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Sequoia's Michael Moritz explains how technology is like fracking

Sequoia's Michael Moritz explains how technology is like fracking | Entrepreneurship, Innovation | Scoop.it
Thirty years ago technology was in niches and crevasses of the economy, and now it has seeped into every sector. Read this article by Dan Farber on CNET News.
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Dan Kirsch's curator insight, July 23, 2013 9:39 AM

Knowledge Management Fracking

"...in many organizations Information Technology is like fracking to Knowledge Management."


This short article presents an interesting analogy regarding technology and its impact upon the economy - one which got me thinking about how that is perhaps a really great way to describe a common problem in organizations with regards to Knowledge Management implementation.  So I'll go a step further by suggesting that in many organizations Information Technology is like fracking to Knowledge Management.


Hydraulic fracturing is the fracturing of localized rock by a pressurized liquid as a method for extracting oil and natural gas and "opponents point to potential environmental impacts, including contamination of ground water, depletion of fresh water, risks to air quality, the migration of gases and hydraulic fracturing chemicals to the surface, surface contamination from spills and flow-back, and the health effects of these."


Which makes organizational application of Information Technology an interesting study, and for the same reasons.  Nobody would question the need for IT within a modern organization.  However, the issue I believe is that IT is not an organizational strategy.  IT is a tool, which certainly can be utilized to support implementation and execution of organizational strategy.  Simply injecting IT into an organization is akin to that fracking.


This becomes a problem when an organization considers KM implementation or is in the middle of implementation of KM.  The lack of a Knowledge Management strategy often allows organizations to run wild with the IT.  IT is seemingly injected within every niche and crevass of the organization, with no real plan for how or why the technology will be used, and certainly no measures of effectiveness (after all, it is pretty hard to measure its effectiveness when you have no real idea what you are doing).  And instead of producing desired results, people begin to "tune out" the IT tool noise as disruptive, a risk to real knowledge transfer, an environmental contaminate.


For example, IT is all the rage for collaboration.  Need collaboration?  Grab some IT tools today!  There are various assorted flavors and sizes of IT tools available to "facilitate" collaboration and they're "flying off the shelf" and into organizations at a brisk pace.  Not that collaborative tools are new, they've been around for a long time -- a piece of paper, for example, could certainly be utilized as a collaborative tool.  But the problem with any rampant collaborative tool implementation (referring to IT based collaborative tools) is that according to a recent study 51% of businesses surveyed had no strategy in place with regard to those tools.


"If you don't know where you're going, any road will get you there," certainly comes to mind.  And if that's so, try taking "any road" to get you home tonight and please let me know how well that works out.


So it seems that all too often employees simply tune it out (the collaborative tools).  Once shiny, new and interestingly cute, the collaborative tools are tossed to the side like last year's birthday gifts after this year's arrive.  Well, except for those who develop "collaborative tool envy" which is what happens when collaborative tool usage approaches cult-like levels of buzz (Have you seen it? No, not yet.  Oh, well you really should try it....Bob tried it and he liked it.  Really, hmmm....I know Bob.  Okay, so here, give it a try.).


Absent a KM strategy and an organizational culture which encourages collaboration and seeks to utilize collaboration to produce results (e.g., improved communications, knowledge sharing, enhanced decision making, problem solving) those same collaborative tools become ineffective and in fact serve as resource drains which produce no real results.  For example, one study indicated that almost half of UK businesses have collaborative tools, but only 66% of them actually use the tools.  However, resources are certainly applied to maintain those tools.  Wasted resources.


IT Fracking of Knowledge Management.  Bad for the organization and its environment.

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A $2 Billion Chip to Accelerate Artificial Intelligence

A $2 Billion Chip to Accelerate Artificial Intelligence | Entrepreneurship, Innovation | Scoop.it
A new chip design from Nvidia will allow machine-learning researchers to marshal larger collections of simulated neurons.
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Small business and its customers are in the same fight for freedom – Medium

Small business and its customers are in the same fight for freedom – Medium | Entrepreneurship, Innovation | Scoop.it
The problem is that big business would rather have captive markets and captive customers than free ones. This has been the default…
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This Smart Jacket Will Hold Two Laptops—and a Whole Lot More

This Smart Jacket Will Hold Two Laptops—and a Whole Lot More | Entrepreneurship, Innovation | Scoop.it
The SCOTTeVEST jacket will replace your backpack.
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Belgian Director Becomes A Viral Doodler On Instagram

Belgian Director Becomes A Viral Doodler On Instagram | Entrepreneurship, Innovation | Scoop.it
Vincent Bal has become a digitally-famed doodler on the social platform with his playful comic designs.
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Facebook CEO Mark Zuckerberg and wife Dr. Priscilla Chan to invest at least $3 billion to cure diseases

Facebook CEO Mark Zuckerberg and wife Dr. Priscilla Chan to invest at least $3 billion to cure diseases | Entrepreneurship, Innovation | Scoop.it
Facebook CEO Mark Zuckerberg and his wife, Dr. Priscilla Chan, are investing at least $3 billion over the next decade to prevent, manage and cure diseases by the end of the century.
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Google acquires natural language understanding startup Api.ai

Google acquires natural language understanding startup Api.ai | Entrepreneurship, Innovation | Scoop.it
Google today said that it’s acquired API.ai, a startup with tools for speech recognition and natural language understanding. Terms of the deal weren’t disclosed.
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Drive Capital, led by former Silicon Valley investors Mark Kvamme and Chris Olsen, are turning investment perceptions after setting up their operation in Columbus - Dayton Business Journal

Drive Capital, led by former Silicon Valley investors Mark Kvamme and Chris Olsen, are turning investment perceptions after setting up their operation in Columbus - Dayton Business Journal | Entrepreneurship, Innovation | Scoop.it
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Investment Interest in Virtual, Augmented Reality Remains Strong - eMarketer

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Billions of dollars are being poured into funding rounds, mergers and acquisitions
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Google's DeepMind artificial intelligence has figured out how to talk

Google's DeepMind artificial intelligence has figured out how to talk | Entrepreneurship, Innovation | Scoop.it
The AI research lab has developed a system called WaveNet.
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The latest iPhones are very bad news for digital cameras

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Apple thinks it's equipped the latest iPhones with its best cameras yet, and that should worry the digital camera industry.
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Diagnosis by smartphone for NHS patients to reduce pressure on health services

Diagnosis by smartphone for NHS patients to reduce pressure on health services | Entrepreneurship, Innovation | Scoop.it
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Published for the First Time: a 1959 Essay by Isaac Asimov on Creativity

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The mission of MIT Technology Review is to equip its audiences with the intelligence to understand a world shaped by technology.
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IDG Connect – The “quantum technologies” set to surface ahead of quantum computing

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We look at “quantum technologies”, which though not quantum computing in its true form, are highly disruptive and on the rise
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Yahoo’s data breach is one of the biggest in history

Yahoo’s data breach is one of the biggest in history | Entrepreneurship, Innovation | Scoop.it
Here's how Yahoo's reported data breach compares to some of the other massive hacks in recent tech history.
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Teens Use YouTube, Gmail More than Social Networks - eMarketer

Teens Use YouTube, Gmail More than Social Networks - eMarketer | Entrepreneurship, Innovation | Scoop.it
91% of US teen internet users said they used YouTube
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Building the right organization for mergers and acquisitions | McKinsey & Company

Building the right organization for mergers and acquisitions | McKinsey & Company | Entrepreneurship, Innovation | Scoop.it
Support for deal making should be organization-wide.
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Salesforce made a big announcement on AI yesterday

Salesforce made a big announcement on AI yesterday | Entrepreneurship, Innovation | Scoop.it
Salesforce is preparing to roll out new technology called Einstein that will add artificial intelligence across its software.
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Chart: Autonomous Cars Change Every Industry, Even Yours | Web Strategy by Jeremiah Owyang | Digital Business

Chart: Autonomous Cars Change Every Industry, Even Yours | Web Strategy by Jeremiah Owyang | Digital Business | Entrepreneurship, Innovation | Scoop.it
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How Fitbit Is Staying a Step Ahead in the Race for Wearables

How Fitbit Is Staying a Step Ahead in the Race for Wearables | Entrepreneurship, Innovation | Scoop.it
By moving creative marketing in-house and reviewing its media agencies, Fitbit is trying to outrun heavy competitors like Apple
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Google just unveiled a feature that Uber has been blocking startups from making for years

Google just unveiled a feature that Uber has been blocking startups from making for years | Entrepreneurship, Innovation | Scoop.it
Google just unveiled a price comparison tool between Uber, Gett, and Lyft — a feature Uber has been blocking for years.
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Google's DeepMind artificial intelligence has figured out how to talk

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The surprising truth about which countries lead in digital | McKinsey & Company

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While European and US companies are at different stages of their digital maturity across sectors, they can each take specific steps to increase digital market share. Here’s how it’s done.
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Diagnosis by smartphone for NHS patients to reduce pressure on health services

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All NHS patients will be offered diagnosis by smartphone in a bid to modernise the offer to the public, and lift pressures on ailing services, Jeremy Hunt will say today.
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