After almost 5 months working in investment banking, I see the need to diversify to minimize risks in all kind of situations.
Lately, I’ve been thinking about technological diversification. I’m referring to the technology products and services (both web and physical) that we use continuously.
The same we do (or should do) with money not putting all our eggs in the same basket, because of the risk of collapse, we shouldn’t trust all our data to the same company.
Although being locked into an ecosystem of applications from the same company has several advantages such as synergies between them and similarity of uses, it also has major disadvantages such as the difficulty of getting out of it to try new good alternatives, or the risk of the company falling/data theft.
In this post I will analyze if I’m keeping a good balance between performance and risk minimization. It is also good as a template for you.
To make the analysis the first thing to do is to list all the technology products and services you use in your everyday life, know the company behind them, and lastly, the most competitive alternatives available by other companies.
In the end you see if you too much reliance on a particular company and whether it is worth any changes to diversify.
First the web services:
Service I use: Gmail
Alternatives: Outlook (Microsoft), Yahoo Mail
Service I use: Google Calendar
Alternatives: Calendar (Microsoft), Tempo
Service I use: Whatsapp
Alternatives: Telegram, Line
Service I use: Keep (Google)
Alternatives: Evernote, OneNote (Microsoft)
Services I use: Gmail (with Inbox) / Trello
Alternatives: Any.do, Wunderlist
Services I use: Drive (Google) / Dropbox
Alternatives: OneDrive (Microsoft), Box
Services I use: Youtube (Google) / Grooveshark
Alternatives: Spotify , iTunes
Service I use: Feedly
Alternatives: Comma Feed, Digg Reader
Service I use: Google Maps
Alternatives: Here (Nokia), Bing Maps (Microsoft)
Service I use: Twitter
Alternatives: Facebook , Google+
Service I use: Firefox
Alternatives: Chrome (Google), Internet Explorer (Microsoft)
Service I use: Google Search
Alternatives: DuckDuckGo , Bing (Microsoft)
Service I use: WordPress
Alternatives: Blogger (Google), Tumblr (Yahoo)
Services I use: Google Drive / LibreOffice
Alternatives: Microsoft Office
And now the physical products:
System I use: Android (Google)
Alternatives: iPhone, Windows Phone
System I use: Windows
Alternatives: iPad, Android
System I use: Linux
Alternatives: Windows, Mac OS (Apple)
System I use: Mac OS
Alternatives: Windows, Linux
Don’t have yet…
So, out of the 14 services I use most, 9 belong to Google, although in 3 of them I also use an alternative to complement.
No other company is repeated in the list.
I think is too much reliance on Google, although I am very comfortable in their ecosystem and will probably continue as I am, if I get my account stolen (see two factor authentication to minimize this possibility), or they have a failure, two thirds of the services I use would be out.
Also keep in mind that some of them are more critical than other, for example the email is not the same as the browser or the search.
As for physical products, I have one of each literally. In this case, it’s too much diversification because having one of each is less efficient for the following reasons:
Different keyboard shortcuts
My priority is not to seek the best software, but the most multiplatform
Incompatibilities between systems
Customs. For example simple things like how to access the configuration
What do you think about this topic? Is your situation similar?
This post was written more than 6 months ago, maybe things have changed or I don't think the same way anymore