Bill Gates’ second book is about the impact of technology on the very nature of business itself. And how it will fundamentally change, thanks to a "disarmingly simple idea"—the flow of digital information through an enterprise, and beyond it.
The Road Ahead was a look at future technology, and that book had to be hurriedly updated because the real-world technology of the Internet overtook the first edition’s predictions. Business @ the Speed of Thought is about business. Aimed at "managers at all levels", this is a useful overview for anyone interested in being competitive—and, perhaps, staying alive—in business beyond 2000.
The book centers on a picturesque analogy and theme: a digital nervous system. It’s probably no coincidence that this also abbreviates to DNS, the domain name service that’s the backbone of Internet addressing. When working on a speech for a CEO summit, says Gates, "a new concept popped into my head: the digital nervous system. The corporate, digital equivalent of our nervous system, providing a well-integrated flow of information to the right part of the organization at the right time. It requires a combination of hardware and software, but it’s distinguished from a mere network of computers by the accuracy, immediacy and richness of the information it brings to knowledge workers, and the insight and collaboration made possible by the system."
"Business at the speed of thought" will be driven in part by the information access and tools that will alter the lifestyle of consumers, and their expectations of business.
"If the 1980s were about quality and the 1990s were about reengineering," says Gates, "The 2000s will be about velocity. When the increase in velocity of business is great enough, the very nature of business changes. A manufacturer or retailer that responds to changes in sales in hours instead of weeks is no longer at heart a product company, but a service company that has a product offering."
Today’s companies are used to using technology largely to "automate old processes and make them move faster," and not to fundamentally change the nature of the business. "Senior managers take the absence of timely information as a given…they’re not used to rapid information."
Among Gates’ recommendations for the first steps to a "DNS":
A companion to the book is not a CD, but a Website: speed-of-thought.com. Apart from excerpts from and summaries of the book, the Website shares many very readable case studies about Boeing, Xerox and others who, over the years, have had to implement a "DNS". Theres also a section to help you evaluate your companys infotech status, and to answer the question: Do you have a digital nervous system in place? The site suggests a number of "DNS solutions partners", including Baan, Cisco, Compaq, EDS, E&Y, HP, KPMGand, of course, Microsoft.
Yes, Microsoft should get a major PR and sales fillip from this book and the Website: they cover a large number of examples and processes within Microsoft and other companies, all using, of course, Microsoft tools.
"Thousands of suppliers and independent contractors meant thousands of paper invoiceswhich meant too many opportunities for an invoice to be misplaced or processed improperly. Microsoft needed a way to process invoices more efficiently, which it found with MS Invoice, a Web-based application that has not only streamlined the Accounts Payable process while improving process controls, but has also reduced internal processing costsfrom $19 per invoice to less than $4 per invoice."
Are you about to dash off to buy MS Invoice after reading this? Even if you dont, youll find this a very useful book indeed. And as readable as its catchy I-wish-I-had-thought-of-that title, doubtless with some eminent co-authoring. Strongly recommended. Excerpts
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