The social impact of hyperconnectivity

Economist Intelligence: EIU
27 Nov 201404:57

Summary

TLDRGrant Flank from the Oxford Internet Institute discusses the social, political, and cultural impacts of internet hyperconnectivity. He highlights that while hyperconnectivity facilitates long-distance friendships and business opportunities, it doesn't increase the number of friendships due to emotional and time limitations. Businesses benefit from wider reach but face heightened scrutiny over customer service. Hyperconnectivity trends are driven by the young, well-educated, and wealthy. In developing countries, mobile phones have revolutionized communication, but the next leap requires expensive fiber infrastructure. He emphasizes the critical role of education in leveraging hyperconnectivity for modern high-tech jobs.

Takeaways

  • 🌐 Hyperconnectivity allows people to communicate more easily across distances, enhancing friendships and social relationships.
  • 🕒 Despite increased connectivity, the number of friends people have remains limited by time, emotional energy, and attention.
  • 💼 Hyperconnectivity benefits businesses by making it easier for people to discover products and spend money online.
  • 👎 Bad customer service experiences are now more visible online, which can harm business reputations more easily.
  • 📊 Hyperconnectivity is especially prevalent among the young, the well-educated, and the wealthy.
  • 💸 Wealthy individuals are early adopters of new technologies because they can afford to take risks with new products.
  • 🎓 Well-educated people tend to be more discerning consumers, consulting reviews and expecting higher-quality products.
  • 📱 Mobile phones have had a huge impact in developing countries, replacing landlines and improving communication.
  • 📶 However, the limited bandwidth of smartphones may restrict long-term growth in developing countries without fiber-optic networks.
  • 🏫 Education is crucial for modern jobs, and governments need to invest heavily in schools, teachers, and technology to keep up with the demands of a high-tech economy.

Q & A

  • What is hyperconnectivity, and how does it affect social relationships?

    -Hyperconnectivity refers to the ability for people to communicate much more easily, especially over long distances. It allows individuals to form and maintain friendships across distances in ways that were previously not possible. However, despite this increased connectivity, the number of close friendships people maintain hasn't changed significantly due to time, emotional energy, and attention span limitations.

  • Has hyperconnectivity led to an increase in the number of friends people have?

    -No, despite the ease of staying in touch with others through hyperconnectivity, the number of friends people have today is similar to historical norms. People's capacity for friendships is still limited by factors such as time, emotional energy, and attention.

  • What are some business implications of hyperconnectivity?

    -Hyperconnectivity allows consumers to discover and purchase products more easily. However, it also increases the importance of customer service, as negative experiences can be easily shared and found online, potentially impacting a business’s reputation.

  • How does hyperconnectivity affect customer service in businesses?

    -Hyperconnectivity makes customer service more crucial because negative interactions can be posted online for anyone to see. This increased visibility means businesses must be more attentive to customer satisfaction, as potential customers can easily find reviews and complaints.

  • Which demographic groups are early adopters of hyperconnectivity, and why?

    -Young people, the well-educated, and the wealthy are early adopters of hyperconnectivity. The wealthy are particularly desirable for businesses because they can afford to try new products with less financial risk. The well-educated are also frequent buyers but tend to be more discerning, relying on reviews and the quality of products.

  • Why are the wealthy considered early adopters of internet products?

    -Wealthy individuals are early adopters because they have the financial resources to try new products without significant risk. They can easily spend money on new items, and this makes them valuable to businesses.

  • What is the role of education in hyperconnectivity, especially in terms of consumer behavior?

    -Education plays a dual role in hyperconnectivity. Well-educated people buy more products, but they are also more critical and tend to consult reviews before making purchases. This makes them more sensitive to product quality, which could be a challenge for businesses pushing inferior products.

  • What are the limitations of mobile phones in developing countries in terms of hyperconnectivity?

    -While mobile phones have had a major impact in developing countries by replacing landlines and enabling communication, their limited bandwidth restricts their long-term potential. For greater impact, these countries will eventually need to invest in fiber-optic infrastructure.

  • Why is fiber-optic infrastructure important for the future of hyperconnectivity in developing countries?

    -Fiber-optic infrastructure is necessary for faster and more reliable internet connections that go beyond the limitations of mobile phones. However, laying fiber is expensive and competes with other crucial needs like health, education, and basic infrastructure.

  • How does education factor into the future of hyperconnectivity in developing countries?

    -Education is critical for modern high-tech jobs, which means governments in developing countries must invest in schools, teachers, and training. This is essential to ensure their populations can benefit from and contribute to hyperconnected economies, although it is a significant investment.

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Related Tags
HyperconnectivitySocial ImpactBusiness TrendsFriendshipsMobile PhonesWealthy ConsumersEducationDeveloping CountriesInternet AdoptionCustomer Service