I was thinking about the Economist article that I read a while back that had compared the new data center to the oil wells of the last century. The article was making a point that in the current environment – Data is the new currency and that companies able to monetize the data were going to be the leaders of the future. If you have not read it, you can find the link here. .Nothing earth shattering in hindsight for us in tech but something to ponder over still. Does having access to data alone makes the data worthwhile or is it only useful if you can capitalize on it?
Fast forward to April 2018 and all of a sudden there has been a deluge of GDPR related webinars in our inboxes from all sorts of companies asking “Are you ready for GDPR?”. Its as if the bogeyman from the EU is here and we are all headed towards a disaster. It reminded us of circa 1999/2000 when Y2K was all the rage and companies prepared for all kinds of calamitous circumstances.
As a father of two teenage kids, I could not help but compare the average teenager to a fast-growing company. There are a few things common to both. They both have a voracious appetite. All of us can reflect back to the days when we could devour quantities without feeling guilty. Likewise, a growing company can devour resources, both cash and people faster than you can supply. Similarly, like teens, growing companies are rebels by nature. Process and policy is an anathema to them. These are things that are perceived as bureaucracy. Its akin to teens rebelling against all the lessons of experience we as parents try to impart with.