Large technology companies will experience the same collapse in reputation as banks have endured in recent years unless they rapidly change their policy approach, business leaders have cautioned.
Their warning was directed at the influential heads of technology companies, such as the Silicon Valley giants, who were told they needed to recognise that self-regulation will not be sufficient to stave off mounting public alarm about issues such as privacy.
“Self-regulation, no matter what you do, is just not going to be good enough [for tech companies],” said Paul Achleitner, chairman of the supervisory board of Deutsche Bank. Addressing the Davos economic forum, he pointed out that a self-regulatory approach had been previously employed by banks — but notably failed to quell a political backlash against their over-reach.
“THE way we’re working isn’t working. Even if you’re lucky enough to have a job, you’re probably not very excited to get to the office in the morning, you don’t feel much appreciated while you’re there, you find it difficult to get your most important work accomplished, amid all the distractions, and you don’t believe that what you’re doing makes much of a difference anyway. By the time you get home, you’re pretty much running on empty, and yet still answering emails until you fall asleep.Increasingly, this experience is common not just to middle managers, but also to top executives.”
The above quote comes from a superb article in this weekend’s NYT. One of the must-read articles of the weekend. While I broadly put myself into the category of technology lover, this article brilliantly combines the consequences of humans using of technology with changing norms and competitiveness in the workplace. I won’t spoil it for you….but the picture is not pretty. I believe the argument here is absolutely spot on.
Here is a little bit more.
“Demand for our time is increasingly exceeding our capacity — draining us of the energy we need to bring our skill and talent fully to life. Increased competitiveness and a leaner, post-recession work force add to the pressures. The rise of digital technology is perhaps the biggest influence, exposing us to an unprecedented flood of information and requests that we feel compelled to read and respond to at all hours of the day and night.”
“Rushkoff has spent his career thinking and writing about the influence of technology on how we work and live. He now believes that we are witnessing an evolution as meaningful as the transition from feudalism to the Industrial Age. Those companies that adapt, he says, will be the winners in the digital economy. Rushkoff sat down with strategy+business to discuss this transition, its historical context, and how businesses can respond.”
Technology changes, but people do not. I have for some time experienced an increasing discomfort with the “social media conversation,” self-appointed gurus, endless workshops to earn a quick buck, and the horse race to be the first saying that I a… More…
So what really are reasonable standards of etiquette for using your mobile? Is it OK to pretend that people in a queue don’t exists nd barge to the front while busy talking on your phone? Should people on public transport be required to listen to … More…