Innovative Asian companies using customers' data for their benefit

Consumers are willing to share data and information if the companies use it to make life better for them.

See how some of the Asian companies use customers’ data & artificial intelligence to provide unique value. Adopted from the Digital Data-dominance in Asia

Neat is a Hong Kong startup which uses artificial intelligence to categorize purchases and identifies spending habits. Most importantly, it tells how much a user can spend during a day/week/month to stay within budget.

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Autonomania - Latest report from TrendWatching

TrendWatching presented these five trends in their latest report: AUTONOMANIA:

AUTONOMY > MONOTONY

Consumers will embrace the brands that free them up from tedious tasks and allow them to focus on what matters.

If you want to improve consumers’ lives and find your way to their hearts, hunt out tedium and eliminate it.

AI DESIGNED

Creativity, humankind’s proudest trait, is being automated.

Recognition is an artificial intelligence program that won a contest held by UK gallery the Tate and Microsoft. It matches photos of current events with comparable artworks from the gallery’s extensive collection.

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Tech & Media Outlook 2017

Michael Wolf’s 177 slides about Tech & Media Outlook 2017 are full of trends, stats & insightful charts.

Some of my take-aways are listed below.

Mobile apps & social media

  • Pay-to-download is disappearing, being replaced with subscription payments (slide #16)
  • A handful of digital platforms have become the Discovery Oligopoly, controlling each stage of the customer jurney (slide #23)
  • Social has overtaken search as the primary vehicle for digital discovery (slide #25)
  • Mobile website traffic increasingly exceeds direct app traffic (slide #28)
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State of the machine intelligence

Found 2 very interesting articles about the machine learning:

Deep learning is going to hit a brick wall.

We need some other type of innovation to jump over that brick wall standing in our way. Much like the answer to traveling isn’t hotels but AirBnB, and for transportation isn’t your own car but an Uber, the answer to Level 5 autonomous driving will not be mathematical, but biological.

Shivon Zillis elaborates in her outstanding collection of articles The Current State of Machine Intelligence 2.0 on how the machine intelligence technologies will transform the business world. From health-care, through agriculture, to financial services… very interesting reading, check it out!

Personal lessons from the product world

What product development teaches us about self-improvement?

  • Rely on user feedback: listen to feedback from those around us (co-workers, friends, family) to identify areas for self-improvement.
  • Set deadlines: set your own deadlines for self-improvement. Goal setting is a crucial element in both product and personal improvement.
  • Identify unique differentiators: identify what no one else in your company is doing and then build the skills and expertise to help your company succeed in that area.
  • Go agile - take small steps toward your goal, one after the other, to ensure that you will get there eventually.

Highlights from John Maxwell's book - How Successful People Grow

I just finished reading How Successful People Grow from John Maxwell.

It was a quick read with several good & deep thoughts. In short, these are the topics covered & take-aways:

  1. Become an Intentional Learner: Growth Doesn’t Just Happen
  2. Develop Self-Awareness: You Must Know Yourself to Grow Yourself
  3. Believe in Yourself: You Must See Value in Yourself to Add Value to Yourself
  4. Set Aside Time to Reflect: Learning to Pause Allows Growth to Catch Up with You
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The future of betterment

The standing desk, the 5:2 diet, mindfulness, self-tracking, paleo meal plans… There’s a constant stream of new apps, connected devices, meditation guides etc. TrendWatching.com identified the following six trends shaping the evolution of health & wellness in 2016:

1. Ambient wellness

Customers are expecting companies to embed innovative health-boosting technologies into the environment around them.

Fewer than 3% of Americans meet the basic criteria for a healthy lifestyle, which include regular exercise and not smoking. (Mayo Clinic, March 2016)

Philipps’ lamps in EnergyUp cafes boost energy levels by mimicking natural daylight.

Headspace created Meditation Pods which can be placed in outside areas. Great for meditation!

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Review of Gartner's Top 10 Technology Trends for 2016

Gartner published recently the Top 10 Technology Trends for 2016. Here’s a digest of the interesting ones

The Device Mesh

There’s a shift from desktop, laptop and smart phone to wearable devices, augmented and eventually virtual reality.

3D-Printing Materials

Recent advances make it possible to mix multiple materials together with traditional 3D printing in one build. This could be useful for field operations or repairs when a specific tool is required and printed on demand.

Information of Everything

Everything surrounding us in is producing, using and communicating with virtually unmeasurable amounts of information.

Advanced Machine Learning

Advanced machine learning is what makes smart machines appear “intelligent” by enabling them to both understand concepts in the environment, and also to learn.

Autonomous Agents and Things

Advanced machine learning gives rise to a spectrum of smart machine implementations — including robots, autonomous vehicles, virtual personal assistants (VPAs) and smart advisors — that act in an autonomous manner.

Adaptive Security Architecture

The complexities of digital business and the algorithmic economy, combined with an emerging “hacker industry,” significantly increase the threat surface for an organization.

Advanced System Architecture

The smart machines require intense computing architecture demands to make them viable for organizations. They’ll get this added boost from ultra-efficient architectures.

Internet of Things Architecture and Platforms

IoT platforms exist behind the mesh app and service architecture. The technologies and standards in the IoT platform form a base set of capabilities for communicating, controlling, managing and securing endpoints in the IoT. The platforms aggregate data from endpoints behind the scenes from an architectural and a technology standpoint to make the IoT a reality.