Every Banks should listen to Lee. His basic premise; there is wasted brainpower in large corporations. Its turning people into idiots.

Some notes;
– IT syhstems don’t understand how people work.
– people work and think in terms of pattern matching
– organisations work linearly with tools like Outlook and sharepoint. – his example – you are in Africa; you see a lion – do you review a database for matching items, yellow blogn sharp teeth, large mane – no you run like hell. That’s because of instant pattern matching.
– IT worries about 70% of costs going to storage
– why don’t IT worry about collective intelligence?
– social tools emerging for productivity; blogs, wiki’s, tagging, subscription, aggregation
– read 100, tag 10, blog post 1 – this is a basic process of social reading writing, and filtering
– encourages orgs to seek collective intel
– large orgs have sufficient scale to gain network effect
– let’s org members get relevant info – info finds the individual

Finally, his suggestions;
– feeds for everything
– feed library management
– simple filtering tools
– tools to share collections, tags
– social search & attention data
– start small – pilots

Relevance to Bankwatch:
Individuals understand Internet, yet Banks don’t appear to. The tools and approach Lee speaks of will engage, educate, and provide new contexts for Banks’ that will move them forward in ways they cannot accomplish, with todays strategy development methods.