The 6D's of Exponential Growth

 

          (6D's of Exponential Growth Video By Peter Diamandis)

            In module 3 of Technology for leading and learning, we discussed Ray Kurzweil’s Law of Accelerating Return. This law, simply put, states that technology further advances itself by pushing its limits and revamping the linear way we see change and development. This is measured in stages known as the 6D’s, created by Peter Diamandis and Steven Kotler, which is what we covered in class. These 6D’s are digitization, deception, disruption, demonetization, dematerialization, and democratization. I found a video on YouTube directly from Peter Diamandis describing the 6D's of Exponential Growth. I feel it is very thorough and gives good examples. This is what my blog will be about today.  

                                                                   (See the references to view image (6Ds-Peter-Diamands.Jpg (960×720), n.d.)

           The first ‘D’, digitization, is essentially the conversion of everyday products into digitized items, thus making human life move more efficiently and effectively. Almost all of the activity and infrastructure in our daily lives is supported by digital. It means that humans can move more quickly, accurately, precisely, and surely become cheaper. Starting from the facility's financial transactions, trade, transportation, and healthcare industry to require digital engine capabilities (Umar, 2018). The next of the D’s is deceptions. This is the rate of which the development of digital technology occurs. At first, it’ll seem small and probably go unnoticed but is undergoing exponential growth.

 

           After deception there is disruption. This is where the product will shock the market by either disrupting a current industry or creating a new one. The technologies then play a role in subverting established industries. A classic example is Uber. It’s totally disrupting the taxicab industry (“Steven Kotler’s Six D’s of Exponential Technology,” n.d.). The fourth D is demonetization. Demonetization is the dramatic reduction of costs for products, now that they’ve been digitized. Once a technology has become digitized, the cost for that technology drops significantly. A great example is digital photography which was expensive and marginal quality 20 years ago. This is now “free” and super high resolution on your smartphone. (6 D’s to Exponential Growth -, 2017).

 

           The fifth D of exponential growth is dematerialization. This is the stage where independent products have been replaced and are now incorporated into devices such as mobile phones, laptops, and iPads. By entering the world of digital and disruption of the increasingly abundant information that is no longer possible to be stored statically in the limited hard drive capacity. Grow of nonphysical storage is dynamic and can be accessed anywhere and anytime. Thus the information and data are transferred into the Cloud (digital cloud) (Umar, 2018). The sixth and final stage of exponential growth is democratization. Democratization is the mass production of the products that were digitized and due to the products’ abundance, its price reaches zero or near zero. “Democratization is the end of our exponential chain reaction, the logical outcome of demonetization and dematerialization. This is what happens when physical objects are converted into bits and inserted in a digital platform, at volumes so high that their price approaches zero”. (Exponential Thinking, 2019).

 

           The 6D effect is used by big corporations to solve global-scale problems. This means the big companies we love like Apple and Microsoft, etc. will use it to better their companies by putting out more challenging technologies and products working our brains, and innovating society. For example, augmented reality is a disruptive technology. It pushes the human mind and challenges human wisdom. It’s technology that’s improving our way of living. The use of the 6D effect in computer science would lead to better resources and more exponential technologies available in computer science. For example, computers themselves are exponential technologies, having replaced the need to go to a storage room of physical paper files, they can all now be found within a single database. With this being said, more exponential technologies can be developed to help computer science. Some examples are 3D printing and artificial intelligence.

 

           In conclusion, the 6D effect of Exponential Growth is a smart and effective way to develop a product to meet the current climate of digitized products. The 6D’s, digitization, deception, disruption, demonetization, dematerialization, and democratization, is also beneficial way to change the growth of an object from linear to exponential. We as a society have benefitted from companies using the effect for their companies because we can now move efficiently and effectively throughout life, and at cheaper or even no cost. We also now no longer need to carry around heavy items due to the fact that they are now on one device. Module 3 was full of information on the development of products and correlates to module 2 on Moore’s Law. I enjoyed this module and look forward to the next one.

(See references to view image (6Ds-Infographic.Jpg (1000×2328), n.d.)

References

6 D’s to Exponential Growth -. (2017, August 3). https://www.thinkingbusinessblog.com/2017/08/02/

6-ds-to-exponential-growth/ 6Ds-Infographic.jpg (1000×2328). (n.d.). Retrieved September 10, 2022,                from https://www.diamandis.com/hubfs/Diamandis_March_2017-Theme/Images/6Ds-                           Infographic.jpg 

6Ds-Peter-diamands.jpg (960×720). (n.d.). Retrieved September 9, 2022, from                                                     https://images.squarespace-cdn.com/content/v1/61041554eb1e857ca22c3999/1629716686050-                J7L646GHTXEMILUC88BM/6Ds-Peter-diamands.jpg?format=2500w 

Exponential Thinking: Peter Diamandis’ 6Ds to leverage the B2B market. (2019, March 30). Blog                 Mercado Eletrônico. https://blog.mercadoe.com/en/english-exponential-thinking-peter-

         diamandis-6ds-to-leverage-the-b2b-market/ 

Steven Kotler’s Six D’s of Exponential Technology. (n.d.). Big Think. Retrieved September 10, 2022,             from https://bigthink.com/technology-innovation/steven-kotlers-six-ds-of-exponential-                            entrepreneurship/ 

Peter H. Diamandis (Director). (2017, June 19). 6 D’s of Exponential Growth.                                                 https://www.youtube.com/watch?v=EMgO3xu1L70

 Umar, H. (2018). Asean: Handling Disruptions and Combating Corruption. International Conference of          ASEAN Prespective and Policy (ICAP), 1(1), 300–311.