cheap_revolution   25

The Science of Serendipity
Q3 · 2011 | Think Quarterly by Google | WORDS BY Dave Allan, Matt Kingdon. The co-founders of ?WhatIf!, the world’s largest independent innovation company, explain how.

The best innovation leaders are good at asking questions that help make an idea real: what does it weigh? Can I put it in my pocket? What will be the consumer’s experience? What will they stop buying when they switch to our product?

One client of ours wanted to cut the time and expense of launching a new restaurant. They had budgeted $3m and several months. We took $150,000 and in three days had a pop-up restaurant running. We made plenty of mistakes, but we made them fast and cheap and we learned things that saved our client time and money.
innovation  serendipity  pop-ups  buyer_choice_rejection  restaurants  customer_experience  product_development  cheap_revolution  product_launches  questions  Michael_McDerment 
april 2013 by jerryking
The Superball Economy - WSJ.com
March 3, 2003 | WSJ | By ANDY KESSLER.

Design is cheaper. If you look closely, Silicon Valley has very few manufacturers left. Chips are made in Taiwan, boards assembled in China or Thailand. We are now a Valley of designers. And there are lots of programmers and chip-heads and communications protocol folks walking the streets willing to work for much cheaper than three years ago. Office space is plentiful. Word has it there is space available for 50 cents per square foot per month, down from $12.

Bandwidth is cheaper. Global Crossing spent $12 billion on undersea fiber optics that someone is going to buy for $250 million. WorldCom and others have strung the U.S. with more fiber than in Frosted Mini-Wheats. And it won't be just for phone calls. Find companies that use that cheap bandwidth, and you'll find the boom.

Video is cheaper. Napster music sharing was child's play compared to what is next. Hours of video can be captured, stored and shared with today's cheap PCs and broadband lines. Jack Valenti, call your office.

Wireless data is cheaper. The Federal Communications Commission set aside frequencies for hospitals and microwave ovens that might interfere with phones or radar. This Industrial, Scientific and Medical block of spectrum is known as the junk band. While stupid telecom companies overbid for spectrum for third generation 3G cell phone devices, clever engineers figured out how to hop around the junk band -- letting out-of-work programmers surf job listings at Starbucks. Intel is putting these radios in many of their chips.

Distributed computing is cheaper. Google uses 12,000 cheap PCs to log the Internet so you can look up your neighbor and figure out how much she makes. Even distributed programming is cheaper. Microsoft's biggest problem is far-flung programmers creating operating systems like Linux at home in their pajamas. Bill Gates is reportedly all over the Valley asking for help to combat this "Open Source" nuisance.

About the only thing not cheap is capital. Venture capitalists are stingy, the IPO window is closed, and stocks are at four-year lows. Hmmm. Forget that last boom, it's ancient history. Look for new products not possible or too expensive three years ago. Slam down your new Superballs and be ready.
Andy_Kessler  Silicon_Valley  economic_downturn  protocols  recessions  optimism  design  bandwidth  open_source  new_products  distributed_computing  venture_capital  IPOs  inexpensive  cheap_revolution  abundance  economic_dynamism  leaps_of_faith  FCC  overpaid  wireless_spectrum 
may 2012 by jerryking
Average Is Over - NYTimes.com
By THOMAS L. FRIEDMAN
Published: January 24, 2012
the reason we have such stubbornly high unemployment and sagging middle-class incomes today is largely because of the big drop in demand because of the Great Recession, but it is also because of the quantum advances in both globalization and the information technology revolution, which are more rapidly than ever replacing labor with machines or foreign workers.

In the past, workers with average skills, doing an average job, could earn an average lifestyle. But, today, average is officially over. Being average just won’t earn you what it used to. It can’t when so many more employers have so much more access to so much more above average cheap foreign labor, cheap robotics, cheap software, cheap automation and cheap genius. Therefore, everyone needs to find their extra — their unique value contribution that makes them stand out in whatever is their field of employment. Average is over.
averages  Tom_Friedman  unemployment  middle_class  globalization  automation  value_propositions  economic_stagnation  Tyler_Cowen  the_Great_Decoupling  Pablo_Picasso  cheap_revolution 
january 2012 by jerryking
For Start-Ups, Sorting the Data Cloud Is the Next Big Thing - NYTimes.com
By MALIA WOLLAN
Published: December 25, 2011

Splunk, a San Francisco-based start-up whose software indexes vast quantities of machine-generated data into searchable links. Companies search those links, as one searches Google, to analyze customer behavior in real time....Splunk is among a crop of enterprise software start-up companies that analyze big data and are establishing themselves in territory long controlled by giant business-technology vendors like Oracle and I.B.M....“Big software is sold on the golf course, not sold to the people who actually use it,”
massive_data_sets  cloud_computing  start_ups  unstructured_data  sorting  Industrial_Internet  Splunk  data_driven  data_mining  cheap_revolution 
december 2011 by jerryking
Big business for big data
21 September 2010 | O'Reilly Radar | by Alistair Croll. What
IBM's acquisition of Netezza means for enterprises. With the
acquisition, it seems like big data is also big business. Companies are
using their data assets to aim their products and services with
increasing precision. And there's more and more data to chew on. Not a
website goes by without a Like, Check In, or Retweet button on it.

It's not just the marketers that are throwing petabytes of information
at problems. Scientists, intelligence analysts, governments,
meteorologists, air traffic controllers, architects, civil
engineers-nearly every industry or profession is touched by the era of
big data. Add to that the fact that the democratization of IT has made
everyone a (sort of) data expert, familiar with searches and queries,
and we're seeing a huge burst of interest in big data.
large_companies  massive_data_sets  Enterprise_2.0  data  analytics  IBM  IT  mergers_&_acquisitions  digital_economy  cheap_revolution 
may 2011 by jerryking
Entrepreneurs Who Launched Companies for Under $150 - WSJ.com
AUGUST 16, 2010 | | By COLLEEN DEBAISE, SARAH E. NEEDLEMAN and EMILY MALTBY. Start-Ups on a Shoestring
The tales of three entrepreneurs who launched companies—for less than $150
entrepreneurship  entrepreneur  advice  start_ups  cheap_revolution  Sarah_E._Needleman 
august 2010 by jerryking
Vidyo: Videoconferencing's Best Hope?
August 5, 2010 | BusinessWeek | By Peter Burrows. A New
Jersey startup gets pricey and basic systems communicating—and could be
videoconferencing's ticket to the mainstream.
videoconferencing  start_ups  New_Jersey  HP  Cisco  Vidyo  telepresence  cheap_revolution 
august 2010 by jerryking
Grove Backs an Engineer’s Approach to Medicine
May 17, 2010 | Bits Blog - NYTimes.com | by ANDREW POLLACK.
Mr. Grove has pledged $1.5 million so that the University of California
campuses in San Francisco and Berkeley can start a joint master’s degree
program aimed at so-called translational medicine — the process of
turning biological discoveries into drugs and medical devices that can
help patients.

The idea is to expose students to both the engineering prowess of
Berkeley and the medical research of San Francisco to train a new breed
of medical innovator. “What we have learned from decades of rapid
development of information technology is that the key is relentless
focus on ‘better, faster, cheaper’ — in everything,’’ Mr. Grove said in a
statement. “The best results are achieved through the cooperative
efforts of different disciplines, all aimed at the same objective.”
Andy_Grove  medical  innovation  cheap_revolution  interdisciplinary  medicine  engineering  medical_devices 
may 2010 by jerryking
In the Hunt - Finding the Path to Success by Changing Directions - NYTimes.com
By BRENT BOWERS
Published: September 9, 2009

Andrew Zacharakis, a professor of entrepreneurship at Babson College
outside Boston, said Scale Computing’s owners followed a classic
entrepreneurial path of shifting gears as necessary to seize real, as
opposed to perceived, opportunities.
entrepreneur  Sequoia  serendipity  serial_entrepreneur  pivots  data_storage  cheap_revolution  massive_data_sets 
december 2009 by jerryking
India's Next Global Export: Innovation
Dec. 2, 2009 | BusinessWeek | By Reena Jana. A Hindi slang
word, jugaad (pronounced "joo-gaardh") translates to an improvisational
style of innovation driven by scarce resources and attention to a
customer's immediate needs, not their lifestyle wants. It captures how
Tata Group, Infosys, and other Indian corporations have gained
international stature. The term seems likely to enter the lexicon of
mgmt. consultants, mingling with Six Sigma, total quality, lean, and
kaizen, the Japanese term for continuous improvement. Like previous
mgmt. concepts, Indian-style innovation could be a fad. Moreover,
because jugaad essentially means inexpensive invention on the fly, it
can imply cutting corners, disregarding safety, or providing shoddy
service. "Jugaad means 'Somehow, get it done,' even if it involves
corruption," cautions M.S. Krishnan, a Ross b- school professor.
"Companies have to be careful. They have to pursue jugaad with
regulations and ethics in mind." Trickle-up innovation.
trickle-up  India  globalization  innovation  cheap_revolution  Tata  reverse_innovation  Bottom_of_the_Pyramid  jugaad  improvisation  inexpensive  Indians 
december 2009 by jerryking
Austin's affordable hardware helps its shopkeepers take on Manhattan
28-Sep-2005 | Financial Times | By Dan Roberts. Online article title "Austin's affordable hardware helps it take on New York".
affordability  Austin  Texas  Whole_Foods  cheap_revolution  traceability  tracking  small_business  start_ups  databases 
october 2009 by jerryking
Cheap Revolution is here! It may kill tech giants
September 13, 2006 | Forbes | by Daniel Lyons. The "Cheap
Revolution" describes the wholesale shift by corporate customers and
techmakers to cheap, off-the-shelf chips and open-source (often free)
software such as Linux, the embrace of simplicity, the unlocking of
prodigious new power and the cutting of tech costs by up to 90%. The
revolution threatens the Silicon Valley plutocracy: the proprietary
gear, "closed" software, redundant backup systems and fat profit margins
of incumbents like Microsoft, IBM, Oracle, Cisco, EMC and other
blue-chip nameplates.
cheap_revolution  SaaS  open_source  blue-chips 
october 2009 by jerryking
When work quits before you do
October 17, 2009 | Globe & Mail | by Margaret Wente. "But
now, the aging creative class has more in common with laid-off
manufacturing workers than you might think. The recession has bashed
them hard. Their age is working against them. And seismic shifts in
technology and the marketplace have made their skills and experience
increasingly irrelevant."
baby_boomers  self-employment  creative_economy  creative_class  economic_downturn  cheap_revolution  seismic_shifts 
october 2009 by jerryking
The Good Enough Revolution: When Cheap and Simple Is Just Fine
08.24.09 | WIRED | By Robert Capps. The world has sped up,
become more connected and a whole lot busier. As a result, what
consumers want from the products and services they buy is fundamentally
changing. We now favor flexibility over high fidelity, convenience over
features, quick and dirty over slow and polished. Having it here and now
is more important than having it perfect. These changes run so deep and
wide, they're actually altering what we mean when we describe a product
as "high-quality."

And it's happening everywhere. As more sectors connect to the digital
world, from medicine to the military, they too are seeing the rise of
Good Enough tools
cheap_revolution  Clayton_Christensen  disruption  business_models  good_enough  high-quality 
october 2009 by jerryking
Who's Going to Fund the Next Steve Jobs? - WSJ.com
JULY 18, 2008 WSJ op-ed by JAMES FREEMAN arguing that Sarbox and Spitzerism are stiffling American innovation.
entrepreneurship  innovation  entrepreneur  cheap_revolution  SOX  overregulation  start_ups  Steve_Jobs 
february 2009 by jerryking

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