Business @ the Speed of Thought – Succeeding in the Digital Economy is an amazing book brought out by the leading American business magnate and the former CEO of Microsoft, William Henry Bill Gates and Collins Hemingway in 1999.
Business at the speed of thought
If the book was read at the time of release it would have felt as if it was a science fiction edition but due to the foresightedness of Bill Gates, things have been happening now as predicted a decade ago.
The contents of the book primarily emphasizes on the digital nervous system that the companies should posses in order to excel and succeed in the transformations of the digital economy.
It gives an insightful purpose on how to integrate companies’ processes with information and technology that streamlines the businesses.
More explanation is given in the areas of technology, business, information, infrastructure, digitization, systems and networks.
Combining these components will certainly provide a nervous system that will outperform the career competition to serve the needs of the people.
Then Chairman of Microsoft discusses on how a digitally empowered technology will transform the nature of businesses to overcome the challenges in the current market environments.
The book gives a clear idea why internet, computers and connectivity are critical to the growth of a business in managing cost, improving process performance, sharing knowledge, maximizing profit and stabilizing business operations in the office.
The main chapters in the book are given below to help you give an overall picture and some career insights:
- Information Flow in your Lifeblood
- Commerce: The Internet Changes Everything
- Manage Knowledge to Improve Strategic Thought
- Bring Insight to Business Operations
- Special Enterprises
- Expect the Unexpected
A small passage from the book is given below:
Business Lesson: “A lousy process will consume ten times as many hours as the work itself requires. A good process will eliminate the wasted time; technology will speed up the remaining real work.”
How far is this book important and useful to the Indian citizens?
Undoubtedly this is an interesting question that should be answered by each one of us. India is on an edge to digitization in the fast growing economy and emerging businesses.
It is evident that the shift in the transfer of knowledge and information is slowly gaining momentum in the developing economies.
Most of the systems here are being transformed towards the benefits of the common people to have better career, administrations, operations and services.
So the need to change and adapt to the implementation of internet facility to the rural areas, the need to process information in hospitals, government bodies, educational institutions, research centers, public departments, e-commerce, banking and billing systems are inevitable in the 21st century.
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Great post.