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 company doubles its data every
year but us humans have not doubled our cognitive and critical thinking
capacities at the same rate, nor have we learned to type, text, write, or
tweet exponential paces either. The data wave is above our head and we
can barely breathe.
We are admittedly fas... (more)
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, wi... (more)
Technology startup lettrs (http://www.lettrs.com) today announced the launch
of its innovative "cloud letter" platform that revives and reinvents personal
letters by making them social ... again.
Fusing social media technologies and cloud computing with old-fashioned
letter writing, lettrs revives personal correspondence by making letters
accessible across a range of mobile and social platforms.
Through the lettrs platform, users can:
Create and deliver letters via the cloud as a personal "post office" Upload
and preserve handwritten personal letters in a user's "shoebox" Display ... (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)
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)