When I reflect upon this decade which started with a dotcom bust followed by a terrorist attack that changed all of our lives, I wonder what is one thing that changed us the most this decade. So, I came up with this list of 5 candidates and my conclusion. I invite you to come up with your list and reasoning.
No. 5 – Rise of China and India – China with its low cost manufacturing impacted the whole world in various ways and changed not just the face of China but many other countries. Y2K started India on a path to providing software outsourcing and made India a force to reckon with in software business.
No. 4 – Ecommerce – With well publicized failures like webvan and pets.com, Ecommerce finally became mainstream with Amazon leading the pack and brick and mortar merchants like Walmart fighting that battle.
No. 3 – Social Networking – Friendster may have been an early leader of the social networking phenomena but Facebook now is the new king of this hill and that changed all of our lives in many ways. Twitter, Linkedin, Myspace remain distant challengers.
No. 2 – Terrorism – The decade started and ended with terrorist attacks in the US and terrorism continued its attack on other countries including UK and India.
No. 1 – Mobile Computing/Phone – If there is one thing that impacted us all worldwide the most and changed our lives this decade, mobile phone will take that honor this decade.
What do you think and Why? Share your opinions here.
R. Paul Singh