FEATURED ARTICLE — April 18th, 2018
The digital age is transforming our civilization and taking it towards the knowledge economy. The term ‘knowledge economy’ was first used in 1960 and represents a shift where the production and use of knowledge are imperative.
Unlike the traditional economy where wealth generation depended on natural and physical resources, in this new economy, wealth is created from information and knowledge. In this knowledge-based economy, a majority of the workers of developed countries are involved in knowledge-related work. In other words, they use their brains more than their muscles.
The knowledge economy is being fuelled by the power of technology and the penetration of the internet. Some of the essential characteristics of the knowledge economy are the prevalence of ‘smart products,’ the increasing value of intangibles, and the growth of knowledge industries such as software, education, management consultancy, online information services, etc.
As the world shifts at a mindboggling pace, the importance of knowledge for businesses is increasing exponentially. It allows companies to sail turbulent times and facilitates them in decision making and innovation. The fortune 500 companies, for example, incur a loss of around $31.5 billion per year because they fail to share knowledge.
Some of the ways the internet is helping knowledge commercialization is in the form of online communities, e-learning, online events etc. The importance and demand for knowledge has created an opportunity for knowledge commercialization, which means packaging knowledge and selling it.
Established knowledge markets such as publishing and broadcasting as well as management consultancy are already present. Today, knowledge commerce is the combination of...
The potential of mobile technologies is growing rapidly. Smartphone sales have long exceeded the sales of PCs. And by 2018, according to IDC (International Data Corporation) experts, smartphones will become 6 times more popular than computers. That’s… Read More
Whether you travel for business or regularly meet clients or colleagues for lunch for lunch or coffee, adversaries are busy soaking up your personal information – and you could be making it easy for them.
Any time you use a public wireless network… Read More
The e-commerce economy has had a dramatic increase and is expected to expand its upward trajectory and rapid development. No matter SEO is the key to success to any online business. Still, some people neglect this priority as some sort of time waste for… Read More
Internet has caused a revolution in sharing information and knowledge, which was previously unattainable. The lines between professionally trained and dexterity acquired online has blurred.… Read More
“The beauty of SEO is that, instead of pushing a marketing message onto folks who don’t want to hear what you have to say, you can reverse-engineer the process to discover exactly what people are looking for, create the right content for it, and appear… Read More
With so many businesses being launched everyday, how can you ensure that yours stands out? If your business has a good, first page ranking in search engine results, what can you do to stay on top?
Studies show that on desktops, the top-ranking page… Read More