Mittwoch, 31. August 2016
Dienstag, 30. August 2016
Montag, 29. August 2016
Sonntag, 28. August 2016
Samstag, 27. August 2016
Freitag, 26. August 2016
Donnerstag, 25. August 2016
Perfect markets
The model of a perfect market (cf. http://www.economicsonline.co.uk/Business_economics/Perfect_competition.html) is one of the most important in economics.
With digitalization this model can become real for more real markets, as more of them get closer to the model assumptions.
This should make economists happy?
With digitalization this model can become real for more real markets, as more of them get closer to the model assumptions.
This should make economists happy?
Mittwoch, 24. August 2016
Dienstag, 23. August 2016
Montag, 22. August 2016
What digitized learning could mean for the future of education.
focus
Connected education
August 2016 • Issue 37 • What digitized learning could mean for the future of education.https://newsroom.cisco.com/
Used with the permission of http://thenetwork.cisco.com/.
Sonntag, 21. August 2016
Montag, 15. August 2016
A short history of digitalization: Project Cybersyn
Wikipedia contributors, "Project Cybersyn," Wikipedia, The Free Encyclopedia, https://en.wikipedia.org/w/index.php?title=Project_Cybersyn&oldid=730164863 (accessed August 15, 2016):
"Project Cybersyn was a Chilean project from 1971–1973 during the presidency of Salvador Allende aimed at constructing a distributed decision support system to aid in the management of the national economy. The project consisted of four modules: an economic simulator, custom software to check factory performance, an operations room, and a national network of telex machines that were linked to one mainframe computer."
Eden Medina, "Designing Freedom, Regulating a Nation: Socialist Cybernetics in Allende's Chile." Journal of Latin American Studies 38 (2006):571-606.
http://www.informatics.indiana.edu/edenm/EdenMedinaJLASAugust2006.pdf
Freitag, 12. August 2016
Digitalization
Digitization is the technical process of converting analog media into digital files and the first step to digitalization.
The advantages of digital files (or streams) are the reduced amount of physical storage space and less bandwith need for transmission as compressing technologies can be applied to them.
The real strength is converting those raw files into more meaningful files. A good example here is scanning of documents. The result from digitization is only a picture made of pixels (bitmap) with no other additional information, only storage and transmission are possible.
By analyzing such a raw file and identifying characters, converting the raw picture file into a text document allows editing the text compromised of characters from a defined character set. This process is known a Optical Character Recognition (OCR) and used for banking transactions for many decades.
This concept can be generalized to identify objects like persons in the raw picture file. Google or Facebook have such technologies. It is the second step within digitization.
Already the first step has the potential to change industries, just think of the photographic industry which has changed to a nearly 100% digital industry within the last 15 years.
Looking at the history of digitalization those two steps can be traced back quite a long time, the big push in recent years came from the availability of mobile connected devices like smartphones. More precise the introduction of the iPhone in 2007 triggered this.
So connectivity via the Internet and especially mobile connectivity are the third step to digitalization.
Compared to the industrial revolutions which have occured in the last centuries (mechanization, steam power, electrification ...) the reach beyond the industrial or production sector into the everyday private life is the core difference between digitalization and the former revolutions.
This has the potential to change industries and economies.
The advantages of digital files (or streams) are the reduced amount of physical storage space and less bandwith need for transmission as compressing technologies can be applied to them.
The real strength is converting those raw files into more meaningful files. A good example here is scanning of documents. The result from digitization is only a picture made of pixels (bitmap) with no other additional information, only storage and transmission are possible.
By analyzing such a raw file and identifying characters, converting the raw picture file into a text document allows editing the text compromised of characters from a defined character set. This process is known a Optical Character Recognition (OCR) and used for banking transactions for many decades.
This concept can be generalized to identify objects like persons in the raw picture file. Google or Facebook have such technologies. It is the second step within digitization.
Already the first step has the potential to change industries, just think of the photographic industry which has changed to a nearly 100% digital industry within the last 15 years.
Looking at the history of digitalization those two steps can be traced back quite a long time, the big push in recent years came from the availability of mobile connected devices like smartphones. More precise the introduction of the iPhone in 2007 triggered this.
So connectivity via the Internet and especially mobile connectivity are the third step to digitalization.
Compared to the industrial revolutions which have occured in the last centuries (mechanization, steam power, electrification ...) the reach beyond the industrial or production sector into the everyday private life is the core difference between digitalization and the former revolutions.
Donnerstag, 11. August 2016
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