Since the very beginnings of trade and commerce, it has been a commonality
that most information exchange between buyer and seller, customer and
business, was treated as a discrete, confidential, and almost intimate
affair. Trust was earned, not given.
Consider the not so distant history of the local American bank. Banks have
been collecting personal information about their customers for decades,
harkening back to consultations over a notepad, paper deposit slips, and
hand-written applications. The reputations of applicant and banker, buyer and
seller, were local reputations, with personal and professional references
limited to the confines of the community and the reality of proximity.
Banks large and small managed piecemeal, disconnected snapshots of personal
information in random, unstructured, and ultimately inefficient processes
that took place without fanfare... (more)
In 2009 I attended an event with the World Economic Forum on the future of
the Internet, both from an economic and technical perspective. Over the last
12 months two trends are becoming even more apparent: (1) the Internet will
require more innovative forms of risk hedging beyond just security, and new
concepts like CloudInsure will emerge for businesses depending irreversibly
on digital technologies. And (2), the cost and complexity of Internet
technology will be massively transformed downward by this little known
technology advancement called APIs (application programming inter... (more)
Augmented reality (AR) is coming, not for flash or fashion (sorry Google
Glass), but because of the overload of big data bombarding the human mind, in
work and in our lives.
We are about to reach a tipping point in the evolution of information
technology, sparked by the intersection of big data and the natural capacity
of the human mind and body to think, and accomplish our life's tasks.
Since 1995, data is being produced, processed, and aggregated at such volumes
that we are now reaching diminishing returns in our worker's ability to
actually do something with it. The average c... (more)
In 2010 Delyn Simons, formerly the head of eBay's highly successful developer
program stated, "Behind every good app is an API."
In 2012, the projection is that "behind every successful app there will be a
number of APIs that power it." Apps are becoming big business, with more than
250 million app downloads on Christmas day alone and a record number of
Android, iPad, and iPhone sales during the holidays. The world has been
mobile for a decade, but now the mobile world is so omnipresent and dynamic
that it is altering business and culture at impressive rates.
With the explosion o... (more)
Financial Risks Patterns in Cyber Space
Every aggregation industry in the world involves risk transfer and
substantial (in the billions) insurance markets for catastrophic financial or
legal events - except for cloud computing. Traditional industries that
leverage insurance markets range from banking to property to energy to
transportation- yes, even rental cars. However the cloud computing industry
is an emerging aggregator industry with enormous promise and equally large
unseen risks. Prediction: a massive risk transfer market for cloud-computing
will soon take hold through the... (more)