MORE IDEAS FROM THE ARTICLE
Four strategies for being a disrupter in this volatile industry:
There was a time when Netflix used to deliver DVDs on mail, but now they have disrupted the digital distribution of content. Google didn't have a viable business model till 2002, but now Youtube, Android, and its ads businesses are shattering records consistently.
We need to disrupt ourselves instead of getting comfortable in what we do now.
Every company can benefit from big data, and insights using analytics. It is no longer a luxury option, but an important growth driver for the business.
Your company's life depends on market and customer data, and harnessing data can be its strongest asset.
The companies which disrupt are the ones who adapt, remain agile, keep learning, and never get comfortable.
Have a concrete and compelling vision that attracts the right people who are smart enough to push it forward and turn it into reality for you.
Invest in people, give them the right skills, and build an environment of trust.
Just remember many companies started and flourished during economic downturns. If your idea is good enough, you don't have to worry about the economy and just keep building and refining your product or service.
Certain companies in the automobile and technological sectors experience a paradigm shift once a while, where once-dominant companies are usurped by the next wave of startups.
First-generation car manufacturers, once considered untouchable were rendered irrelevant by imported cars. Tech companies like IBM and Microsoft, which had a stronghold across the world for two decades, appear to be sidelined by newer players like Google, Amazon, and Apple.
In the future, change is the only certainty.
Workers, employers, and education providers need to be agile, flexible and prepared to adapt as technology continues to interrupt industries and change the jobs available.
Media started using discussing technology in corelation with "culture, economics, politics, labor, and media" around a decade ago. It was the turning point that Andressen foresaw in his article, "Why software is eating the world", that technology will revolutionize sectors and industries. Tech coverage by journalists became grandiose, pushing a narrative of not just technology, but the people behind it, as visionaries who create the future.
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