Systemic Risk is the risk of a breakdown of an entire system rather than simply the failure of any individual part. It is a product of the way the parts act & interact across the whole system to create the emergence of a critical system state and systemic crisis.
As the Industrial Age appears to be coming to a close we are left scrabbling for new terms to define the world we live in in the 21st century and there are no shortage of candidates from the Space Age to the Information Age to Globalization
Hyperconnectivity is the notion that people are connected to each other and to different devices and devices are connected to each other in ways that they haven’t ever been in the past that creates an interesting proposition because if everyone can theoretically be connected to every other person on the planet at any point then that means we are thinking less about linear systems and much more about networked systems… so the business models change fundamentally by thinking through networks as opposed to thinking through linear chains
We happen to be living in a very unique period of time where the confluence of factors such as demographics, natural resource depletion, concerns around income inequality, and the disruption of technology are now setting in