The jobs of experts around the world are getting more complicated all the time – with more data to work through, more complex demands, faster decision making required.
As a nice illustration, consider the list of tasks which India Prime Minister Modi has set himself, shown midway through this Economist article. Open 75m bank accounts, unique identity number for 1bn people, set up courts for politicians, cut Delhi air pollution, implement a goods and services tax and improve the sex ratio (stop female babies being killed), and that’s the first 6 out of 30 projects.
And we include experts in all businesses and government areas here – running shipping companies, oil and gas exploration (two industries we know a little about), managing carbon emissions, running police departments, anything.
All of these sectors have millions of subsectors – for example, see yesterday’s post showing a sample of “software for domain experts” active in the upstream oil and gas industry – all very specialist.
Probably the lesson here is that in order to spot a market opportunity, you probably need to be a domain specialist yourself. There are plenty around. But that doesn’t mean it is easy to find one who is ready to work with you in a partnership!
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