Today’s lesson was separated in two sections mentioning about the impact of technology and global dominance as well as to human development. For the first part of the session, companies were being categorized into 3 different groups of players. They are known to be: “Rising star”, “Dominant player” and lastly, the “Falling star”. It then struck me how technology has made an impact in where company stands in the society. Nokia is used to be known as one of the most popular mobile brands that everyone would like to own. But due to the lack of new technology that they are bringing to the society, they gradually fall out the shopping list on each consumer. Meanwhile, other brands like Apple, Samsung and Blackberry constantly update themselves and synchronizing with other countries to bring in the newest technology the world is using. This also explains why Apple is the dominant player in the world because of their newest innovation which is able to satisfy the “tech-hungry” people in the society.
There are also some ideas that were being mentioned during one of the oral presentation which is that with the current pace that China is going, it is very likely to overtake US very soon. And with the support of the video showed by Prof Shahi, “The Joy of Stats” regarding how countries have progressed over the years, I believe the overtaking process of US will be shorten as days goes by. Interesting, I realized that although some countries like China who used to be very poor in terms of technology and economy, have improved drastically. I believe that this is largely due to their willingness to accept the newest innovation and also constantly improving themselves by doing massive research on how to improve on those current technologies that they are being exposed to.
The key takeaway messages from this session will be that although companies might be the “Dominant player” now, they might even become the “Falling star” the very next moment. Technology does wonders and in lightning speed. It can determine where companies stand and how long in the current position. At the same time, we cannot live without technology (Example: mobile phone) or we will definitely feel something not right or even handicapped for the day. However, with technology integrating to daily lives more and more each day, are we becoming robots instead?
Personally I will rate this session 7/10 as I feel that the session is a bit too rushed today and I think many topic examples were being shortened. However, due to the fact that it really make me think about where Singapore will be in the next 5- 10 years and make me realize the drastic impacts that technology brings about, I give it a 7. Looking forward to the next lesson to where technology can bring us to!