Skip to main content

Business asteroids

 

Several million years ago asteroid in a size larger than the moon hit the earth and wiped most of the species leaving the dust particles to afloat. Since then, asteroid is identified as mostly a negative thing. In fact, many historians believe that that was the turning point to the second life of the planet. Generally, we could see people referring asteroid as capable of destroying anything. This true, but it is not complete. The sentence only fulfills the moral meaning when we add “and bringing the new world of new opportunities”. We would be survived if it hadn’t happened amid the dinosaurs. We must have gone extinct long before. It is common to assign asteroid anything that is about to wipe out the old and bring the new.

   The term Business asteroid got popular in the last two decades. Reason: we barely saw anything before. Like an actual asteroid it is perceived as wrong at its entry. Many people said it would not be a problem for them. Some sided with ´this is shit and child play’. But when it hit the world, it did what it’s capable of. It wiped out the industry and rebuild it for a new version of sapiens. And people resisted it got wiped off with the belief.

The digital photography entrance was an asteroid.  It bushed the old film industry and those who resisted the change got left behind. Kodak with its billions of market capital faded because they resisted the change. They thought, with the billions they could bribe the industry and refrain from the change. They failed and nearly out of business. They competed against the asteroid and failed to surpass the effect. But those who started along with digital photography made the profit. They were lucky that the asteroid hit despite the unemployment it created. The digital world conceded employment. The only loss was for the companies like Kodak. How could a billion-dollar company with decades of industry experience didn’t see that coming? Actually, they did, but did the wrong math and refused to join the early adopters. This is visible in any area now. Since the rise of the digital arena, asteroids are hitting more often and disrupting the field. It became prime important to adapt to the change.

 The pace and size at which these asteroids strikes have a proportional impact. Technologies like AI and Blockchain are such disruptive digital business asteroids. It is capable of reinventing the whole world. Even though it is a digital associated invention, the scale at which it impact would proliferate many visionaries to think twice and act in accordance. Despite their parent software industry, these technologies are disrupting the hardware industries such as electric vehicles and manufacturing machines. Of course, it will make thousands unemployed, but it would create vast opportunities that might serve millions to find a new job on the flipside.

The only question that can bring a change might be “are we ready for the change?”. Without change, we cannot survive. And change is super-exponential.

Labels:

Comments

Post a Comment

Most viewed

Growth is super fast

  Looking at the rate of growth of the world, we could arguably say that the growth is accelerated from the last two decade. The graph is clearly exponential. It is already predicted that the it would be further exponential. From the eyes of this decade, it is most likely to find a horizontal graph when looking at couple of centuries before. There were agricultural, industrial and even the cognitive revolution took place. It is considered to be the slow growth period relative to what is happening now. But for a person living at the time of industrial revolution must have thought that it was the biggest ever revolution that happened so far. That is totally right. Not a single country dared to expel it. Most of them feared of being left behind. Revolution became inevitable in the modern world. We are witnessing and partaking in lots of it. Among the foremost one is AI revolution. Some of the Scandinavian countries are still at the verge of digital revolution. They need some time to m...
Post a Comment
Read more

Observation is the key

Too much focused on work or anything is not good at all. Not for both personal and professional. Yet we repeat the same pattern. Insanely focused in a work could bring better results. But these might lead to filter out the things we think is not at all important. But it turns out that is wrong. Often the things we wish could have were the things we merely ignored. Relationship is an example. Relationship with children and spouse often get cold when obsessed with way too much work. It is very much easy to eliminate the non essential and focus on what's important. But as the life progresses, most people realise that is not true. Giving time to nurture the relations are important as much as finishing the task. In the end all that matters is how well the life gets better. Just merely by observing the things that we thought as irrelevant may seems like a great choice to have. You might rethink and crafts the better one.
Post a Comment
Read more

Time framing for success

 The problem with people who were used with instant gratification is that they would often assign wrong time frame with result analyses. What gets them to get their feet off the pride work is correlated with the measurement. The first few time blocks are always found to go against expectations. Without having the right time frame to measure, they often fall into the trap. The initials days or months always are meat to experiment and learn. During this learning process, things won’t go as expected and mistakes are necessary. Because learning at the early stages makes the person or the organization strong and keeps huge losses away in the near future.  This period is often misunderstood and depicted as a wrong scenario thereby instilling the wrong belief or notion of passion. This is imprudent in nature and could be fixed straight with understanding or guidance.   The range of possible net outcome differs different purposes. On a personal level, it requires less time a...
Post a Comment
Read more

Search

Searching for the things we think important often leads us to a prominent path. When we do such endeavours, we discover more things related to our fields. 
Post a Comment
Read more

Breaking down to the elements

Although after spending lot of time in studying and learning a particular subject , we stumble upon coming up with ideas. No creative way of expressing the bit of information gathered so far. Reading some books, going through multiple articles and talking to a lot of people (master at the things you wish to know )might help to boost the knowledge. But no use to making it a part of your thinking. I mean you can't. But it could be done. It doesn't mean that you have to work eighty hours a week, it means you have to know how to learn before learning. It's like making a smart move. Lot of scientifically proven techniques are available in the internet. All of it points at the same direction , it is to break the elements into its basic elements. If you are an aspiring entrepreneur craving to come up with innovation and creative ideas you must dig into the roots.   The reasoning done through own scrutinizing study leads to connect the probability streams to a great idea. " It...
Post a Comment
Read more

Diversify

Diversifying your portfolio is the best way to sustain in the market. When one goes down, other tops. But make sure that everything you invested was invested based on your knowledge.
Post a Comment
Read more

Ideas surpassing the pull

 When we see people taking about the things that is not yet discovered or existing, we often refer them as nuts. Some of the things they were referring makes least sense. And the probability of making it to the real world is almost null. These crazy ideas never made the mediocre to astonish. Instead it induced them to criticize and drag it to the ground over time. Yet some ideas turned real and surpassed the resistance . This is not uncommon.   Most of the ideas still gets reverted by mediocre pull. This world would have been a different one if there is no pull. But these pulls are, like some other barriers, meant to cross. Almost everything new has to surpass this resistance. Of it is strong enough, it will break the barrier. The strength of idea is a by product of the source where it born. A rigid determined source can often disrupt the pessimistic ambient field. Many ideas backed by less driven person dies with fear. And couple of years later, someone with powerful mindset...
Post a Comment
Read more

Focus on one thing

Concentrating on one field gives us a tremendous edge than giving a shallow focus on various different things. The difference here is that we get a lot of information from one sector which enables us to master the field.
Post a Comment
Read more

Long term investment

Both long term and short term investment are hard. Both requires a specific set of skills. When it comes to long term investment, patience is must. Because the money when invested for a decade needs no withdrawal to see the real compounded growth. Everybody see this power of compounding and they land into investment as soon as they can. Those people with real poor mindset always rely on their emotions for placing further entries and exists. If we look at those who had succeeded and made a massive wealth, we could see that one of the most important thing that aided their process of wealth creation is holding. They have this ground level patience and they hold for decades. That is a skill. Waiting for the returns from an investment that was initiated decades before. It is very much easy to see investment as an option with less work and preperation. But it is not. It requires skills to analyse a company fundamentally. Among thousands of companies, the one with right set of values gets i...
Post a Comment
Read more

Perfection paralysis

  Perfection can be said as an illusion. It is never fully achievable. People strive to become perfect at things that they love. They try so hard and the process continues. It is like infinity, there is no identified boundary. We tend to go forward hoping to achieve perfection. But the journey pays some meaningful dividends. The reason we build teams is to execute our plans perfectly. It is to an extent, could be done by defining a boundary or target. But without the boundary, it may sometimes turn into frustration.   Frustration comes in the way of rescheduling . Often people without a clearly defined goal stumble to arrive at a destination. Even at the time of shipping, they try to make the product perfect. They thrash multiple times and let every time the schedule go away. This is an ultimate sign of poor leadership. By doing this, there are no actual benefits. It often results in dry motivation. Employees loose enthusiasm and the momentum reverse. Sometimes products or s...
Post a Comment
Read more