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.
There was no shortage of quality at all, yet they were out of the market!
They have not changed over time. !
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.
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.
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.
The software named Watson is diagnosed with 4x Accuracy of Cancer compared to humans. By 2030 the computer will be more intelligent than humans.
By 2018, Driverless cars will land on the roads. By 2020, this single invention will start to change the whole world.
90% cars will disappear from the streets of the world in the next 10 years … Those who will survive will either have electric cars or hybrid … roads will be empty, consumption of petrol will decrease by 90%, all Arab countries will become bankrupt.
You will request a car from a software like Uber and in a few moments, a driverless car will be parked at your door … if you share it with someone, that ride will be cheaper than your bike.
Self Driving Car which may hit the road by 2025- 2030
Due to being driverless of cars, 99% of accidents will stop. This will stop the business of Car Insurance.
No employment like a driver will survive on earth. When 90% cars will disappear from cities and roads, problems like Traffic and Parking will end automatically … because a car will be equal to 20 cars today.
From today 5 or 10 years ago, there was no such place where there is no PCO. Then when the mobile phone came in all the pockets, the PCO started to shut down. Then all the PCO people started selling the phone again. Now the recharge is also going online.
Have you ever noticed ..?
Nowadays every third store in the market is now mobile phone.
sale, service, recharge, accessories, repair, maintenance.
Now all is done by Paytm. People have also started booking railway tickets with their phones. Now the transaction of money is also changing. Currency Note was replaced by Plastic Money and now Digital transactions will dominate the market.
The world is changing very fast exponentially
Prepare to change over time.
Hence, The person should continue to make changes in his business and his nature over time.
Finally will end the context by quoting Charles Darwin “It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.”