Understanding the Knowledge Economy (1)

In a Knowledge Economy(K-Economy), knowledge should be as free as possible. And the process of publishing knowledge, the policy of protecting knowledge and the manipulation of knowledge which will give us the numbers in realizing the profit & loss in the K-Economy.

This is because it stresses on a few things:
  • Speeds to achieve goals.
  • Decisions based on information.
  • Updated information on a subject which relates to history information.
Blogging is important:

Thus blog is important because knowledge economy requires content to fuel and blog provides content in myriad manners. For instance, if there is no blogger provides blogs about “how to xxxx ?”, then the objective of knowledge economy cannot be achieved, because knowledge empowerment would then not be able to crystallize. We have to hire experts to support us with “dummy” problems.

A knowledge economy defines new market place where instead of paying for knowledge, we pay for how to access knowledge and we pay for the royalty of the content owners and not for the knowledge itself. This is because both parties need to achieve common ground in terms of compromising which otherwise content owners suffer from lazy end-users who prefer to be spoon-feed than becoming empowered with knowledge.

1. Why royalty ?

Why should you only have one or two suppliers ? Why not have more suppliers. Why not evaluate supplier performances based on real time information and knowledge.

2. Global view ?

How do you gain access to information in terms of a global point of view ? Is using Google alone ample to serve your needs ?

What tools do have you to help with business intelligence ?

3. Comparison of information.

How do you audit the business information that you have ? Do you have a few sources for comparison and benchmarking ?

Benefits for Consumers:

The K-Economy would benefit consumers more that vendors because the latter would be obligated to present the case in terms of knowledge point of view. It marks a shift from the obligations of consumers providing vendors with benefit of doubts merely based on business relationships, but rather, the former now can demand for information that would backup the decision of the purchase in the form of comprehensive product comparison, product life cycle expectations based on external factors and etc. It is all about using information by leveraging on other information for a better cause.

Of course, how comprehensive is considered comprehensive ? This is subjective and it will depends on the tools available. For instance, take a look at D & B's Hoovers, Malaysia's CTOS and etc. For a very layman, a very common perception is that a database is the tool for K-Economy but it is not just about Google and Yahoo.

No point taking off blogs:

If a government were to take off blogs, then bloggers will setup up forums, wikis and ultimately, web pages (HTML).

Don't take down HTML, we may take a step backward.

Don’t visit blogs which promotes racism and prejudices except for leisure. Laugh at the stupidity of the writers , but never take them out of the equation, because otherwise who is there to judge ignorance ? For "We're all ignorant, only on different topics" - Mark Twain


chi howe said…
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chi howe said…
Blogs are here to stay, Or it may evolved in different forms, which are already out there, such as podcasts, etc. Knowledge sharing through blogs is actually an age-old tradition, from the days when cavemen started carving on walls. I am all for the importance of sharing good blogs, with intent of discussing technology and business trends.