Difference between revisions of "1415T2g1 South Korea/Reflection/day5"
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+ | The technology in Korea is so advanced. I was amazed at how Seoul TOPIS had such advanced technology that allows for Big Data Analytics. Just imagining the amount of data input to plot the map of traffic flow was mind-blowing. The system even allowed for predictive analysis to analyse the congestion levels when a particular road is blocked. In Singapore, even the prediction systems available for bus timings aren’t accurate at all. | ||
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+ | The founder of Auctionary shared with us his failures and success stories. What I made out of it is the fact that a business idea needs to be thought out well. Market research is the most basic step that must be done thoroughly. | ||
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+ | The inspiration I got from Korbit was the fact that the founder took 20 days to code from scratch and launched Korbit itself. Although he failed his first few startups, we can learn from the spirit of entrepreneurship and to pick ourselves up after failing. | ||
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Revision as of 18:51, 1 May 2015
South Korea
Day 2 |
Contents
Day 5: Reflections
The journey in South Korea has been great and enriching. After listening to many people, I realize that it is not easy to start a company. However, I am even more driven right now to start my own company and will continue to refine my own idea. I will take the approach at which I will take a normal office work and prepare for my own company on my free time. This approach will allow me to learn from others and build my idea at the same time.
The technology in Korea is so advanced. I was amazed at how Seoul TOPIS had such advanced technology that allows for Big Data Analytics. Just imagining the amount of data input to plot the map of traffic flow was mind-blowing. The system even allowed for predictive analysis to analyse the congestion levels when a particular road is blocked. In Singapore, even the prediction systems available for bus timings aren’t accurate at all.
The founder of Auctionary shared with us his failures and success stories. What I made out of it is the fact that a business idea needs to be thought out well. Market research is the most basic step that must be done thoroughly.
The inspiration I got from Korbit was the fact that the founder took 20 days to code from scratch and launched Korbit itself. Although he failed his first few startups, we can learn from the spirit of entrepreneurship and to pick ourselves up after failing.