Business
Things have been a little, strange lately. Everywhere. Design students say that a new culture will be born out of this period and will have its spill-over effects on for not just months but on several years to come. Popular opinion also suggests this forced upon change to New World Order was much needed for a lot of those who were betting and building technologies and solutions that were “too far advanced” to be adopted. A lot of us wouldn’t be relevant (economy value-add point of view) after the storm settles unless they seriously up-skill themselves to keep up. Value creation is the only way out and would probably be the only survivor. Hyper Cycle Map by Gartner Inc graphically represents maturity and adoption for technologies and applications. This assists an organization to understand where a product/technology is on the maturity curve and in turn help assess the risk profile of pursuing it. As a Founder or CEO of Product, there are pressing questions like “Do the rewards outweigh the risk?” I am no expert but these factors came out consistent whether in IT or Engineering from my personal experience. The following items act as a North Star to almost any business. Commercial Advantage Increased Productivity Cost Reduction Improved Efficiency Automation Digitization More the items your technology is able to tick off, the better are the chances of you staying afloat. Why? because as a consumer, you are always striving to achieve most of these. In short, build what your consumer wants. Yes, Henry Ford also said, “If I asked them what they want, they would have said Faster Horses”. But I am no Henry Ford. Also, the 3 Ts that I saw mattered were Team Traction Technology Everything else is noise.