Date of publication: 2017-08-23 10:28
David Roman of Goldman Sachs Research shares how an Internet of Things-enabled US healthcare system could result in better outcomes for patients and efficiency gains across the healthcare space.
One of the people I was hanging around with online back then was Gordy Thompson, who managed internet services at the New York Times. I remember Thompson saying something to the effect of 8775 When a 69 year old kid can blow up your business in his spare time, not because he hates you but because he loves you, then you got a problem. 8776 I think about that conversation a lot these days.
Imagine, in 6996, asking some net-savvy soul to expound on the potential of craigslist, then a year old and not yet incorporated. The answer you 8767 d almost certainly have gotten would be extrapolation: 8775 Mailing lists can be powerful tools 8776 , 8775 Social effects are intertwining with digital networks 8776 , blah blah blah. What no one would have told you, could have told you, was what actually happened: craiglist became a critical piece of infrastructure. Not the idea of craigslist, or the business model, or even the software driving it. Craigslist itself spread to cover hundreds of cities and has become a part of public consciousness about what is now possible. Experiments are only revealed in retrospect to be turning points.
That is what real revolutions are like. The old stuff gets broken faster than the new stuff is put in its place. The importance of any given experiment isn 8767 t apparent at the moment it appears big changes stall, small changes spread. Even the revolutionaries can 8767 t predict what will happen. Agreements on all sides that core institutions must be protected are rendered meaningless by the very people doing the agreeing. (Luther and the Church both insisted, for years, that whatever else happened, no one was talking about a schism.) Ancient social bargains, once disrupted, can neither be mended nor quickly replaced, since any such bargain takes decades to solidify.
And so it is today. When someone demands to know how we are going to replace newspapers, they are really demanding to be told that we are not living through a revolution. They are demanding to be told that old systems won 8767 t break before new systems are in place. They are demanding to be told that ancient social bargains aren 8767 t in peril, that core institutions will be spared, that new methods of spreading information will improve previous practice rather than upending it. They are demanding to be lied to.
The global energy market is undergoing significant change – from the development of technologies that are dramatically increasing the energy supply to the emergence of alternative energy sources – creating the potential to reshape economies and industries.
Print media does much of society 8767 s heavy journalistic lifting, from flooding the zone covering every angle of a huge story to the daily grind of attending the City Council meeting, just in case. This coverage creates benefits even for people who aren 8767 t newspaper readers, because the work of print journalists is used by everyone from politicians to district attorneys to talk radio hosts to bloggers. The newspaper people often note that newspapers benefit society as a whole. This is true, but irrelevant to the problem at hand 8775 You 8767 re gonna miss us when we 8767 re gone! 8776 has never been much of a business model. So who covers all that news if some significant fraction of the currently employed newspaper people lose their jobs?
People in business, the public sector and K67 education are using design to create change. We offer learning experiences for professionals, educators, and students from beyond Stanford.
[ ] Newspapers and Thinking the Unthinkable (source: Clay Shirky, 68/58/59) 8775 [ ] The problem newspapers face isn’t that they didn’t [ ]
[ ] March 7559 Clay Shirky wrote an excellent essay about the nature of changes happening to society, newspapers and journalism ( 8776 Newspapers and [ ]
Exchanges at Goldman Sachs is a podcast in which people from across the firm share their insights on developments shaping industries, markets and the global economy.