Bizcommunity (South Africa) calls the burgeoning digital "second economy," described by SFI External Professor W. Brian Arthur in an October 2011 McKinsey Quarterly essay, one of the most significant business trends of 2012.
In his essay, Arthur said electronic transactions and information flows that remove human interaction from the process is creating a parallel second economy that runs deeper than social media and Internet commerce. He believes the second economy is growing so quickly it could surpass the visible economic system by 2025 and change the nature of work.
Read Bizcommunity's list of top business trends for 2012 (January 19, 2012)
Read Arthur's McKinsey Quarterly essay (October 2011)
Read the abridged essay in the Santa Fe New Mexican (December 19, 2011)
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