It seems like these days the most exciting developments are all concentrated in the tech industry. Why is that? Well, it’s mainly down to the fact that these industries are right at the forefront of technology and business. And without them, it’s unlikely that our lives would have changed all that much since the 1990s.
The question is, how does a business get ahead in today’s tech industry. Is the industry going to settle down like every other industry in the world, dominated by a few big players? Or is it going to continue to be disruptive and diverse? Given the new technologies coming down the pipeline, it’s tempting to wager that it’s the latter.
So, given that change is going to accompany the tech industry for some time to come, what should you be doing to get ahead?
Read Industry Journals And Magazines
The tech industry is moving forwards at a feverish pace, as you’re no doubt aware. But what’s driving the tech business forwards? Essentially it’s knowledge. Knowledge about how to write great software. Knowledge about how to miniaturise circuits. Knowledge on how to bring about a revolution in artificial intelligence.
But how do all those people in the tech industry build up their knowledge base to make all the incredible products they create? By researching what’s just around the corner.
There are web sites coming soon dedicated to cataloguing tech-specific magazines and journals. And, ultimately, these will prove to be a valuable resource for finding out all about the latest trends in the sector.
But tech professionals shouldn’t expect the information to just be handed to them on a plate. Rather, they should read around their subject in order to gather new ideas and insights nobody else has had.
Look Out For The Next Technology
Those in the tech business should take note of some of the successes the industry over the last couple of decades. We’ve seen the rise of the internet, smartphones and social networks. And that’s just scratching the surface.
But underlying this trend is a deeper one. It’s one that will see information technologies disrupting more and more established industries. When information technologies started to disrupt traditional media, it was somewhat expected. After all, things like music and news articles are essentially just information. And, therefore, easily digitised.
But now those in the tech business should start focusing on the digitalisation of other industries. It’s not just the music sector or newspapers that are susceptible to the digital revolution. Thanks to technologies like 3D printing, it’s the physical industries too.
You might think that your best bet is to invest in 3D printer manufacturers. But if history has taught us anything, it’s not the manufacturers that win big. It’s the companies that create platforms. Google, Paypal, and Uber are renowned for their platforms. Hardware manufacturers, like Asus, not so much.
The bottom line? If you’re looking to get ahead in the tech business, focus on creating a platform. Be the place where people transact, and take a healthy cut of the trade for yourself.