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“Pine Trees have these needles that they drop around them, so they stung all the competition beneath that pine tree. It means that when you're a plant who's trying to compete with that pine tree, there's not much chance you'll be able to grow in its circumference.” The metaphor of the pine tree implies that the new rules of competition have changed not only in the tech space but also in the global economy. It is also undeniable that this difficulty is fueled by the democratically-elected monopolies that either give us business learning points and benefits or greatly dominate the industry – adding more tension to the competitive marketplace of tech. Paul X. McCarthy tackles this state of market power and dominant companies that are taking over the power/control in the technology industry. He also tackles how research and computational data science can help understand human behavioral trends and the productivity and impact of individuals on businesses. Paul is the CEO and Co-founder of the League of Scholars, a research leader, an author, and an adjunct professor at UNSW Australia In this episode, we particularly talk about: 1:58 - 3:13 About Paul X. McCarthy 3:53 - 5:11 The Motivation of Paul to write the book “Online Gravity” 5:23 – 6:53 An example of How the Rules of Competition has changed 6:54 – 7:47 “There is a lot going on in the Tech World” 7:48 - 9:29 Dominant Players in Market Competition 9:52 - 11:40 The gravitational pattern in the business world is because of the Range of Network Effects – Increase in Returns, Familiarity of Users, etc. 11:41 - 13:03 Theory of Online Gravity: Small Domains gain the largest share of online attention, market power, and dominant companies 13:04 – 14:18 Good News: The benefit derived from Global Companies and Monopolies that are approved by the people 14:19 - 14:58 Harder Competition in the Market 14:59 - 16:36 Relation of the Natural World and the Business World - Diversity 16:37 - 18:27 Functional Competition and Functional Dominance 19:25 - 21:37 What Companies do to Dominate their Markets 22:22 - 23:08 Efficiencies and Benefits in Global Enterprises 23:09 – 23:40 The need to be Mindful of Monopolies 24:30 – 26:10 About the Leagues of Scholars and What they do 26:25 – 28:33 Economic Results of COVID-19 on Research 28:46 – 31:10 Acceleration of the Field of Computational Science Research 31:29 – 33:15 The Reason for the Forgetting Curve 34:03 – 36:05 Challenges and Opportunities in Data-driven Companies 36:26 – 41:22 Working with the Government 41:34 – 43:33 What Paul does for fun Visit Paul's website: https://www.onlinegravity.com/ Mangtas Nation is hosted by Mangtas CMO Jacki Demuynck and CEO Wouter Delbaere. Jacki and Wouter are also the co-founders of Mangtas – a digital platform that provides reliable B2B tech solutions through vetted vendors and an optimized project flow. Connect with Paul: www.linkedin.com/in/paulxmccarthy/ Connect with Wouter: www.linkedin.com/in/wouter-delbaere Connect with Jacki: www.linkedin.com/in/jackidemuynck/ Join us at https://tinyurl.com/mangtaswebsite Follow us on Spotify, LinkedIn, Facebook, Instagram, and Twitter!
Paul is CEO of data science and research startup League of Scholars, which works with a wide range of organizations including Nature and News Corporation, and the cofounder of a number of other ventures, He is an Adjunct Professor at U of NSW and Honorary Research Fellow at Western Sydney University, and the author of Online Gravity, a successful book on how technology is rebooting economics.
Professor Paul X. McCarthy is an author, speaker and technology consultant. Based on twenty years of experience and private research McCarthy's book Online Gravity explains how technology has rewritten the laws of economics and how individuals and businesses can prosper by understanding the new Digital DNA of business. Online Gravity is published by Simon and Schuster in London, Sydney and New York. A bestselling Chinese language edition is published by CITIC Press Group (引力) in Beijing and recently AST have published a Russian language edition (Бизнес в интернете) in Moscow
Would you believe that your personality, even your social media one, can have an impact on your career? This is what Professor Paul X. McCarthy and his team sought to prove when they created Ribit. Professor McCarthy theorizes that a student’s personality would impact the job they would eventually get after graduating. He is an author, speaker, and technology consultant based in Australia. His book, Online Gravity: The Unseen Force Driving the Way You Live, Earn and Learn, is about the nature of the new rules of economics that stemmed from his personal experience and observation. In this episode, he joins Dr. Diane Hamilton to discuss one of the new rules of economics wherein competition leads to global oligopoly. He also shares about the study he did about the correlation between one’s personality and his job, where he found that more often than not, people who have similar personalities tend to gravitate towards similar careers. Take a look at your coworkers. Do you notice if you share the same personalities? Love the show? Subscribe, rate, review, and share!Here’s How »Join the Take The Lead community today:DrDianeHamilton.comDr. Diane Hamilton FacebookDr. Diane Hamilton TwitterDr. Diane Hamilton LinkedInDr. Diane Hamilton YouTubeDr. Diane Hamilton Instagram
In this episode of InTransition, David speaks with Paul X. McCarthy, author of Online Gravity. A leader in Australia's digital industry, Paul is an authority on the transformative nature of technology and the internet, and shares intriguing insights about what the future of online might look like and how it will shape our world and workforce.
In this episode of InTransition, David speaks with Paul X. McCarthy, author of Online Gravity. A leader in Australia's digital industry, Paul is an authority on the transformative nature of technology and the internet, and shares intriguing insights about what the future of online might look like and how it will shape our world and workforce. Hosted on Acast. See acast.com/privacy for more information.