The New York Tech Scene

new yorkThe tech scene in New York City is at the heart of technology’s evolving role in personal and business activities. High-tech companies range in size from modest start-ups to huge, multinational corporations, integrating new products and technologies they create into other enterprises, such as retail, media and finance.

The sight of myriad high-tech offices in New York City is now common, particularly with a $5 billion valuation for WeWork at the end of 2014. While Silicon Valley may still be the hub for technology on the West Coast, the startup tech scene on the East Coast in New York City continues to grow. In fact, a recent report from the New York State Comptroller indicates that the booming tech industry continues to offer high-paying job opportunities even though other industries struggle to survive.

The High-Tech Sector

New York City’s tech sector is celebrating its 20th birthday. During those two decades, it has matured into a gifted pool of entrepreneurs and innovators adding creativity in software development, telecommunications, game design, and financial technology. The progression of a thriving tech sector has helped lead New York become one of the most innovative cities in America. Here are five indications that it will continue to develop and grow.

  1. It now employs over 300,000 people, putting it on equal footing with Silicon Valley.
  2. Groups of high-tech companies have expanded beyond Midtown South to Downtown Brooklyn, Lower Manhattan, and Long Island City.
  3. A 33% job growth rate in the high-tech industry is four times that of the rest of the city.
  4. New York City is developing initiatives to promote growth, such as the Applied Sciences NYC initiative that aims to expand the high-tech workforce.
  5. Venture capital firms invested $1.3 billion in 2013 in 222 high-tech companies in the NYC metropolitan area.

New York City’s tech scene is a traditionally consumer facing one, although the strength of the city has been the financial services industry for centuries. What used to be regarded as a smaller field is now on par with Silicon Valley in the business and financial technology sector.

Nurturing Growth

Establishing a skilled workforce of science, technology, engineering, and math (STEM) workers is a challenge to the destiny of NYC’s high-tech industry. In many ways, the city has more STEM opportunities than qualified candidates needed to fill them. More recently, the city, state, and private sectors have started support initiatives for the emerging high-tech industry by maintaining a talent pool of workers for these jobs. Now growth in the NYC tech scene looks sustainable and permanent.

Self-Management Within a Workplace

Will self-management become the new model in workplaces, rather than the classic management systems that have been around for years? Many of today’s companies ask that question as workplace cultures shift and grow into modern times. Self-management is just one of the trends occurring inside offices around the nation and the globe.

Self-Management Defined

Self-managed organizations are similar to coops; they are also referred to as industrial democracies and producer cooperatives. There are actually a few varieties of this model, including:

  • All the worker-members manage the company through direct assemblies.
  • Elected bodies manage worker supervision.
  • Elected specialized managers handle oversight of the operation.
  • Employees jointly own the company.

The goals of a self-managed organization are to provide greater worker autonomy.

Successful Self-Managed Organizations

While self-management may seem like an iffy concept to some people, many companies have found success through this model. For example:

  • A tomato processing plant used this model and became the largest tomato processor on the planet.
  • 12-step groups have been wildly successful using a self-managed model.
  • One self-managed webpage has become so commonplace that its name is to online encyclopedias as a facial tissue company that starts with a K is to tissues.
  • A major chamber orchestra has self-managed itself successfully for over a decade.

Reasons Self-Management Model Works

Self-management model works so well for various reasons, two of them are:

  • Leaders are not hired or made; they decide to lead, and do.
  • People who lead are followed, because they do things worth following.

Vital Organizations Embrace Change

The organizations that want to succeed as they move into the future need to be open to reinventing themselves in order to remain vital. Doing the same old thing in the same old way is just not going to cut the mustard in today’s rapidly changing business environment. Other shifts occurring in offices around the world include:

  • Workspaces are being redesigned with open floor plans, modern looking glass partitions and doors, and collaborative open areas instead of claustrophobic cubicles.
  • Socialization and fun are being incorporated into today’s office environments, because bonded happy groups are more productive.
  • Healthier cuisine is being offered as snacks and lunchtime fare in progressive offices, because people understand that what they eat determines how their brains and bodies work.

Today’s office cultures are shifting and changing every day. The companies that will be the most successful are the ones who morph, rather than hunkering down in their old ways. Experimenting with self-management, reinvented workspaces, and other emerging trends can propel businesses into the future.

Have You Heard of Crowdology?

Note: This post is for information purposes only and not an endorsement by Techie She.

Have you heard of Crowdology?

While browsing through the threads of the Money Saving Expert site, I came across a post about Crowdology. According to the person who posted the thread, members of the panel at Crowdology can take surveys about current issues, fun topics, and feedback on various brands and products, and do product testing, telephone interviews and diary type surveys.

I tried to sign up at Crowdology but I was shown an error message saying, “You are not eligible to join this panel” so I cannot say how easy it is to sign up to become a part of the Crowdology’s online community. This might be because Crowdology is a division of Redshift Research Ltd, a full service market research agency based in the UK.

According to their website, Crowdology rewards their members for taking surveys depending on the length and type of survey, starting from £0.40 to £10 or more. They also run monthly prize draws. They have to payment options – Paypal and Amazon vouchers.

Again, I have not tried Crowdology personally because it will not let me create an account. If you are a member of their site, please let me know your experience through the comments section below.