Category Archives: Business

Weekly news round up (18 October 2017)

Here’s a summary of interesting stories I’ve seen over the last week. I try to concentrate on the stories which aren’t necessarily mainstream.

Technology

The five biggest announcements from Amazon’s hardware event were:

  1. The Echo alarm clock (spot)
  2. Echo plus (a home hub)
  3. Cheaper echos in a three-pack
  4. Echo buttons
  5. BMW integration
  6. New Fire TV.

Hmmm… that’s six products. The big question: does a houseful of echos make an echo chamber? https://www.theverge.com/2017/9/27/16374254/amazon-event-2017-news-recap-echo-spot-fire-tv-hardware

The new GoPro Fusion 360 degree camera. It looks outstanding, even if it makes your hand look a little odd on playback. Watching it again, I cannot believe the video quality of this tiny device:

Continue reading Weekly news round up (18 October 2017)

The future of digital advertising

Shipping and sea routes - see the big data example belowI was kindly invited to an event today called “The Ad Apocalypse And The Rise Of Interactive Brand Experiences”, hosted by wayin. Wayin runs a content management system for brands to run interactive campaigns in their digital advertising.

Although the event proved how wayin was the answer to several of life’s challenges, there were a few interesting thought leadership pieces at the event which I’ve tried to capture below.

My apologies for brevity in the notes format and any spelling mistakes.

Wayin introduction, Richard Jones (Wayin CEO)

Richard started by describing how Mondelez has pulled £100M from their advertising recently due to the lack of impact that their digital advertising spending is having. They’ve never pulled ad spend before the holiday season. Continue reading The future of digital advertising

Weekly interesting news round up

Here’s a summary of interesting stories I’ve seen over the last week. I try to concentrate on the stories which aren’t necessarily mainstream.

Banking

Let’s start with some good news! ING ran a trial of contactless charity donation boxes. The trial resulted in average donations doubling old-fashioned cash collection tins. I think the new donation box design could be improved, but it still encourages generosity to charities. .

Apple is close to launching their person to person payments service. It’s purely proprietary – which means only Apple users will be able to send and receive payments. I predict Apple Pay Cash will have a bigger cash stockpile this time next year than many high street banks. This is because users will keep their received cash on their device, simply because it will be easier than transferring it into a bank account. https://t.co/agcKxKigJx Continue reading Weekly interesting news round up

InsTech London September event

19 start ups appeared at InsTech London September
Here are the 19 start ups at InsTech London September

Last night was the latest InsTech London event. InsTech, or InsureTech or InsurTech (please can someone confirm the standard nomenclature?) applies to the insurance industry in the way that FinTech was the industry disruption in the financial industry.

Insurance is ripe for this disruption because so many business processes are done on paper (quite literally – and this is where the term underwriter comes from) or a combination of Excel spreadsheets and email. Continue reading InsTech London September event

Weekly interesting news round up

Here’s a summary of interesting stories I’ve seen over the last week. I try to concentrate on the stories which aren’t necessarily mainstream.

Sport & hospitality

Formula 1 Ferrari
Formula 1 sponsorship is still growing due to the value of live sports
Source: Wikipedia

Q: How much do you think Marlboro sponsor Ferrari?

A: Around $100m per year.

As we watch more and more on-demand television, the value of live sports television just keeps rising. http://www.sportspromedia.com/news/ferrari-spark-marlboro-renewal Continue reading Weekly interesting news round up

Weekly interesting news round up

Here’s a summary of interesting stories I’ve seen over the last week. I try to concentrate on the stories which aren’t necessarily mainstream.

Sport

NFL notebook
The NFL is a good indicator of where the English Premier League is commercially heading

I’ve always said the Premier League is commercially 5 years behind the NFL. To anyone who thinks Premier League TV revenues or player salaries are too high, do not read this article on the latest NFL commercial numbers. Some examples:

  • The Raiders are building a new stadium in Las Vegas at a cost of $1.7bn. Tottenham Hotspur is building a stadium in London for £800m.
  • Roger Goodell is the commissioner of the NFL. He earns $30m per year, compared to Richard Scudamore, the head of the Premier League, who earns £2.5m including bonuses.
  • The Premier League does win on salaries though. The NFL has a team salary cap of $167m per team. Compare this to Manchester City’s wage bill (last year) of £225m. Put another way, the top 5 teams in the Premier League has a wage bill higher than the NFL’s cap.

Continue reading Weekly interesting news round up

Future digital business models

Snapchat - behind the streak feature lies clever digital business models
Snapchat – behind the streak feature lies a clever digital business model

One of the interesting principles we’re seeing with new digital companies are the new digital business models.

Most internet services we use are supported by advertising (Facebook, LinkedIn, Google). Media companies offer a range of digital business models from monthly subscription (e.g. Netflix), advertising funded (e.g. YouTube), both subscription and advertising (e.g. NOW TV) and freemium (e.g. Spotify).

The internet coined the term ‘as a Service’ (with the postfix ‘aaS’), which essentially rents shared platform ‘space’ or utilisation. These are usually available on a minimal-term contract of a month. One example here is Amazon’s hosting facility, AWS (Amazon Web Services) which offers hourly pricing, in a market which used to have annual contracts.

Linked to this are ‘marketplaces’ which combined large numbers of sellers and buyers. The biggest examples here are eBay, Alibaba, and Amazon. Apple App Store and Google Play fall into this category.

These marketplaces transformed into other offerings, such as what we now call crowdfunding (e.g. Kickstarter) and charity sponsorship (e.g. JustGiving). Continue reading Future digital business models

Tips for creative or innovative thinking at work

This isn’t the ideal environment for creative or innovative thinking. Photo: Michael Loke on Flickr 

During some recent presentations on innovation and technology trends, I’ve been asked for day to day advice, techniques and tips for creative or innovative thinking at work.

In summary, creativity or freshness comes from breaking habits, which are often unconscious behaviours – those things we do without even thinking about it. So here are 10 ideas for breaking habits to foster more creative or innovative thinking at work:

1. Meet customer facing staff, e.g. sales, front line support. Carefully listen to their anecdotes. If you don’t usually speak directly to customers, you’ll probably find the stories revealing. I’ve seen CIOs’ jaws drop when listening to customer service staff.

2. Read different publications. Whether it’s news websites, social platforms, newspapers, even the trade press of a different skill (e.g. legal press if you work in IT). You’re seeking different opinions to your usual ones. Continue reading Tips for creative or innovative thinking at work

Digital best practice: Release regularly

One of the best practice digital principles we talk about at Endava is regular rollouts to users. The more regular and automated you can make them, the quicker you can provide additional functionality to your users.

Amazon

Amazon’s release to live every 11.6 seconds. This was the mean average for weekdays during May 2011. During that month, they had up to 1,079 production deployments per hour. Continue reading Digital best practice: Release regularly