Let's start our #GlobalEChats on #music!

Among our #discussion topics: 1. #Stakeholders in music and what happens to them? 2. #Production of music 3. #Consumption of music 4. New #technology out there!
Firstly, let's talk about how scary #technology and #advancement can be to #music.

Some stats:
The US lost $12.5 billion a year in total sales due to pirated music.

71k jobs were lost; $2.7bn in annual earnings; $1.1bn of that would have been earned by the industry.
Source:

sheffieldav.com/education/how-…

But as with any #tech #disruption, there are always negative externalities.

In the #music industry, most of the bad press came from #piracy. Sites like Napster and P2P torrenting were rampant back in the day.
So who are the #stakeholders to the #music industry?

1. Musicians! As #Producers of music themselves.

2. The #Industry (labels, engineers, distributors, etc)

3. #consumers of music (That's us!)
So firstly, the #artiste and #musicians themselves are affected by #tech in #music.

Some of the ways their craft is permanently changed are:

1. Creation of music is now at a much higher quality, even without professional equipment.

2. They are able to edit and correct mistakes
For them, #MIDI is a gamechanger. It allows them to edit and correct musical mistakes and shortens #production time due to these errors.

And not forgetting the #internet too, of course. The Internet and @YouTube has allowed just about anyone to reach out to the masses.
The biggest losers of the #music industry is arguably the record labels.

Previously, they are the rule makers and own the right to the music itself. But gone are those days with the birth of @kobalt and the likes.

Kobalt allows musicians to retain #rights to their music.
And for us consumers? Well, the biggest change that #tech has brought to us is the way we consume music itself.

From only live shows to #vinyl to CDs and now in form of #digital music.

Today, we no longer purchase and store CDs. Everything is on #CloudComputing and on-demand!
But one subtle progress (or not?) that we #consumers benefit from is the birth of new #genres!

From K-Pop to Electronica, we have a wider range of musical genres to listen to!

As for the existing genres? Their production and restoration are in constantly improving #quality!
So when we talk about how #tech has changed the #music industry, we should think beyond just the transition from CDs to @SpotifyMY.

But no technology can come close to musical legends, of course. So to answer the poll yesterday, NATURAL TALENT FTW!!!!
And if you want to watch some videos on this issue, I recommend:



Well, what do you think?

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More from @entreprenenture

Sep 28, 2018
Hello, everyone! Let's start our #thread on #child #entrepreneurs, both in #Malaysia and abroad.

We'll talk about the success stories as well as how to foster their development 😊 Let's go! Feel free to add on to the thread with your own opinion and sharing.
Latest in Malaysia is the story of Ferris. Ferris merupakan usahawan cilik yang terpengaruh secara positif dengan siri Upin dan Ipin! It's good to see how entrepreneurship in an animated series can piqued children and their interest in entrepreneurship!

If you ask if there are more of such stories in #Malaysia, there are!

11 y.o Elisa Ahmad Sayuti and her friends got inspired by both their participation in Kelab Usahawan Cilik as well as seeing their parents who are also #entrepreneurs!

sinarharian.com.my/gps-bestari/us…
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Sep 21, 2018
#Tech in #Farming has been changing the world since the invention of the wheel millenniums ago. Since then, all new innovations either make crops easier to #harvest, more bountiful shorter farming time and more resilient and healthier crops.

Want to know what #tech is hot now?
#Hydroponics has been a thing for a while now while #urbanfarming is still a growing idea. Among #tech that are being used in #farming are drones, #IoT and use of data analytics to ensure the precise farming.

While some may not be tangible but they result to exponential results!
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Sep 14, 2018
Let's discuss this thread for our #GlobalEChats!

So what do you make of the wave of #ecommerce these days? Come delve into the ins and outs of it with us!
So #Entrepreneurs out there, what is ecommerce?

It just refers to electronic transactions done in the name of #sale and #purchase.

In simpler terms, you buy and sell things online with the #internet! That's it!
But to whom and from whom can these #transactions take place between? Surprisingly, it's not just between #business (B) and #Customers (C)!

It can take place between:
1. B2B
2. B2C
3. C2C (or P2P)
4. C2B
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Aug 30, 2018
Fellow #Entrepreneurs, let's begin our #GlobalEChats on #healthcare and #technology!

RT and follow us to keep updated on our weekly topics as well to interact with only the latest of #startup news.
So 79% of you believe that in spite of exponential #technology advancement, humans are irreplaceable in healthcare and will continue to be its frontliners.

Let's also discuss #AI and #robots in healthcare 😁
But first, how has #tech change the face of #healthcare. Let's take a trip down memory lane!

Some of the #robotics you see in healthcare today range from the electronic thermometer to crucial #life support.
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Aug 17, 2018
Let's start our #GEMChats this week. The topic of this week is #student #entrepreneurship!

We'll discuss these three factors in the poll options below as well as replies to the poll 🧐🧐🧐 Let's take this forward!
#Students? And #entrepreneurship? Is that even a good combination?

Especially when you read that the famous student entrepreneurs like Bill Gates and Mark Zuckerberg are all dropouts!!!

Can students not only run a #business while studying but also be #successful at it?
Taking a different perspective at this is that while these billionaires are college dropouts, the #idea for the #business all came about when they were in #college! As a young #student, your ideas have a chance at being fresh and can be developed through stringent planning!
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Aug 9, 2018
Hello, everyone and welcome back to our weekly #GEMChats! This week, we'll discuss the results of the poll on whether #celebrities make successful #entrepreneurs!

Let's begin, shall we?

#startup #womenentrepreneur #business #showbiz
So recently @KylieJenner sparked a heated debate on how celebrities are successful at entrepreneurship when she was announced to become the youngest self-made #billionaire ever.

cnbc.com/2018/07/11/kyl…

#KUWTK
Some feel strongly that she only dethroned #MarkZuckerberg from that position because she is part of the #Kardashian and her #entrepreneurial venture has multi-level of safety net and it allows her to #scaleup at an exponential rate.
Read 14 tweets

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