Important agitator of the swiss economy.
In the world of the internet we went through 3 phases: the years of the pioneers 1997 then the golden rush till 2001 and then the ordinary people’s revolution. The open economy is made by ordinary people and who are trying to bring change.
What are the key factors that are making this happen. The old economy is not crashing the new one. We are now in a new economy where there are 3 basic components: transformActors, consumActors and new business models. These are terms that will help design what is happening.
TransformActors: People who are helping digitize old algorithm and transform human action into algorithms. (Digitization of banking)
CunsumActors: active consumers who are helping finish the product. In the sense of doer. For corporations it is a big change, you have to produce something that people will finish and add value to the product. People are in a new relationship with products.
Media is changing because of blogs. The driving force of the new economy is the people who are behind it. This new economy is linked to the old/new economy but not the old economy.
eg e-banking. It is only algorithm; there is noone there. The organization of the bank is rethought completely. Half of the users are less than 32. When theses people grow old, these people are going to keep use e-banking. The trends in e-banking are internet users use increase, low cost banking because high productivity, transparency, and self service.
Ref: Alain de Vulpian: From a rigidly regulated mass society to a living networking society.