I come across a lot of people who proudly claim that “I am a process person” and say processes are nothing but practices that are standardised. With more and more people coming into software management after a 3 day course to claim themselves as a master in managing software development, the more cargo cult processes come to dominate the industry.

Processes are necessary and they bring a predictable output for a given set of static conditions. It is useful for working on predictable items like visa applications, pasteurising milk, preserving food, approving loans etc on a scale. Practices on the other hand deal with dynamic systems, it is like the race drivers going for a track sighting before the race or the chefs using only simple english to talk to their cooks. Practices are negotiable, it is backed with a value and intent and requires discipline to get it followed while processes are non negotiable and usually enforced through a compliance mechanism.

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Processes are helpful as an abstraction, when the person following the process does not worry about what they are doing as long as they are compliant. A good example in the cooking space is the difference between a cook in a fast food chain’s kitchen vs a cook in a fine dining restaurant. The fast food chain cook will always set the oil temperature to the exact specified temperature, fry the pre cut potatoes (which were cut to certain specifications) for the exact amount of seconds prescribed and put it out on the plate. This can be done by cooks with zero knowledge of cooking (easy to train and staff), if something goes wrong or any step in the process has been missed, then you have run into a mess. If the potatoes are of a different cultivar, the production stops. There is no resilience but it is incredibly efficient.

On the contrary a cook in the fine dining restaurant may have a set of practices like waiting for the oil to come to near smoke point, test frying a piece of potato for tasting it, then adjusting the cut sizes if required to perfect the fry before serving the meal. There is so much of resilience but it is inefficient compared to the fast food chain. You also need very capable and knowledgeable people.

Both processes and practices have their respective places, it is trouble when people use it interchangeably in software development. Majority of the development related tasks need sound practices based by value and intent in place. If a practice is not feasible, replace with another which will help realise the value. If clean code has to be ensured, a process person will put a detailed code review process in place with hierarchy of responsibilities and often keep code under lock and key. A person who is keen on the intent and value of code reviews will come up with many different practices like integrating lint and static checks in IDE, pre commit and pre push hooks to catch obvious guideline deviations early, mob reviews once in a while and spot refactoring etc. Each of the practices are negotiable and interchangeable as long as the value and intent remains the same.

The fast food chain approach does not work for all aspects of software development. Processes expect many things to be static and developers need not know the big picture. Processes require work that can be broken down, carried without knowledge from other parts and can be assembled later. Instead in reality there is so much of interaction between broken down work and you need developers who are well skilled in both communication and technology to get the job done in a dynamic landscape, along with the big picture. Practices are not processes.

The sudden buzz in the AI field and the predictions of what it can do has been a storm in the recent days. The news which carried most of the weightage was about replacing jobs currently held by humans by AI. This is a general trend in the capitalist societies, because the ones who could try on new tech is the one with the access and control to capital, who can hire either tech or labour.

So the conversations are about how to create a cheaper present and save capital instead of dreaming up newer future with the advancements. What job does a new technology disrupt? Different technologies disrupted different jobs over time, generally the one that is disrupted has been a hard to learn skill. Before the emails, and messaging became ubiquitous; a career as a typist made a lot of sense. That job quickly became redundant with word processors giving formatting & correcting abilities which encouraged a lot of DIY.

I have a personal example when I was a billboard maker during my college days. We were reliant on artists for painting billboards and getting their time and negotiating the rates were quite difficult. Within a span of a year or two I witnessed computers becoming very cheap and desktop publishing becoming more common. All of a sudden we were able to DIY entire design in a PC, get feedback from customer and quickly iterate, deliver it in a record amount of time compared to hand painted billboards.

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The crux of disruptions have always been DIY or cheap automation. If we see from that point of view, what executives are dreaming of a cheaper present in the software industry by replacing programmers with AI is not feasible, instead it is the other way around. Programmers are mere translators of business solution into what a computer can understand. Even with AI, executives won’t be having the patience or the skill to get the AI to understand and solve their business problems through technical solutions. Using AI will either become a higher order programming or augmentation to programming in the near term.

On the other hand AI will provide abilities of a CFO, CEO, COO and other executives in a cost effective, time efficient way to a board or a young inexperienced executive, who can compete so easily with veteran executives by teaming up with AI. It is this position that is under risk due to AI than the run of the mill programming jobs who just needs to skill up on how to team up with AI or equip AI. That is the new future we are heading towards.

As we had seen, passive savings and narrow investment portfolios may be very efficient but they do not build resilience. Being financially resilient is hard work, maintaining the socio-economic status after unforeseen events is the key factor.

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  1. As a salaried person, understand and tune the skills to the market that will keep us employed for a long time. Each economy is different and is dynamic, mindless savings to aim for early retirement will put a strain on mental and physical well being. Once we do not work, the cash flow stops and we would not realise how fast the reserves deplete. Aim for resilience, sustainable lifestyle than early retirement. More here
  2. Cheap loans are everywhere, which will tie you to hefty monthly repayments. Any thing that demands a huge monthly outflow puts a dent in the resilience. Try saving up, if possible fund big purchases like car and homes with as less loans (or lesser tenures) as possible. More here
  3. Resist the temptation to succumb to marketing. Think like a Finance officer, not as a Marketing Executive who has a budget to spend on improving brand recognition. It is your money to be invested at your discretion for your future self, don’t be hard on your future self and end up disposing of what is in hand. More here
  4. Risks are difficult to understand and mitigate. Tail risks are even harder to imagine and plan for. Unless someone diversifies their portfolio of savings and investments along with insurance, safety gears, high quality equipments, healthy habits etc, it is hard to mitigate. It is inefficient to be resilient, but resilience keeps you afloat in dire situations while efficiency drowns you. More here

Summing it all up, realise the concepts of resilience as early as possible. Nothing is too early to learn when it comes to finance. Try to pass on this knowledge to the young ones as soon as possible in a practical way so that they don’t have to learn the hard way. I realised this as an intern in a different town, who was sick in the middle of the month, no cash in bank, hefty credit card dues. Luckily came out of that mess, but learnt a very valuable lesson and changed how I look at finance forever.