Showing posts with label Technology. Show all posts
Showing posts with label Technology. Show all posts

Thursday, December 29, 2022

2022: The Year Gone By

After the horrors of 2020 & 2021, Covid-19 was finally off the main headlines in 2022. It’s still not over though with the year bookended by the Omicron wave at the beginning and apprehensions of a new wave emerging from China (where else) at the end. The war maybe be under control but battles are still raging on. While we wait and watch, hopefully much better prepared, here is a recap of some major (and not major) events to look back upon (or maybe not)

1. News Event of the Year: Russian invasion of Ukraine
On 24th Feb ’22, Russia invaded Ukraine. It’s been 10 months, but the battle rages on with territories gained, wrested back and lost again. Apart from the actual battle on the field, there was another one being fought online between two propaganda machines. After a while, no one was quite sure of what was happening on the ground. Only one thing was clear - the human cost was huge and so has been the military spend. There have been economic sanctions and sports bans imposed. Yet the war keeps going on and on. And as a collateral damage, it has spawned arm-chair geopolitical experts, with most having a minor expertise in petroleum economics as well.

2. Designation of the Year: Chief Twit
Elon Musk acquired Twitter (rather was forced to buy after having announced his intent to buy), announced himself as Chief Twit and turned Twitter into a dark comedy channel. Proclaiming free speech, then banning accounts which he did not like, changing policy, firing people and then trying to rehire them, restoring banned accounts, finding himself being voted out as CEO on a poll he conducted! More than the company – he has become a non-stop source of amusement!

3. Work Jargon of the Year
Be “Extremely Hardcore” – the ultimatum given by the “Chief Twit” to the remaining Twitter staff. The deadline passed and far less people remained (What A Surprise!).
On the other end of the spectrum was trend of “Quiet Quitting” – where workers did only what was supposed to be done and not more (Again, What a surprise!).

4. Management Course of the Year: The Football World Cup
From being the “beautiful game” football evolved into a full course in management, with every match, every play, every goal scored, every shot saved, the actions of players, coaches, the watching dignitaries being dissected and ending up as a “what life lessons you can draw from them”? post on LinkedIn.

5. The fall & fall of Big Tech
There were the antics of Musk, the single day drop of $ 230 Billion in valuation of Meta, large layoffs at Amazon & Meta, Elizabeth Theranos (once touted at the next Steve Jobs) sentenced to 11 years jail and finally Sam Bankman-Fried – from appearing on Fortune magazine as the next Warren Buffett to be arrested a few weeks later for what could potentially be the biggest financial fraud! Tech industry was in turmoil to say the least!
And then there was the bizarre case of Chitra Ramkrishna who was running NSE based on advise of a “Himalayan Yogi” who communicated with her via email! 

6. The Eyjafjallajökull of the Year
Remember the volcano with the most exotically unpronounceable name which disrupted European airline traffic in 2010. It found its successor in 2022. The Hunga Tonga-Hunga Ha'apai Volcanic eruption which cut off Tonga from the rest off the world and caused damages worth ~$ 90 Million in a country whose total GDP is less than $ 500 Million

7. The New Fad of the Year - Wordle
There was Wordle, a fun game. You play it and then spam the whole world with your grid of grey, yellow & green! It also spawned variants, more numerous than even the covid variants! It may be off the headlines as the year progressed but remains fun!
8. Lost & Found of the Year: Endurance
1915 - Ernest Shackleton’s ship Endurance sinks off Antarctica.
2022 - 107 Years later, it is found again, resting in the depths of the ocean

9. Book of the Year: Ret Samadhi
Geetanjali Shree’s novel became the first Hindi novel to win the International Booker Prize. Now for a twist in the tale. On Amazon, the original Ret Samadhi is available cheaper than its translation Tomb of Sand!

10. Vegetable of the Year: The Lettuce
Why not, after all it outlasted a Prime Minister. So short was Liz Truss's term, that her biography had to be updated before it could be published! But she did oversee a regime change during her brief stint.

11. Quote of the Year: “I am Mr. McAdams


So this was a bit of 2022. Wishing all readers a Very Happy 2023!

Saturday, March 03, 2018

BookMarks #35: Predictions 2018

Title: Predictions 2018: Froth and Frustration 
Published By: Thomson Reuters
Genre: Current Affairs
Published: 2018

BookMarks
Making predictions about world affairs in these increasingly crazy and uncertain times is not easy. We are living in world of rapid Global Warming while parts of Europe are freezing! But its human nature to attempt to predict and anticipate the future - reason why every newspaper has the astrology section!

Predictions 2018 is a compilation made by Thomson Reuters on likely scenarios affecting the world in this year. However they are more generic in nature and just give likelihood of events which could shape the world. But in my humble opinion, the events which can be predicted have only a minor effect, it is the Black Swan events which really alter our world.

The predictions covered are more economic and technology focused rather than the political ones. Which is a more accurate reflection of the current times and an increasingly inter-connected world. After all technology boosts changes faster aided by the right economics while politics mostly tries to maintain status quo! The predictions cover a variety of subjects - Cryptocurrencies, commodity prices, economic policies of Trump & Xi, the next steps for the tech giants, trade wars and potential impacts and potential regime changes. However, the book only describes potential scenarios but doesn't detail out their possible impacts. Actually a smart move!

Its a short and succinct read on the subjects which could shape our future.

Previously on BookMarks: Fire and Fury

P.S. 2017 edition of Predictions.

Saturday, January 28, 2017

BookMarks #20: Predictions 2017

Title: Predictions 2017 Seismic Shifts
Published By: Thomson Reuters
Genre: Current Affairs
Published: 2017

BookMarks
After the surreal year that 2016 was, we enter 2017 a little apprehensive of what the future has in store for us. "Predictions 2017" is a compilation of some of the predictions made by the Thomosn Reuters for the coming 12 months.

The predictions are categorised under three major heads -  geopolitics, economics and technology. And over all of these looms the shadow of one major unknown - Donald Trump. We do not know what Trump has in store for us. Yes, he has proved to be a maverick, he says things which are not politically correct and his actions defy conventional political wisdom and yet he won the elction. Many of predictions hinge on what this maverick force of nature will do and how much of his campaign "promises" he acts upon.  And more importantly how the rest of the world - Putin, May, Merkel, Abe et al react to him.

The prevailing geopolitical uncertainties add to the risks in economics. Declining crude prices have already shaken up the oil-dependent economies. This could lead to consolidations and alliances of a different kind. Advances in technology may also act as major disruptor. Trump's climate change denials might come to nought for the auto-makers, if Tesla's electric cars come up with a viable recharging infrastructure. The self-driven cars might have a role in changing the insurance industry as well. 

So what will 2017 hold for us. Trump, Putin, Syria, Self-driven cars, Climate change, improvements in gene therapy, consolidation in banking industry, major M&A activity? It covers a wide gamut of subjects. Yet the article which I liked best is the very last one. Every model needs imaginations, a la Harry Potter. Remember the dozen publishers who thought "Harry Potter and the Philosopher's Stone" was not publishing!  Well every one needs a little bit of magic.

Previously on BookMarks - Inferno