When technology kills an industry...
Every time technology kills an industry, it reincarnates it in a slightly different way, and it becomes way bigger....like leather saddle makers being wiped out by the car industry but being reincarnated as making leather goods for cars.— Neville Medhora
Positive Aspects
The title "When technology kills an industry..." is enticing and sparks curiosity. It immediately makes the reader wonder about the industries that have been transformed by technology and sets the stage for a discussion on innovation and adaptation. The quote by Neville Medhora is thought-provoking and encapsulates the idea that technological disruption is not merely destructive but also creative, leading to the evolution and expansion of industries.
Key Takeaways
- Technological advancements often disrupt existing industries, but they also lead to new opportunities and growth.
- Industries don't vanish; they adapt and evolve into something new, often bigger and more innovative.
- The example of leather saddle makers transitioning to producing leather goods for cars highlights the adaptability of industries.
Additional Insights
Think about the music industry: It was "killed" by digital downloads and streaming services, yet it reincarnated into a more accessible and global entity. Artists can now reach audiences worldwide without the need for a record label. Like the leather saddle makers, those who adapt to technological changes can carve out new niches and thrive. Remember, it's not about resisting change but embracing it and finding where the new opportunities lie.
