Digitize Deceptive Disruptive Dematerialization Demonetization Democratization Technology is digitizing almost everything now. When a new technology is born, even if it is growing at an exponential rate, it is deceptive at first because people don’t know about it. Furthermore, exponential growth, at the early stages can be so small it seems invisible. However, because exponential growth is like time-folding, a repeated doubling, eventually it will move from deceptive, or unseen, to disruptive. Ultimately, it will grow so large and continue doubling that growth will be uncontrollable and explosive. Regarding dematerialization, Diamandis explains that as a society, we used to own several things physically that we now own in the form of smart-phone apps. For instance, we used to own a CD player, a watch, a camera, a video camera, a computer, a calendar, a GPS, a VCR, a TV, libraries of books and music, etc. Now all these things have become digitized and dematerialized. These and many more things are now included free with every smart-phone, including connection to the worldwide web. Not only can physical items become dematerialized, but entire industries. For instance, the movie rental industry was dematerialized by Redbox which was dematerialized by[…] »
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