Skip to main content

Digitalization is disrupting

 Once we confirm the disruption of an industry, we either leave them or join them. But to join we need to level up our skills. Skills are now very overrated and are a key factor that decides the career further. It requires the mentality of shit from the reminiscent pattern to new. We need to learn and unlearn the skills. Because the now relevant skill will not be relevant tomorrow and tomorrow is way advanced than we used today. It is making the process of unemployment so fast today. Not intentionally, but to pace up with the technology. Clearly, companies that existed for centuries are now digitally backed up. Or the competition made them do so. Here game requires new equipment. We could say that digitalization played this heavy part. It wasn’t until from last decade that it began inducing fear among laggards. Because from there it is evident that everything regardless of their field is going to be digitalized.

  Digitalization is really disrupting the world. It is reinventing the industrial arena.  Thtere is nothing to wonder about out of the 5 most valued companies, 4 of them are digital. And this number grows for this reason. Moreover, it is easy to start an organization that is digital than the other. And there is a high success probability. Digital products are easy to use and no need for actual storage space. But we get nostalgic about the tangible products we used and spent a long time with. Again, NFT is there to solve the problem. It is proving that whatever we did with the touchy products are now possible with digital disruption. In the field of synthetic biology, digitalization is revolutionizing. Gene editing, which in the 90s cost more than a million dollars, lasted a decade is now possible with less than 1000 dollars and few hours. Besides, it doesn’t require a Ph.D. (* risk involved). Wait for a decade and you can do it by yourself. A few years ago, only people with cameras costing over thousands of dollars were shot the funny, extraordinary, and beautiful shots. It is now democratized. Democratization with the help of technology is a fever and is spreading like a wildfire. In one way or another, it is gonna affect your industry. You must be prepared.

  We often miss the scenario of existential threats, which is a big word but relevant. The problem is we are more behind the rewards and completely blind towards the risk. Risk-reward is an inevitable ratio. One cannot exist without the other
Labels:

Comments

Post a Comment

Most viewed

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

Correction happens

 Valuation should be taken into account before considering the investment. Once you find the company as overvalued, then you should stay away from it at least till correction. Correction is inevitable and for whatever it is, correction will happen sooner or later.
Post a Comment
Read more

Price movement and news

 Demand can be very well related to the need in the market. When something of nominal value gets high in demand, it usually gets attention. So, when the attention rises it draws masses towards. This time we can observe a price surge. This happens often in tradable assets. Let’s take an example of a particular stock. Usually, the price of the stock rises whenever good news is associated. This good news makes traders bring attention. Risk-takers invest based on this soothing news, which raises the price further. And soon it breaks the resistance and all retail investors start investing making the price move even higher. Even after days of news, it keeps the pace. Here people slowly start to form a consensus within themselves that the price won’t go much higher when reaches this or that point. Which makes people like him exit from there. When masses do this, it slowly reflects in the price movements. This leaves a panic among the general investors and they will start withdrawing mon...
Post a Comment
Read more

Results are oriented consistently

Whenever we expect a result, it will be grounded on the work involved. The more efficient the work, the better the outcome will be. Most of the time when we expect the results without putting enough work, we suffer. So making sure that we give the best while expecting a good result.
Post a Comment
Read more

Learning curve

 The learning curve is an actual depiction of what happens when we start to learn something new relative to time. It is easy for a novice to think that whatever he learns is not that hard. But the time goes, it is understandable that the motivation is dropping down and the learning is not as fun as before. It starts to decline down and down until to test the persons' enthusiasm. Those who just started as a fun activity drops here. it is really hard to sustain motivation here because this is the hard phase. Those who survive here go for long shot. This dip in the curve eliminates about 80% of those who started. It is a very mean way of finding the best, but it works. This can be observed from our own lives. it is the reason why we left some of the things that we thought would be beneficial for us. Those who are experts in their field went through this. They have gone so far by now. If we keep the process for so long until it crosses the dip, then it is possible to become an expert...
Post a Comment
Read more

Keep up with trend

It won't matter much whether the company is at the number one position in market cap, if it fails to keep up with the trend, it will go out of the business. there are a lot of examples in front of us. This busting off will result in the rise of the next big thing. The general motor was once the market cap champion. But the rise of the internet and technology brought thousands of companies, which now rules the entire business era. And companies in this field is now valued extremely high than any industry. The Internet gave access to the information that is once only available to the presidents and prime ministers to a common man. this is revolutionary and it changed the world. the world order keeps changing. every major change leads to revolutions. when this happens successfully with business, it is the next big thing.
Post a Comment
Read more

Traveling

Traveling may be expensive, but it offers a lot of exploration. We often tend to backnoff from travelling due to tightening money. Travelling should not be neglected. It gives us plenty of experiences and memories.
Post a Comment
Read more