Towards knowledge economy 2.0: how new models of collaboration need to be evolved

Just as the steam engine triggered the first industrial revolution in the 18th and 19th century, and the internal combustion engine, along with the development of electricity, vacuum tubes, and transistors, triggered the second industrial revolution during the first half of 20th Century, and the rise of microcomputers with the internet and “www” unlocked the Info rmation revolution (Knowledge Economy 1.0),we now see the emergence of Knowledge Economy (2.0) enabled by a powerful convergence engine, driven by AI, AR, 5G, precision sensors, neuroscience, and the likes. This phenomenon is poised to unleash a new wave of possibilities. Organizations have to embrace this with a new mindset, using organizational models fundamentally different from the ones perfected and practiced during the last century.