What Everybody Ought to Know About Artificial Scarcity
I have a big confession to make: I read about the artificial scarcity concept today for the first time. I feel like a fish who does not have a clue about what water is.
I’ve been consoling myself with the better late than never mantra ever since.
So, what is artificial scarcity? Wikipedia has a wonderfully brief and to-the- point article about it. A favorite quote of mine from that Wikipedia’s artificial scarcity page is below:
If you have an apple, and I have an apple, and we exchange apples, then you and I will still each have one apple. But if you have an idea, and I have an idea, and we exchange these ideas, then each of us will have two ideas.
And how did I found out about this concept? I am working my way through the Tableau Business Intelligence Analyst Professional Certificate on Coursera. One of the courses of this specialty helped me discover a free diagramming app: draw.io I read about artificial scarcity on draw.io’s about us page.
The only diagramming tool I’ve used so far is Lucidchart. If I have to compare draw.io to Lucidchart, I can confidently say that it is more straightforward and less time consuming to use draw.io. I managed to produce the below chart in 6 minutes without stressing my brains out (with Lucidchart, I tend to lose it at least a couple of times).
Also, with the help of draw.io, I managed to complete my very first Business Analysis project. You can view my project here.
Summary:
Beware of artificial scarcity.
Use cool tools like draw.io.
Keep calm and carry on.
