Global IT Outage: It’s Time to DECENTRALIZE Everything
In my upcoming book The Frugal Economy, I make a very strong case for the DECENTRALIZATION of everything.
Specifically, we need to urgently decentralize 4 vital systems all our societies and economies critically depend on:
- IT infrastructure and networks (to gain in resilience)
- Supply chain operations (to boost both agility and efficiency)
- Workforce (avoid concentrating thousands of employees in a huge campus)
- Political and macro-economic governance (the need for cooperative federalism)
In a VUCA world characterized by terrorist attacks and cyber-warfare, having centralized IT, supply chain, and workforce will become the Achille’s Heel of Big Corporations and nations (as we experienced painfully after 9/11 and during COVID-19).
To avoid the crippling of our society’s mission-critical systems by a global IT outage as it just happened, businesses and policy-makers must seriously consider DECENTRALIZING their operations.
Read also the World Economic Forum article arguing in favor of decentralization of business operations.
