Lunch time thoughts - we moved from household payments for newspapers to individual mobile subscriptions. Previously, a household of 3, paid for 1 paper. But now they might have 3 subscriptions. Digitalisation of media made a lot more money for these media companies.
Yet, for the longest time (10 - 15 yrs back), paper companies refused to adapt to change. Home readers refused to give up their hard copy papers.
Those who quickly converted revenue from traditional sales to digital subscriptions survived. In fact relieved from heavy manufacturing cost ( machineries, operational cost)
The younger generation at that time were quicker to adapt hence the creation of social media and other startups.
Readers were also exposed to various digital media options hence local media players lost monopoly and had to amp the game as competition got bigger, real quick.
If you think back, tech creation and conversion is a long process, but this thing with tech, when it disrupts, it’s wild, rampant and there is no stopping it.
If you ignore it, you would lose out. The best you can do is to find ways to maximise it and live with it.
Nanotech has been around for a few decades but only recent yrs started disrupting the market. Not many industries are converting but those who infuse their tech with it are gonna be the forerunners for a long time.
The tech disruption right now is on AI. Love it or hate it, it’s happening. And AI tech is abundant, beyond Chat GPT.
At some point open source will disrupt the market. The buzz has been heavy but the turning point is going to be on the success of businesses here. Any use cases can disrupt this market via Nostr, Web5, AT protocol or others. Pharma on open source will be absolutely wild.
I’m not sure yet if tech disruption will happen to AR/VR, as users don’t have a need, and it’s a very costly adoption at the moment. Perhaps in 5-10 yrs, perhaps never idk but doubt anytime soon (unless there is another lockdown that desperately forces people to interact with each other virtually, who knows)
I think tech disruption is pretty fascinating. To understand it, to be part of it, to be fore runners of it, and to maximise is an amazing opportunity
