Well, we are chatting about mash ups (usually this means mashed potatoes to me..but obviously not)
We easily find the information about the Facebook owner, his house location, phone number, even how much his house costs. We can even get his resume this is scary......I am glad I don't live in the US. Privacy seems to be finished in the states....
The virtual worlds are growing!!!! Personally I think users are a little sad, if you are living life in a virtual world then you are not living in the real world, I think people may act very differently when they do not have to be accountable for their actions,..... kind of like living in a fantasy world.
Now we are talking about digital V's traditional photography. Example of Superbowl given, workforce cut in half, much less time. The quality may be less, but the quantity is orders of magniture greater. E.g shoot 16000 pictures, you are guaranteed to end up with some good pictures. The process is more important than the product in this case.
E.g the Ipod, process over product. the i tunes music platform allows for uploading music or download music from the internet.
Takeaway,
Process design should be targeted towards process improvements to target better outcomes.
Process innovation for better efficiency, quality, integration. In recent years ICT improvements have led to process improvements
Last day tomorrow!!!!
Thursday, March 13, 2008
Wednesday, March 12, 2008
Wednesday Presentations
Gentlemens club:
Kind of automated shopping system with recipe suggestions.
How to test: use trial supermarket, use prediction markets.
Matterhorn:
- Car market ready for disruption, high costs, high complexity, road network overloaded, environmentally unfriendly cars.
- Slow commuting, traffic jams, speed limits, environmentally irresponsible.
- Trends to hybrid engines, voice control systems, biofuel
- Innovations: anti crash systems.
- Autopilot system. Cars go on train and only drive a few hundred meters.
- Test in lab, on isolated roads, use brainstorming.
Crosslinks:
Tranformationa technoloy, GPS systems evolved.
- convenience, read on way to work, reduce traffic jams, save time, increased safety, improved reaction time.
- technology needs to evolve
- trends, GPS, reduced environmental emmisions
- outsource taxi drivers, trains
- no more personal cars eventually.
Jin Ju Su:
Make new non hydrocarbon based engines, e.g. electrical magnetic motors
Golden Rulers:
????? did not know really what they were talking about
Takeaway:
If you lose the low end today, you will lose the high end tomorrow.
Recognise the warning size of capability oversupply
Identify emerging market segments
We must allow old business units to compete with new and allow old units to end.
Difficulty of managing older and disruptive technology within a single organization
Check out Google analytics
Kind of automated shopping system with recipe suggestions.
How to test: use trial supermarket, use prediction markets.
Matterhorn:
- Car market ready for disruption, high costs, high complexity, road network overloaded, environmentally unfriendly cars.
- Slow commuting, traffic jams, speed limits, environmentally irresponsible.
- Trends to hybrid engines, voice control systems, biofuel
- Innovations: anti crash systems.
- Autopilot system. Cars go on train and only drive a few hundred meters.
- Test in lab, on isolated roads, use brainstorming.
Crosslinks:
Tranformationa technoloy, GPS systems evolved.
- convenience, read on way to work, reduce traffic jams, save time, increased safety, improved reaction time.
- technology needs to evolve
- trends, GPS, reduced environmental emmisions
- outsource taxi drivers, trains
- no more personal cars eventually.
Jin Ju Su:
Make new non hydrocarbon based engines, e.g. electrical magnetic motors
Golden Rulers:
????? did not know really what they were talking about
Takeaway:
If you lose the low end today, you will lose the high end tomorrow.
Recognise the warning size of capability oversupply
Identify emerging market segments
We must allow old business units to compete with new and allow old units to end.
Difficulty of managing older and disruptive technology within a single organization
Check out Google analytics
Wednesday - Tools
Disruptive technology, Machine Tool example, more than 10% increase in market share in Japan in less than ten years, - why? evolution of CNC control and integration. FANUC developed very advanced computer controlled machining.
The labour became less skilled and became replaced by capital (by capital, I mean the machine and the integrated control system).
Core competences and company reward system may be built to reinforce the core philosophies that are being challenged by the cheaper technology, this may lead to strong resistance to change and a refusal to adapt to the upcoming change. The fact that very few technology companies stay at the absolute peak of the industry for very long before being knocked off the pedestal by a challenger with a cheaper/better/faster/more powerful (etc etc) product.
The labour became less skilled and became replaced by capital (by capital, I mean the machine and the integrated control system).
Core competences and company reward system may be built to reinforce the core philosophies that are being challenged by the cheaper technology, this may lead to strong resistance to change and a refusal to adapt to the upcoming change. The fact that very few technology companies stay at the absolute peak of the industry for very long before being knocked off the pedestal by a challenger with a cheaper/better/faster/more powerful (etc etc) product.
Tuesday, March 11, 2008
Tuesday
Careful with negotiating on commoditiy products,!!!!!! the vendors on the high street will not move that much on price. ""I give you already good pricelaaaa, you buy!""
Session 6:
Lead user innovation value: customers can know the product better than producers. Driven on sites like wikipedia and second life etc...Creative customers sometimes don't use products for their intended purpose, willing also to pay for more.
Capturing the value of co-developement with innovative users can provide a significant competitive adavantage.
The open source model seems a lot more free and open. Users are free to aid and actively develop and improve the code. Microsoft are in the complete opposite game, none of the sofware is supposed to be changed or developed and modified. It looks like software and hardware are coming down in price and becoming commodities. This is all good for the consumer.
OSS developement principles, technology, working group, process and governance. Leads to customer friendly, fast developement, high quality with low error rates and it is free.
When users become developers, then you better work with them or you will be left behind.....
Session 6:
Lead user innovation value: customers can know the product better than producers. Driven on sites like wikipedia and second life etc...Creative customers sometimes don't use products for their intended purpose, willing also to pay for more.
Capturing the value of co-developement with innovative users can provide a significant competitive adavantage.
The open source model seems a lot more free and open. Users are free to aid and actively develop and improve the code. Microsoft are in the complete opposite game, none of the sofware is supposed to be changed or developed and modified. It looks like software and hardware are coming down in price and becoming commodities. This is all good for the consumer.
OSS developement principles, technology, working group, process and governance. Leads to customer friendly, fast developement, high quality with low error rates and it is free.
When users become developers, then you better work with them or you will be left behind.....
Monday, March 10, 2008
Weekend Report
Well we started off with the group DB presentations. Everyone did very well, Tomas gave his views on the presentations, some were correct and some I did not agree with. Then we went to Manulife, the main point of the exercise seemed to be to confirm the concept they already had. Nevertheless it was ok. A few of us went off for a few drinks and a bit of nosebag in an Irish bar.
Saturday, went exploring around the markets near Central, lots of pokey little side streets and stores. There was specific alleys for things and after a good bit of searching we found the poker chip street and had a good haggle with the owner for a significant price reduction.
There was a good few games of poker on Saturday evening. The big winners were Amir and I, Dave and Lucus took a bit of a hit but will make it back in future I am sure.
Sunday we went out to Stanley harbour. Lots of coffin dodgers complete with poodle, there were no shortage of blue rinsed perms and british retirees. We had a very chilled day and got some food & wine (eventually).
Monday in Macau, the Marriott guys were good, the casino was pretty obscene. The venetian decor was not really my style. On the way back from Macau a couple of us stopped off on Nathan road to do a bit of negotiation. I was surprised how inflexible they were and unwilling to negotiate on price. In the end, the best price for the 8 gig iphone and a nikkor 55 - 200 telephoto lense was about 5300. I will probably buy today......
Session 6:
Saturday, went exploring around the markets near Central, lots of pokey little side streets and stores. There was specific alleys for things and after a good bit of searching we found the poker chip street and had a good haggle with the owner for a significant price reduction.
There was a good few games of poker on Saturday evening. The big winners were Amir and I, Dave and Lucus took a bit of a hit but will make it back in future I am sure.
Sunday we went out to Stanley harbour. Lots of coffin dodgers complete with poodle, there were no shortage of blue rinsed perms and british retirees. We had a very chilled day and got some food & wine (eventually).
Monday in Macau, the Marriott guys were good, the casino was pretty obscene. The venetian decor was not really my style. On the way back from Macau a couple of us stopped off on Nathan road to do a bit of negotiation. I was surprised how inflexible they were and unwilling to negotiate on price. In the end, the best price for the 8 gig iphone and a nikkor 55 - 200 telephoto lense was about 5300. I will probably buy today......
Session 6:
Colm's Blog Continued
In Session 4 we covered knowledge management. The interesting things for me were:
Wikipedia
Weblogs
Data Mining
Skype
Knowledge management
I use Wikipedia all the time, it definitely has value.
We did the jelly bean jar experiment. I did the typical engineer thing and counted the number at the bottom of the jar and the number along the side and added a few for the filled in voids. I was close. The method of eliminating choices to increase the chances of a successful outcome of an experiment was proposed, as in the kind of collective knowledge in the audience of the ''who wants to be a millionaire show. I am not sure if I agree with this or not, from watching the show myself when living in Ireland, I generally found the audiences to be wrong. But maybe that is just the Irish ....I have no issue with the concept of crowd wisdom, but I think that most general populations (e.g. USA... Paul) are on average pretty dumb....I am not entirely convinced.
The data mining issue is interesting. Personally, I do not like giving away personal details on the internet unless it is absolutely essential. But signing up for websites gives a lot of online companies access to a huge store of information on people who could be potential custemers in whatever business you are interested in.
Blogs are OK but they are uncontrolled (maybe not in China), I think there was a big fuss over some blog sites in some university in the US, called rumours or something. Apparently people left loads of nasty messages on the site about some female student and she eventually committed suicide.
We seem to be in a fairly pro-Google class environment. I changed over to Gmail a good while ago,.....I had a hotmail account before but it kept getting inundated with spam and turned off after a certaian period of inactivity,...gmail is great, never delete anything, google chat is pretty cool and I use it to keep in contact with my family all the time, especially my brother.
Slan leat (bye in Irish)
Wikipedia
Weblogs
Data Mining
Skype
Knowledge management
I use Wikipedia all the time, it definitely has value.
We did the jelly bean jar experiment. I did the typical engineer thing and counted the number at the bottom of the jar and the number along the side and added a few for the filled in voids. I was close. The method of eliminating choices to increase the chances of a successful outcome of an experiment was proposed, as in the kind of collective knowledge in the audience of the ''who wants to be a millionaire show. I am not sure if I agree with this or not, from watching the show myself when living in Ireland, I generally found the audiences to be wrong. But maybe that is just the Irish ....I have no issue with the concept of crowd wisdom, but I think that most general populations (e.g. USA... Paul) are on average pretty dumb....I am not entirely convinced.
The data mining issue is interesting. Personally, I do not like giving away personal details on the internet unless it is absolutely essential. But signing up for websites gives a lot of online companies access to a huge store of information on people who could be potential custemers in whatever business you are interested in.
Blogs are OK but they are uncontrolled (maybe not in China), I think there was a big fuss over some blog sites in some university in the US, called rumours or something. Apparently people left loads of nasty messages on the site about some female student and she eventually committed suicide.
We seem to be in a fairly pro-Google class environment. I changed over to Gmail a good while ago,.....I had a hotmail account before but it kept getting inundated with spam and turned off after a certaian period of inactivity,...gmail is great, never delete anything, google chat is pretty cool and I use it to keep in contact with my family all the time, especially my brother.
Slan leat (bye in Irish)
Thursday, March 6, 2008
Colm's Blog
Hello Everyone,
Well, I am glad to be away from Shanghai and in Hong Kong. That Mongolian Dust (otherwise known as heavy pollution) took out a few members of the class in Jinan. But most appear to be well on the path to recovery. Hong Kong is a cool city, I like....I like....
The trip to Jinan was fun and the karaoke was excellent craic,.....some dodgy song selections by neffsky but good music and a lot of fun.
The first session of technology innovation was enjoyable. The prices of the commodity products were ridiculously low, and could be multiplied by a factor of 5 to 10 in Switzerland or Ireland. The point was made that the commodities market is tough and margins are low. Groupthink was interesting but maybe the point could be made that in , larger groups there may be an element of social pressure and unwillingness to be different. Obviously the processes that lead to innovation are important and must be done correctly. If the market research is poor and the results are skewed, we get incorrect indications of where new needs can be met.
I lost my virtual shirt on the futures market!!! (minus $2700, unwise to bet on a coin flip, much better when you have the possibility to influence the outcome). Its a pity we do not have more categories to trade on, but the overall idea is great. Apparently the predictions market is more accurate than individual experts, only twelve people are required to make a reasonably accurate prediction.
Session three: The process of innovation was discussed
Well, I am glad to be away from Shanghai and in Hong Kong. That Mongolian Dust (otherwise known as heavy pollution) took out a few members of the class in Jinan. But most appear to be well on the path to recovery. Hong Kong is a cool city, I like....I like....
The trip to Jinan was fun and the karaoke was excellent craic,.....some dodgy song selections by neffsky but good music and a lot of fun.
The first session of technology innovation was enjoyable. The prices of the commodity products were ridiculously low, and could be multiplied by a factor of 5 to 10 in Switzerland or Ireland. The point was made that the commodities market is tough and margins are low. Groupthink was interesting but maybe the point could be made that in , larger groups there may be an element of social pressure and unwillingness to be different. Obviously the processes that lead to innovation are important and must be done correctly. If the market research is poor and the results are skewed, we get incorrect indications of where new needs can be met.
I lost my virtual shirt on the futures market!!! (minus $2700, unwise to bet on a coin flip, much better when you have the possibility to influence the outcome). Its a pity we do not have more categories to trade on, but the overall idea is great. Apparently the predictions market is more accurate than individual experts, only twelve people are required to make a reasonably accurate prediction.
Session three: The process of innovation was discussed
- there is the new product that is not on the marketplace already. some new service or product is brought out that satisfies some kind of need that was not being satisfied before. This is disruptive to the competition and create a new market that was not there before.
- There is a continuous innovation process, like the porche example where a product is improved on an ongoing basis, but is regarded as not true innovation.
Wednesday, March 5, 2008
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