A Digital Debt Crisis & Why That’s Good.
It all seems very slick, the launch of the rabbit AI device, the AI pin, Apples VR headset, Google’s AI product launch video (that turned out to be fluffy stuff). The technology industry is well skilled in the art of hype and hyperbole. Yet there’s an aspect to all these technologies, rarely it seems, considered. That is technology debt.
We may perhaps, be headed to a form of Digital Debt Crisis. While it does have financial implications, it has other, sociocultural implications that could hamper current innovations and progress far more than any regulations and laws. Yet result in significant advances that are, in the end, much better for us.
What are the implications of a Digital Debt Crisis, can it be avoided and what might be the upside to such an event?
If we do end up in a Digital Debt Crisis however, it won’t be that one day we all wake up and feel immensely relieved that there’s no notifications on our devices or that we get a day off because all the systems at work are down. Nor will planes fall out of the sky in Hollywood fashion. It will be a slow, accumulating effect, perhaps over a period of years. It may already have begun and a signal might be the productivity paradox Information Technologies gave us.
