Twenty-eight years ago, psychologist and computer scientist Herbert Simon observed that the most fundamental consequence of the superabundance of information created by the digital revolution was a corresponding scarcity of attention. In becoming information-rich, we have become attention-poor.
The three technologies that have powered the information revolution - computation, data transmission and data storage - have each increased in capability (and declined in cost per unit of capability) by about 10 million times since the early 1960s. It is as if a house that cost half a million dollars in 1964 could be bought today for a nickel, or if life expectancy had been reduced from 75 years to four minutes.
This has unleashed a torrential abundance of data and information. But economics teaches that the counterpart of every new abundance is a new scarcity - in this case, the scarcity of human time and attention. The cost of one's time (approximated, for example, by the average wage) relative to the cost of data manipulation, transmission and storage has increased roughly 10-million-fold in just over two generations - a change in relative "prices" utterly without precedent. This, above all, is what is driving the evolution of online behaviour and culture, with profound implications for the production and consumption of knowledge. The primary consequence is the growing emphasis on speed at the expense of depth.
Behaviour inevitably adapts to conserve the scarce resource - in this case, attention and time - and to "waste" the abundant resource. Thus, for example, much of the new technology's capability has been spent on simplifying interfaces and reducing communications latencies essentially to zero; both of these conserve precious time for users. The same motive has also spawned a plethora of indexing and searching schemes, of which Google is the chief example. These are all seeking to be attention-optimizers.
Today's information technology is nowhere near its theoretical physical limits, though many engineering and cost hurdles may slow development after 2015. Nanotechnologies and quantum phenomena nevertheless promise to support a new growth path for decades to come. For example, a recently announced storage technology using carbon nanotubes may allow digital information to be held without degradation for a billion years or more - an innovation that would eliminate the major shortcoming of the digital archive.
We may think metaphorically of the production of knowledge as a function of "information" and "attention," with attention understood as the set of activities by which information is ultimately transformed into various forms of knowledge. By virtue of its unprecedented impact on the relative prices of information and human attention, information technology is driving a correspondingly profound transformation of knowledge production, the main feature of which is a shift of emphasis from "depth" to "speed." This is simply because depth and nuance require time and attention to absorb. So as attention has become the dominant scarcity, depth has become less "affordable." Moreover, with information so abundant, strategies are needed to process it more quickly, lest something of vital interest or importance is missed.
THE 24-HOUR KNOWLEDGE CYCLE
Knowledge is evolving from a "stock" to a "flow." Stock and flow - for example, wealth and income - are concepts familiar to accountants and economists. A stock of knowledge may be thought of as a quasi-permanent repository - such as a book or an entire library - whereas the flow is the process of developing the knowledge. The old Encyclopedia Britannica was quintessentially a stock; Wikipedia is the paradigmatic example of flow. Obviously, a stock of knowledge is rarely permanent; it depreciates like any other form of capital. But electronic information technology is profoundly changing the rate of depreciation. By analogy with the 24-hour news cycle (which was an early consequence of the growing abundance of video bandwidth as cable television replaced scarce over-the-air frequencies), there is now the equivalent of a 24-hour knowledge cycle - "late-breaking knowledge," as it were. Knowledge is becoming more like a river than a lake, more and more dominated by the flow than by the stock. What is driving this?
Most obvious is the fact that the media by which electronic information is presented and manipulated permit it to be changed continuously and almost at no cost. Information products are therefore constantly evolving, for the simple reason that, faced with the option, who would not choose an updated over an outdated version? By the time information products eventually come to rest, they are very likely to be considered obsolete. In the cutthroat competition for attention, they are no longer "news."
Consequently, there is little time to think and reflect as the flow moves on. This has a subtle and pernicious implication for the production of knowledge. When the effective shelf-life of a document (or any information product) shrinks, fewer resources will be invested in its creation. This is because the period during which the product is likely to be read or referred to is too short to repay a large allocation of scarce time and skill in its production. As a result, the "market" for depth is narrowing.
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