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NEW YORK — While many of today’s Web users associate the word “free” with “download”, Wired editor Chris Anderson said that the pricing strategy dates back to the nineteenth century.
He said that the free economy was made possible by the industrial revolution and dates back to Jello. Anderson pitched his latest book, called “Free: The Future of a Radical Price,” at Wired magazine’s Disruptive by Design conference. Anderson is best known for his Long Tail marketing thesis. “Free” details the changes Anderson expects to see in the business models of the future.
He said that when the Genesee Pure Food Company was preparing to launch its new gelatin product, it needed to find a way to get customers to ask for it by name at the general store. One idea was to sell it door-to-door but that required licenses. Free products, however, did not require licenses so the Genesee Pure Food Company made a Jello recipe book, printed 5 million copies, hired the best artists, and gave it away for free.
A few years later, Anderson added, the Gillette company came up with the razor and blades strategy that is a more famous model for today’s IT economy: giving a product away (or selling it at below cost) in order to charge for the services or software that support it, a model used by video game console makers and cell phone providers.
The business model of free stuff is even more viable, Anderson said, on the Internet. “With physical stuff, you had to get paid quickly, but now we’re looking at a different economic model,” he said. “With Moore’s Law, (define) we have deflation. We have never had an industry where everything gets 50 percent cheaper every year — not just processing but also storage and communications (bandwidth)!”
Anderson said that today’s economy answers a theoretical question first posed in economics in the 19th century. Two French economists reached the opposite conclusion. Joseph Bertrand said in 1883 that in a competitive market, the price falls to the marginal cost. Corneau, on the other hand, said that businesses would form cartels to collude to restrict the supply of a product in order to maintain the price.
“The Internet is the most competitive market the world has ever seen,” Anderson said. “If your product is not free, it will need to be available in a free version or to compete with a free product.”Microsoft vs. free
“Microsoft has competed with free for 35 years” since it was founded, said Anderson, offering a mix of free and paid software and services.
Famously, in 1976, Bill Gates wrote a letter to computer hobbyists asking them to pay for software which was being widely copied.
Anderson said that in the 1980s, the company competed with bundled software, especially as it started to sell Microsoft Office. In the 1990s, it competed with a free browser called Netscape and used its operating system as a distribution system. In the current decade, the company competes with the LAMP (define) stack.
Today, the U.S. government is looking at competition between Google and Microsoft. Both tech giants are using free services to good effect.
“Watch this space,” Anderson said. “It’s a big challenge for the Obama administration: deciding who can use free and who cannot.”
Article courtesy of chúng tôi
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Though web3 is comparatively new, aspirants are still choosing Web3 Jobs over Big Tech
Hundreds of recent graduates have been negatively affected by Big tech’s slow hiring practices, leaving them high and dry in a job market with few openings. Earlier, Techgig reported that despite receiving selection letters, new hires at large Indian Big tech companies like Infosys, Capgemini, and Tech Mahindra had to wait months before receiving their actual offer letters. An applicant will first receive a selection letter after an interview, followed by an offer letter and an onboarding date from the IT firm. While many of these layoffs are likely due to an economic downturn, this has resulted in an overwhelming amount of talent flocking to early-stage Web3 companies. For example, Andrew Masanto, a serial entrepreneur who has founded a number of startups, told Cointelegraph that he recently launched Nillion, a startup specializing in decentralized computation, to help ensure privacy and confidentiality for Web3 companies. Web3 serves decentralization as the answer to many traditional setbacks in the use of the internet. Though web3 is comparatively new, aspirants are still choosing Web3 Jobs over Big Tech. New work opportunities are the biggest reason why Tech talent migrated to Web3.
Recent market analysis indicates that the Big tech in India has seen a slowdown in hiring of 18% from the previous month and 16% from the previous year. Bengaluru, Hyderabad, and Pune all saw a drop in recruiting activity as the IT industry contracted.
As inflation continues to grow, coupled with a looming recession, many tech firms are having to cut portions of their staff. To put this in perspective, data from chúng tôi found that over 700 tech startups have experienced layoffs this year, impacting at least 93,519 employees globally. It has also been reported that tech giants like Google, Netflix, and Apple are undergoing massive job cuts.Popular Jobs in Web3 companies
Some of the jobs offered by Web3 companies that are likely to attract a lot of traction and be in huge demand are:
1.Blockchain Core Developer – The blockchain Core Developer creates Blockchain architecture, defines its protocol and consensus mechanism, and determines and implements high-level Blockchain network choices.
2.Blockchain software developer – Similar to how a conventional web developer builds web apps utilizing the protocols and design structure established by a core web architect, Blockchain Software Developers build decentralized applications or Dapps using protocols established by Blockchain Core Developers. This is accomplished by creating smart contracts and deploying them on the Blockchain.
3.UI & UX designer – Responsible for communication with developers to put your product live out there in the market. Design the product and make it user friendly
4.Solidity developer – Responsible for creating smart contracts on the specific computer language ‘Solidity’.
5.Front-end Developer – responsible for creating visually appealing and functional user interfaces as well as producing well-tested and dependable code. You also have to collaborate closely with UX/UI designers to provide the greatest end-user experience possible.
6.Back-end Developer – Responsible for successful extraction and delivery of data to service providers and establishing direct communication with Blockchain.
7.DevOps – Responsible for ensuring the timely delivery of high-quality products and upgrades to end consumers. You will assist developers in coding while ensuring that the correct code is placed in the correct location. You will also be responsible for infrastructure maintenance, monitoring, process automation, CI/CD, and deploying software from Github to servers.
But is the long-term viability and success of Facebook a slam dunk? You’d think so, considering 900 million people on the planet use the social network now valued at nearly $105 billion.
Not everybody thinks so.
The Telegraph’s Michael Deacon says he was once addicted to Facebook but now thinks its users hardly have anything to say on it compared with Twitter, which he calls “magnetic” because it “incessantly breaks and circulates news.” He even goes as far to say Facebook in a few years will “be as sad and lonely a ghost town as MySpace.”
I wouldn’t go quite that far, but he makes some valid points. Many people have grown tired of Facebook and do prefer alternate social networks, such as Google+.Social Networking Rivalry
Yes, Facebook has a huge head start in social compared to Google, but Google+ users tend to be fiercely loyal because, honestly, it’s a great — albeit very different — product .
Unlike Facebook, Google+ is where you’re more likely to engage with strangers — many of whom reach out from countries around the world.
Just this morning I had a Google+ chat with a blogger from India who, even though he uses both Facebook and Google+, was only able to reach me through the latter where in seconds we were having a conversation about the merits of both social networks. Such contact wouldn’t have happened on Facebook because my Facebook friends are all in the U.S. and most of them know me personally, which means I keep my chat disabled because I don’t want people I haven’t seen in 20 years messaging me every time I check my stream.
Eric Norstrom, a molecular and cellular neurobiologist, is another person with whom I’ve connected through Google+.
Here’s how he aptly puts it:
“G+ is not FB, Twitter, or anything else. It’s G+. It’s great for content aggregation and collaboration in addition to the services provided by the other major social apps. It’s not people bleating on a street corner. It’s more like, you walk down a street and don’t see anyone, but then you go into a building and you find that there’s a party going on. Not only that, it’s a good party with interesting people talking about things you care about and leaving out things you don’t. Less noise, more signal.”
He’s right about Google+ being a more lively place to hang out. You’re not likely to see inane posts — most contain photos, videos or links to other interesting content. This morning someone in one of my circles shared a post by Google Maps touting a NASA map that shows where the May 20 eclipse can be seen. (See also “Google+ vs. Facebook: See How They Compare.”)Google’s Many Products are an Advantage
On my Android phone I use Places, Maps and Navigation, YouTube, Voice, Talk, Calendar, Drive, Goggles, and Play Music, and many of these apps sync to the cloud for integration to the desktop.
In essence, Google has a very large window into what I’m doing, where I’m going, what I’m watching, and who I’m talking to. And this window stays open for much of every day I’m online or using my phone.
While Facebook also garners data from me when I’m on its network, I’m not there very often, relatively speaking.Battle Over Advertising
That last part — identity services that let you sign into a Website or account using your Facebook credentials — is definitely something Facebook has a good hold on, and as Needleman points out, it’s something Google needs to get better at marketing.
Can Facebook figure out how to get some of that pie? It had better — its users are now using the social network more from their mobile devices than from their desktops.
If it doesn’t, Michael Deacon’s dire prediction about Facebook might just come true.
The top 10 tech company layoffs in 2023, Thousands of IT professionals are losing their jobs
The top 10 tech company layoffs in 2023 thousands of IT professionals are losing their jobs is the conclusion of a chain of circumstances that has prevented venture capitalists from investing in companies.
The top 10 tech company layoffs in 2023:
1. Amazon: Amazon has already withstood unpredictable and challenging economies, and will continue to do so, he added. These adjustments will allow us to explore long-term prospects with a more cost-effective cost structure, but I’m also certain that we’ll be imaginative, resourceful, and tough during this period when we’re not recruiting broadly and removing some jobs.
2. Salesforce: The additional layoffs are part of Salesforce’s effort to reverse a recent hiring spree in the face of slowing demand for its services and the continuous market instability that has plagued the tech industry recently, according to the Financial Times. As our revenue increased due to the pandemic, we hired too many people, which contributed to the economic downturn we’re now experiencing, and in a message to workers, co-founder, and CEO Marc Benioff stated, I accept responsibility for that.
3. Alphabet: Alphabet has so far dodged the major tech company layoffs that have plagued other Big Tech companies. However, the Google owner’s good fortune has run out. Employees from Alphabet’s Other Bets division were laid off in January. The Other Wagers section is responsible for wagers made by the search engine giant that is not related to its primary business, as the name implies.
4. Medtech: As a result, the MedTech business appears to have suffered the same fate as the rest of the tech industry. Cue Health is one of the MedTech companies that has been impacted by the slump. According to Medtech Dive, their staff increased from 99 to 1,500 workers between 2023 and 2023. Cue Health went public in 2023 to repurpose its portable diagnostic to screen for items other than the coronavirus.
5. Coinbase: In 2023, the cryptocurrency business struggled. Digital asset enterprises had one of the steepest decreases in their history. Between November 2023, when it reached an all-time high, and November 2023, the market lost two-thirds of its value. Coinbase epitomized the issues confronting the crypto sphere. In April 2023, the cryptocurrency exchange went public. When it first went public, it almost had a $100 billion market cap. Things rapidly turned ugly after that. In the weeks that followed, it lost more than 40% of its market capitalization.
6. Huobi: Coinbase will not be the only cryptocurrency exchange to struggle in 2023. Huobi, a Chinese rival, informed Reuters in early January that it planned to let off 20% of its 1,100 staff. It blamed the layoffs on the current bear market, claiming that the volatile market necessitated a very lean team. In November, the analytics website CoinGecko listed Huobi as the world’s eighth-largest crypto exchange in terms of volume.
7. Genesis: Genesis is a subsidiary of the Digital Currency Group (DCG). Other subsidiaries of DCG include bitcoin mining firm Foundry, digital currency asset manager Grayscale Investing, British crypto exchange Luno, and CoinDesk, the crypto-focused digital publication that first reported on FTX’s questionable finances by publishing a report on FTX’s sister tech company Alameda Research.
8. Accenture: The decision occurred as service demand stagnated following post-pandemic expansion, and Accenture subsequently reduced its revenue growth target for the fiscal year 2023. Despite the lower projection, Accenture’s diverse business and sector mix is projected to keep the IT services behemoth stable.
9.Meta: Meta stated that it will keep 5,000 presently vacant positions unfilled. Mark Zuckerberg, the company’s founder, and CEO, cited challenging macroeconomic conditions and a focus on flattening the company’s organizational structure as important factors in the decision to lay off additional employees.
The Trans-Pacific Partnership, a controversial trade deal supported by many U.S. tech companies, is on death row, with both major party presidential candidates opposed.
It’s a long shot, but some tech trade groups are hoping for last-minute clemency from Congress and outgoing President Barack Obama. The trade groups are pushing for Congress to vote to approve the deal after November’s general election, in the lame-duck session before a new Congress and a new president takes office.
The TPP, a free-trade deal negotiated among the U.S. and 11 other Pacific Region nations for seven years, has become a major presidential campaign issue in recent months.
Supporters say it would open up new markets to U.S. companies and make it easier for them to sell the products. But critics — including Republican presidential candidate Donald Trump and Democratic presidential candidate Hillary Clinton — worry it would make it easier for U.S. companies to move jobs overseas, would drive down U.S. wages, and would balloon the country’s trade deficit.
Supporters of the deal say it would eliminate 18,000 tariffs on U.S. products, would improve worker rights in many countries, and would require signatories to take steps to protect the environment. The TPP is especially attractive to the U.S. tech industry, which sees the Asia-Pacific Region as a growing market for its products.
“There are broad benefits for the economy and for consumers, who have access to [more] goods here in the United States as well,” said Tiffany Moore, vice president of congressional affairs at the Consumer Technology Association (CTA).
Opponents say the deal will make it easier for U.S. companies to ship jobs overseas and will contribute to an annual U.S. trade deficit that was US$531.5 billion in 2024. Critics of trade deficits say they discourage U.S. manufacturing.
The TPP also has detractors in the digital rights community, with groups like the Electronic Frontier Foundation saying the deal would enshrine controversial copyright protections and enforcement measures across the signatories. The deal would widen the adoption of anticircumvention provisions in the U.S. Digitial Millennium Copyright Act, for example.
The copyright and other tech-related issues in the TTP have “definitely been overshadowed” by broader economic issues, said Jeremy Malcolm, senior global policy analyst at the EFF. The issues in the U.S. presidential campaign are “more politically volatile.”
In addition to copyright concerns, the EFF has protested the TPP’s provisions to criminalize disclosures of trade secrets, even for the purposes of journalism or whistleblowing. Other provisions relating to encryption and domain names, which opponents see as “inappropriate” for inclusion in a trade deal — were negotiated without input from the wider Internet community, Malcolm said.
Opponents in the digital rights community are “riding on the wave of discontent about the agreement,” Malcolm added. “We’re not antitrade. We’d be happy with a trade agreement that didn’t have the problems we’ve identified.”
After either Clinton or Trump takes office, the deal is almost certainly dead in the U.S. But supporters, including the CTA, are pushing for congressional action late this year. Other tech trade groups declined to talk about their strategy in the coming months.
So is Obama. He promised to push for the deal during a press conference in early August. “Right now, I’m president and I’m for it and I think I’ve got the better argument,” he said after questions about opposition from Clinton and Trump.
The U.S. is part of a global economy, he said then. “We’re not reversing that,” he added. “It can’t be reversed because it is driven by technology, and it is driven by travel and cargo containers .. and our export sector is a huge contributor to jobs and our economic wellbeing.”
CTA has called on the Clinton campaign to reverse its opposition to TPP, given that Clinton supported the deal while she served as Obama’s secretary of state and that vice presidential candidate Tim Kaine voiced support for the deal as recently as mid-July.
However, the “best-case scenario is that somehow the bipartisan consensus on trade can prevail” in Congress by the end of this year, said CTA’s Moore. “There’s been so much work that’s been done on TPP.”
No matter who is elected president this fall, delaying action until next year would “restart the conversation” about TPP, she added. “If it doesn’t happen this year, then we could be waiting for years. That makes it very difficult for our companies to compete in a number of markets.”
Dana Florea is one of the powerful women in tech as she is successfully operating as the COO ofThe Journey of a Successful Strategist
Dana joined Accesa three years ago as an Improvement Manager and was offered the COO role at the beginning of 2023. She is responsible for providing short and long-term operational strategies that support effective business management, nurturing people growth, and alignment with the company’s strategy. Her career revolves around creating teams and environments where technical intelligence and emotional intelligence meet, and she likes to promote it amongst other leaders. She believes that if one can be fully oneself and can put their whole self into the work, they will have the best chance of thriving and being successful.Facing the Challenging Phases
The decision to accept the COO position at Accesa has been a pivotal moment in Dana’s career. After only three weeks in the role, the entire world faced an atypical and unique situation resulting from the Covid-19 pandemic. The pace of the new times accelerated Dana’s journey of self-discovery, building self-trust, courage, and gratitude. The rare situations of this time have placed her in a position to balance caring for her colleagues and their critical work while continuing to care for her clients’ needs. Dana believes that the intensity of actions has taught her more about herself as a leader than her entire 15-year career.The Making of a Transformational Leader
According to Dana, any transformational leader needs to be empathic. She makes time to know the people at an individual level. She believes that any leader needs to understand how people respond to change, the attitude to feedback, or what motivates people to be part of an organization. According to her, charisma and true presence in every situation allow no space for negativity, which helps leaders create and sustain a creative and connected environment. Leaders who inspire have at the center of all their actions and decisions the organization’s greater good. They generate a level of trust and accountability, which allows those being led to feel safe and secure when choosing to follow.Ascending the Stairs of Customer Satisfaction
Innovation comes in many shapes and forms for Accesa. Its clients are set on their digital transformation path to bring in new technologies. Therefore, every project the company delivers directly contributes to the innovative environments of its clients. At Accesa, the company has an internal audience avid to innovate and continuously optimize how they work. The company’s operations Tooling Team supports and constantly interacts with the internal audience. They aim to solve real problems and address real needs. Therefore, the Accesa key that unlocks customer satisfaction success is active listening, paramount for both the clients and the colleagues.Acing Innovation in Disruptive Technologies
Disruptive technologies are already changing society. They help build the future, drive productivity, increase sustainability and help people live longer. The leaders of today have to combine an understanding of the meaning of technology and the people who either use or are impacted by technology. Humility and a willingness to seek diverse inputs are essential. A directive leadership style that lacks humbleness is not resonating with the people anymore, especially in the IT Services industry. Adaptability and vision are both critical for different reasons. For any leader, having a clear vision and articulating it well, is a core competency. The sheer unpredictability of the business environments today means traditional analytical approaches fail to provide the definitive insights into long-term strategies that leaders have relied on in the past. Adaptability without vision can lead to rudderless change. Dana finds fearless engagement with partners to be critical. Combining people insights and data insights will make the difference between engaged and connected leaders and the others who tag along.The Future that Lies Ahead
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