The Impact Of Technology
(Edited)
We are seeing wild times in the markets. Many feel that things are changing due to the virus and the oil dispute that arose.
In this video I discuss how this was already happening due to technology.
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yes sir all over the world economy is going down, oil coutries are affected very much, becasue of virus, so it is very much panic situation,
one thing i have realized is that technology have had both negative and positive impacts on the world....@taskmaster4450
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i agree with your thoughts concerning the issue....
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i feel the oil dispute is the current reason for the decline in oil prices and not the virus itself...
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A lot of great points in this video @taskmaster4450! May I ask why you are being downvoted in all of your posts?
Thanks for the comment @darthknight.
The Koreans are downvoting all my posts in response to some downvotes they got.
They chose me because of the auto votes I guess. A couple Korean whales decided to hit my account repeatedly using some big accounts including the zzan account.
The ironic thing is that I wasnt the one to downvote them. But the Koreans get upset about downvotes and decided to retaliate against someone who wasnt even involved in the downvoting.
Tech disruption is more severe than what we experienxcing right now as a result of the coronavirus.
Am gonna watch the whole of it in a moment.
Also, I came in here to make a shout out, you got saved by the new chief in town @darthknight because after all we knows how bad the downvotes are to users who've been badly targeted. Lucky and continue giving the ecosystem the best of you.
Summary:
In this video, Taskmaster discusses the rapid technological changes impacting various industries and emphasizes the importance of having a long-term outlook to navigate through disruptions. He points out historical examples of companies like Blockbuster, Kodak, and Sears that failed to adapt to technological advancements. Taskmaster stresses the need to pay attention to automation, technological progress, and emerging fields like blockchain, cryptocurrency, and AI for future career and investment opportunities. He highlights the inevitability of change, the need to adapt, and the potential disruptions in various sectors like manufacturing, finance, and healthcare due to technological advancements.
Detailed Article:
Taskmaster starts the video by discussing the current state of global markets and how recent events like the coronavirus outbreak and the oil conflict between Russia and Saudi Arabia have caused panic and market instability. He emphasizes the importance of understanding technological disruptions and the need for a long-term perspective to navigate through these changes effectively.
He highlights the impact of technological progress on industries, citing examples like Netflix disrupting Blockbuster, digital cameras and smartphones affecting Kodak, and Amazon causing the downfall of retailers like Sears. Taskmaster emphasizes that recognizing disruption is easier in hindsight but crucial to anticipate for the future.
The conversation then shifts to the acceleration of automation and technological advancements, with Taskmaster pointing out that many traditional jobs, including IT, are at risk of being automated in the near future. He stresses the need for individuals to adapt, learn, and invest in innovative fields like blockchain, cryptocurrency, AI, and energy storage to stay relevant in a rapidly changing job market.
Moreover, Taskmaster discusses the potential disruptions in various sectors such as automobile manufacturing, banking, real estate, construction, and medical industries. He warns that people with existing skills and credentials may face challenges as technology continues to evolve rapidly.
Taskmaster shares personal insights into preparing for the future, mentioning the risks associated with staying in a job with the hope of long-term security. He encourages viewers to explore emerging technologies and trends, including 3D printing, extended reality, DNA sequencing, and AI, as areas with significant potential for growth.
In conclusion, Taskmaster urges individuals to research, expand their focus, and immerse themselves in understanding the ongoing technological developments to identify opportunities for personal growth and success in a rapidly changing world. He emphasizes that the only constant in the future will be change and advocates for proactive adaptation to stay ahead in the evolving technological landscape.