Enigma

[Enigma @bala529]

@adrenboost @MPUNK_10 Totally agreed. He was also the one who introduced unnecessary ekatha to increase the “revenue” for themselves. There are actually so many public infrastructure issues which are far more important to solve than footpath encroachment

[Sridhar Vembu @svembu]

What is ailing the software job market is not AI taking away jobs (not yet anyway).

Here is my thesis, as a participant and observer of software for 30 years. Over those 30 years:

1. Massive over-capacity steadily developed in enterprise software due to a flood of VC, PE and IPO money.

2. Software vendors applied liberal doses of marketing spending to spread Fear (of missing out) and Uncertainty ("tech is changing, you need us") and Doubt ("are you confused? trust us") among corporate customers and the result was ever growing IT spending. Enterprise IT budgets kept rising because which CIO or Board would want to be seen as lagging? Major corporations in the West have layers and layers of duplicated IT systems, lots of money spent to acquire them and even more money spent to get the disparate systems to work together. The more inefficient IT systems ended up becoming permanent resource drains, requiring vast human resources to simply keep them running.

3. Large enterprises in the West found those needed human resources in India - transferring those inefficiencies to IT services firms in India, often multiplied by 3 or even 4! That "multiplied inefficiency" happened because IT budgets were kept fixed in dollar terms and more people got hired in India to "get more done".

Result? A large number of IT jobs in India came to depend on those original inefficiencies and the multiplied inefficiencies.

4. Note how Indian banks and financial institutions are more IT savvy, while spending far less, than established financial majors in the US - Indian firms did not have the budgets to splurge! Necessity made them highly efficient and today India's financial institutions are able to fend off foreign competition easily.

5. One of the deep facts about software is that often a 2 person team can solidly outperform a 20 person team and a 10 person team can do the work of a 200 person team. This is not just due to talent disparity - even when the large teams have equivalent talented people, they can easily end up being wasted on unproductive projects.

6. When people are billed by the hour or by the staff month (input metrics), as it happens often in IT services, there is zero incentive to remove those inefficiencies, to empower the 2 person team as opposed to hiring 20.

It is those multiplied inefficiencies in IT, built up over decades, that is facing a reckoning now.

Now enter AI. A large amount of code is boilerplate code in many projects and AI can eat such code for breakfast. Depending on the nature of a project AI can offer 10-20% productivity gains. Significant but not the 10x or 100x leap yet to destroy jobs on a vast scale.

But those AI gains of today pale in comparison to the "multiplied inefficiencies" built up over decades.

This reckoning nearly happened in the aftermath of the Global Financial Crisis (GFC 2008-9). It got postponed because the central banks flooded the world with money and a part of that money flooded into enterprise IT.

The pandemic unleashed another flood of money into enterprise IT.

Those floods are now history and we have a serious drought.

That is why I am pessimistic about the software job market, even before accounting for AI.

[Enigma @bala529]

@letsblinkit even if the item is out of stock, I would still like to add it to cart like a shopping list to remember to order for the next time. Is there a way for it?

[Enigma @bala529]

@hagen1778 @chinmay185 @valyala Interesting, so the unavailable nodes of vmstore will only affect vmselect queries? Insert is not affected as long as there is aleast one available node.

[Enigma @bala529]

@RailwaySeva train number 12027, has very bad jerks when ever the train is braking. Coach C3. If you are standing on this coach, you are destined to fall from brake jerks. Never seen such bad coaches. Please fix it.

[Enigma @bala529]

@chinmay185 There are certain products which actually gives you insights on trends of spot instance in aws. Like which type and region is better at what time. You can use this to better manage disruptions.

[Enigma @bala529]

@chinmay185 It will work wonders in cost as long as the app which is so called stateless is actually stateless and is able to handle graceful shutdowns. The reliability and uptime disruptions purely depends on your cloud provider.

[Enigma @bala529]

@maddyvoldy Absolutely amazing 3d representation! How long will it take to complete this structure you think?

[Enigma @bala529]

30 mins for 3.4 kms. I guess this is a new record for a Monday morning commute in #bangalore #orr #iblur

[Enigma @bala529]

@GabbbarSingh Try @on_running they are the best running shoes

[Enigma @bala529]

@championswimmer The whole point of sip is to achieve long term goal with discipline in investment to take advantage of compounding

[Enigma @bala529]

@amangoeliitb Only applicable for old tax regime and upto 50k only

[Enigma @bala529]

@championswimmer An average person will never be able to setup TOTP easily. The procedure to setup TOTP also requires an android or ios phone and the TOTP app must be secured and be able to move to work after changing phones, which adds a lot of complexity. SMS OTP is the most simplest 2am method

[Enigma @bala529]

@1sprintatatime @Krish_Chaitany @TheOfficialSBI They do have otp and Authenticator like apps and also special hardware to generate token. Similar to google Authenticator, in case you don’t want to use your phone.

[Enigma @bala529]

@1sprintatatime @utdshre @TheOfficialSBI Some banks already offer Authenticator apps instead of sms otp.

[Enigma @bala529]

@1sprintatatime @mkannan @TheOfficialSBI The OTP of bank service is different than OTP used for authenticating urself to use Uber or ola. OTP is a general term.

[Enigma @bala529]

@1sprintatatime @hrishishetty21 @TheOfficialSBI Not all phones are android or iPhone. SMS this the only common mobile phone agnostic service.

[Enigma @bala529]

@malteshk @CMofKarnataka @DrKSudhakar4 Yes it is far, but that is the closest to yelahanka and I think may be the best chance to get 2nd dose covaxin for now. There is no covaxin in yelahanka.

[Enigma @bala529]

Covaxin and covishield both are available and covaxin mostly for 45+ and second dose. Starts mostly at 9.30. being early helps.

[Enigma @bala529]

#Covaxin available at MEI Ground with WALKIN(around 300 tokens provided at the premise), maps: https://t.co/f4z5RQ8NzN provided by Bagalakunte UPHC #BangaloreVaccine #Bangalore #NorthBengaluru #NorthBangalore #yelahanka @Blore45Updater @BloreVaccine @nBangalorepost