Fundamentals of IT Industry S1 E2 – by Thakur Ganeshsingh
In this blog, in each passing week, there will be fresh content to keep things interesting and moving. If you wish to know more stay tuned.Technology, ever-fascinating, and ever-growing. In recent years, the world has changed a lot, be it people’s lifestyle, medical sciences, entertainment, media, and many more. Rapidly changing technology and innovations enabled us to do so. Coming decades we are going to witness many groundbreaking innovations. The future is IT and is evident. Businesses are becoming more and more digital, automation is industry quo, everyone wants things to be better, faster, and more efficient. There have been similar advances in the education system too. Online courses, certification, digital examination, virtual seminars, guided virtual labs, and many more, However, the traditional academic system has been pretty much the same. Right from 1938 since the unfolding of digital computers, digital computing has been fascinating to all. Programming languages also have been evolving ever since. However, the last 2 decades have made it more mainstream, to an extent that today the largest enterprises are digital ones. Everyone is curious and willing to be part of this transformation. But what they lack is a bigger picture. It is about initial trouble in getting started. Every day we hear about someone got funding, new Startups, IPO, some firm got acquired, new partnership, LLP, and whatnot. The advertising industry has been growing exponentially. Each passing day we see a new millionaire, and every month a new billionaire. It is adequate for someone to make an enthusiast and get started on it. The use and adaption of smartphones have progressed to 5.13 billion active devices a day. There are over 2.8 Million apps on the play store but only a few making it to the top. With simplicity and ease of becoming a founder and a self-made entrepreneur, there are over 300 million startups across the world. 7700 in Bangalore and 2200 in Kerala alone and numbers are ever so increasing. But when it comes to average lifespan it is just over 20 months.So what is it that makes the difference? Why do not all initiatives succeed? It is about getting it right. Software development processes are evident from the name applied to the software industry and project management is a process applicable irrespective of industry.