Diginomics
Diginomics – The economic impact of being (re)born digital
Chaired by Thierry Rayna, this session will focus on the economic impact of digital technologies. Join us if you want to hear about:
- How the internet newspaper is changing the news industry
- Why so many people pirate and why firms and governments haven’t been prevent it
- Why Apple sells music while Napster rents it and why Microsoft dropped MSN for Zune
- Why DRMs are bound to fail and why recording companies have been forced to abandon them
- Why Web 2.0 is sometimes inefficient and how to improve it
- How to conciliate DRMs with privacy
- How to find new business models for the digital economy
The panelists for this sessions are: Paul Bourgine (Ecole Poytechnique, France), Gary Graham (University of Manchester), Samuel Landau (Comwax CTO), Ludmila Striukova (University College London).
The presentation slides from the session are now available here.
August 31, 2008 at 4:26 am |
In 1998, in response to over 30 years of research and writing on the subject of a future ‘digital economic’ system, I coined the word “Diginomics.” Much to my surprise, I found no evidence of its existence in any dictionary, so I submitted it to every English-speaking dictionary I could find. In 2007, Merriam-Webster’s Online Dictionary agreed to showcase the word on their website. Today, it’s amazing to see how the word has truly taken hold around the globe, fairly true to the definition that I assigned to it. Here is the ‘official’ definition:
DIGINOMICS (dij’i-nom’iks), n. – acronym of two words: digital and economics. (1) the status of development toward an all-digital economy conducted electronically in all financial dealings between buyer and seller; a cashless society where all moneys (incl. cash, coins, checks and credit) and transactions involving the same are conducted electronically. (2) Societal trends in which the presence of and use of advanced electronic technology is both prevalent and predominant, creating lifestyles and social cultures that are technology driven. Syn. Cashless society, digital economy, friction-free economy, e-business, mobile economy, m-economy, entertainment economy, intangible economy. [1998, Wallace R. Wood, Houston TX]
For an “official” recognition of this new term, visit the Merriam-Webster On-Line Open Dictionary site.
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Indeed, we truly are living in a “Diginomic World.” It’s only a matter of time before the full application is realized.