In the light of big shot companies making strategic acquisitions of search engines, GPS solution providers and many other business modular units that get benefited out of networked society; This is the era of a new race: The sprint that goes far longer than expected.
The story of Microsoft leveraging the interoperability of Operating Systems and making a non-exclusive deal with IBM for its operating systems on their PCs made a history in 1980’s and Created the worlds richest man. Facebook continued that innovation in a different dimension surpassing its giant competitor and finally leading to the closure of our good old friend “orkut”.
Now is the time big technology corporations are weighing all the options to see that they reap the fruits of the business disruption in the era of “Internet of Things”.
Uber made the life a lot easier to many commuters who were hesitant to shell out their money on expensive taxis, It also created employment to millions of people round the globe. This was possible because of 2.6 billion people having smartphones being able to access the Internet from their phones.
This race is getting intense day by day for instance examples like Verizon acquiring parts of yahoo and Fleetmatics, Oracle acquiring Netsuite. It is quite evident that these big shots want to leverage the economies of scale by providing end-to-end solutions to expand the new horizons of technology business.
Robotics and andro-humanoids are performing a variety of tasks like complex heart surgeries, sniping a terrorist hiding in a safe haven, simple house hold chores and many more that have never been imagined before. With new innovations in faster charging times and longevity in batteries, and new semiconductor chip architectures that offer high performance at lower price are making robots even cost effective and affordable. With lower data plans and carrier companies offering free video streaming can make robots being controlled from your mobile phone app in near future.
Machine Learning, Artificial Intelligence, Neural Networks and many other deep learning algorithmic sciences are exponentially evolving everyday and creating a better user experience; have you ever noticed your search engine delivering searches closer to your expectations as you keep on using it: That is the power of Machine learning; it gets better as you keep using it.
Now the power of smartphone connectivity, modern machine learning techniques, state of art of robotic technology with the support of strong back end systems leveraging the economies of scale gives unquestionable aristocracy to the company that does this best and first; This is the real reason for big race.
Breaking all the rules of traditional account metrics, this is the time of the “innovative sonic boom”
Its seems like the new business rules go this way
- Be innovative and create a product differentiator
- Create the new customer base
- Add new products extending the previous product architecture
- Leverage the new combination of products and further extend the consumer base
No doubt, nothing is certain in business world, but breaking the horizons of social barriers and having access to free resources in the free world at the lowest possible cost would attract the consumer.
Today, Any one with a smart phone can live telecast what they want the world to see; Google and Facebook are Powerful because “they empower us”
“They are powerful because they empower us”
If you are a consumer be optimistic and wait for the new products that make your life better.
If you are a Technocrat or a business man fasten your seat belt and create a product that makes human life easy; Do it best, fast and first to be the next bill gates.
This is the time for new BIG BANG of products that are going to change the world forever.
This article was orginally written by Vas Kuruganti in 2016