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The United States and many developing countries have witnessed several successful conglomerates, and the combined group company is now world-famous. They are into several businesses with one head i.e. one parent company along with many subsidiaries.
Honeywell: This is one of the famous examples. This company has diversified businesses such as Oil & Gas, Security and Alarm alert equipment, Scanning equipment, Thermostats, Vehicles, Apartments, etc.
The Walt Disney Company: The Company is also into several businesses like Media, entertainment, parks resorts, consumer products, etc.
Tata Group: One of the best examples in South Asia is the Tata group of companies. They deal with Cars, information and technologies, consumer agricultural products, hotels, resorts, Steel, defense, Media, telecom, financial services, etc.
Johnson & Johnson: It is one classic example of a conglomerate; the Company is very famous because of its baby products but it is a conglomerate and works with diversified companies and also deals in medicines, medical instruments, parks, trusts, etc.
Berkshire Hathaway Inc: This company is a multinational conglomerate and deals in Electric, Newspaper, Retail, Consumer Products, Vacuum cleaners, etc. This company never pays its investors dividends. They are famous for buying entire companies if that suits their requirements, and by following this, they are now on the top and are now the world’s biggest conglomerate.Reasons for Creating Conglomerate
This can provide a better platform for businesses.
This is important because it helps in the growth of businesses.
It is due to the conglomerate the companies can gain investors’ value and the investor’s trust.
Diversification can also help the parent company to reduce its cost to a certain level.
The conglomerate helps to provide many other business opportunities to small companies.
The risk is also being shared in the case of the conglomerate.
The conglomerate is done to understand the interest of the management as well because it can be possible that a particular company is doing very well after the conglomerate.Advantages
The risk gets divided amongst the companies. Therefore, investors can be encouraged to invest in the companies.
Large organizations can also get a fair chance to check their interest, and this is possible only when diversification is allowed in the business. Thus, the conglomerate plays a vital role here.
This can help grow the capital market for the group of companies because the investors will build trust in the business and its products.
This helps to rapidly grow in terms of business valuation and investors.
Large organizations can function even better when some small yet good subsidiaries form a part of them.
The service sectors are also managed by the companies. In the case of a conglomerate, if one of the service sector companies merges with a large company, then it can provide better opportunities for the group company. The resources can be easily managed with the subsidiary, and thus, the business will be done very efficiently.
As the company becomes larger, the resources will also have to be increased, and thus it is sometimes challenging to manage the employees and their costs.
It can be sometimes very difficult to come to any conclusion because when several minds are involved in some simple decisions, then it can become very difficult to come to any conclusion.
If any of the businesses doesn’t do justice to the entire group, then it can reduce the brand value of the parent company or the subsidiary company.
The experts of the subsidiary may have to suffer because of the inequality given to the smaller section.
Less focus and less innovation can also be witnessed with the conglomerate are not successful.
The entire business can get a negative report because of one of its subsidiaries.Conclusion
The conglomerate is a very popular term and is associated with big companies with large net worth. The companies to find better opportunities and to attempt the diversification of their business involve themselves in the conglomerate. There are several successful examples of conglomerates across the globe. Still, the conglomerate should be done very carefully because if it does not work out, then the losses can be huge.Recommended Articles
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Just as teachers design lessons with student needs in mind, facilitators of professional development need to design learning experiences with adult needs in mind. Educators walk into our meetings with years of life experiences that have shaped their beliefs, mindset, and values. Much time and effort have gone into creating systems in classrooms that work for these teachers and their students, so asking a teacher to shift an aspect of their system without keeping their needs in mind can feel insulting or undoable. Teachers are also busy, their minds filled with to-do lists, which can result in a resistance to slowing down and reflecting during meetings.
As facilitators, we can use the following principles of adult learning to help our educators create the mental space to learn, reflect, and shift practices.
3 Principles of Adult Learning
1. Be clear on the why: This is the most important principle of planning for adult learning. Find a way to connect to the reason teachers came to the profession in the first place, whether it be impacting lives, helping students fulfill their potential, guiding students to deeper thinking, or developing our future leaders. If you can’t find that connection, reevaluate the shift you’re asking teachers to make.
Consider starting your meeting by providing participants with time to reflect in writing and share with colleagues. Good opening possibilities include asking each teacher to reflect on a challenge from their day, or to list the traits or skills they want their students to have as adults. Another method would be starting the meeting by discussing an inspirational quote or video clip. Whatever the tactic, the goal is to tap into the reason teachers became educators in the first place, so they have the motivation and energy to consider a shift in their methods.
2. Provide voice and choice: Adult professionals should have a say in the work they do. Think about how you can let go of some control as a facilitator and put your teachers in the driver’s seat. Ask them how they learn best, and then give choices and be responsive, even when those choices go against the plans you’ve made as a facilitator. Do your teachers need more time on an agenda item? Would they rather work in pairs, or shift to applying to their own context sooner than you had planned? The best facilitators know when to give up control. I’ve learned to shelve my ego and create space for the adults in the room to challenge my plans.
Even small bits of relinquished control—like asking teachers to give input on agenda items and the pacing of the session—can make a difference in investment. Ask for input and feedback early and often. Start your meeting by eliciting input, and write a reminder to yourself to ask mid-session what is working and not working for your teachers.
By creating opportunities for teachers to share their thoughts, you are communicating that their input is valued—an important adult need. One new principal I know asks for anonymous feedback after every professional development session and meeting via Google Forms. This constant communication allows for a safe venting of frustration and an opportunity to share thoughts, so there is no festering or buildup of resentment, and voices are heard.
3. Balance new learning with reflection: Adults are motivated to learn when they have an immediate use for the skill or knowledge being taught, when they can try something new in their classroom tomorrow. It’s important, however, to strike the right balance of time spent learning new information and time spent role-playing or explicitly planning for implementation. After your first stage of planning, you might look through your plans to ensure you have:
A limited number of objectives, all clear and concise.
A plan to spend about a third of the session on new information and the other two thirds on reflecting or practicing through role-playing, planning, sharing ideas, and discussing with colleagues.
Time to process at the end.
We acknowledge that our students need time to process, practice, and transfer, but we often need reminders that adults, with their more complex histories and belief systems, need even more time to integrate what they are learning with what they already know. Without time to reflect on a change, adults often will find a way to dismiss a suggestion for change and continue on the path they are already taking.
Protocols and structures for reflection time with colleagues often work best. Consider adapting one of Jennifer Gonzalez’s discussion strategies for adults, or ask your teachers to reflect in writing. I recently watched Meghan Hargrave, an independent literacy consultant, end each of her sessions by asking teachers to write one thing they would try the next day, one they would try in a couple weeks, and one they will try next year.
Whichever method you use, resist the temptation to squeeze in more agenda items. Embrace the quiet sound of pens or the louder sound of lively discussion as you provide participants with adequate time for processing and reflecting.
Dig further into adult needs by checking out Elena Aguliar’s collection of research-based adult learning principles. Keep your adult learners’ needs in mind and you will find yourself with invested, engaged educators.
To build a successful career in finance, having the right skills and knowledge is crucial. It provides you with skills to stay ahead in a competitive environment. But choosing the best financial modeling courses can be challenging, with so many options.
These online financial modeling courses cover financial statement analysis, building models from scratch, and valuation techniques. Additionally, these courses help you gain the practical skills required in the professional world. To help you succeed in your finance career, we have curated a list of the best financial modeling courses for 2023. Whether your aim is investment banking or corporate finance, these online courses will equip you with the skills and expertise.Best Online Financial Modeling Courses with Certificate
The Business and Financial Modeling Specialization by the Wharton School of the University of Pennsylvania on Coursera. It is a highly respected program and the best course for financial modeling. It equips you with practical financial modeling, data analysis, and decision-making skills.
The course is for learners with varying experience in finance and modeling. One of the prime USPs of this course is that instructors use a combination of videos, readings, quizzes, and assignments to help you develop your skills.
This fintech course suit professionals from diverse fields and cover basic statistics, financial statement analysis, financial forecasting, and risk analysis. With practical financial modelling, data analysis, and decision-making abilities, you can follow a variety of career options in finance and accounting.
You can follow various professional routes in accounting and finance once you have completed this course. Investment banking, corporate finance, consultancy, and asset management are all viable career options.Topics Covered:
Fundamentals of Quantitative Modeling.
Decision-Making and Scenarios.
Modeling Risk and Realities.
Wharton Business and Financial Modeling Capstone.Key Features:
Practical financial modeling skills.
Flexible and suitable for professionals from diverse fields.
100% Shareable Certification upon completion.
Interact with a global community of learners.
Available in English with subtitles in multiple languages.
👍 Pros 👎 Cons
Comprehensive financial modeling and analytics coverage by experts. Requires significant time commitment, which can be challenging.
Hands-on experience to better use Microsoft Excel. Heavy reliance on Microsoft Excel.
Applicable to various business contexts and careers. Assumes some prior knowledge in finance or accounting.
Beginner to Pro in Excel is an online course offered by Udemy that helps you develop your financial modeling skills using Microsoft Excel. The course is from 365 Careers, a well-known provider of finance and accounting courses. It is one of the best financial modelling courses.
More than 300 lectures totaling 150 hours of material make up the course. It has activities, quizzes, and video lectures. The course content is simple to learn using case studies and real-world examples. It offers useful knowledge about financial modelling.
This will assist you in understanding financial modelling and is regarded as one of the best Excel financial modelling courses. You will be able to create professional-grade financial models in Excel. Additionally, the topics will cover financial statement analysis, forecasting, building financial models from scratch, and valuation techniques. Upon successful completion, you will earn a certificate that will help you get better opportunities.Topics Covered:
Introduction to Excel.
Business analysis techniques applied in Excel.
Financial modeling fundamentals.
Introduction to company valuation.
Introduction to Capital budgeting.Key Features:
Great for beginners and professionals.
Taught by 365 Careers.
Includes 300+ lectures and 15+ hours of content.
Real-life Examples and case studies.
Offers a certificate of completion from Udemy.
👍 Pros 👎 Cons
Focuses on imparting in-depth financial modelling knowledge to the learners.
Suitable for beginners and professionals. No direct interaction with the instructor.
Practical examples and case studies are available.
Financial Modeling for Startups & Small Businesses is the one of the best financial modeling courses offered by Udemy. It focuses on financial modeling for small businesses and startups.
Evan Kimbrell and Symon He are the instructors. Entrepreneur and business consultant with extensive expertise, Evan. Famous author, entrepreneur, and MBA graduate, Symon is also a businessman.
The training emphasizes investor presentation decks, forecasting, budgeting, financial statements, and valuation. It is intended for entrepreneurs, owners of small firms, and anybody else interested in understanding financial modelling for SMEs.
This financial modeling specialization program includes seven practical case studies. Each focuses on a specific financial model and covers various types of businesses, such as SAAS and physical product businesses. The case studies provide a hands-on learning experience to apply your knowledge in real-world scenarios.
The highly practical course will help you create professional-grade financial models. You will earn a certificate after the successful course to showcase your acquired skills.Topics Covered:
Modeling best practices.
Modeling growth and revenue.
Modeling startup costs and expenses.
Case Studies.Key Features:
Focuses on financial modeling in terms of multiple business scenarios.
Covers financial statements, forecasting, budgeting, valuation, and investor pitch decks.
Taught by Evan Kimbrell and Symon He.
Includes 92 lectures and over 10 hours of content.
Offers practical insights based on real-world scenarios.
👍 Pros 👎 Cons
Suitable for entrepreneurs and small business owners. It may not be the right course for intermediate to some extent.
Includes practical tips and insights. No direct interaction with the instructor.
Comprehensive coverage of financial modeling for small businesses. Focuses solely on financial modeling for small businesses.
The best course for financial modelling is Wharton Business and Financial Modeling Capstone from Coursera Learning, since most professionals can benefit from it. This is for you if you wish to pursue a profession in the area. Richard Lambert, a professor of Finance at University of Pennsylvania and a researcher, is the instructor for this financial modelling course available on Coursera.
A range of models, including financial statements, investment banking, M&A, buyout, and DCF models, are used throughout the course to provide students with a broad understanding of financial modelling. Business, finance, and accounting professionals interested in learning about financial modeling should take this course.
The practical course provides the skills you need to create professional-grade financial models. The course material includes real-life examples and case studies, which provide practical insights into financial modeling.Topics Covered:
Financial Modeling Basics.
Creating an optimal risky portfolio on the efficient frontier
Optional exercise using CAPM tables
Creating Your Asset Allocation & Final Presentation
Building and Maintaining Models.Key Features:
Covers financial modeling fundamentals.
Suitable for business, finance, and accounting professionals.
Taught by Richard Lambert, a finance professor and financial modeling expert.
Includes Course Videos & Readings, Practice Quizzes & Graded Quizzes with Feedback
👍 Pros 👎 Cons
Designed to help gain a wide range of skills.
Offers practical insights through real-life examples and case studies. Limited interaction with the instructor.
Self-paced learning of financial modeling foundation with no time constraints.
The program consists of 39 courses that cover a wide range of topics. The common ones include financial modeling, valuation, budgeting and forecasting, Excel skills, and more. Of these, 15 must learn financial modeling. The rest are electives.
Industry experts teach the FMVA® program. It features over 100 hours of interactive video content, quizzes, and tests to reinforce learning. Upon completing the program, you will earn a prestigious FMVA® certification recognized by top employers and institutions worldwide.
Scott Powell, Jeff Schmidt, Duncan McKeen, and Tim Vipond are the instructors for the course. Entrepreneur Tim serves as CFI Education’s board chair. Director of Content at CFI is Scott Powell. Both financial modelling and EVP are areas of expertise for Duncan.
With lifetime access to the program and support, you can improve their competency levels across the accounting and finance spectrum.Topics Covered:
Prep Courses: To build the fundamental.
Core Courses: To have a strong base in financial modeling and valuation.Key Features:
8 optional prep courses to review fundamentals.
12 core courses to build a strong financial modeling and valuation foundation.
FMVA® final exam to earn program certification with a minimum passing grade of 70%.
Learn how to structure models to instill stakeholder confidence.
Improve competency levels across the accounting and finance spectrum.
👍 Pros 👎 Cons
Expensive compared to other online courses.
Lifetime access to program and support. It requires a significant time commitment.
Offers you a certification that can add to your portfolio. It is not suitable for beginners with no prior experience in financial modeling.
Recognized by top employers and institutions.
One of the best courses available is called Financial Modeling: Build a Complete DCF Valuation Model on Udemy. The best online course available to learn financial modelling is this one. Enroll in this course if you want to learn how to evaluate a company and how to create a DCF model from the start.
Throughout the course, you will develop an in-depth understanding of the mechanics of DCF valuation. You will gain practical experience in building DCF models that reflect the real-world practices used by financial professionals. The course is highly dynamic and interactive, with a strong emphasis on learning by doing.Topics Covered:
Forecasting of key P&L items and key Balance Sheet.
Introducing weighted average cost of capital and perpetuity growth rate.
Calculating continuing value and the enterprise value of the business.Key Features:
5+ hours of on-demand video content.
Financial modeling online course with 134 downloadable resources.
Lifetime access to course material.
Quizzes and assignments to reinforce learning.
Learn financial statement analysis, forecasting, and DCF modeling.
👍 Pros 👎 Cons
Taught by an industry expert. Some prior knowledge of finance and accounting may be helpful.
Interactive mode of learning through various modes.
Hands-on experience building a complete DCF model.
Allows users to use information in the future as well.
The course consists of 37sections and takes approximately 4 hours to complete. It is taught by industry experts, providing real-world insights and practical knowledge. The program also includes quizzes and exercises to reinforce key concepts and test understanding.
The best part of this course is that it is taught by multiple industry experts that help you gain insights into different domains. At the end of the course, you will get a certificate upon successful completion.Topics Covered:
Become an expert in financial modeling with MS Excel
Financial Modeling Foundations.
Learn how to build a solid financial model
Financial Modeling and Forecasting Financial Statements.
Demonstrate excellent Excel skills at work
Corporate Financial Statement Analysis.
Managerial Economics.Key Features:
Comprehensive and diversified curriculum to learn financial modelling.
Self-paced course taught by industry experts.
Best suited for professionals from diverse fields and beginners.
100% Shareable Certification upon completion.
Opportunity to learn and interact with a global community of learners.
👍 Pros 👎 Cons
Comprehensive coverage of financial analysis and modeling. Lack of personalized instruction and the need for self-motivation to complete the program.
High-quality instructors and the flexibility of online learning. No direct job placement or networking opportunities.
Financial Modeling in Excel by Irfan Sharif. He is a well-known financial modeling professional. Your grasp of financial modelling strategies will be deepened by taking this course. It covers all aspects of financial modelling in full of beginning to end, aiding in developing a successful career.
If you wish to excel in financial modeling courses, this course covers in-depth analysis and understanding of financial modeling and even quality assurance. You will learn to build financial models from scratch, analyze data, to make informed financial decisions.
The course is suitable for learners with some background in finance or accounting who want to improve their financial modeling skills.Topics Covered:
Understanding Financial modeling.
Learn Basic Finance, Time Value of Money and DCF
Learn to prepare Financial Models in Excel
Learn all the key Accounting & Finance terms for Financial Modeling
Finalizing and Presenting Your Model.Key Features:
Full lifetime access
Provides downloadable resources files for practice.
Suitable for learners with basic Excel skills.
👍 Pros 👎 Cons
Offers an in-depth understanding of modeling techniques.
Practical examples and downloadable exercise files to apply concepts. Learners may need additional resources to grasp the material fully.
Allows you to learn one of the most in-demand skills for finance graduates.
Additionally, the course covers the process of mergers and acquisitions, including deal structuring, financing, and post-merger integration. You will also explore the nuances of private equity and venture capital, including their investment, deal structures, and exit strategies.
This course is ideal for professionals who want to expand their knowledge of corporate finance and valuation. It is also good for those considering investment banking, private equity, or venture capital careers. You will get a certificate for successful completion at the end of the course.Topics Covered:
Discounted Cash Flow Analysis.
Corporate Real Options.
Option Games.Key Features:
Includes financial statement analysis, DCF, multiple analysis, and deal structuring.
Explores private equity and venture capital investment strategies and exit strategies.
Earn a certificate upon completion.
👍 Pros 👎 Cons
No direct interaction with instructors or peers.
Taught by experienced faculty from Erasmus University, Rotterdam. It may require prior knowledge of basic financial concepts.
Self-paced learning with quizzes and assignments.FAQs
While a CFA designation can be beneficial, it is not always necessary for financial modeling courses. You can gain skills through self-study, online courses, or on-the-job training and build a portfolio.
Anyone interested in finance or seeking a career in finance can learn from these online financial modeling courses. It is not limited to any particular educational background or work experience.
The ability to use Excel proficiently, critical thinking abilities, and attention to detail are just a few of the prerequisites for financial modelling.
Financial predictions and models are built as part of the financial modelling job scope to assist businesses in making strategic choices. In the investment banking, private equity, corporate finance, and consulting sectors, financial modelers are in great Demand.Conclusion
To build a career in finance or investment banking, having the right skills and knowledge in financial modeling is essential. The best online courses and classes can help you learn financial modeling, covering financial statement analysis, building models, and valuation techniques. You can enhance your expertise and success in this field with the right training. This list of the best course for financial modeling can help you select the right one to achieve your goals in 2023.
At its most basic, free software is about helping users gain control of their computers so that they can participate unhindered in the digital conversations of the networks and the Internet. It’s about installing software freely, rather than being dictated to by the manufacturer. It’s about using your computer the way that you want, instead of ceding control to lock-down devices installed by software vendors without permission on your machine.
You could call its goal consumer activism if you like, but a more accurate description would be an extension of freedom of expression, and maybe even of association, the basic rights that modern industrial societies are supposed to be built on.
However, these are rarely the goals you hear when bloggers and columnists talk about how GNU/Linux could become more popular. According to them (and their list has not greatly changed between 2002 and 2008), what the operating system needs is more commercial applications, better hardware support, enhanced interoperability with Windows, and more pre-loaded machines. And if they talk about GNU/Linux’ improved prospects because of the resistance to Vista, they’re likely to use the word “free” in terms of price or total cost of ownership, than of politics or philosophy.
What’s mentioned, in short, is a business or technical perspective, one based on convenience rather than ideals. And, in the short term, there’s nothing necessarily wrong with that (though I can’t help reflecting that interoperability with Windows is one of the excuses for the infamous Microsoft-Novell pact in November 2006).
But, while I appreciate technical excellence as much as anyone, if all you want is a superior alternative to Windows, OS X will do you just as well — possibly better, some insist. Like GNU/Linux, it’s a UNIX-like system, while its usability is second to none. If your priority is technical performance, the fact that it’s proprietary shouldn’t matter to you.
Similarly, if cost-free applications attract you, enough Internet applications are floating around that you never need to pay a cent — to say nothing of Acrobat and Flash players that are free for the download.
And, in fact, at least as many people are turning to these alternatives as to GNU/Linux in their dis-satisfaction with Windows. Offhand, I can think of at least a dozen local consultants who offer free software server solutions via Drupal or Joomla! yet use OS X on their laptops.
Never mind that to do so would be against Fedora’s policy of including only free software — with such users, the short term convenience of the technically superior proprietary drivers outweighs the ethos of freedom. Many of the complainers do not even appear to have heard of free software ideals. Nor do they bother listening when those ideals are raised.
Admittedly, some might be using the proprietary drivers as a temporary expedience until improved free ones are released. Still, the general attitude suggests that they have no understanding of the long-term considerations whatsoever. Perhaps they might help swell the number of GNU/Linux users enough to encourage the manufacturers to release free software drivers, but I suspect that their real contribution is only to ensure the manufacturers that they can continue with their usual practices. For all the long-term good such users have done themselves or others, they might as well have stayed on Windows.
Thomson Reuters successfully rolled out the KEA version of the Eikon Mobile app, including Eikon Messenger, in the first quarter of 2023. Enterprise FSI clients have expressed enthusiasm and growing adoption of the fortified platform, as evidenced by improving month-over-month usage metrics generating a 10-15 percent user growth rate. The company plans to release a KEA version of Eikon Mobile with every other non-KEA version release. “Creating a solution with a partner that has the reach, scale and capability of Samsung, and that complies with the FIDO standard, rapidly becoming the dominant standard, gives us a good basis of what offerings make the most sense for our joint customers,” says Ron Kozoman, head of mobile business unit management at Thomson Reuters. “Maybe there is a proprietary trading type of app, or maybe an app we can produce together that would allow a wealth manager to do something fairly special and be able to hold on to some fairly sensitive customer data with great confidence knowing that because of Knox security and because of biometric authentication, it’s not going to fall into the wrong hands.”
Here are some other benefits Thomson Reuters gained by protecting their mobile apps by Knox:
1. Provides Flexible MDM Customization for Eikon Enterprise Clients
While Knox has built-in MDM, major financial institutions are integrating their own MDM. Carino anticipates spikes in growth as banks get their MDM worked out. Many large banking clients have expressed interest in moving forward with distribution of Knox-enabled Samsung Galaxy devices to employees, as the rollout has bolstered awareness and confidence in the security of KEA.
2. Delivers Protection for Both the Organization and End User
Thomson Reuters Eikon clients are mobile financial professionals who need constant and remote accessibility to information. Having a 2-in-1 device is a major efficiency booster. To alleviate carrying multiple connected devices, FSI professionals prefer a BYOD policy. Security breaches are a deal breaker when using enterprise business apps on a personal smartphone. The biggest dilemma stems from the susceptibility for intrusion and malware access of sensitive data. When users download an app, it usually asks for permissions to access private data on the phone, including location, contacts and messages before installing the app. This has the potential to open up a Pandora’s box of trouble. For this reason, many financial institutions require a separate enterprise-enabled device strictly for business use, which adds to the already cumbrous nature of physically carrying, syncing and charging multiple devices on the road. Knox allows for the complete separation of personal and business apps and data through invisible, isolated and encrypted containerization, protecting communication, apps and data simultaneously.
3. Improves Enterprise BYOD Flexibility and Enables Expedited Testing Capabilities
Containerization, also known as sandboxing, prevents personal apps from accessing data from other apps. If a vulnerable app is hacked, it prevents the spillover effect from accessing other data or software on the device, containing the breach. Sandbox also ensures that the rigors of testing aren’t transferred from enterprise to customers and don’t negatively impact the end-user experience — allowing for something that can take months for testing, customization and integration to be done in a fraction of the time.
After getting into the smartphone and tablet markets, some companies that have seen success have decided that they should get into the next best thing: smart watches. This head-first dive strategy was what put companies like Samsung on the map in the first place. But was the dive in vain? Perhaps not. Still, there are a few reasons why we really shouldn’t be browsing for smart watches – at least not until the technology has become more viable.1: They’re Clumsy
I’m the kind of person who wears a watch for a reason: I want to check what time it is without having to do anything fancy. Unfortunately, smart watches don’t really offer this experience. You have to “unlock” the watch as you would a smartphone. With that kind of impediment, you might as well carry a phone in your pocket and end the story right there. Smart watches are little more than oversimplified versions of smartphones anyway, and some of them even need to be paired to a phone in order to tell what time it is.
On top of all this, some of the watches’ screens have trouble with visibility under sunlight.
If you still like the “real watch” experience, maybe you’d like the Martian Passport Watch (that is, until you’ve discovered how much it costs).2: They’re Just a Smartphone’s Shadow, Without The Actual Phone
The screen real estate on a smart watch is limited to a very tiny space just above your wrist. Obviously, this means that it won’t be able to do as much as the 4-5-inch phone you carry in your pocket.
Aside from that, there are very few apps that currently have explicit compatibility with smart watches. This isn’t a big deal, though, since this niche market won’t be ignored. App developers will always be in ample supply, so we can expect that smart watches will get some attention in that department.3: Smart Watch Battery Life Is Nowhere Near What Regular Watches Have
Unless you’ve been living with a mechanical watch all your life, you’d know that many battery-operated watches last at least six months before you replace their batteries. What if I told you that you now have to charge your watch every week? That’s pretty much how life is with smart watches, for the time being.
My suggestion would be to squeeze as much battery life as possible by finding ways of generating power other than through a USB cable. For example, a smart watch could charge itself through your body heat and/or the natural motion of your wrist (like automatic watches do). You could easily squeeze in an extra week of battery life with this and a combination of other battery-saving techniques, like allowing the user to put the watch into a “watch only” mode (like you would if you were going to sleep, or you simply know you won’t use the watch for an extended period of time).Should You Get a Smart Watch?
After thinking for a long time, if you feel that you need one of these gadgets, go ahead and buy one. But be warned: The technology is at its infancy, and manufacturers have lots to learn about how to appeal to their customers. At this point, there are probably more reasons not to buy smart watches than to buy them. If you’re making this decision, think long and hard about it. Make sure it’s not an impulse purchase. Other than that, I hope this technology will be one you can make use of and enjoy!
Miguel has been a business growth and technology expert for more than a decade and has written software for even longer. From his little castle in Romania, he presents cold and analytical perspectives to things that affect the tech world.
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