Michael Dell, American investor and philanthropist, best known as the founder and chairman of Dell, addressed a large gathering of customers, researchers and businessmen in Singapore today.
He was speaking at the IDA Distinguished Speakers Series.
During his hour-long talk, he discussed his journey as an inventor and businessmen, why he took Dell private and what he foresees as the emerging technologies. He shared his insights with the audience. Here are some:
- You don't learn when you are succeeding. You learn when you are failing.
- Don't go asking for advice. Go out and take risks.
- The pace of change in all sectors is accelerating.
- You change or you die.
- There is no guarantee of success but not doing anything is certainly going to make you fail
- You have to accept failure. That's what entrepreneurship is about.
- If you study your competitors too much, it becomes limiting.
- I was fortunate to be born in America where all people are allowed to take risks. I feel very blessed.
- Data information is a growth area.
- Job of the future: Data scientists. We need a lot of them.