information technology

Uh, look, we had Sonic featured on the call today, if you'd like to have a listen what my expert guest thought about that one.

Uh, the biggest loser, if you wanna say it like that, in terms of sectors, Infotech, which was off by 1.2%.

Here's a look at those tech names with WiseTech off by one and a half percent, Life360 and NextDC down by 3%.

Okay, getting across some of these top stories and REA shares in focus after the ACCC found potentially anti-competitive conduct in its agent contracts with REA agreeing to remove the disputed clauses for three years.

Exactly.

The attacker, whether that is a compromised insider acting under duress or maybe an external adversary who has achieved persistent access in the IT network, they're targeting the HDL, the hardware description language.

And the HDL is basically the blueprint, right? Right.

It's the ultimate golden reference model.

I've been studying high-performing technology organizations for, uh, 28 years.

Why did you write a book about IT set in a manufacturing plant?

There is a book I suspect you've heard of called The Goal.

It, it changed my life.

In the high performers, everyone's able to do what they need to do because they have independence of action, and that's enabled because everyone has what they need, when they need it, at the right time, in the right format, with the right decision rights and the right authority to do what they need to do.

And then the opposite side, you know, we try to describe in The Phoenix Project, and it was absolutely what showed up in The Goal, was, uh...

[gentle music] Welcome to the IT/OT Insider Podcast.

Um, very, very special guest today.

In post-capitalism, you argue that the economic paradigm that lasted until 2008 involving fiat currency, finance-driven growth, and credit was undermined by information technology.

I think it would be a good place to start by explaining why did information technology undermine that?

So when I was writing post-capitalism, I was dealing with two things.

we should call them emergent phenomena.

So if you just take these kind of kondratiev waves or Schumpeterian waves, mutations as capitalism's norm, which is a big mind bender if you're on the left, then the issue is, well, what is the likely mutation that we will live through as a result of the networked information revolution? And what I said is what Drucker said.

25 years before.

And what Paul Romer said, information technology is different.

It may not create a successful mutation.

Yeah, go ahead.

And I've got a story about a disgruntled IT help desk person that was berated by an executive for that very reason.

It didn't go well.

Well, then, all right, so then options two and three, where you're going about it a little more methodically, there's resources not only up front to go and define all these things, but in all three cases, how are we going to manage this going forward? Bob transferred from accounting to HR or from marketing to sales or from IT to...

some other role, we've got to make sure there's a way of communicating those changes so that changes to their access follows them.

And there are ways that there's human ways of doing that.

So just don't agree.

Yeah.

I've enjoyed the opportunities it's given me, and I think we'll come onto it maybe as, as we go through.

But it's allowed me to talk to lots of end users, right, and, and, and other, other people like that.

I'd, I, I struggle if I was just talking to IT folks the whole time, and that's no dis- no disrespect to everybody [laughs] who works in IT.

But I just quite enjoy talking to, um, the actual users of technology.

So yeah, I guess that's, that's why I can explain a bit more maybe, but, but I think that's probably why I've stuck to that core technology because, A, I find it interesting and enjoyable, and B, it's, you know, it has been a growth area as well, let's be honest.

So for me, like, the graduate program at Cap was, like, super exciting because I did...

Honestly, I did everything from workshop facilitation, like to testing software, to writing requirements, to training end users, to migrating data.

And each one of those things helped me understand something in the sort of IT world, and each one of those things I can look back on today and go, "Okay, cool.

I remember there was a terrible rainstorm the night before.

We were saying goodbye to one of our colleagues, Alan Dobrin, who'd been the Department of, uh, Information Technology commissioner.

Um, and then, uh, you know, September 11th, 2001 dawned a blue sky day, and I was, uh, getting ready to go down to City Hall from my apartment in Greenwich Village, and then I heard this loud noise and I actually saw, uh, the, the steel belly of the first plane, uh, fly over, um, my apartment window.

Um, and it, uh, uh, you know, it was low and loud and there was nothing, um, you know, no frame of reference that could explain it.

Muito.

E pra quem nos ouve e não é de TI, uma condição de corrida é tipo se duas pessoas tentassem sacar o mesmo saldo de uma conta bancária em caixas eletrônicos diferentes, no exato mesmo milissegundo.

Perfeito.

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