real landscape of technology-enabled opportunity. that disruption is typically the result of the accumulation of many minor innovations, rather than being driven by some significant disruptive innovation, by showing how industries evolve when the verbs change (how organisations in the industry interact) rather than the nouns (disruption of the organisations themselves).

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The digital economy

A few weeks ago I had the pleasure of being on the panel for Blockchain and the Digital Economy at ADC’s Leadership Forum. The session outline led with three questions:

  • How has 2020 accelerated the acceptance of the digital economy?
  • Is blockchain fulfilling its promise as the new universal disruptor?
  • How real is the role of cryptocurrencies as the new universal store of value? 

It’s a large topic and an important one, as if we’re to address challenges such as growing inequality then we need to find a way to make the economy work for all of us, rather than just some of us.

Unfortunately, as too often happens, adding blockchain to a topic results in blockchain dominating the discussion with other interesting ideas ignored. Blockchain is quickly positioned as the solution and all other ways of framing (and understanding) the problems we face are ignored. This panel was no different in this regard.

Some of the ideas that would have been relevant in a broader discussion are things that I’ve been exploring for a while. Before the panel I’d pulled together an outline of the argument as to why our future is not “the digital economy”, but something much more interesting, and which creates more opportunity and freedom to act in addressing the challenges we’re facing. Rather than let a good outline go to waste I thought I’d build it out a little and publish it here.

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A moral license for AI

We have a new essay published in Deloitte Insights, A moral license for AI: Ethics as a dialogue between firms and communities. This collaboration with CSIRO’s Data61 looks into the challenge of creating ethical AI, picking apart the problems and proposing a way forward. There’s a launch event on the 2nd of September, 2020, which you can register for via Zoom.

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On bland economic models and the colonial mindset

A team at Harvard has released a new version of the Atlas of Economic Complexity, an index of ‘economic complexity’. Journalists have pounced on the model to make that case—as they often do—that Australia is a second class country run by second rate politicians. The problem is that the model seems rather bland, only proving that Australia is a large country with a small population (and correspondingly small market) a long way from the major markets. We already knew this.

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