Transitions: Interaction to Interconnection

Transitions: Interaction to Interconnection

The digital revolution changes many things about business; one of the most profound changes is the transition from merely interacting with other stakeholders to being truly interconnected. In this episode, David and Justin talk about four aspects of this transition and helpful tips for leaders. Here are the notes from the show:

  • Trips to the Boundary Waters in Northern MN provide good contrast to how our world has become much more interconnected
  • Interconnection has many facets; many positive and some negative (soooo many backlit rectangles in our lives now)
  • “Interface companies” examples of firms using interconnection as a business model
  • Digital transformation is supposed to increase revenue by 20% and decrease expenses by 36% in the next 5 years accoding to a recent study by Mckinsey
  • Four ways digital is transforming firms from merely interacting to truly interconnecting:
    • Product/service innovation
    • Innovation speed
    • Automation
    • Corporate control (Partially Derivative podcast located here)
  • Body metaphor is the best metaphor to view this transition!

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