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Knowledge Capital in the Digital Society: Information-Based Value Creation

Posted Dec 10 2012 12:00am

I finished reading Peter Waegemann's book on knowledge capital in the digital society not long ago and wanted to share a few key take-aways.  

  • the need to learn by memorizing is now replaced by the need to thrive in the digital world... to be creative, to research to connect the dots and to manage information and knowledge.
    • Digital intelligence will mean the ability to smartly navigate the immense world of knowledge and information, not trying to memorize it.
  • today... the smartest child is the one who can navigate information resources and connect the dots -- that is the one who understands the meaning and context of information.
    • the new challenge concerns how one 
      • acquires knowledge, 
      • manages information, 
      • distinguishes useful from trivial, 
      • separates truth from spin, 
      • navigates information resources and 
      • identifies belief systems according to established values 
      • while remaining open to alternatives and 
      • how one continues to improve knowledge over a lifetime.
  • Advertising is moving from printed media to digital product targeting
  • Information fields such as medicine, law, engineering, and even language translation may ultimately be mapped like geography, using software to guide people accordingly
  • predictive text, indexing and semantic software, that within seconds, can extract relevant subject matter out of millions of pages will help us manage the wealth of information

This is a book that makes you think and reflect back to look at the future! It is especially relevant to healthcare leaders, human resource professionals ... and parents!

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