Tag: innovation

IBM and Africa

IBM Jams looking for ideas to use IT to bootstrap the african economy. and they put real money behind it. i suspect IBM will soon be an essentially an emerging markets company with their move to such large scale outsourcing. no wonder they fund things like this.
2007-05-28:

the terrain of the technology game in Africa has changed. As personal computers have continued their spread, there has been more use of software and there is now a market for such services – cash registers, payroll systems, inventory control and so forth – the guts of modern business infrastructure. The major change has been the ascendancy of networks – the internet, with its great popularizer, the web, and, of late, mobile telephony. This has lead to more interest in collaboration as distribution and coordination costs have been dramatically reduced. Also the costs of starting up internet-related business have vastly decreased and we have experience dealing with Moore’s law in the network-enabled datacenter. You can even lease internet infrastructure if need be.

The Masai example however should give an idea of the challenges. Structurally, many businesses are undercapitalized and on the surface, disorganized. There are lots of good ideas, and indeed there is much entrepreneurship but when you come into the continent and partner up, you should know that your partners may not have the single-minded focus that you have. They are juggling constraints you can’t imagine and have adapted their strategies and behavior. Also keep in mind that sustaining investment will be like keeping up a good conversation – if you don’t pay attention to your interlocutors, they, and Africa itself, will remain opaque. Nigeria is a case in point, its brand of capitalism is a cauldron of creative destruction. But if you can master it, well… they don’t call it black gold for nothing.

insightful and fun to read analysis

Etsy Virtual World

he’s thinking about a persistent crafters’ world built out in a Flash interface similar to the rest of the Etsy site, but complete with virtual currency, that would function as an online bazaar shoppers could roam around in. It would come complete with game-like elements to keep people engaged, and the virtual currency would be good for spending on real physical goods.

what i imagine when someone says clicks and mortar

Lack of Web 2.0 innovation

Much of the “easy” innovation seems to have been wrung out of the Web 2.0 wave. Web 2.0 was cheap – thanks to open source, simple – thanks to RSS/REST, and distinctive – thanks to AJAX and Flash. It helped more than a little the Google has continued to entice us all with the abundant profits in Internet advertising. Now the hard work begins, again. The next wave of innovation isn’t going to be as easy. The hard problems in the WWW are no longer usability or ease of everyday content creation. These problems are solved. Digital cameras, SixApart, WordPress, and digital video cameras showed us how ease it could be. Now the hard part is moving from Web-as-Digital-Printing-Press to true Web-as-Platform. To make the Web a platform there has to a level of of content and services interoperability that really doesn’t exist today.

good riddance. hopefully making room for true innovation like tesla motors or spacex. if you can code it up in a weekend, why bother?

Walmart banking

Wal-Mart is withdrawing its application for a bank charter, which aroused widespread opposition from banks, lawmakers and consumer groups, and spurred debate within Congress and before the FDIC

a sad win for the incumbents. they sure could use that competition.
2007-08-27:

Walmart failed to get approval for a bank. But the giant discount chain is effectively building one anyway. Wal-Mart said yesterday that it would rapidly expand the financial services offered in its vast network of stores, extending the reach of its retailing empire into its shoppers’ wallets and the traditional turf of the American banking industry.

i hope they can do that. this sclerotic industry needs some disruption. plus capturing the unbanked has upsides all around