We are living in a special economic time. A generation from now, we will look back and see that the 2010s was the decade in which commerce changed. We’ll see that traditional factors of production and wealth creation—capital, labor, and raw materials—were superseded by digital means of production: SMAC technologies coupled with massive amounts of data. It will be clear that this was the decade in which the digital lives of people, things, and organizations took shape—when the virtual took primacy over the physical. Code Halos are already beginning to create an entirely new economy, full of opportunities of unprecedented scale and possibility.
This transition has profound implications for individuals, businesses of all sizes, and public sector organizations: