Knowledge Society

 Commenting on the sea changes taking place in Knowledge Society, Peter Drucker observes, “No century in recorded history has experienced so many social transformations and such radical ones as the twentieth century. They, I submit, may turn out to be the most significant events of this, our century, and its lasting legacy. In the developed free-market countries --- which contain less than a fifth of the earth’s population, but are a model for the rest --- work and work force, society and polity, are all, in the last decade of this century, qualitatively and quantitatively different not only from what they were in the first five years of this century but also from what has existed at any other time in history and in their structures.”

The main points that flow out from these observations about the Knowledge Society are:

• The amazing speed and rapidity with which these changes have taken place in the twentieth century.

• The changes have affected each and every aspect of the life of people.

• The changes have been triggered by great advances and development of the synergizing science and technology.

• The converging computer and communication technologies have provided unprecedented facilities for knowledge recording and dissemination.

• These changes are seen in the western societies most conspicuously;

• A new class of knowledge workers is emerging, considered as the intellectual capital of an organization.

• Most importantly the power foci is shifting largely on account of the substantial economic transformation of wealth, its distribution and concentration.

• There has been an unequal distribution of wealth, power and benefits even in the industrially developed countries.

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