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 of tablets and smartphones, the web browser is being
complemented (if not soon dominated) by the mobile browser, where consumers
and B2B users increasingly consume data via thumbs, index fingers and touch
screens. Most users will not be aware that what powers this data agility is
not microp... (more)
What do you get when you mash - for an entire weekend - the innovators of a
globally respected brand like American Express with companies like
Foursquare, Etsy, Mashery, Hyperpublic, NYC Open Data, Ordr.in, Constant
Contact, and General Assembly? You get innovation. What do you get when you
add roughly 100 freelance developers to the mix, spinning up new data and
application concepts in amazingly social, self-organizing teams? You get the
business of innovation. And that is why American Express OPEN Forum launched
its first Open APIs at the "Reinventlocal" Hackathon this past wee... (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)
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)