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A few months back, I wrote
a blog about the emergence of Knowledge economy. I tried to establish a point
that knowledge will become the capital and the rest of the things will take a
back seat. I was lambasted by some of my readers. Some of them said that I am
living in a fool's paradise. Others said that I am a frustrated soul because I am
a zero on the scale of materialistic achievements.
The best left-handed compliment
came from the side of my English teacher, MR. P.N. Tiwari when he gifted me this
book under the title “Bacon’s Essays.” This book was written in the 16th
century, Bacon was a practicing lawyer in Britain, and representatives of the sovereign
were very fond of him because of his intellectual powers. They often said that
Sir Francis Bacon is rich because he has plenty of “wiseacres” to rule the law
fraternity of Britain. The term “wiseacres” has its origin in the fact that
other individuals in the court of queen were boasting of the land mass they
were owning, Bacon, on the other hand, was owning intellect and minting money
out of it.
After the
demise of Bacon, this adjective of “wiseacres” adopted a different connotation,
Britons started using “wiseacre” to ridicule individuals with a radical thought
process. Later on, this term “wiseacre” became a satire on individuals who were
intelligent but their intelligence never supported them to earn decent money.
When I will use this
term “Wiseacre” in the postcorona world, it will once again acquire the same
glory because right now the businesses are heavily revolving around knowledge.
Concepts like BIG DATA are facilitating a decision support system. Data analysts
are deciphering consumer behavior with the help of the digital footprints of
the customers.
After the arrival of
the social distancing, the digital marketplace has already superseded real
world market places. Consumers are trusting DIY videos and reviews written on
online retail platforms. Most importantly, Coronavirus has created a physical
barrier in real-world movements.
Any organization or
company has a customer data is owning “wiseacres in the present world. At the turn
of the previous year, critics and economists were optimistic about the growth
of the virtual market. However. Within the last five months, things changes
suddenly and now they are sure of the super success of online supermarkets.
After a fall in the real
estate business in the post corona world, acres related to the land have lost
their profitability. However, Wiseacres of the Post corona world now have a fat
chance of creating a virtual real estate that has the power to influence the
customers and make a fortune out of it. Before signing off for the day, I would
like to thank all my readers whose consistent patronage converted this page
into a “virtual real estate” and blessed me with “wiseacres.”
Now it is your turn to earn your
wiseacres, so just jump into the fray and make it big in a world where
simplistic “old world love charms” are back in business.