The Open Economy, a report by Samsung, on the dramatic changes technology. A new report commissioned by Samsung reveals that by 2020 companies which have not opened their borders to competitors, innovators and a new generation of independent freelancers will struggle to prosper in what Samsung calls the ‘Open Economy’.
This new Open Economy will be characterised by a deep use of freelance workers, routine embedding of startup driven innovation and a new kind of collaboration between former competitors.
Over the last decade, thanks to the ubiquity of mobile technology, businesses have become more open and collaborative and have a clear understanding of the benefits compared to existing ‘closed’ business models. However, within just three years, organisations will be operating in a world much less restricted by technical or human boundaries. People, data and ideas will be integrated into current business models more freely, yet it will be crucial for businesses to get to grips with, and fully embrace, the agile technologies and expectations of tomorrow’s work culture.
To thrive in this world of new technologies and highly dispersed digital workforces, companies will need to embrace security platforms which will allow them to share information openly but safely. This, in turn, will force them to fundamentally rethink how they build their business models and the technologies they depend on.