SHARING ECONOMY: COLLABORATIVE CONSUMPTION IS TRANSFORMING ECONOMIES | Aditya Kale | TEDxSandhauesen

just see the word economy in public and definitely it is quite debatable nowadays but add the word sharing to it and it becomes quite interesting hi everybody my name is Adali I'm the founder and CEO of axs.com atics is a Marketplace which is in the space of aggregation of independently owned storage and parking spaces so while running a 3pl and warehousing conventional business I realize that there is a huge potential for temporary storage spaces and who are generating this uh kind of demand it was the Common Man or individuals so with the Inception of atics we tried to bridge in this Gap a little bit so today I'm here to talk more about the influence of uh shared economy and collaborative consumption on the ever evolving startup landscape so let's start from the beginning since thousands of years we know that people have have been sharing things with each other right from borrowing tools to sharing food with neighbors or just allowing your friend to stay over whenever he wanted a place to crash in so the entire concept of shared economy is that there are so the entire concept of shared economy is that there are many underutilized spaces or Assets in the market so these assets can be a car or maybe it can be an apartment it can be values or it can be human skills so channelizing these all underutilize assets in a proper way and then utilizing them to fulfill the consumer demand is the basis of shared economy so shared economy today has been evolved it has been evolving since last few years quite aggressively considering the startup era in which we are so today we don't think twice before jumping into any random random person's vehicle or staying in an unknown person's apartment which we have booked online with the highly develop mobile applications and uh the perfect use of artificial intelligence some companies have making it quite safer for the users to book the services online shared economy obviously has been evolving quite aggressively since last few years specifically postco people understood the importance of share sh economy shared economy can be categorized into the following things the shared Mobility shared property shared consumer goods then shared equipment shared Financial Services shared Educational Services Professional Services and for that sake the recent example is co-working and co- living so this is something which is being used aggressively nowadays by most of the people we know so considering the sharing economic generation which we are right now the the new generation is trying to always find newer ways to earn extra income but when it comes to Shared economy definitely it is not only about money shared economy in some transactions in the shared economy parts where the cash is Cash never changes the hands because the more we spend the more we consume and obviously the more we waste so in a way we are promoting the ageold Bal system in the new era that's actually a very good thing many countries and economies have benefited from this this shared economy Concept in 2013 UK alone benefited by the sharings and earnings which happened in the sh because of the shared economy by almost 4.6 billion pounds that's a huge number and this is tend to grow after covid companies like Airbnb then obviously comp my company called airex obviously the where the demand for the temporary storage SP started surging we started growing exponentially today we are proud to say that we are not only operation in India but as well as in also in Dubai so there are many benefits for shared economy which obviously do justice of to this entire concept firstly we monetize the unused assets then it's an extra income opportunity to most of the people so when I say extra income opportunity the classic example is a taxi aggregation business if I have an unused car I use it I can just get Associated to my my vehicle to sub taxi agation platform and definitely that asset can be monetized in a very rightous way plus many people have dreams to be entrepreneurs at some point in their life so obviously increasing accessibility to S self-employment opportunities that's something which is the main proposition of shared economy the networking and Community Building when I say networking and Community Building obviously I have still in touch with quite a few host Airbnb host I have been staying it staying with maybe 10 years back in some other country today we are trying to build a community of life minded people through the shared economic concept so shared economy is something it is what we always believed in but we never actually had its application in our day-to-day use but now postco specifically the things are changing in a very positive way when I say shared economy it's something which is self-explanatory and even the market or the industries have been realizing the same and today we say we see that there are lot many startups which are to the thought process of shared economy and they're offering similar Solutions in the similar geographies and to the similar customer base but is it good for the startup ecosystem definitely not considering having too many startups in the same space offering same Solutions it dilutes the entire Moto of the growth of startup so what happens is obviously is you firstly reduce the market share then definitely you try to poach the same customers and that you would also tend to dilute your performance so what is happening nowadays is that many companies offering the same Solutions in same geographies and which are aligned to the shared economy they are coming together so that's the collaborative consumption which is happening nowadays in atics also we have collaborated with some Regional startups offering storage and parking aggregation in some limited geographies and so we are kind of acting as an aggre to aggregators so that's actually the new magic of collaborative consumption which is direct related to the shared economy when we think that shared economy is something which is growing very fast in tier one countries but definitely what the study says is that the tier two countries are more dependent and more understanding with this kind of logic if countries like Bangladesh countries like Nepal they are really well versed with the shared economic shared economic logic so definitely today what we see is that the obsession of mankind towards ownership is at his epitome and shared economy definitely can be an antidote to that so we should think to ourselves rather than just going aggressively behind the customers and trying to poach them by giving new new offers is it something which we can think the other way around and introduce the barter system where his skills can be can benefit our organization and our services can benefit the consumer so that is going to be a win-win situation for everybody where the economy is going to stay stable the cash flow is going to remain within the circles and this is actually going to help the entire economy of the entire nation to grow so while leaving I would like all of you to go out with a task where I would like everybody want to just analyze and see if there are any underutilized assets around you which can be a part of the shared economy and which you can share with someone else and definitely this can be a start of something new thank you very much

Channel: TEDx Talks

Views: 803

Keywords: Benefit, Business, Economics, English, Entrepreneurship, Finance, TEDxTalks, Technology, [TEDxEID:53038]

Id: s5c8iBX4DIY

Length: 8min 14sec (494 seconds)

Published: Wed Jan 24 2024