6th Paradigm: "everything as a service" (cloud computing)

Another "gem" podcast from IT Conversations
... won the "Most Insightful Speaker" Award on eComm ...

here is the transcript:
Europe 2009 Transcript: Platforms, Markets & Bytes - the Economic Landscape of the 6th Paradigm (Sean Park) - Emerging Communications Blog

...long economic cycles... are driven by technological revolutions...

Since the first one of the modern era, which was the Industrial Revolution, she posits that there have been five. Each of these revolutions is accompanied by a set of best practices. The economy, the society, and the institutions need to adapt to this revolution they change. You get interesting affects in terms of how the economy diverges from the financial markets and a lot of this, again skating over it, has to do with the fact that technology tends to move exponentially or adoption of new technology moves exponentially whereas our social and cultural institutions move linearly. There is a divergence and it takes us time to get our heads around the way the world will work in this new paradigm. She calls it a "techno-economic paradigm".

Here are the five that she's identified:
* Industrial Revolution,
* Steam and Railways,
* Steel/Electricity,
* Mass Production, and the last one is
* the Age of Information and Telecommunications.
My thesis is that we're coming to the end of that fifth paradigm and we're about to enter the sixth paradigm
...
What will drive the sixth paradigm?
* cloud computing - cloud computing may be a catch phrase, but ubiquitous computing storage might be the technology that drives the sixth paradigm, where you have "everything as a service".
...
Another factor driving the sixth paradigm is what I call "exchange ubiquity". I didn't really have a good catch phrase for this. Exchanges (marketplaces) are now everywhere...

http://www.parkparadigm.com/