How to see the future without magical power...
Where is the car?
Photo clicked on Easter early morning in 1900, 5th Ave, New York
Where is the horse?
Photo clicked at same place on Easter Morning 1913
Assuming you can spot the car in first photo, it’s one single car moving along with all horse carts, and in the span of 13 year, can’t spot a single cart in this rush hours by cars (there is one, if you have good eyesight)
The change is fast, it’s consequential and it’s quintessential for life. And as Heraclitus said…
We can’t escape change, what will help reduce the anxiety for change is anticipating it. But without magical power or without magic ball, how to anticipate change or the future?
The past gives an ocean of information when it comes to understanding our behavior under a particular situation. If we are a good observer of the past, we can anticipate how we will behave with upcoming changes. As the changes are hardly drastic, unlike Pandemic like outlier events, the changes are typically subtle changes, what surprises us, is our ignorance. We ignore slight changes, which lead to big events. So, start studying the past, it could be as easy as just summarizing each day in your mind at the end of the day, week. (Can write diary, but I’m not good at it, hence not recommending it)
The future, as I said, is not always an outlier. We can’t prepare for outlier, and there is no point preparing for it, what we can do is connect the dots from past and help understand the upcoming future trends. Look for trends around, what’s happening in other industries will soon come to your domain. You need to be aware and forcefully look for changes happening in other industries.
Whatever you do, think like an entrepreneur, what does that mean? When you are an entrepreneur, you have skin in the game. You are invested, and you will have strategies to minimize risk. Now that comes naturally to entrepreneurial person, as he will always strive to survive and succeed. This is a mindset switch. Just thinking of yourself as an owner of a product, department, or organization you are responsible for, you will start working toward sustaining it. Thinking you own your life itself brings lots of clarity and ownership. We will stop playing blame games if we own our life.
The anticipation also forms the basis for the next two actionable, “explore” and “formulate”. How to formulate? Look for the following items to get some hints
The process is important, as important as the product BUT The object of the plan is to change something so it must be IMPLEMENTED!
By the way it should be Timeseries struggling.
It’s basically fight of tools. When you have plethora of tools available, you always get confused with which one to follow. In my case it’s R vs. Python
I like the ease of R to do data wrangling and get more insight but it’s Damm slow when it comes to running forecasts locally.
Python on other hand has huge ML libraries, and seems to be optimised for average PCs. Though the language itself is simple to learn, it’s not as nimble as R in RStudio
R also has many packages to do wonderful analytics specially forecasting, as that’s my interest. Python also has similar packages but mostly ML is it’s strength.
Now when I get data, I really spend time is weighing the tools to be used by using them, and it’s killing the time. I think in need to Jordon my workflow on what to use for what and stick with it.
In this journey, I think I’ll be sharing some nice shortcuts and some challenges those I’ll be facing and coming up with some solutions, optimised or not.
Let’s discuss this in future posts.