VOICE OF INDIA
“Brands fading into oblivion” has become a watchword. For some big Fortune 500 companies going bankrupt for the simple reason that they could not cope up with the frenetic pace of change for the better. Wrong business models being persisted with and being the cardinal reason for their abysmally low sales.
Thus, hitting the nadir of failure and in some critical instances due to the tectonic shift in ideology thus even getting wiped out from the market.
This theory applies to all who really do not change with times get relegated to the background and get obliterated from the general scene if they do not iron out their lacunae and surge ahead and also at the same time keep abreast with the sweeping changes happening in this terrible rat race to reach the pinnacle of glory.
Disruptive technologies in various sectors are really making mindboggling advances and make people really take notice of with absolute attention to detail, and it seems like things are happening at the drop of a hat.
Such is the wave of change we are witnessing in this current global scenario.
Indeed, with the advent of aspects like Augmented reality, Artificial Intelligence, Virtual reality, Autonomous, and Electric cars, Different new dimensions of educational tools have eased the format of how people eagerly look at change.
How software industry disrupting is seriously partaking and the lion’s share of the industries in the last five to ten years. Now to cite an example: Uber from USA and Ola from India, two big entities from the taxi commuting segment has undergone a metamorphosis for the better and changed the entire gamut of travel in cities in India.
This is a sterling example of how a disruptive technology can have the upper hand over a traditional methodology and become a resounding and roaring success amongst the mundane public.
Similarly, AIRBNB from US and OYO from India to name in the hospitality industry. This again has eased the trouble of dwelling for all travelers in all spheres. Now their game plan in both the above cases is that they
just do not own anything, but they enjoy a large success ratio which is far ahead of many in the fray in their respective areas of interest.
Also, another exciting aspect to take note of is with the advent of software from a pioneer in the computer field like IBM. spheres. Now their game plan in both the above cases is that they just do not own anything, but they enjoy a large success ratio which is far ahead of many in the fray in their respective areas of interest.
Also, another exciting aspect to take note of is with the advent of software from a pioneer in the computer field like IBM.
Now through their IBM Watson getting a legal opinion and Medical opinion has become something very accessible and easy displacing a lot of human ideas which was earlier presumed to be more worthwhile with a much more precise and accurate piece of information. Once again, a clear victory of Disruptive technologyover traditional.
Different rapid modes of Transportation, Automobile, Health Care, Renewable Energy, and Insurance industry is going through a total transformation phase around and is bound to really see the green in India in particular. Even the Real estate industry bound to see a fresh facet as working while you commute will enable people to
live further away. The “Tricorder” device in engineering and healthcare is going to be a revolutionary aspect and a real game changer too in the modern engineering and medical history. Thus, in various places, the approach of manpower on the profession of engineering and medicine is going to be taken serious note of.
Cities are bound to be far less noisy and polluted as electric cars are going to invade the roads in a colossal way and are linked to displace the conventional vehicles running on petrol and diesel.
Also, with the advent of various alternatives for producing electricity like solar energy providing pure drinking water would also become far cheaper through Desalination process too to name a few.
The propensity towards the latest technology finds its way into our everyday chores and leaves an indelible mark in almost every sphere we would operate in.
The smartphone and television industry
So, across all sectors the constant overhauling of technology at a frenetic pace not noticed ever before has clearly seen a meteoric rise to showcase their performance which stamped alongside the willingness amongst the multitude also draws the praise and undeterred attention of the tech-savvy intellects too. Thereby assuring us a better tomorrow in the bargain.
Mr. Abraham Paul Vatakencherry is the Chief Coordinating Officer of Lioneagle Family Office, the Chief Coordinating Officer at “World Health Forum,” Chief Project Co-ordinator, NEW INDIA SUMMIT 2018, Director of Global Strategic Alliance, Mumbai International Business Cooperation, and Global Markets. He studied for a Postgraduate degree in English Literature and an MBA in Marketing and Personnel management.
Mr. Vatakencherry is a top-level professional in an executive position for Strategic Alliances with a demonstrated history of working with a wide range of domains ranging from Fitness and Healthcare, Immigration, education, service industry, and Business Consulting in India and globally. He has more than two and a half decades of hands-on experience assisting several Chambers of Commerce and companies in India.