Twitter, the decade plus old company is still trying to define what it is and how to make money. It is trapped in a business model of providing free service in exchange for our souls and friends. Based on the past performance there is little hope that Twitter’s future will be brighter. The number of free users is not growing fast enough (if at all) and the revenue from ads is not rising fast enough to stop the bleeding. What…
Facebook is now ready to dominate the online world of business with the latest announcement from its F8 conference. The company made it very clear that having 1.35 billion active users and allowing them to share bad selfies and cat videos is not their end game. I’m shocked. Really. True, Facebook is making some good money from advertising but hey – that’s just for the cash flow. Their strategy is to dominate businesses within the social networking site as well…
Back from an evening out you open your front door to discover that your house has been broken into, many valuables are stolen. You take out your phone and dial the police. To prevent this startling scenario, most people protect their homes with deadbolt locks, alarms, angry German Shepherds, and perhaps cameras. What most people don’t understand is that all of those things do precious little to secure their computers and their information on the Internet. Most people have likely…
As mentioned in the previous post, last week I attended the Data Leadership Summit – http://www.datasummit.ca in Vancouver. It brought together a diverse audience to see speakers from different industries with different perspectives and experiences. In my opinion, there were two presentations which were particularly compelling. One was from real estate brokerage Redfin, the other from the online dating service Plentyoffish. I found it interesting that both shared many common themes. For instance, the level of exaggeration when one describing…
There were two news stories from IBM in regards to Watson last week. The first one was about a partnership between IBM and Twitter. The news release is full of great promises – Analytics Services on Cloud, which should deliver cognitive services in the palm of your hand; predictive analytics; visualization. Between Twitter and Watson, you’ll be able to keep the pulse on the planet. Unleashing Watson’s mind on the endless stream of Tweets, reminds me of a quote from…
