Article
There is a lot more to the
tech industry than we realize. There are many opportunities to explore in the
industry and many misconceptions to dispel; there are also some dynamics to
understand, the knowledge of which can help you make smart investments in the tech
industry. Jumia Travel, the leading online travel agency, shares 5 things you
should know about the tech industry.
The
industry is not all about coding
The tech industry consists
of a lot more than coding. There are lot of jobs and technical skills available
in the tech industry aside coding and programming, some of which include:
design, data analysis, setting up systems and processes, project management,
technical writing, web hosting and so on.
Proficiency
in coding does not depend on how good you are at math or science
Coding is about problem
solving and logic, and you will find that some of the best coders admit to not
being good at or even liking math or science. in fact, coding is easier learned
by those coming from backgrounds or professions where problem-solving skills,
as well as attention to detail, are involved.
There
is room for creativity
Most people associate
technical jobs like those in the tech industry, with a lack of creativity.
However, the tech industry is all about finding creative ways to solve the
world’s tech problems. Aside the data science field in the tech industry, there
is also a design field that relies on creativity to come up with attractive
phone and laptop designs, as well as website designs and other tech designs we see.
The
tech industry is not entirely male dominated
It is true that a large
percentage of the tech industry is made up of men, but the industry is not
completely male dominated. For example, the data science field of the tech
industry is mostly made up of men, but the design fields have a larger
percentage of women. As much as there might be a lot of men in the tech
industry, there is still room for women who are passionate about tech.
Profit
margins really matter
In the tech industry,
competition tends to be fierce and this makes it difficult for companies to
maintain their profit margins over the long term. This can lead to disastrous
results for investors, as a result investors are very particular about profit
margins. Therefore, before buying stocks in the tech industry, investors
carefully consider if the company will be able to maintain its pricing power
over the long term.
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