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November 18, 2010 1 IT and Our Future Nirvikar Singh Department of Economics University of California, Santa Cruz Presentation for Information Systems Management 101 November 18, 2010

November 18, 20101 IT and Our Future Nirvikar Singh Department of Economics University of California, Santa Cruz Presentation for Information Systems Management

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Page 1: November 18, 20101 IT and Our Future Nirvikar Singh Department of Economics University of California, Santa Cruz Presentation for Information Systems Management

1November 18, 2010

IT and Our Future

Nirvikar SinghDepartment of Economics

University of California, Santa Cruz

Presentation for

Information Systems Management 101

November 18, 2010

Page 2: November 18, 20101 IT and Our Future Nirvikar Singh Department of Economics University of California, Santa Cruz Presentation for Information Systems Management

2November 18, 2010

What is IT?

“…all the technology, both hardware and software, used to store, process and transport information in digital form.” Nicholas Carr, “IT Doesn’t Matter,” Harvard

Business Review, May 2003 Does IT Matter? Information Technology and

the Corrosion of Competitive Advantage, HBS Press, 2004

Page 3: November 18, 20101 IT and Our Future Nirvikar Singh Department of Economics University of California, Santa Cruz Presentation for Information Systems Management

3November 18, 2010

Falling Costs of Computing (US $)

Costs of computing

1970 1999 2004

1 Mhz of processing power

7,600 0.17 <0.02

1 megabyte of storage

5,260 0.17 <0.01

1 trillion bits transmitted

150,000 0.12 <0.01

Page 4: November 18, 20101 IT and Our Future Nirvikar Singh Department of Economics University of California, Santa Cruz Presentation for Information Systems Management

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A Fourth Dimension? Processing, storage, transport and… Information capture

Key pad Touch screen Microphone Scanner Camera Heat sensor Motion sensor Electromagnetic wave sensor (Texture, taste, smell…?)

November 18, 2010

Page 5: November 18, 20101 IT and Our Future Nirvikar Singh Department of Economics University of California, Santa Cruz Presentation for Information Systems Management

5

Mirror Worlds

“What if there were two worlds, the real one and its digital reflection? The real one is strewn with sensors, picking up everything from movement to smell. The digital one, an edifice built of software, takes in all that information and automatically acts on it.” It’s a Smart World, The Economist, Nov. 4th, 2010 Mirror Worlds: or the Day Software Puts the

Universe in a Shoebox...How It Will Happen and What It Will Mean (1992), David Gelernter

November 18, 2010

Page 6: November 18, 20101 IT and Our Future Nirvikar Singh Department of Economics University of California, Santa Cruz Presentation for Information Systems Management

6November 18, 2010

Information Capture

Bridge between virtual and real world Reverse bridge is mostly through displays

Screens Holograms?

Also through computer voice Telephone menus Car navigators

Page 7: November 18, 20101 IT and Our Future Nirvikar Singh Department of Economics University of California, Santa Cruz Presentation for Information Systems Management

7November 18, 2010

Processing

Models of complex physical systems Car crashes

Chemical reactions

Airplane flight

Financial markets

Climate change

Tectonic plates

Economies

Page 8: November 18, 20101 IT and Our Future Nirvikar Singh Department of Economics University of California, Santa Cruz Presentation for Information Systems Management

8November 18, 2010

Storage

Progression of complexity/size Text

Images

Music

Video

Entertainment

Education

Work

Page 9: November 18, 20101 IT and Our Future Nirvikar Singh Department of Economics University of California, Santa Cruz Presentation for Information Systems Management

9November 18, 2010

Transport Information sharing and communication “Death of distance” Interaction

Education Entertainment Socializing Work E-commerce

Mobility – “death of location” Immediacy Information on demand

Page 10: November 18, 20101 IT and Our Future Nirvikar Singh Department of Economics University of California, Santa Cruz Presentation for Information Systems Management

10November 18, 2010

Capture

Characteristics Location Movement Appearance Voice Temperature

“Identity” “State” (normal/expected or not)

Page 11: November 18, 20101 IT and Our Future Nirvikar Singh Department of Economics University of California, Santa Cruz Presentation for Information Systems Management

11November 18, 2010

Smart Systems

Feedback loop: Real Virtual Real

Examples Assembly lines Cars Airplanes Buildings Water systems Power grids

Page 12: November 18, 20101 IT and Our Future Nirvikar Singh Department of Economics University of California, Santa Cruz Presentation for Information Systems Management

12November 18, 2010

Hybrid Smart Systems

People and IT intertwined Cities Social networks (communities) Firms Collectives

Resource efficiency New forms or levels of activity New challenges

Privacy Inequality

Page 13: November 18, 20101 IT and Our Future Nirvikar Singh Department of Economics University of California, Santa Cruz Presentation for Information Systems Management

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Conclusion

There is none….

November 18, 2010