Found it somewhere, I think worthy reading
In 1998, there were 170,000 employees working in Kodak and they used to sell 85% of the world’s photo paper..In a few years, digital photography drove them out of the market .. Kodak went bankrupt and all his employees went on the road.
There was no shortage in the quality of all these, yet they went out of the market!!
They did not change in time, at the right time and over time the market had found an alternative to them!! This happens everyday in all walks of live from love affairs to politics.
You know that in the coming 10 years, the world will change completely and 70 to 90% of the industries running today will be shut down.
Welcome to the Connected Revolution of Systems Thinkers where we know and agree that:
“There is nothing more permanent than change, CHANGE is the most permanent phenomenon in the universe…”
Uber is just a software. Despite not having a single car of his own, it is the largest taxi company in the world.
Have you ever seen a high street store called Amazon, yet Amazon is the largest retail shop in the world.
Airbnb is the world’s largest hotel company, even though they do not have a hotel of their own.
There are many examples such as paytm, ola cabs, oyo rooms.
There is no work left for young lawyers in the US now, because IBM Watson software gives better Legal Advice in a moment because they use algorithms to reach a decision.
In the next 10 years, 90% of US lawyers will become unemployed … those who will save 10% … they will be Super Specialists.
The same is going to happen to doctors.
Software named Watson performs Cancer Diagnosis 4 times more accurately than humans. By 2030, computers will be more intelligent than humans. Artificial Intelligence (AI), Machine Learning (ML), and Argumented Reality (AR) are already with us today and there is no going back.
In the next 10 years, 90% of the cars will disappear from the roads around the world… those who will survive will be either Electric Cars or Hybrid… Roads will be empty, Petrol consumption will decrease by 90%, all Arab countries will go bankrupt.
You will get a car from a software like Uber and in a few moments a driverless car will be standing at your door … If you share it with someone, then that ride will be cheaper than your bike. Fast forward another 10 to 20 years there will be drone taxis flying all over controlled by robots using blockchain technology operating on quantum computers.
99% Accidents will be stopped due to cars being driverless .. This will stop the business called Car Insurance.
No employment like driver will be left on earth. When 90% of the cars disappear from cities and roads, problems like Traffic and Parking will automatically disappear … because one car will be equal to 20 Cars today.
5 or 10 years ago, there was no such place where there is no PCO. Then when the mobile phone came in everyone’s pocket, then the PCO started to shut down .. Then all those PCO people started selling the recharge of the phone. Now you can recharge online.
Have you ever noticed ..?
Nowadays, every third shop in the market nowadays has mobile phones.
sale, service, recharge, accessories, repair, maintenance.
Now everything is done with Paytm .. Now people have started booking railway tickets from their phones too .. Now money transactions are also changing .. Currency Note was replaced by Plastic Money earlier and now it has become digital.
The world is changing very fast .. Keep the eyes and ears open or else you will be left behind…. This a permanent phenomena no one can run away from it’s called “Desruptive Innovation”.
Disruptive Innovation refers to a technology whose application significantly affects the way a market or industry functions. An example of modern disruptive innovation is the Internet, which significantly altered the way companies did business and which negatively impacted companies that were unwilling to adapt to it.
Then there is Desruptive Technology
Disruptive technology refers to any enhanced or completely new technology that replaces and disrupts an existing technology, rendering it obsolete.
A disruptive technology sweeps away the systems or habits it replaces because it has attributes that are recognizably superior. Recent disruptive technology examples include e-commerce, online news sites, ride-sharing apps, and GPS systems.
Prepare to change over time and the time is now.
A person should also keep changing his business and his soci-economic and political vision (the world around you) over time because looking in one direction when the world is shifting will……. well I guess you know the result.
“Time to Time Update and Upgrade”
Move with time and achieve success.
The crocodile is one example of an animal that has outlived great catastrophes that have befallen earth for 200 million years why? Because it’s naturally adapted to new environments from being able to live in water and on land to being able to go for a year without eating a major meal…….. the list is endless.
So a human being must be like a crocodile by looking into the future:
Artificial Intelligence. …
Virtual/Augmented Reality. …
Internet of Things.
If your social leaders are not looking into the future Desrupt Them
Happy New year!!!