6 Trends Are Driving A Data Tsunami For Startups. A tidal wave of valuable data is surging from the Internet and connected devices today, and the volume is growing exponentially each year.
It’s enough to drown any business which tries to fight it or ignore it, and it’s an opportunity to ride higher and faster than even the successes of Google and Facebook, for those startups that use it as their driving force. Per a new study by networking giant Cisco, the world’s yearly mobile data traffic grew 69 percent in 2014, reaching 2.5 exabytes per month at the end of the year.
This is nearly 30 times the size of the entire global Internet in 2000. Data Isn’t Cool. You Know What’s Cool? Insight. Next Frontier? Brands Extracting Small Customer Data from Big Data. Feb 24 2014 | Resource: Daily News By: Jim Tierney Back To Results Andrea Busse, CEO of Intelatext−a global customer engagement firm and mobile technology company−told Loyalty360 that she believes the next frontier will be Small Data.
With incessant talk about Big Data (which revolves around machines) in recent years, Busse believes Small Data (which revolves around people) will find its niche in the marketing world within the next three years. “The evolution in the past five years has been faster than the previous 30 years,” Busse said. Busse said companies are investing in systems and platforms to aggregate Big Data in growing numbers, but organizations are limited by silos and divisional data sets currently, which prohibit the data crunching on any kind of meaningful level to become actionable down to the individual. The Data-Driven Future Belongs To Those Who Have All The Facts. Payment Data Is More Valuable Than Payment Fees. We are in the midst of a great revolution in the payments space: anyone with a phone can now accept credit cards; online-to-offline commerce is allowing online payment for offline purchase and significant friction is being removed from the consumer purchase experience thanks to mobile.
All of this innovation (read: competition), combined with government intervention, means that payment fees are falling, threatening revenue streams for incumbents and startups alike in the payments space. But a broader opportunity exists: using the data of payments to build a more valuable, more defensible business model, one not dependent on fees. The result will revolutionize offline commerce and online advertising. Today: It’s All About Fees, and They’re Heading Towards Zero Payment companies make money by charging fees to “process” a payment from buyer to seller.
Competition between payment companies is only one leg of inevitable downward pricing pressure. Image via stevendepolo. The Future Of Service Is Data. Before I lose you, let me inspire you.
Ami Dar, executive director of Idealist.org, painted this vision for me about a year ago: How dance music travels. A new visualization by travel writer Osman Khan charts the “Evolution of Western Dance Music,” tracing music through time and space from Africa and the Caribbean through the development of the Blues, Jazz, Funk, Disco, and, well, you know the story.
Screenshot of “The Evolution of Western Dance Music” visualization. Click here for the interactive version. Khan recognizes the spread of music is open to debate — in terms of how you define genre and influence, for example. (I’d also add, in terms of the size you choose to depict the continents in the associated visualization.) Khan points to his sources: Bass Culture, Last Night A DJ Saved My Life, and The All Music Guide to Electronica, along with Wikipedia. Visualizing Jane Austen.
“It is a truth universally acknowledged that a single man in possession of a good fortune must be in want of a wife.”
How Data is Making Rio de Janeiro a Smarter City - TNW Latin America. Do you plan to attend 2014 FIFA World Cup or 2016 Olympic Games in Rio de Janeiro? If so, the city is already getting ready to welcome you. Here is how Rio is using technology and data management to get smarter. Manage information to avoid tragedies In April 2010, the State of Rio de Janeiro was hit by a natural disaster, when floods and mudslides killed over 200 people and made 15,000 homeless. Worse, Rio de Janeiro’s Mayor admitted that Rio’s preparedness was “less than zero”. Rio Operations Center, the city’s control room Although its initial focus was floods, the scope of Rio Operations Center expanded considerably. IT consumerization: Nightmare or golden opportunity?
Unsure about embracing IT consumerization at your company? The truth is, it’s not so easy to integrate mobile devices into enterprise environments. Smartphones and tablets weren’t designed for business users, and that can mean big headaches for IT — not the least of which is data vulnerability. So why bother? Let’s start with the indie jewelry designer vs. Urban Outfitters story that went viral on Twitter. An Ex-Pixar Designer Creates Astounding Kids' Book On iPad.
E-books are already a fraught subject for many readers, writers, publishers and designers, but children's e-books are even more so. Is it rotting their minds?