IT and the entrepreneurial age

Take note: IT can create, or it can destroy, an organization’s ability to be entrepreneurial.

If your IT organization isn’t nurturing entrepreneurship, you’re in trouble. The age of entrepreneurship is upon us. The enterprise — the entire enterprise — has to become entrepreneurial, meaning that it has to proactively adapt to rapidly changing circumstances.  

The world is experiencing exponential change. The futurists at Singularity University, an institution devoted to expanding our capability of coping with that very thing, believe that from this day forward, the change we experience every five years will be equal to what previously filled 100 years. Also expanding at a fearsome rate is the amount of data we collect. Dan Geer, the chief information security officer at In-Q-tel, finds it plausible that the compound annual growth rate for new data is now 57%. That certainly sounds big, but abstract. So think of it this way: Every 120 seconds, 50,000 Libraries of Congress full of additional information will be created. Data growth and the rate of change go hand in hand. Every second, there is more to know. Every day, something that once was impossible or prohibitively expensive becomes possible and affordable.  

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