Technology & The Ability To Make Money in a “Non Traditional” Sense

Leaving Fulton hall last Wednesday night, I was very excited about the material in the upcoming course. I have always been interested in the ever-changing space of technology but haven’t spent a ton of time doing reading/ research to keep up with new technologies and advancements that are entering the market every day. The structure of this course seems like a good fit, I like the idea that we will be exploring the “how to learn” throughout the course. I am looking forward to interacting with my classmates across different platforms and learning about current events and how they apply to digital transformations & emerging technologies.

I currently work in the insurance industry and I see firsthand how there are companies that are innovators that are first to adapt new technologies to companies that are on the other side of the curve for late majority and laggards.  It’s funny to look back to a year ago where is was not a common practice to work from home.  When people worked from home the attitude was that employees were not actually doing work.  Where today you see how quickly companies have made the transition to be just as, (if not more) effective from home with COVID.  Instead I think we will be seeing a lot of industries selling space and more people being fully remote.  It is interesting to see how when companies have no other options they can quickly adopt.  If it wasn’t for the pandemic, I do not think many companies would invest in the extra band with or supplies for employees to be efficient at home. 

Image result for funny work from home memes

I really see the other side of this as I am working to implement a new cloud-based planning system at work that will be used universally across the company.  Even though this will make the process easier in the future and create alignment across business units we are moving very slowly in the transition.  I think this is because people are often wary to move from a current process that works- to invest the time and money to upgrade to something better.  It moves slowly when not required because at a big company there is a lot more boxes that need to be checked and buy in that needs to be signed off on.  When a transition is required work gets done much more quickly and efficiently.

In class, many of our classmates have expressed apprehension toward new technology such as AI replacing jobs.  I think we have all felt this time after time where we see a computer has the ability to do a job faster and more accurate than humans.  What I think is really cool and interesting about new technology though, is the opportunity it presents for new jobs. 

Thinking back ten years we can see many platforms that have emerged to allow people to make money in “nontraditional sense”.  Such as the emergence of podcasts which provides a new way to both start a company and advertise.  We also see this with sites such as YouTube and Tik Tok that have allowed for vloggers to make full careers off using these platforms to build a following and grow an entire business off of showcasing their lives.  Earlier this year we have seen companies such as Walmart run ad campaigns off Instagram paying influencers to use their products in order to appeal to a new market.  Even Uber & Lyft are platforms that allow for people to work as much or little as they want and at the hours they prefer. With more technology I think we will see even more people in the coming years have “side hustles” that turn into full time jobs. Below you can see the average earnings across platforms from influencers on posts. (pretty crazy right!)

I am looking forward to continuing the expand my knowledge and learn more about new technologies coming into the market.  With all the new technology I think education is also ready for a change of pace / practice and I am excited to experience learning in a new format this semester.

3 comments

  1. abigailholler1 · ·

    Hi Alex, definitely agree with your point above regarding the expansion of the job market driven by technological advancements. In addition to the non-traditional jobs in the influencing world you called out, there are various new ‘corporate’ positions that are meant to support the advancement of digital tech for company’s internal operations. For example, at my company, we’ve begun to hire “data architects”, “product owners”, and “visualization managers”, role types that wouldn’t have been around a couple years back. Hoping this course can help me answer the question: what are the new corporate roles we’ll start to see pop up in the next 5-10 years?

  2. alexcarey94 · ·

    Hey Abigail- I totally agree. At my office we have also full new teams that are dedicated to transformation- from either implementing a new product to managing a transition & relationship with outsourcing. I agree with your thought it will be interesting to think about other jobs like this we expect to see in the furture.

  3. AndraeAllen · ·

    Welp, I learned something!
    My 7yo son loves watching YouTube videos of other kids playing with their dinosaurs and action figures. I often wondered, what incentive is this person receiving to consistently makes these long highly edited videos. Thanks to your “Follow The Money” chart it now makes allot of “cents”. Great post! Thank you for sharing your insights with the class.

%d bloggers like this: