Browse Titles. What is Information Age 1. The current era, in which relatively much larger amounts of information are widely available generally through network platforms. The period beginning in the last quarter of the 20th century marked by the increased production, transmission, consumption of, and reliance on information.
Learn more in: Third Places in the Blackosphere. Our modern age in which information is transmitted quickly and disseminated widely due to increasing access to technology. A period in human history characterized by the shift from traditional industry that the industrial revolution brought through industrialization, to an economy based on the information computerization.
The term refers to the period after the industrial age ; it is applied to the period beginning around the s, when the movement of information became faster than physical movement. Learn more in: Digital Convergence and Cybersecurity Policy. A label given to the post-Cold War sociological and economic conditions of the world, which are driven by technology and information. Learn more in: Educational Technology in the Middle East. The period of human history, also referred to as Computer Age or Digital Age , which comprises the innovations that have emerged in the computing and cybernetics after the Industrial Revolution.
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Log in Sign Up. Information Age noun. Save Word. IDC says that the digital transformation DX economy is about to kick off. There is a new industrial revolution which we call Industry 4.
We also live in a platform economy. And an API economy. The list goes on. One wonders if, with all these new economies and ages, we still live in the information age or in any other age someone somewhere came up with.
The answer: you bet we still live in the information age. In fact, we never lived as much in an information age, in the context of digital information bits and bytes indeed , as we do today. Whether we talk about APIs, digital transformation, the pillars and accelerators of the technologies which enable the DX economy cloud , social, mobile, analytics, the Internet of Things , cognitive computing and AI , etc.
Information within context and integrated with business processes, people, physical devices, you name it. In his book, Being Digital , Nicholas Negroponte described a future in which everything which would be digitalized would also be digitalized.
And that included books such as the one who stated this to begin with. Music as an online service. A little learning is a dangerous thing. We are quick to access information that helps us, but we often lack the ability to make sense of it, or to use it appropriately. Doctors encounter this problem on a daily basis, as patients show up with often incorrect self-diagnoses. Senior executives second-guess their subordinates because their corporate IT system gives them line-of-sight down to detailed plant-level data.
We also see this at a societal level: people believe they have the right to information that is in the public interest think Wikileaks , but they are rarely capable of interpreting and using it in a sensible way. At an individual level, we face two contrasting risks. One is that we become obsessed with getting to the bottom of a problem, and we keep on digging, desperate to find the truth but taking forever to do so.
The other risk is that we become overwhelmed with the amount of information out there and we give up: we realise we cannot actually master the issue at hand, and we end up falling back on a pre-existing belief.
For firms, there are three important consequences. A surplus of , as Nobel Laureate Herbert Simon noted, creates a deficit of attention. That is the real scarce resource today. Second, firms have to get the right balance between information and judgment in making important decisions. These are the best kind of decisions.
They are fact-based decisions that overrule the hierarchy. Finally, the ubiquity of information means a careful balance is needed when it comes to sharing.
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