3 Industries that outlived their age…due to our inertia
Humans are built on habits and we are reluctant on changing them. Change unfortunately is the name of the game we call life and an essential part of our life. Whenever a new technology comes the industries working on or dependent on those technologies have to either adapt to the situations or go out of business. We have seen numerous examples of that.
In fact I can cite a few just now:
- Kodak- Could not transition from Reel photography to digital.
- Nokia- It is still fighting but if it will become the same force as of old is now a question people have stopped asking.
- Sony- Introduced a better technology but later adapted VH tapes and was immensely successful.
- Samsung- Adapted in the new smartphone market and is now the biggest mobile company where smartphones are concerned.
These are just some of the companies and some of the products that are there in the industry. Industry is filled with such examples.
There are some exceptions to them. These companies may not be thriving but there business should have come to a standstill, but it has not.
Out of habits, we let some things happen and this sometimes become a cause of an industry outliving its use. There are some industries that are selling products that have lost practical significance but are still in the game because of nostalgia or habit.
We do not need watches. That is the plain and simple truth. There are watches everywhere, our laptops, mobiles, tablets and what not.
The need for a watch to see time is really gone past. But they still sell. Their sales might have gone stagnant, but they still sell because people buy them, wear them and feel a certain satisfaction in seeing time on a watch.
This is an inertia that people do not want to let go off. Now, watches from being an object of use have become an article to flaunt.
The truth though is that watches have outlived their need.
I know what most people will say. Only the people who have access to internet can afford the luxury to leave newspaper out of their lives and this is a small fraction of the general population. First, it’s not the internet that I believed killed the newspaper; it is 24-hours news channels. Why would a person want to read news that has been told, analyzed and discussed a day before with his dinner. And yet, they are bought everyday and are thrown most of the times. I am myself guilty of that.
My newspaper is partially read thrice a week and completely maybe once a fortnight. Still, it will keep coming in my house for a foreseeable future!
3. Messaging Services
This is not exactly killing any industry but it still counts as end of an era for me. Messages are still being passed no doubt, but as the reliance on internet increases (even 2G) and the smartphones become cheaper, services like Whatsapp are taking over messages.
We can send pictures, audio, video everything via these services where the messaging service (SMS) is still playing with 160 characters and MMS are costly. Even feature phones are capable of running some kind of service like this. Thus, any phone that can connect to internet has the capability of superior messaging at no cost. Yet, messaging service continues to be and companies still offer packages like 100 SMS a day free and like. It is a lost battle for SMS in my opinion.
There may be other services or industries that are negatively affected but are still sustaining because of our habits or because of industries log-headedness.
Would live to hear from you, which services you think are lurking beyond their graves.