December 17, 2016

overconnected

Key takeways from the book Overconnected by William H. Davidow :

  • connectedivity created new business models (e.g. railroad, internet)
  • overconnectivity can cause instability from positive feedback 
  • overconnectivity can cause vulnerability from overspecialization
  • complex systems are at risk of accidents and contagions
  • overconnectivity was a factor in the collapse of Iceland and the subprime crisis
  • need to reduce the positive feedback (e.g. through regulation), design more robust systems and restructure overconnected systems

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