The meeting started exactly at 3 pm.In the beginning, speaker Sooraj Dhanuka explained the terms Blue Ocean and Red Ocean. Most of the attendees were not aware of these terms.
"Blue ocean" is a slang term for the uncontested market space for an unknown industry or innovation. Blue oceans are sectors associated with high potential profits.In an established industry, companies compete with each other for every piece of available market share. The competition is often so intense that some firms cannot sustain themselves. This type of industry describes a red ocean, representing saturated market share bloodied by competition.
Sooraj then gave lot of examples of how the Blue oceans gradually became Red. Later, he gave examples of FOSS related blue oceans and the opportunities for startups. He descirbed his own experience when he tried to explore those sectors.It was an interesting speech, especially for students who could take some inspiration from Sooraj.
In the next session we had lot of discussion on various activities that ILUG-BOM would like to initiate. The team asked new participants about what they really expect from ILUG meets. It was then decided to conduct sessions for Students, Teachers and Computer Novices on basic skills like - using Linux,using Libre Office, creating Word Press Websites etc.