Competing for the Future: How Digital Innovations are Changing the World Review

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Competing for the Future: How Digital Innovations are Changing the World ReviewDr Kressel has captured the disruptions in society caused by fundamental shifts in the technology base dating from 1948 with the invention of the transistor and culminating in the recent emergence of IP networks as the dominant technological force behind our data and communications network. The early chapters deal with the history and impact of these important technologies and for those readers with a need to understand these technologies in greater detail, appendices are provided that take those interested into a journey of discovery into the important fundamental technology discontinuities such as Integrated Circuits, their scalability and limits, logic gates, semiconductor memories, semiconductor lasers and LEDs, photodetectors, fiber optics, and LCD displays which are used throughout the networks of today. These early parts of the book also point out the importance of the protocols that are used to transport data as well as the underpinning software methods that are used to build the networks without which engineers would not have been able to build today's Internet. Again, appendices are provided on these topics for the enquiring reader.
The book takes the reader through the early technology shifts that have enabled the knowledge economy and the author has mapped these changes to very basic but nonetheless revolutionary shifts in software, semiconductors, wireless and fiber optics. These dislocations taken together with the emergence of the venture capital industry and the entrepreneurial spirit fostered in the technology centers in Silicon valley and elsewhere, provided the mix for the revolutionary data networks to emerge which would have far reaching societal changes in later years. The book describes this journey and along the way the author draws our attention to the demise of the industrial central laboratories that nurtured the early inventions that gave birth to these technology dislocations and whose gradual disappearance in the 1960s and 1970s released large numbers of very bright scientists and engineers into both government laboratories and most importantly, small business start-ups. These in turn provided the incubators that gave birth to such technology behemoths as DEC, Intel and others.
Dr Kressel then shows us that the improvements in the secondary education system in the United States fuelled these new companies and together with significant venture capital, nurtured a large number of new companies. These companies had the heft to eventually produce the high performance optical systems, computers and servers necessary to populate early distributed data networks. These were born out of US government-sponsored activities to devise resilient data networks that could survive potential threats emerging from the Cold War of the 1970s and 1980s. These networks eventually were to become the Internet, a pervasive network that now has affected us all and which provides us with the infrastructure today to instantly communicate on a global scale and to provide an easily searchable database that enriches both our work and home lives. The author shows how the technology has disrupted many industries and has resulted in the loss of many companies who have not been able to respond to change in a timely fashion. He demonstrates that the Internet has given birth to countless companies that capitalize on the network to provide new services and industries but also points out that it also threatens today's telecommunication companies since the high available bandwidth agnostic to the flow of voice, data and video provides new opportunities for a new breed of service providers to bypass the legacy voice networks.
These technology shifts also bring about the emergence of knowledge and capability in other parts of the world and provide the infrastructure to transfer the manufacture of these key products and in some cases, their design. This in turn could threaten the developed economies by hollowing-out the industrial sector of these developed nations and stimulating the economies of the developing nations, which now can service their own needs. Dr Kressel concludes by pointing out that developed economies must develop internal policies that protect their important leading products and their manufacture while still providing a competitive framework that fosters new products to renew the cycle.Competing for the Future: How Digital Innovations are Changing the World Overview

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