Where is my industry going?

I think a very important part of planning one’s career and life is to monitor where the industry is going. Doing so can provide valuable insights that could help answer questions like:

Am I going to be out of work in the near future?
Is the industry going to take a dip making things more competitive in the job market?
Can my company survive a dip?
Is my industry looking up? Is it a good time for me to take a leap?

And tons of others.

10-20-30 rule

10-20-30 Rule – This is a slideshow rule offered by Guy Kawasaki. This rule states that a powerpoint slide should have no more than 10 slides, last no longer than 20 minutes and have no text less than 30 point font. He says it doesn’t matter whether your idea will revolutionize the world, you need to spell out the important nuggets in a few minutes minutes, a couple slides and a several words a slide.

Biggest problem with IT

Q: What’s the greatest single problem with IT today?

A: Simplifying the way companies use information technology. Most of the cost of IT isn’t in the hardware any longer — it’s in the maintaining and servicing of IT. Harsh as it sounds, the industry runs its business by making it complicated for customers.

The result of this complexity is that most companies spend 70 percent or more of their IT budgets maintaining their IT systems, leaving little money to invest in creating ways for IT to help grow and expand their businesses. Companies are caught up in this complexity trap that the industry has forced upon them.

Engineers vs. Managers

A man in a hot air balloon realised he was lost. He reduced altitude and spotted a woman below. He descended a bit more and shouted, “Excuse me, can you help me? I promised a friend I would meet him an hour ago, but I don’t know where I am.”

The woman below replied, “You’re in a hot air balloon hovering approximately 30 feet above the ground. You’re between 40 and 41 degrees north latitude and between 59 and 60 degrees west longitude.”
“You must be an engineer,” said the balloonist.
“I am,” replied the woman, “How did you know?”
“Well,” answered the balloonist, “everything you told me is technically correct, but I’ve no idea what to make of your information, and the fact is I’m still lost. Frankly, you’ve not been much help at all. If anything, you’ve delayed my trip.”
The woman below responded, “You must be in Management.”
“I am,” replied the balloonist, “but how did you know?”

“Well,” said the woman, “you don’t know where you are or where you’re going. You have risen to where you are due to a large quantity of hot air. You made a promise, which you’ve no idea how to keep, and you expect people beneath you to solve your problems. The fact is you are in exactly the same position you were in before we met, but now, somehow, it’s my fault.”