Menu

CRITICAL ANALYSIS OF GLOBAL DEVELOPMENTS, TRENDS & IDEAS

Author

Erdem Tokmakoglu

Erdem Tokmakoglu has 5 articles published.

Beacons Over Mars

in Economics/Middle East/Politics/Technology/US by
Kizilgaha beacon tower

Lets begin with a question: How is trade created? At first an intellectual being defines a phenomenon and then that person (or maybe someone else who has somehow acquired that knowledge) generates an interest for it. Spontaneously that interest defines a need which ends up with an exchange. The difficulty of this process can vary; sometimes rocket science is required to define a phenomenon but sometimes it is as easy as lighting a beacon. For instance the Silk Road of the ancient world was not even a leveled sand road but rather several beacons lit by the locals to invite trade caravans. As a result goods, science and culture were transported to both ends of the known world, forming our past. It is of course a fact of history that trade has not only created immeasurable wealth but also caused devastating wars. Some countries boosted their intellectual capacity and flourished whereas some regions ended up covered by sand plagued by chronic instability. That’s why we read about geopolitics in our daily lives. History gave us a great example when colonialism overturned the existing Central Asian and Middle Eastern status-quo causing the wealth of European Empires’ to be revolutionary in every aspect at the expensive of…

Keep Reading

What is the Future of the Assembly Line?

in Business/Technology by

Production changed drastically during the last century and is continuing doing so without loosing any momentum. The most recognized technological shift occurred with Henry Ford’s use of the assembly line and progress has continued in a variety of fashions. One of these that is often overlooked is the use of robotization, an example being KUKA robots, which have reinvigorated factories over the past decades. Through this robotization and computerization more efficient solutions have been brought to the industry and now we are heading to another techno-climax. In this decade we will look for answers to the following questions: What will we consume and how how we will produce them? How will production tools change? Which raw and recycled materials will be used? Will production locations change? All those questions are bringing robots to the fore of the discussion. I have mentioned about the changes in means of the production promoting in-house production in my previous article “Decentralization of Production and Customization culture”. Also my cowritten academic paper with Eric Watson “Impact of Technological Trends: Scenario Planning the Next Technological Paradigm” aimed to project the possible scenarios. Though in this article I am going manipulate recent technological developments to create a better example in an effort to highlight…

Keep Reading

Chasing Innovation

in Business/Technology by

Urbanization has been the engine of modernization in Europe. For most citizens today, every event from birth to the grave including education, marriage, work and leisure, occur in cities. Cities are mirrors of cultures and regimes. McKinsey’s report entitled “Urban World: The Shifting Global Business Landscape” predicts the changes of the major cities in the next decade. According to the report, there are 8,000 companies that account for 90% of the total world GDP and third of those companies are located in 20 major cities that generate 40% of their revenue. McKinsey’s forecast shows that by 2025, there will be 15,000 companies to have headquarters in 330 cities, and 40% of these companies will be located in emerging economies. Additionally, according to UN’s estimations, between 2010 and 2050, over 40% of the world’s population will be living in cities. Other studies, such as the UN Habitat: State of the World’s Cities 2012/2013, present a prosperity framework which tries to achieve equitable distribution; where poverty is reduced, minorities have rights, genders have equal participation, energy is used efficiently and the quality of environment is increased. The UN also presents some facts regarding the rise in productivity with urbanization and they find two general categories…

Keep Reading

Causality and Big Data

in Technology by

“You see there is only one constant. One universal. It is the only real truth: Causality. Action, reaction. Cause and effect.“ The Frenchman America Online’s 2006 crisis and Edward Snowden’s disclosure got great amounts of public attention, criticizing surveillance parameters and the ethics of big data usage. In this article, I want to look beyond privacy and rather talk about institutionalization. The first thing we should ask is fundamentally how does a search engine work? As any statistical correlation study, big data also starts with sampling but rather than random distribution it collects everything possible where sampling becomes equal to all of the data. Interpreters then make several correlation studies, but usually interpretation ends up with probabilistic causality (factors increase the probability of another). This is normal because as the numbers get bigger, distortion becomes less visible and lets us see things that we have never thought about. Though as we have ‘smoking causes cancer’ signs on cigarette packages, we also should have ‘big data does not mean causality’ because things are getting wrong without any regulation and we have only started to see its implications. Causality is the relationship between one specific event with another and is generally used…

Keep Reading

Decentralization of Production and Customization Culture

in Business/Technology by

“Any customer can have a car painted any color that he wants so long as it is black.” Henry Ford Fordism, named after Henry Ford, refers to a modern economic system built on a standardized form of mass production using assembly lines. It was preceded by Frederick Winslow Taylor’s scientific management techniques whose objectives were to improve efficiency and achieve economies of scale. Thereafter, benefiting from standardized production methods, outsourcing models were developed and became a trend to reduce labor costs. As a result mass production became a major factor of international trade. Three years ago I wanted to produce mouthwash dispensers. They had a simple plastic design but the investment amount for 10 units was nearly the same as 500,000 units. This restrained me from testing the market because there was too much risk to produce without knowing market demand and whether the product would be easily replicable. At the time 3D printing was not popular, but now things have changed. 3D printing is an additive manufacturing method that melts plastic wire to create an object layer by layer. It can produce a variety of products by changing print heads using different types of material including plastic, metal, ceramic,…

Keep Reading

Go to Top