I tend to be the sort of guy who benefits from a traditional structure and this looked to be outside of my comfort zone. But it is for that very reason that I like this should be a valuable class for me. I can into my current professional status with no relevant experience and that baptism of fire was the right move.
I’m hoping this class will follow a similar path. I came into the MBA program with no prior education in business and with only a single class on html. Now, I feel very competent in a variety of the subjects I’ve taken and am eager to add arrows to my technical quiver. I started the program right when that added the three data requirements. Seeing that, it was obvious that the market for data skills and technological literacy was one that I needed to get into. While I have to admit that it was a bit intimidating at first, I saw that these skills would only continue to become more and more valuable as the digital world grew.
But beyond getting better at R and SQL and things of that nature I want to have a better grounding in the conceptual area of things so as to be able to not just understand what’s happening now but to better see the path ahead. Like a great many other people, I’ve become fascinated with the cryptocurrency space. I’m not here to tell everyone to put all their money into Dogecoin (I do think it would make for a good class discussion if you did) but they concept of a decentralized currency is something I’m really following if only out of academic curiosity. The technology of crypto and the various altcoins is beyond me (for now). In all honestly, I don’t even know what a blockchain is. But I’m hoping that this semester will help to enlighten me.
Understanding the current capacity and culture around technology has shown to have massive implications over the past year. In class and at work, the most deeply discussed event was the famous GameStop short squeeze that turned the market of it’s head. Personally, I’m still kicking myself for almost buying AMC stock at $3 but that aside this event demonstrated that the failure of large institutions to understand internet culture or how forums like reddit created a sort of democratization in trading. In this and a variety of other topics I’m sure we’ll hit on there is a recurring theme of the old guard failing to keep up with the times. I don’t to fall into that trap, be it in my investing or in my career.
The world changes and whether you like it or not, it certainly changed over the last year and a half. There are many in person experiences that I now value more than ever, but there are some aspects of life that are rightly becoming digitized. Everyone rightly points to working from home. Many of us (myself in particular) are big fans and advocates for it. But what else will from the pandemic will stay or become more digitized?
Online shopping was been a monster for years but this past year only accelerated it’s growth. What does that mean for the future of brick and mortars stores and can they adapt? What’s going to take of the real estate of stores that can’t keep up. You know you’re getting old when you start reminiscing on places that went out of business (RIP Atrium Mall). At the ripe old age of 28 I can safely say that I’ve finally come to terms with this and other relics of my childhood going extinct. In my advanced age I’ve come to see the value in cultivating knowledge from multiple sources. I’m eager to hear (if I remember to put my hearing aids in) what the rest of you think about these things, mostly because you all probably understand technology better than me.