Saturday, April 23, 2022

Digital Transformation Inclusive Growth and Sustainability Challenges

Digital transformation and sustainability challenges:
Internet and convergence of technologies have created a digital takeover of all aspects of life to an extent that digital intrusion is now monitoring our most intimate details, which has produced a digital monoply of nearly all services,  and has recently created the ultimate buzz word  "digital disruption" which is actually a fuzz word.

There can be no sustainability without diversity. Diversity requires adherence to the principle of live-and-let-live. Digital disruption assumes the destruction of every thing which is non digital. However, Inclusive growth means allowing small competitors to survive and grow. Which is now an impossibility due to the juggernaut unleased by digital disruption.

Technology, especially digital technology is not value neutral. is
1. Environmental sustainability: Diversity of plants, diversity of animals, diversity of habitats, diversity of water sources, diversity of terrains vs concrete mega urban jungles. Big dams vs small dams/ponds. Big cities vs small cities. Big petroleum energy production plants vs small solar/renewable energy generation where required, plastic garbage, pollution elimination,
2. Social sustainability. Diversity of languages, diversity of ethnicities, diversity of customs, diversity of cultures, diversity of relationships, diversity of societies... Lifestyle changes from throwaway consumerism, throwaway relationships, throwaway single use plastics and throwaway products to lifetime warranty products and reusable products.
3. Economic sustainability: Rich poor divide, 70% of global wealth is concentrated in 1% of the population, big 10 conglomerate MNCs hold 70% of FMCG markets, small enterprises instead of big huge Enterprises,  big producers vs small producers, big farmers vs small farmers, big manufacturers vs small customized on demand manufacturing, big giant retailers vs mom-pop stores, from GMO-preservative laden artificial food to fresh-natural-foods.
4. Small is Beautiful. Big businesses create monopolies and create market imperfections through opaque conglomerates. Small Enterprises are market efficient and transparent and do not have the piwer to create market imperfections

Digital transformation

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