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Hyper-networked recession ”is a first”

by | Dec 3, 2008

The current financial climate is the first downturn to take place in a hyper-networked environment, it has been saidAny recession that arises out of the current economic turbulences is to be the first to occur in a "hyper-networked" business environment, it has been claimed.

Writing for the FASTForward blog, Joe McKendrick explains that modern technology has introduced working practices to the business world which did not exist the last time firms faced financial hardship.

Portability is one element of the new working landscape, he notes, which could offer some companies the necessary flexibility to absorb the impact of any business shocks.

"Workers are no longer those powerless pawns, locked into nine-to-five routines, subject to the whims of their employers," he writes.

Rather, access to portable networks allows individuals to make wider use of their skills and resources, he adds.

Companies looking to cater for such portability with their computer networks might consider the addition of a file conversion tool or document viewer to allow information to be accessed via different platforms.

McKendrick adds that, while the cyclical nature of business growth is inescapable, he believes the current economy is "diverse and resilient."

In a previous post on the blog, Bill Ives reported that mashups are being used increasingly in application development.

These cross-format software environments may incorporate a document viewer or file conversion tool to allow different elements of a project to be brought together.ADNFCR-1861-ID-18911387-ADNFCR