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Digital Transformation (Bits vs Atom )
- 1. Digital Transformation Bits vs atom Skanda shastry skanda.shastry02@gmail.com @skanda_ms
- 2. Invention??
- 3. •Our nuclear bases still use CD/Floppy disk. •Our new fighter can’t even fly in the rain. •We wanted flying cars, we got 140 characters. •Instead of going to mars, we have invaded Middle East. — Peter Thiel
- 4. • Bits:Company which builds on bits & bytes (0s & 1s) as a fundamental building block. • Atoms: The smallest unit of matter. & The company which builds purely based on substances aka company having physical visible products.
- 5. • Combined Bit & Atom:There is a 3rd group where the most successful companies are coming up with products and services that really do combine the best of both worlds i.e. bits and atoms • Converting Atoms to Bits: Transforming the atoms to bits across the information superhighway.
- 6. Which is more Valuable?? Bits or Atom ??
- 7. Data is new oil ⛽⛽ • Bits: Data/Software • Atoms: Oil/Energy/Land • Valuvation: In general value of the tech companies increases over the time with the decrease in the cost of the product.
- 8. • Bill Gates ?? Bits : Moore law!! Atoms: Power of compounding!! Its easier to start the software companies than drug or refinery companies!!
- 9. Two shades of the world?? ✔ The cost of printing and mailing papers continues to rise. The cost of online news continues to drop. ✔ The cost of business travel in a jet, primary education, continues to grow while the mobile phone gets cheaper & more capable. ✔ The cost of Coca-Cola, pizza, Rolex watch, Sunglass, medicine & medical treatment is rising but electronic gadgets, computer equipment getting down day by day.
- 10. MONOPOLY 🎩
- 11. Tangible vs Intangible🔎🔎 • Bits: Intangible assets which cannot be touched. *Do not have a physical presence. Includes goodwill, brand recognition, copyrights, patents, trademarks and customer data • Atoms: Tangible assets are items of value that you can touch. * Having physical presence. include furniture, computers, buildings, and vehicles, land, Inventory, metals.
- 12. Stagnation vs Singularity • Singularity: Point at which, when the invention of artificial superintelligence (ASI) will surpass the computing power of the human brain, resulting in unfathomable changes to human civilization. While Mark Zuckerberg wants to help you share baby photos Musk wants to save the human race from accidental annihilation Electric cars, solar energy, rockets, Hyperloop their vivid portfolios (most of them are atoms)in musks baggage shows his zeal in the humanitarian welfare!!!!!!!
- 13. Future 🔮🔮🔮 The hardest problems are always ATOMS ⚛ — they exist in reality (climate change, food production, pollution etc.). The bits are just tools to solve these problems. At the end of the day, bits without atoms are like Fire brigade without water ‼ Questions??