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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.

Entrepreneurship, Innovation
The 21st Century for Grade A Entrepreneurs
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The Already Existent Future Of The Age of Context

The Already Existent Future Of The Age of Context | Entrepreneurship, Innovation | Scoop.it
Robert Scoble and Shel Israel's new book, The Age of Context, brings to light a new reality that most of us are starting to sense: a future brought together by the commonality of the use of the technologies of mobile devices, sensors, data...
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Helen Teague's curator insight, March 23, 2014 8:59 AM

this book on Wishlist

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April Fools’ 2015: The Mega Round-Up Of The Best

April Fools’ 2015: The Mega Round-Up Of The Best | Entrepreneurship, Innovation | Scoop.it
It's that time of year again! The time when a massive chunk of the tech industry drops what it's doing and puts all of its collective effort into getting a..
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18 brilliant ideas for the skyscraper of the future

18 brilliant ideas for the skyscraper of the future | Entrepreneurship, Innovation | Scoop.it
The winning submissions from evolo's annual skyscraper competition.
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moneyfix.de's curator insight, March 31, 3:43 AM

Architektur und Wohnen der Zukunft.

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Apple Opens Up to Praise New Book on Steve Jobs, and Criticize an Old One

Apple Opens Up to Praise New Book on Steve Jobs, and Criticize an Old One | Entrepreneurship, Innovation | Scoop.it
Apple brass, including its chief, Timothy D. Cook, are throwing their weight behind the unauthorized biography of Mr. Jobs, which goes on sale Tuesday.
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4 Reasons Why Design Is Taking Over Silicon Valley

4 Reasons Why Design Is Taking Over Silicon Valley | Entrepreneurship, Innovation | Scoop.it
VC design partner John Maeda says that the most successful tech companies of the future will really be design companies. Here's why.
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Congratulations! Ubergizmo's Eliane Fiolet Awarded French 'Knighthood' -SVW

Congratulations! Ubergizmo's Eliane Fiolet Awarded French 'Knighthood' -SVW | Entrepreneurship, Innovation | Scoop.it
Silicon Valley Watcher - reporting on the business of innovation at the intersection of technology and media
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Swiss watches are getting smart without sacrificing style - CNET

Swiss watches are getting smart without sacrificing style - CNET | Entrepreneurship, Innovation | Scoop.it
sarahmitroff
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Les PME ne sont pas protégées contre la cybercriminalité. Et après?

Les PME ne sont pas protégées contre la cybercriminalité. Et après? | Entrepreneurship, Innovation | Scoop.it
Diane Rambaldini
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Caleb Fullhart Named Senior Vice President of Best Practices and Professional Services at TalentCircles

Caleb Fullhart Named Senior Vice President of Best Practices and Professional Services at TalentCircles | Entrepreneurship, Innovation | Scoop.it
San Bruno, CA (PRWEB) February 10, 2015 -- Talent acquisition leader, Caleb Fullhart newest member of HR Technology company, TalentCircles executive team.
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Apple Pay Has Competition Scrambling To Make Acquisitions Of Similar Services [Rumor]

Apple Pay Has Competition Scrambling To Make Acquisitions Of Similar Services [Rumor] | Entrepreneurship, Innovation | Scoop.it
While mobile payment solutions have been around for a while, it is safe to say that not many of them have seen the same fervent adoption compared to...
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Internet Providers Had A Silly Case To Keep Your Broadband Speeds Slow

Internet Providers Had A Silly Case To Keep Your Broadband Speeds Slow | Entrepreneurship, Innovation | Scoop.it
They lobbied against FCC's definition of faster broadband.
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Thanks to the iPad, iOS Dominated Holiday Mcommerce - eMarketer

Thanks to the iPad, iOS Dominated Holiday Mcommerce - eMarketer | Entrepreneurship, Innovation | Scoop.it
Apple ruled the 2014 holiday mcommerce space as iOS devices accounted for three-quarters of mobile sales this past season, with the iPad alone responsible for nearly half of the total. Tablets overall outshone smartphones for holiday mobile sales, but the smaller screen generated far more traffic.
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Boston women’s venture summit spotlights gender balance, bias in entrepreneurship

Boston women’s venture summit spotlights gender balance, bias in entrepreneurship | Entrepreneurship, Innovation | Scoop.it
@Halley
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Google Will Take 55% of Search Ad Dollars Globally in 2015 - eMarketer

Google Will Take 55% of Search Ad Dollars Globally in 2015 - eMarketer | Entrepreneurship, Innovation | Scoop.it
In 2015, search advertising will account for $81.59 billion worldwide, an increase of 16.2% over 2014. Google is still by far the dominant player in search globally, while Chinese companies are seeing strong growth.
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Rosemary Burnett's curator insight, April 1, 1:26 AM

Where should you be putting your search ad dollars in 2015? It seems Google is the clear winner with Baidu growing in market share in China.  RB

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Programmatic and real-time bidding are completely eating the digital-ad industry, with mobile leading growth

Programmatic and real-time bidding are completely eating the digital-ad industry, with mobile leading growth | Entrepreneurship, Innovation | Scoop.it
In this all-new in-depth research from BI Intelligence that updates our popular July 2014 report on programmatic and includes new statistics and forecasts.
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Bloomberg: How Silicon Valley Back-Room Deals Make Unicorns And Decacorns -SVW

Bloomberg: How Silicon Valley Back-Room Deals Make Unicorns And Decacorns -SVW | Entrepreneurship, Innovation | Scoop.it
Silicon Valley Watcher - reporting on the business of innovation at the intersection of technology and media
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A Wi-Fi Enabled Dress that Changes Itself in Different Locations

A Wi-Fi Enabled Dress that Changes Itself in Different Locations | Entrepreneurship, Innovation | Scoop.it
Wi-Fi has been an amazing invention. You can integrate it into almost anything you wish. And with it, the world soon becomes a connected pla
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Beacons are moving out of the pilot phase and helping retailers and marketers revolutionize in-store shopping

Beacons are moving out of the pilot phase and helping retailers and marketers revolutionize in-store shopping | Entrepreneurship, Innovation | Scoop.it
Beacons can be used to power indoor maps, payments services, and location-sensitive product catalogs.
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How Can Apps Retain Users? Be Honest - eMarketer

How Can Apps Retain Users? Be Honest - eMarketer | Entrepreneurship, Innovation | Scoop.it
For apps to attract and maintain users, they'll need to be honest. Mobile media users say it's more important than ever to know if a mobile app is collecting or sharing their personal info. If apps do so without permission, they risk losing users—a problem considering consumers already download and purchase fewer apps due to a lack of trust.
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How beacons — small, low-cost gadgets — will influence billions in US retail sales

How beacons — small, low-cost gadgets — will influence billions in US retail sales | Entrepreneurship, Innovation | Scoop.it
We expect beacons to directly influence billions in US retail sales this year at top retailers (.1% of the total sales volume), and that number will climb.
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Apple Stores Will Implement Jewelry Store Practices To Help Sell The Apple Watch

Apple Stores Will Implement Jewelry Store Practices To Help Sell The Apple Watch | Entrepreneurship, Innovation | Scoop.it
Apple selling the Apple Watch will be a big change for the iPhone-maker, and it is reportedly switching up its retail game to accommodate the new wearable...
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TalentCircles: Recruiting in the 21st Century: How to Engage Your Target Candidate During The Work Day

TalentCircles: Recruiting in the 21st Century: How to Engage Your Target Candidate During The Work Day | Entrepreneurship, Innovation | Scoop.it
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Legacy Tech Companies Are Actually Well-Positioned To Win Against Startups In 'The Internet of Things' Market

Legacy Tech Companies Are Actually Well-Positioned To Win Against Startups In 'The Internet of Things' Market | Entrepreneurship, Innovation | Scoop.it
Legacy tech companies that helped create the PC industry see an opportunity in the Internet of Things.
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