Location, Shillong, Meghalaya, India
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sunil.arora@digitiger.com

And you think your Business or Job is Secure

Welcome to the Blog with prime focus on Delphi & Pascal

For last few days I have been continuously pushed and pulled by a few friends like Dr. Samuel Madden ,Dr. William Mark and a few at Harvard Business Review, to participate in a yearly conference “AI WORLD CONFERENCE” in Boston, MA. I had been trying to forgo this opportunity and instead focus of a few other engagements in my native area but seems like I would have to attend the conference. So last night I was trying to catch up with several things in the field of AI when I realized the came  this shocking fact as how close to extinction , most of our current business and jobs are!

Till few years ago, there was no place without shops like PCO or Public Telephones. Then the mobile phones came, the PCO started to shut down and public Telephones started rusting. Then all those PCOs started selling the phone/handsets, recharge etc again. Now the recharge is also going on line, and these shops are once again facing closure.

Have you ever noticed ..?
Now a days every third shop in the market is now mobile phone. sale, service, recharge, accessories, repair, maintenance.

But in last few months retail transactions have been moving at increasing speed towards online wallets like  Paytm, freekarecharge,  AmazonPay,  AxisPay, UDI etc ..

In 1998, Kodak employed 1,70,000 employees and sold 85% of the world’s photo papers. Within the last few years, digital photography threw them out of the market. Kodak went bankrupt and all his staff came on the road. .

I am sure, lot of you would not agree with me on next. Can you imagine, that in the next 10 years, the business world will change completely and 70 to 80% of the business running today will be closed.

Welcome to the 4th or shall I say 5th  Industrial Revolution

Uber is just a software. They do not have a single car of their own, despite this they are the world’s largest taxi company.

Airbnb is the world’s largest hotel company, while they do not have a single hotel of their own. With their business growing at 25%+ rate, do you think they are giving birth to travelers? No, absolutely not ….. Sure, some new tourists have emerged but more or less, most of this growth of business for AirBnB comes at the cost of old timer Hotel chains 🙁 (my Hotelier friends, are you listening? )

Maximum number of Equity/Shares transactions across the world markets are decided upon and executed not by experienced brokers but through BOTS and automated systems.

79% all illegal financial transactions across the world are not really tracked by smart bankers or Super Chartered Accountants but through smart analytical computer systems.

82% of Terrorists are not tracked by Super efficient sleuths like James Bond or even by likes of Sherlock Holmes by again by 24×7 smart eyes and ears of eves dropping and monitoring systems….

95% of artificial limbs and body parts are actually manufactured using smart machinery driven again from Computer terminals ..sometimes going to the extent of even printing those body parts using 3D printers!

This is not much …..
……………………………………much more scarier hard facts are next …..

Exit the hard working professionals and advisors (like Financial/IT/Medical/Legal Advisors  and consultants)

……………………….and Enter Smart IBM Watson …………………

There is no work left for young lawyers in the US now because the software named IBM Watson gives better legal advice throughout the moment. In the next 10 years, 90% of Americans will become unemployed … who will save 10% … they will be Super Specialists.

Similarly other SO CALLED EXPERTS PROVIDING CONSULTANCY  services like Chartered Accountants (CA) are also fast losing their ground to Machine Learning / Artificial Intelligence based software and robots….

Lot of Pathological Laboratories and people working there are going out of business because The software named Watson (and it’s smaller clones) can diagnose Cancer and several such diseases  with 4x Accuracy as  compared to humans. In next decade the computer will not only be more efficient than humans (I think they already are) but would also be more accurate, secure and intelligent than we lazy humans.

 

By 2018, Driver-less cars will land on the roads. By 2020, this single invention will start to change the whole world in a big way.

90% cars will disappear from the streets of the world in the next 10 years … Ones surviving this revolution will either have electric cars or hybrid … roads will be empty (lot of traffic moving up in air or in fact lot even higher then our atmosphere to higher so called “Dead Zones” which are currently not yet used by best of airplanes, but chinese broke the barrier by sending drones flying in that zone.

You will request a car from a software like Uber and in a few moments, a driverless car will come flying to your footsteps … and the ride would be cheaper than your bike of today.

Due to being a driver-less of cars, 99% of accidents will stop. This will stop the business of Car Insurance.

No job like a driver will survive on earth.When 90% cars will disappear from cities and roads, problems like Traffic and Parking will automatically end … because a car will be equal to 20 cars of today, though this may lead to newer far more complex problems, finding solution for which might be far beyond our tiny brains and would need Artificial Intelligence based Robotized Police……

Most of you would remember most of the following:

HMT (clock)
BAJAJ (scooter)
DYNORA (TV)
MURPHY (radio)
NOKIA (Mobile)
RAJDOOT (bike)
AMBASDOR (car)

Friends … there was no shortage of quality in all these, yet they are out of the market. !!
reason…
Time shifted
but they did not do.!!

Hence…
Keep looking forward and re-evaluating  your business and future plans
Keep changing and updating your  (business) attitude
Keep doing it Time to Time. !!
Run not with time but try to run ahead of time and keep succeeding …….

Best wishes

For a future

Where we can remain and survive as master of the technology and not the vice versa …

Hope I have not bored you with my rumblings and perhaps stroked you gently to think and review, as how ready and tooled you are to not only survive but to grow with the future ……..

Your kind reviews and feedback is solicited  …please do leave comment below..

Please do note that all the technical terms, names, images are the copyright held by their respective owner. I am also linking to them or reproducing here for the sole purpose of illustration and do not claim any sort of right to any of those terms/names/material ……

 

 

One Response

  1. Nadeem Syed says:

    Research Paper
    Impact Factor: 5.471
    Refereed, Listed & Indexed
    IJBARR
    E- ISSN -2347-856X
    ISSN -2348-0653
    International Journal of Business and Administration Research Review. Vol.1, Issue.22, April-June 2018. Page 89
    WELCOME TO THE 4TH INDUSTRIAL REVOLUTION!
    Dr. Hemalatha R
    Assistant Professor, T John College, Bangalore.
    Abstract
    With the rapid growth in global trade, all the companies must now implement changes quickly along with the market speed.
    Technology provides a means to accomplish this. Firms must bring new products to market quickly while meeting
    customer’s quality and changing demands. To succeed in the international market place, firms must also drive out
    unnecessary development and administrative steps to reduce costs and product development times. The growth of global
    standards in quality and business processes has also increased the need for companies to use technology to implement the
    changes needed to meet new requirements.
    Technology assists every company with managing changes to operations. Companies have successfully reduced costs by
    examining business processes and eliminating actions that customers do not perceive as valuable. A key challenge for both
    company leaders and technology staff, however, is shifting focus from projects centered on cost reductions to projects that
    develop innovative products and drive revenue. Both companies and consumers have benefited from technology-driven
    improvements such as online orders, ticketless travel and just-in-time inventory management.
    Key Words: Technology change, Industrial Revolution, Digitization.
    Introduction
    Technology is part of culture; in fact, every culture. Therefore, it is incorrect to say that technology is changing the culture
    of India (or any other country). India, however, is changing the culture of technology. And that, to me, is what really
    matters. Until India became a technological super-power, technology was used mostly to increase production. India is
    probably the first country in the world to use technology to improve quality of life. We don’t, therefore, have companies like
    Microsoft, Google, Apple, Intel, Firefox, IBM, Adobe, and others, in India. Rather, India uses the resources that these big
    companies provide to improve quality of life in India.
    Problem Statement
    In 1998, Kodak employed 1,70,000, employees and sold 85% of the world’s photo papers. Within the last few years, digital
    photography made them out of the market. Kodak went bankrupt and all his staff came on the road, like wise – HMT (clock),
    BAJAJ (scooter), DYNORA (TV), MURPHY (radio), NOKIA (Mobile), RAJDOOT (bike), AMBASDOR (car).
    There was no shortage of quality at all, yet they were out of the market!! If we give a thought on the reason, it’s very clear – They have not changed over time….!! Do you have an idea that in the coming 10 years, the world will change completely
    and 70 to 90% of the people running today will be closed? Is it time to say – Welcome to the 4th Industrial Revolution…?
    Uber is just a software. He does not have a single car of his own, despite this he is the world’s largest taxi company. Airbnb
    is the world’s largest hotel company, while they do not have a single hotel of their own. There are many examples like
    PayTM, Ola cabs, Oyo rooms, Trivago. It is important to think, where the world is heading towards in terms of technology
    and adaptation of those updates for the survival in the competition.
    Literature Review
    All of the big technology driven companies have invested heavily in India. Therefore, India has all of the benefit of
    technology without any of the risk or expense. This is a brilliant strategy. And it is working. India is an open system, not a
    closed one. Therefore, we don’t need to build firewalls to shut out Google and nor do our industrialists need to hide the
    working conditions of their employees.
    In short, India has shown that technology is useful to people. But in other countries people are useful to create and maintain
    technology.
    Examining how a firm’s departments use internal support services results in identification of functions that multiple
    departments can share. Automation allows companies to eliminate duplication and even outsource some administrative
    functions, such as accounting or mortgage processing. Organizations must also consider the return on investment when
    deploying new technology, however. For example, companies should carefully evaluate decisions to implement an……

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