The Internet of Things–some (very) random thoughts on future of internet


All the talk about wearable gadgets as the next big thing got me thinking again about the Internet of Things. http://www.businessinsider.com/growth-in-the-internet-of-things-2013-10 http://www.businessinsider.com/wearable-devices-create-a-new-market-2013-10 The Internet of things is not a new concept.  I remember listening to an academic at an NCR conference (yes ATM’s) circa 1997 speaking about a future when everything has a chip and IP address that will identify itself over the internet.  The best and most easily understandable set of examples provided were food.  Your milk carton would tell the screen on the fridge that it is about to reach its maturity date and automatically add to your … Continue reading The Internet of Things–some (very) random thoughts on future of internet

The death throes at Blackberry continue with apparently fake reviews on Google Play Store


The death throes at Blackberry continue.  Cut and paste gaming of reviews at the Google Play Store are the latest.  The ars technica folks are very kind in their review here. Blackberry’s Android BBM app drawing lots of suspicious 5-star ratings A tremendous number of the reviews all contain identical or near-identical awful text, including missing commas and a painfully absent preposition: Continue reading The death throes at Blackberry continue with apparently fake reviews on Google Play Store

Amazon to provide cloud services for the CIA, beating IBM


I’ve been using Amazon as by back up / hard drive replacement for 7 years now, most recently through Bitcasa.  So I am always interested to watch Amazon grow in their cloud services, and they just continue to exude confidence.  Now they are approved and to provide cloud services to the CIA which would require some serious diligence to obtain. Amazon reports quarterly net loss of $41M, sales above $17B, exceeding expectations It’s been a big quarter for Amazon, which saw the launch of new models of the Kindle Fire, a new Kindle Paperwhite, as well as sealing the deal … Continue reading Amazon to provide cloud services for the CIA, beating IBM

A quick QA test of healthcare.gov shows some very basic mistakes even in the customer registration system


With all the attention being received by the site performance of healthcare.gov and after hearing that CGI from Canada were the developers, I thought I would take a quick look. Obviously I cannot comment on things like the reliance of this site to performance of the other sites it has to link to because I am not American and can only go so far.  However at least I can look at the registration process. I was surprised at basic errors in even in the registration process.  There are some basic issues that simple QA testing would have caught.  I have … Continue reading A quick QA test of healthcare.gov shows some very basic mistakes even in the customer registration system

How do we get banks to work outside their risk model


GigaOm has a preview of a paid report here but even the preview is a nice summary of the challenge facing banks that they still find it impossible to to address. When we look at the current transaction volumes, mobile is nowhere.  So it is understandable that banks see no problem here.   This paragraph in the GigaOm preview summarises something banks have difficulty understanding;  the bold emphasis is mine: In the same way digital payments companies like PayPal helped usher in the PC-based e-commerce explosion, mobile-focused companies are exploring how to make these transactions easier, for shoppers and merchants, … Continue reading How do we get banks to work outside their risk model

Enter Square Cash P2P payments


Square provided a brilliantly simple method of accepting payments using your iphone/ ipad headphone jack.  Now Square has entered the world of person to person (P2P) payments.  The concept is so simple with no sign up process.  It taps into your debit card allowing you to send money to other people incredibly simply. I haven’t been able to evaluate yet, but this is big news.  Jack Dorsey does not release products that are not destined to successfully scale.   Continue reading Enter Square Cash P2P payments

Cheques, Miles, Gallons and mag stripes – US just left behind by North Korea as the last non EMV (Chip) card country


I just love this paragraph from Bretts latest post over at Finextra.  It says so much at so many levels about America. USA – world’s largest closed loop payments system? Last year Celent reported that fully two thirds of cheques written globally are still written in the United States. At a time when the world is accelerating towards faster payments, the US has been reinforcing Check21 and propping up a system that was popularized in the 1950s. When put to a vote recently the US banking community voted down the Expedited Processing and Settlement (EPS) initiative at NACHA which would … Continue reading Cheques, Miles, Gallons and mag stripes – US just left behind by North Korea as the last non EMV (Chip) card country

The Debt Ceiling Economic Impact Reality is Enormous


A simple fact.  The average monthly US deficit is slightly over $50 bn.  That is the number which will automatically have to be cut from daily expenses as the post October 17th debt ceiling is reached.  To place that in context, US spends $3.5 Tn annually or $292 Bn per month on average.  A forced reduction of $50 Bn would represent a 17% expense reduction.  Translate that into your business – aside from how anyone feels about the politics, the impact is catastrophic economically and would force a recession and worse in terms of social unrest.  That is the state … Continue reading The Debt Ceiling Economic Impact Reality is Enormous

Due to the high degree of interconnectedness of financial system BofE requires cyber attack plans to be drawn up


Finextra notes that the recent BofE Financial Policy Committee meeting minutes are concerned about cyber attacks and require a plan from Banks by March 2014.  Really? Britain’s banks told to draw up cyber-attack plans Britain’s financial institutions must put concrete plans in place over the next few months to deal with the growing threat of cyber-attacks, the Bank of England has warned. I had to go back and double check the meeting minutes for myself.  Cyber attacks and Ddos are hardly new, and banks have their own plans in place today.  However when I read the minutes there is a … Continue reading Due to the high degree of interconnectedness of financial system BofE requires cyber attack plans to be drawn up

Twitter S-1 outlines “The Evolution of Content Creation”


When high powered MBA’s and Investment bankers get together to describe modern internet companys at IPO time there is an almost surreal absurdness which appears in placing the new company in context for waiting investors.  I know because it’s a technique I admit to having used as many of you have.  You are taking something new and attempting to frame it in context of how this shiny new thing fits into the grand plan. (I now officially hate Scoble for making me hate my previously favourite word) The following is the MBA version of Twitter in context of how it’s … Continue reading Twitter S-1 outlines “The Evolution of Content Creation”