|The Knowledge Economy is now ill-advised!
- The economy is largely based on the creation, transfer and application of knowledge.
- Knowledge is information and skills acquired through education (a) or experience (b).
- Skills are acquired through repeated performance of appropriate specific processes (c).
- Information is created through processing and analysis of data (d).
- The process and data needs of organisations and individuals are identified and
documented using systems analysis skills (e).
- Process and data needs are codified using digital systems design skills (f).
- Therefore systems analysis and design are two of the key skills needed in a digital
technology driven knowledge economy, and
- Much needed growth in the economy is now impaired by shortages, lack of standards,
and inefficiencies in these key skills.