I recently came across this TED Talk and watched it several times because I was impressed with the unusual use of a discipline like design to tackle a challenge of social development. Another reason was the pragmatic approach of Emily Piloton and her partners in taking feasible steps first, in creating a positive initial experience with design and in engaging the local community. So once again, the only thing that truly matters is practice. "An ounce of practice is worth tons of preaching"...
CrowdPhoto.net emerged in my market watch as an interesting initiative, not only because it exemplifies the potential of crowdsourcing, but also because it was built in a weekend using Amazon Web Services (AWS).
CrowdPhoto is a bit like an Aardvark service for pictures: people request a specific picture like "A pink penguinin North Pole" and specify how much they're willing to spend to get their hands on the picture; other people can submit materials in response to the request and get paid for the picture(s) they provided. I'm not too clear whether there is a reward sharing or other mechanism in case many people provide content on the same request, but that's the concept in substance. The prototype is remarkable in a few ways:
Crowdphoto makes me think of the world described by David Brin in his book Earth, where privacy gets overtaken by low-cost mass-adopted high-tech surveillance, communications and database tools that people carry around propelling the planet into an era of complete social transparency. Each person who freely contributes content on the web has a level of authority relative to the topics they are covering and is therefore more or less influential.
Whether it's going to fly or not as an economically profitable operation is quite another story and to a large extent not a very relevant one. The sheer fact that people have the capability to go from concept to deployed prototype in just a weekend thanks to infrastructure as a service is truly amazing and has far-reaching implications for entire categories of businesses that can now be tested fast and in a flexible way. I just wonder what was the sum total of effort and money invested in preparing the weekend and in building the prototype.
You've got to love the way Chambers has been managing Cisco for the past couple of decades and also how he took the lessons of the IBM story doing a hell of a lot to permanently sharpen strategic thinking and execution. He states very clearly why a company cannot afford to miss a major market transition, which means that a company cannot possibly afford not to monitor, analyze, measure, discuss and decide on changes in its environment, something far too many companies actually do *not* do. Better watch this sequence of his interview.
Through a recent post of one of my contacts, I got to view for a second time a presentation Tim Berners-Lee gave at TED for the 20 years of the web. What had not struck me the first time I saw the presentation is the claim Berners-Lee makes that everything we have today of the web resulted from the idea of hyperlink / hypertext. A big bang of sorts.
It's almost a stereotype of the kind of claims brilliant conceptual types do, because they're so focused on discovery, innovation in its rawest form, beginnings and not necessarily finished forms... which is also one of the reasons why Tim Berners-Lee was not the many economic beneficiary of the discovery. Can you imagine the turn of events had he decided to patent the hyperlink idea and ask for a trillionth of a Euro for each hyperlink created? One of the reasons why I'm not a fan of extreme patenting and rigid copyright.
In this presentation Tim Berners-Lee calls from a new leap, which he thinks is as important as the hyperlink: open availability of raw data. Can you imagine what that means if he's right? I'm ready to bet he is and I'm ready to bet it's a matter that's far more important than data: it's a matter of civilization and a defining factor for civil liberties.
His presentation mentions several examples and he mentions the excellent work of Professor Hans Rosling that I covered in December 2006 in this post (here are the notes of Rossling's talk back then).
This is an excellent piece of communication by BooneOakley a marketing agency (whose site homepage is actually this YouTube video - quite radical and why not after all?) that is very successful in:
I just read this excellent report on the status of innovation in the US (link kindly provided by the excellent Leeander) and I find it just amazing that the authors show a great deal of analytical rigor both in assessing the past and suggesting ways for the future in the form of a public private partnership. The article is long but very well worth your time.
With this kind of approach I see the US going back to the very top of innovation performance. It's time we did a similar assessment in Europe instead of just celebrating innovation and creativity in a very institutional manner.
What inspiration and fun Philippe Stark can be! There's more than meets the eye in what he says in this presentation...
Today is one of these days when I can express better than on most other days why I carefully remain on a spot that is common frontier to several seemingly different worlds: business, marketing, technology, psychology, software development, complex adaptive systems, social media... At the end of the day this is also what defines BusinessQuests: the often treacherous area defined by 'business + innovation + technology', where starting from what drives people is a fundamental starting point. BusinessQuests is where people's quests drive business value and where people's values resonate with quests in business.
What a good day this was! Started early, spent the day in two cities
while cooperating with people in 7 different areas of the world and
discovering refreshing perspectives... I met some pretty creative and passionate entrepreneurs, got exposure to beautiful artistic creations including some nice stuff with Philippe Stark (an awesome super-passionate creator) and had a speedy meeting with Nicolas Martignole a leading practitioner of agile practices in the field of software development.
What's the common thread? Several things:
Apologies for being philosophical on this one, but some things need to be approached from a different angle and make it necessary to use the perenial principle of beautiful creation: COUS, that is Combination of Opposites and Union of Similars... More on that in a future post :)
Back to the Beta Group this evening at my Alma Mater, home of the B-school that has given me much useful knowledge at a time that feels like centuries ago for anyone who's been heavily involved with innovation in the past decade or so. There were more than 200 people in the room, which I find particularly positive for innovative ventures.
Again a couple of very interesting initiatives and very refreshingly most of them had credible business models. As I've said before on this blog I completely disagree with people downplaying the importance of a business model as they develop extreme positions to support the (correct IMHO) position that innovation needs to be supported regardless of the existence of a business model.
Let me give you my top 3 and some notes I took during the presentations...
The companies that have the very best prospects in my opinion are as follows:
One of the companies that was presenting today had big problems with the performance of their platform, part of which may have been caused by either the Internet connection or the browser, and I think that reflected negatively on the actual relevance of what they do. I'm talking about YourTour (now in private beta), whose tool will mean a lot to you if you've ever taken care of preparing and planning holidays or a short tour foryour family or of a group of friends. These guys have done some pretty clever work to develop a tool that optimizes your access to information to organize a tour with associated events, visits, sight-seeing...etc. Think of it as the combination of the dynamic web with your favorite tourist guides and driving directions / map tool. Quite intersting in fact. There was a good question about the trustworthiness of the information and advice they give their users for hotels, restaurants, places to visit...etc
Which bringgs me to where I think their next frontier lies and it's defined by the following points:
There was one initiative that left me largely unimpressed because it seems to be trying to do too many things and at the age of minimalism as expressed by Twitter ExtraFootball might need to think about what stuff should be dropped and integrated through other platforms. In other words I would advise them to streamline, streamline, streamline and focus, focus, focus and integrate, integrate, integrate with the rest of the world; in that respect Moodio's example should be good inspiration IMHO. They have a couple of points I like and would use if I were in their shoes:
Impossible is sometimes an excuse for not trying enough different ways for reaching a goal. Many thanks to Anne (Institut Ressources), Sylviane and JH (Media4) for letting me have this gift today.
 Are You Going To Finish Strong?Awesome video! If you watch only one video today make sure it is this one! Nick Vujicic has no limbs but he leads an incredible life! |
Nouriel Roubini’s (RGE – Wikipedia – Page at NYU Stern) interview on Bloomberg is something you ought to listen carefully (podcast at the end of this post) if you’re a business founder, a manager or an asset owner. It’s not exactly the sort of content that will boost your morale, but I don’t believe the Coué method is the right way to go because it’s much more than a mere crisis of confidence. On the other hand neither denial, nor pessimism are going to take us anywhere.
Rather a pragmatic take on the situation is an essential first step if you’re serious about adapting and being in a position to fully benefit from an eventually recovering economy. This is only one of the reasons why it’s worth getting down to some of the implications of this analysis for business. Today helping business people deal with anxiety and make sense of this chaos is part of my work in different industries, from commodities to tech-innovative sectors, in different areas of Europe. So what does a pragmatic analysis of the situation mean for business? Read on and listen to the podcast.
Economics have seldom been as crucial to business as today. That’s a fact across the board, from young industries enjoying the fat marging allowed by rapid innovation to older highly commoditized sectors. So it only makes sense to be listening to scholars and thought leaders – at least those who have been issuing alerts for the past decade or so: Roubini, Stiglitz, Krugman, Taleb, Bernstein, Bookstaber, Tobin, Thoma…
Roubini’s assertions – well documented, no doubt – that the top US banks are probably insolvent and that China is probably in recession, not merely “just” growing slowly, are causes for concern. His analysis during the interview with Bloomberg suggests the following:
The picture Roubini paints is pretty grim and scary, but factually speaking he’s probably right and we need to acknowledge and take stock of the situation as it is right not, not by discovering ugly bits and nasty pieces of the big picture in a seemingly unending stream of randomly chosen snapshots. Nothing is more damaging to business confidence than the constantly disproval of previously accepted opinions as to the scope and depth of the crisis.
With most economies in a state of frozen shock, difficult access to cash and several assets fast becoming almost illiquid, the degree of anxiety is high in business, for owners, managers and employees alike. The principal cause is not the crisis itself, but the uncertainty about its real nature, its consequences and its true extent as well as the often unspoken lack of confidence that governments know how to solve this one.
So considering the work I do with customers in Europe, the most important implications for business are as follows:
Despite government’s efforts to pump cash into the economy, banks seem completely upset, fearful and paralyzed to the point of actually failing to making funds available even to established and fundamentally healthy businesses. So, if you’re managing an established business, perhaps a family owned business that cannot rely on access to global money markets, you need to consider the following:
For more recent going concerns, the issues highlighted above for older and more established companies
are valid and should be considered although one may assume that in many
cases younger going concerns have better patterns of adoption of new
tools and methods. In your case, you need to be concerned with your
customer portfolio because unlike older more established companies you
are likelier to be more exposed to commercial and customer credit risk.
One of my customers is in this situation and we know full well that it
is crucial to keep close contact with all key customers and to go the
extra mile to share a bit of the burden of going through this storm.
Something that’s been possible in this case was to agree on a
schedule for payments such that the immediate pressure on key
customers’ cash situation is reduced by 10% to 15% and those customers
commit to a longer term supplier relationship with my client. Factors to be considered with special care include
Enjoy Roubini’s interview and visit his RGE site.
This evening I attended the meeting of Beta Group in Brussels. The event took place in one of the classrooms of the University of Brussels, home of my business school… It felt like a big return to the past since it’s been at least 14 years since I last visited that part of the world and in fact it hasn’t changed on bit… There were five presentations of startups that I found refreshing, not particularly because of the quality of the demos (sometimes too technical, low energy and not that assertive), but because I saw people creating fun stuff and prusuing visions and dreams of their own. Here’s a couple of companies I think are before good market opportunities:
During the event I heard someone ask the presenters of the last presenting startup (Seetiz) about Seetiz’s scalability. An interesting question, even though growth is not an objective per se. I think companies are better off making sure they’re great, solid, disciplined, high-quality and fun places to work before they attempt to grow. Growth is a by-product, a consequence of something fundamental: the enthusiastic urge to profitably serve customers in a consistent manner such that they become eager to stick with a company as a supplier. So, the list of this post is not meant to identify potential “high-growth” companies, but merely to say why these three stand out in my opinion.
Definitely refreshing to be spending some time with people who innovate by pursuing their own quests in the wonderful and often mesmerizing world of business.
Even the longest journey starts with the first step… As WideTag releases WideNoise I feel this is the best way to describe the event because WideTag’s stated destination is to be a leading player when the Internet of Things becomes reality.
As WideTag’s CTO often says, there is a still a hell of a lot of stuff missing from the real world for the Internet of Things to happen, but one ought to start with what we’ve got, include new stuff that is coming up and build whatever is missing.
WideNoise, designed by a beautiful team released yesterday as an iPhone application that allows you to socially share data about the noise level at a specific location, is very much the result of this very pragmatic approach: use an existing networked device that has at least one sensor embedded to offer a first application of a “spime”. What’s a spime? It’s a device capable of recording and transmitting location coordinates as well as information about its immediate surrounding, e.g. temperature, carbon dioxide concentration… Now, spimes are likely to play a prominent role in the Internet of Things. Although it’s quite geeky as a concept (if you’re interested read this), there are three reasons why it’s noteworthy:
In fact, Widenoise is also a bridge between the “pure vision” of the Internet of Things (where objects are supposed to exchange information and form self-configuring networks for relaying the data) and today’s reality of applied technology becoming increasingly “social” and hybrid in that it mixes hardware, software and people to create value for participants. So has WideTag managed to make noise social as a very nice post of this morning claims?
Today's inspiration from me. Dr Pausch's presentation contains a message for those of my customers who complain when I tell them what they need to know instead of what they'd like to hear: "your critics are the ones telling you they love you and care... when you're doing a bad job and nobody points it out to you, that's when they've given up on you". Enjoy.
The full lecture given at Carnegie Mellon University is below. Be sure to take the hour and a quarter needed to watch it because it's worth it. Every slice of it.
Just attended a splendid presentation of the way Lego has been actively seeking to and succeeding in involving passionate users in the life of the Mindstorms product line. Lego's people noticed that Mindstorms was generating a lot of passionate contributions and involvement by the community of users, many of whom were absolutely not kids but male adults. The product seems to have been outrageously successful in the Silicon Valley, where the local tech enthusiasts seem to be the typical customers. The product was being hacked and transformed in all sorts of ways... So Lego's people decided to really engage in a very intense interaction with their customers and to let them influence the life of the product to a very large degree. They set a few very simple rules to manage the community of carefully screened engaged users: respect, positive contribution and giving Lego a veto right on how the product would evolve... Today, it's one of the best known examples of how powerful a genuine engagement with customers can be to drive buzz, word of mouth and basically to make it possible for a lovemark to emerge. There's even the case of famous author Chris Anderson who went on to build a drone using a Mindstorms NXT control module...
Here's a nice little video about Mindstorms:
Nowadays a day seldom goes by without some piece of news regarding the sorry state and dismal prospects of the Earth's environment. These are the days of inconvenient truths. Opinions are numerous, conceptual ideas abound, more or less scientific and rigorous conclusions widely distributed and each person responds in their own way. Some will feel anxious, others don't know or pretend not to know (so they can drive an over-sized car with an engine that makes a noise that is music to their ears), others still feel a century is too long a time to worry and a few do what they can to help.
The point however is that we all seem to be like drivers or airplane pilots deprived of instruments, flying or driving blindly in the worrying knowledge that the wall we will hit is getting dangerously close. That's the key issue: we lack data about the impact of our daily micro-decisions on the environment even though there are all sorts of calculators of environmental impact out there. What we do not have is a means to measure what is going on as it's happening, which is really a pity in a world so connected. That's precisely one of the challenges OpenSpime, the self proclaimed "infrastructure company for an open internet of things", seems to be addressing with a pretty cool infrastructure that combines sensors, software, the Internet and mashups to deliver actual maps of carbon dioxide emissions. A good friend of mine is their CTO and I am impressed with what these guys are presenting in this video:
Here's a piece I think is a shining example of user generated content and a strong indication that open online platforms give real power and influence to the people. Now sure whether that validates Gladwell's tipping point, but it does show that the people can wield some influence. Now the question is whether this influence will be stronger than that of insiders of a system, in this case the US political establishment. Something interesting to watch for marketeers and communication pros.
Interesting insights with a strong scientific and philosophical basis. Also interesting is the fact that Ricard was invited to speak at Google. What would happen in the economy if we had truly happy people at work? What would the impact be on our societies and on global issues facing mankind?
This is a short interview given by Emmanuel Vivier, one of the founders of Vanksen Group (a customer I advise in matters of strategy, growth management, organization, structuring and corporate governance) at Ad:Tech in London. Emmanuel gives some pretty interesting assessments of the readiness of the market for new marketing approaches. It does seem that marketing decision makers are increasingly aware and willing to deploy integrated online-offline campaigns and to exploit capabilities of the Information Age for communicating. However, there are quite a few new challenges that they may not be familiar with, starting with the issues of brand management and brand protection in an open environment like the Internet. And since we are getting closer to 15-OCT (blog action day), I will simply put out the questions: how relevant is it to be marketing in ever cleverer ways if that does not contribute to better consumption instead of merely more consumption? how can new marketing support more sustainable economic models that do not require more natural resources than can be afforded by the one planet we have? Probably something to be considered as part of strategy formulation at Vanksen Group.
