When deciding what is worth developing in terms of professional skills, there is an important concept that I would like to talk about, we would call the half life of skills. My name is David Orban and this is the context
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When deciding what is worth developing in terms of professional skills, there is an important concept that I would like to talk about, we would call the half life of skills. My name is David Orban and this is the context
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I'm often asked for advice, what are the areas of technology for example, where a certain person should invest in developing new skills. And I am always very happy to provide my feedback, the opportunity is available for all of us to improve ourselves. Of course, this is true both in the personal sphere, as in the professional sphere, but I will concentrate on the second one today also, in the questions come from people of all ages, and this is very appropriate, rather than being set in a given type of career. Even those who are not very young anymore, who are not at the beginning of their professional trajectory, can and should invest in themselves in order to maintain and improve their ability to provide value to the businesses that they work together with. This is especially important in terms of what I call the half life of skills. What do I mean? Well, if anytime we decide to invest our attention, our resources, our time in a given direction, we have to take into account the
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opportunity costs that arise unavoidably the decision of going in one direction will imply that we do not go in another direction or as a matter of fact, a very large number of possible alternative directions. So, the decision has certain costs associated with it, both in terms of time, resources, attention and in terms of opportunity costs. And given that a our professional time is limited, at least for now, even if measured in decades, we definitely want to maximize the return on the investment that we are making in developing a new skill. But not all skills are equal. Some of them are more marketable, some of them are it harder to acquire, they require a longer application, a deeper understanding or maybe specific talents and attitudes. So, there will be a natural ranking of what the opportunities are of acquiring a new skill based on these criteria. One of the most important criteria is however, how long am I going to be able to apply usefully that particular skill in a market
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constantly evolving? where new technologies new approaches, new attitudes, new requirements, constantly pop up? The probability that rather than a particular skill being attractive in a broad market, a in my ability to generate value in that market, that particular skill being neutral or even a hindrance when that probably the reaches or goes below 50%. I call that the half life of the skill. So let's make a few examples. The probability that soft skill would decline in its ability to generate value is very low empathy, my
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capacity to put myself in someone else's shoes, and as a consequence, better understand their point of view, and maybe better negotiate an outcome with them, that optimizes not only my interests, but their interests and objectives as well. Putting our relationship in a stronger foundation for future development. It is unlikely that improving our empathy is going to be in the future less valuable than many other things where we could invest our time and attention. The ability to find and hire a man edge, and if needed fire people, recognizing in others, those professional characteristics or human qualities that complement the existing team and fill gaps. In order to make everyone more effective in reaching our goals, this is also a skill that is very unlikely to decline in its value. So, the conclusion is that it is always worth investing and improving in soft skills at any age. Another example, could be the ability to communicate your ideas, public speaking, to many people are
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hindered in their capacity to build their professional career or to give form to their ideas by poor communication abilities and pretty widespread fear of public speaking. Now, on the other hand, there are definitely extremely valuable technical skills that are worth acquiring. And these are almost always characterized by waves of excitement, that make them very attractive, and it is absolutely worth to consider how to combine a solid foundation of technical skills that have lasting power together with those that may require some deep analysis, but it may have a shorter Half Life. Again, let me give a few examples. One of the greatest waves of excitement is around cryptocurrencies, the Blockchain and the corresponding technical skills of developing applications based on the Blockchain, smart contract development and so on. The whole philosophy of a decentralized and distributed application is very different from the philosophy of a traditional application. And as a consequence, it a
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developer must acquire an ability to understand the logic of the program and how it the Blockchain can support certain functions, but also how others are much better handled, at least for now by more traditional centralized structures. So, from an architectural point of view, it is extremely valuable to understand the balance of the components of a Blockchain project. And it belongs to a technical skill to be able to make decisions around this architecture that is likely to stay because the
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compromises or the decisions that need to be made around which components to decentralize, which components to put on centralized systems instead is going to change but still, the decision will need to be made and the ability to make those decisions will stay valuable. which programming language which particular framework, which approach needs to be used to implement the solution that has been designed and architected on a given operating system or a given layer one Blockchain particular mobile phone target? Well, that is much more contingent. If you developed a few years ago, a mobile application? Well, somebody in the team or a client could ask, shouldn't we also have on top of iOS and Android, also a Windows mobile version? Well, Windows Mobile didn't survive. So the ability to develop for Windows Mobile has also become obsolete and kind of useless. Today, there are new opportunities for sure. Another example, is developing for interactive, smart speakers, and the conversational
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interfaces that they represent or developing for the new Metaverse environments, where the interactivity and the three dimensional immersive reality they create, pose a completely new set of challenges for both those who architect the solutions as well as to developers have the solutions and familiarizing oneself with what are the tools? And what are the approaches to be able and rapidly acquire the new skills needed? Of course, it's possible. We have to be on guard against both requirements and claims that are close to impossible, if not truly impossible. This creates some posts that you may have seen online, where the creator of the framework says, Well, evidently, I wouldn't qualify because I only created this framework three years ago, it became very popular, but this job requires five years of experience or more with my own framework. So it understanding in and analyzing what is the likely life lifecycle of these technical skills enables a person to make very valuable judgments
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on the investment that a particular direction deserves. Here is another example. Machine learning is exploding with beautiful applications. Supporting creativity and creators, for example, in its ability to generate images or generate text, without any technical knowledge well The technical knowledge of creating these platforms such as GPT, three dally to me journey and many others is of course, tremendous it but here as well it is possible to distinguish a particular way of setting up the machine learning lifecycle in
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collecting the data, preparing the data, training the algorithms on the data in then continuing with the cycle improving the results from a deep understanding of statistics and data science, while the approach on the surface will change in the approach at the bottom is likely to stay constant for a long time, possibly decades. So, I hope that alongside the other useful parameters of prioritizing certain skills that you may decide to acquire this concept of the half life of skills is something that you also find valuable. Thank you
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