How the "Networked Economy" Will Double Gross World Product in 10 Years

Social networks have allowed billions of individuals to communicate and collaborate in a variety of ways while online technologies have helped business create frictionless purchases at the consumer and business-to-business levels.

Social networks have allowed billions of individuals to communicate and collaborate in a variety of ways while online technologies have helped business create frictionless purchases at the consumer and business-to-business levels. When these two capabilities merge, we will have reached a new powerful "networked economy," writes MIT's Technology Review. 


"What exactly is the Networked Economy? It’s an emerging type of economic environment arising from the digitization of fast-growing, multilayered, highly interactive, real-time connections among people, devices, and businesses."

Integral to the networked economy is an Internet of things which will connect buyers to sellers and aggregate data for social improvement. In that economy, businesses must (1) retain customer loyalty, (2) enable open innovation, and (3) enhance resource optimization. 

Customer loyalty can be established through the bundling of goods and services that specific individuals use. Enabling open innovation means creating a work environment that millennials can thrive in--by 2050, they will make up 75% of the workforce. Resource optimization means taking advantage of technology to improve efficiency--that means machine efficiency as well as network efficiency, streamlining logistical networks to grow your business without taking up more space.

For those of you who expect to running tomorrow's economy, here's some leadership advice from Big Think's interview with Nina DiSesa of McCann Erickson:

Read more at MIT Technology Review

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Antimicrobial resistance is growing worldwide, rendering many "work horse" medicines ineffective. Without intervention, drug-resistant pathogens could lead to millions of deaths by 2050. Thankfully, companies like Pfizer are taking action.

Image courtesy of Pfizer.
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  • Without intervention, resistant pathogens could result in 10 million annual deaths by 2050.
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Sarco assisted suicide pods come in three different styles, and allow you to die quickly and painlessly. They're even quite beautiful to look at.

The Sarco assisted suicide pod
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Death: it happens to everyone (except, apparently, Keanu Reeves). But while the impoverished and lower-class people of the world die in the same ol' ways—cancer, heart disease, and so forth—the upper classes can choose hip and cool new ways to die. Now, there's an assisted-suicide pod so chic and so stylin' that peeps (young people still say peeps, right?) are calling it the "Tesla" of death... it's called... the Sarco! 

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