Saturday, September 5, 2015

Who Are You Going To Call

Leveraging technology to make a company run more efficiently, reduce cost or improve quality is simply not enough. A resume in which you offer to replicate this for any new company is going to be passed over by most. Today the head of technology is expected to be a full member of the
management team contributing to the development of new product and services, expanding the customer base, and opening new markets of all kinds.  The good news is we are empowered to do this with the affordable computing power, connectivity and data available.  Moreover, the world is finally in a state of readiness to accept these new ideas. The classic examples include Airbnb, Uber and the new similar application where people share boats.  The new norm is technology turning an industry completely inside-out.

We are now an on demand, variable supply, value-based micro-company society where every individual can be an entrepreneur, running an entire business, often without having to leave home. Business opportunities exist on both sides of this model. Traditional companies  leverage just-in-time supply of expertise, consuming just enough to meet their needs without incurring additional overhead or associated costs. Individuals can apply their deep knowledge and experience to a wide variety of issues across many clients, constantly learning and improving while delivering efficient and effective solutions. Instead of one individual with a little experience in several areas being on staff, engage six experts as needed for portions of the project achieving superior results with lower long term cost.  

What I envision is different from the classic consulting model where companies engage teams from well know firms like Accenture, Oracle or Mercer, and instead turn to vehicle such as e-lance to solicit bids for specific resources or solutions from individuals.  As the boomers age out of the work force they become increasing rare and valuable resources with exactly the right knowledge and skills to meet these demands. Orchestrating the match of needs to resources represents, in my mind, one of the most interesting and potentially rewarding business opportunities today and the near future.

Captain Joe

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