Information Technology (IT) is filled with closed markets, while open markets fill our everyday life. Startups are harnessing the same 3 ingredients from the GameStop Short Squeeze of 2021 to bring open markets — and huge price corrections — to corporate IT.
In the technology world, most buying and selling occurs in closed markets. Sure, if you buy a single laptop, you hit “Buy” on apple.com and a box arrives— in the corporate IT world, where most of the 4 trillion dollar IT market spend occurs, no one pays retail.
How do you know when your team is stuck?
Everyone experiences small frustrations that block their work. When managers hear about them, it’s often only when subtle issues have grown into larger problems. This is especially true for remote teams.
Subtle issues are hard to track with traditional one-on-one feedback. To unblock your team, you need a faster feedback routine.
What traditional feedback looks like
Let’s imagine a development team at Shakespeare Unlimited, a company I just made up. They are racing to improve Hal, their cutting-edge AI software, which creates new plays written just like the Bard.
I advise select clients on technology management.