Entrepreneurs are supposed to have insights that others don’t have and we’re supposed to be good judges about which entrepreneurs and executives have both the most clever ideas and the right skill sets to do transformational things against all odds.
To Google, the Echo isn’t just another speaker. It’s part of a bigger move away from text- and app-based interfaces that require users to seek out information to voice-based systems that offer more natural interaction. In other words: It’s what’s next after Google’s search bar — and it’s made by a competitor.
*Competing in a time of great change.
The Robots Are Coming for Investment Bankers, Not Just Truck Drivers https://hunterwalk.com/2016/09/07/the-robots-are-coming-for-investment-bankers-not-just-truck-drivers/
“Maybe in ten years investment bankers will stand alongside truck drivers in discussions about safety nets, universal basic income and skills retraining.”
“The vulnerability of these jobs is due, in large part, to the easy availability and rapidly declining price of computing power, as well as the rise of ‘‘machine learning’’ software, like Kensho, that gathers and assimilates new information on its own.”
*Machine learning, automation and innovation will led to human disruption at a rapid pace, perhaps outpacing precious technological transformations.
September 12, 2016
Pick up to six topics or areas of interest. Each day there will be some learning and engagement with the areas you have chosen. You can even plan in an exercise period if you like.
You will be amazed at how much you can learn in these short bursts of time. Focus and interest make a huge impact on totality of what you learn.
“Podcasting Has An Ad-Skipping Problem, Too The 15-second skip button allows listeners to avoid commercials”
*Ads need to be relevant to the listeners of the show. People will continue listening if the product is relevant to them.
Also, if the listener has a device in their pocket there is some resistance to pulling it out and forward skipping.
**Some corded and bluetooth headphones have the ability to skip ahead as well using physical buttons.
“In the past year, ICUs monitored by Mercy specialists have seen a 35% decrease in patients’ average length of stay and 30% fewer deaths than anticipated. ‘That translates to 1,000 people who were expected to die who got to go home instead,’ says Randy Moore, president of Mercy Virtual.”
Got a Hot Seller on Amazon? Prepare for E-Tailer to Make One Too – Bloomberg: “Rain Design’s experience shows how Amazon is using insights gleaned from its vast Web store to build a private-label juggernaut that now includes more than 3,000 products”
*Competition sometimes comes from unexpected places. The retailer is closer to the customer and owns a direct relationship that is hard for a manufacturer to compete with. Think of it as the middleman cutting out the supplier.
“As with everything Tesla does, autopilot seems to be getting better each and every software update (which as a side note is amazing…my car is better now than when I bought it, which is quite a thing).”
*Over-the-air software updates make new things possible. Your car can get smarter and better over time. Amazing.
The Internet allows easy access to information at the frontiers of knowledge, and modern technology helps to put the gathering and analysis of data within the reach of modest budgets.
*Expanded opportunity for many more people. You can learn a lot with a very modest budget it you invest in Internet access and invest time exploring.
There was something great about the ability to experiment with an idea before committing to it and before sucking other people’s money into it. When it didn’t work, it didn’t work. No need to pivot to save face or get your investors whole. Just shut it down and tinker on another idea.
*The ability to tickle ideas and see how they react is powerful. Don’t get over invested in an idea or business that isn’t and will not work in the market.