Preparing for disintermediation. What will the future look like in a global gig economy?

Transcription

1 Preparing for disintermediation What will the future look like in a global gig economy?

2 Hallo mijn naam is Introduction 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 2

3 In this industry since Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 3

4 2018 Luigi Muzii Working with MT since 1991 Hic et nunc: What will the future look like in a global gig economy? 4

5 Working in telecom until Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 5

6 2018 Luigi Muzii Freelancing since 2002 Hic et nunc: What will the future look like in a global gig economy? 6

7 University teacher until Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 7

8 Business consultant since Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 8

9 Outline What is the gig economy? Who benefits from it? Where does it apply? When does it prevail? Why is the translation industry affected? How is disintermediation relevant? 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 9

10 Translation practice Translation profession Translation industry Translation, its industry and the growth of technology 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 10

11 Translation industry Translation & Industry Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 11

12 What is the gig economy? Earning income with short-term engagements through digital platforms 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 12

13 Where does the gig economy apply? Multi-sided digitally-networked markets 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 13

14 When does the gig economy prevail? It s been happening, from consumption and leisure to services and manufacturing 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 14

15 Why is the translation industry affected? Because there has always been little or no difference in the business models 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 15

16 Who benefits from the gig economy? The new vassals that own the platforms 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 16

17 How is disintermediation relevant? Old-fashion markets are being disrupted by software technologies parceling out jobs in discrete tasks and matching customers and workers online with pay determined by demand 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 17

18 The future How long will the translation industry survive? What will translation look like in five years? Is a career in translation still advisable? What are the options and strengths to explore? What are the threats and weaknesses? 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 18

19 Caveat The closer your vision gets to a provable future, the more you are simply describing the present 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 19

20 The future is not what it used to be L avenir est comme le reste: il n est plus ce qu il était. Paul Valéry 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 20

21 From sharing to scraps The sharing (access) economy originated the platform economy, which is the foundation of the gig economy 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 21

22 Production life cycle stages How long will the translation industry survive? Revenues Profits Development Introduction Growth Maturity Decline 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 22

23 What will translation look like in five years? End of platform war Plutonomy MT proliferation Dramatic shortage of translators 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 23

24 Is a career in translation still advisable? Skills other than (foreign) language(s) 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 24

25 What are the options and strengths to explore? Technology MT is now GPT The washing machine has changed the world more than the Internet Knowledge Technology is no magic wand Processes enable technology to maximize benefits and minimize risks Data Inferences are as good as the data used 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 25

26 What are the threats and weaknesses? Business model Industries remaining too long as such with large inefficiencies are ideal candidates for disruption Information asymmetry Transaction imbalance Buyers cannot assess the value of service before sale Skill shortage Low pays drive best resources out Poor skills are the result of unfit educational programs New entrants and substitutes Undifferentiation No network effect 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 26

27 New entrants Outsiders, more and more often 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 27

28 On the eve of disruption Decreased transaction costs are expunging intermediaries from electronic value chains 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 28

29 So what? If you can t beat them 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 29

30 Side with evil 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 30

31 The other dude The reason Uber could be expensive is because you re not just paying for the car you re paying for the other dude in the car. Travis Kalanick 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 31

32 Reputation 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 32

33 Freelance recruiting 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 33

34 Cybermediation 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 34

35 Focus on the S in LSP Start by refining your service offering 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 35

36 Exploit technology Beyond CAT, TMS and MT 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 36

37 Turn your data into assets and make the most of it 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 37

38 Knowledge What do you know about this? Who shot it? And who shot the shooter? 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 38

39 Measure Know your data Master metrics Identify key measurements Select the right tools Test your methods 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 39

40 Signal Convey information about yourself to buyers positively correlated with capabilities 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 40

41 Embrace the future Hic et nunc 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 41

42 Dank u wel Don t forget your download card 2018 Luigi Muzii Hic et nunc: What will the future look like in a global gig economy? 42