"money" entries

Four short links: 25 December 2015

Four short links: 25 December 2015

Bad Data, Breakout Startups, Drone Economics, and Graph Signs

  1. Bad Data Guide (Quartz) — An exhaustive reference to problems seen in real-world data along with suggestions on how to resolve them.
  2. Breakout List — companies where all the action is happening. Read alongside Startup L Jackson’s “How to Get Rich in Tech, Guaranteed.”
  3. The Economics of Drone DeliveryThe analysis is still mostly speculative. Keeney imagines that 6,000 operators who earn $50,000 per year will operate 30,000 to 40,000 drones. Each drone will make 30 deliveries per day. Her analysis ignores depreciation and questions like: ‘How will drones avoid airplanes and deliver packages in Manhattan?’ And there’s another core issue: $12.92 is the price UPS charges to consumers, but its actual marginal cost of delivering one more package along a route they are delivering to already is probably closer to $2. When push comes to shove, will drones be able to compete? (via Chris Anderson)
  4. 7 Ways Your Data is Telling You It’s a GraphNetwork, tree, taxonomy, ancestry, structure – if people are using those words to talk about an organizational chart or reporting structure, they’re telling you that data and the relationships between that data are important.
Comment
Four short links: 9 December 2015

Four short links: 9 December 2015

Graph Book, Data APIs, Mobile Commerce Numbers, and Phone Labs

  1. Networks, Crowds, and Markets — network theory (graph analysis), small worlds, network effects, power laws, markets, voting, property rights, and more. A book that came out of a Cornell course by ACM-lauded Jon Kleinberg.
  2. Qua framework for building data APIs. From a government department, no less. (via Nelson Minar)
  3. Three Most Common M-Commerce Questions Answered (Facebook) — When we examined basket sizes on an m-site versus an app, we found people spend 43 cents in app to every $1 spent on m-site. (via Alex Dong)
  4. Phonelabs — science labs with mobile phones. All open sourced for maximum spread.
Comments: 2
Four short links: 6 November 2015

Four short links: 6 November 2015

Media Money, Linux Security, TPP and Source, and Robot Chefs

  1. Grantland and the Surprising Future of Publishing (Ben Thompson) — writing is good for reach, podcasts and video good for advertising $. The combination is powerful.
  2. Security and the Linux Kernel (WaPo) — the question is not “can the WaPo write intelligently about the Linux kernel and security?” (answer, by the way, is “yes”) but rather “why is the WaPo writing about Linux kernel and security?” Ladies and gentlemen, start your conspiracy engines.
  3. TPP Might Prevent Governments from Auditing Source Code (Wired) — Article 14.17 of proposal, published at last today after years of secret negotiations, says: “No Party shall require the transfer of, or access to, source code of software owned by a person of another Party, as a condition for the import, distribution, sale or use of such software, or of products containing such software, in its territory.” The proposal includes an exception for critical infrastructure, but it’s not clear whether software involved in life or death situations, such as cars, airplanes, or medical devices would be included. One of many “what the heck does this mean for us?” analyses coming out. I’m waiting a few days until the analyses shake out before I get anything in a tangle.
  4. Innit Future Kitchen — robots that cook. Is nothing sacred for these steely-hearted bastards?!
Comment: 1
Four short links: 29 September 2015

Four short links: 29 September 2015

Indie VC, Robotics Acquisitions, Music Money, and USG Web Standards

  1. My xoxo Talk (Bryce Roberts) — about indie.vc and the experience of trying something good in the investment world. You won’t believe what happened next …
  2. 10 More Robotics Companies Acquired (Robohub) — companies of all types and sizes are finding strategic reasons to acquire robotic ventures to add to their arsenal of products and services because they don’t want to be left behind.
  3. The Past, Present, and Future of the Music Biz — you might not agree with the conclusions, but the numbers are horrifying^W edifying. The U.S. concert industry has nearly tripled since 1999 (when recorded music sales peaked). Yet, what’s typically overlooked by this narrative is that the vast majority of this growth – 83% to be exact – has gone to non-Top 100 touring artists. In 2000, the Top 100 tours (which included ‘NSYNC, Metallica and Snoop Dogg & Dr. Dre) collected nearly 90% of annual concert revenues. Today, that share has fallen to only 44%.
  4. U.S. Web Design Standards — U.S. Digital Service and 18F put together a reusable component library and style guide for U.S. Government apps.
Comment: 1
Four short links: 13 August 2015

Four short links: 13 August 2015

Learning Style, Artisinal Cash, Docs at Scale, and Homophily Research

  1. Elements of Style: Learning Perceptual Shape Style Similarity — code and data for research that helps perceive stylistic similarity between objects that transcends structure and function. For example, we can see a common style such as “Danish modern” in both a table and chair, though they have different structures. Until now, machines have found it difficult to do the same. (That quote cribbed from the phys.org writeup) Our new AI overlords may be cruel and heartless, but they’ll be able to tell Danish Modern from Shaker.
  2. The Advent of Artisinal Cash (NY Times) — details the rise of local physical currency around the world. Nonetheless, the use of traditional paper money is clearly on the wane. Perhaps these smaller, more attractive artisanal paper notes are merely last bursts of glory before it disappears entirely. Though as Mr. Deller, the artist behind the latest Brixton pound, said, “As long as there are drug deals and criminality, there’ll be a need for cash.”
  3. Documentation at Scale1. Acknowledge that brute force doesn’t work; 2. Make documentation a first class citizen; 3. Make documentation executable; 4. Track the intent.
  4. Exposure to Ideologically Diverse Information on Facebook (Facebook Research) — Friends shared substantially less cross-cutting news from sources aligned with an opposing ideology. People encountered roughly 15% less cross-cutting content in news feeds due to algorithmic ranking and clicked through to 70% less of this cross-cutting content. Within the domain of political news encountered in social media, selective exposure appears to drive attention.
Comment
Four short links: 16 June 2015

Four short links: 16 June 2015

Accessibility Testing, Time-Series Graphing, NO BUBBLE TO SEE HERE, and Technical Documentation

  1. axe — accessibility testing of web apps, so you can integrate accessibility testing into your continuous EVERYTHING pipeline.
  2. metrics-graphics — Mozilla Javascript library optimized for visualizing and laying out time-series data.
  3. US Tech Funding: What’s Going On? (A16Z) — deck eloquently arguing that this is no bubble.
  4. Teach Don’t Tellwhat I think good documentation is and how I think you should go about writing it. Sample common sense: This is obvious when you’re working face-to-face with someone. When you tell them how to play a C major chord on the guitar and they only produce a strangled squeak, it’s clear that you need to slow down and talk about how to press down on the strings properly. As programmers, we almost never get this kind of feedback about our documentation. We don’t see that the person on the other end of the wire is hopelessly confused and blundering around because they’re missing something we thought was obvious (but wasn’t). Teaching someone in person helps you learn to anticipate this, which will pay off (for your users) when you’re writing documentation.
Comment

Filing cabinets, GAAP, and the accountant’s dilemma

The inability to take advantage of digital technology is as big a threat to financial organizations as any fintech startup.

Learn more about Next:Money, O’Reilly’s conference focused on the fundamental transformation taking place in the finance industry.

Burroughs_adding_machineThere’s plenty of news about the fintech, or financial technology, sector these days. Hundreds of nimble startups are disaggregating the age-old financial systems on which every transaction has relied for decades. There’s little doubt that this will continue — after all, more than four billion humans have a mobile phone, and 1.3 billion know how to use a Facebook feed, but only a billion are what we’d consider “normally banked.” Something’s got to give, and software is eating traditional financial systems one bite at a time.

But the existing financial industry isn’t just under threat from outside. Many of the processes and institutions of finance have been around for centuries, and their processes are tied to physical systems rather than digital ones. As a result, they’re unable to take advantage of digital innovations easily and remain competitive. Read more…

Comment

9.3 trillion reasons fintech could change the developing world

Modern fintech is going to create formal, standard records about economies where none existed before.

OldDesignShop_1907CatalogueCover_crop2

Learn more about Next:Money, O’Reilly’s conference focused on the fundamental transformation taking place in the finance industry.

A relatively commonplace occurrence — credit card fraud — made me reconsider the long-term impact of financial technology outside the Western world. I’ll get to it, but first, we need to talk about developing economies.

I’m halfway through Hernand de Soto’s The Mystery of Capital on the advice of the WSJ’s Michael Casey. Its core argument is that capitalism succeeds in the Western world and fails everywhere else because in the West, property can be turned into capital (you can mortgage a house and use that money to do something). The book uses the analogy of a hydroelectric dam as a means of unlocking the hidden, potential value of the lake.

But in much of the world, it is unclear who owns what, and as a result, the value of assets can’t be put to work in markets. In the West, we take concepts like title and lien and identity for granted; yet, these systems are relatively new and don’t exist around the world. As de Soto noted in his book, in the Soviet Union, unofficial economic activity rose from 12% in 1989 to 37% in 1994. Read more…

Comment

Here’s why finance is about to be disrupted

O'Reilly's Next:Money event helps business leaders understand the fundamental shifts reshaping finance.

factsand

Learn more about Next:Money, O’Reilly’s conference focused on the fundamental transformation taking place in the finance industry.

Editor’s note: We’re approaching an inflection point in all things “money” — currency, transactions, markets, and capitalism itself. Fundamental changes in the financial industry, driven by technology but with implications for every business and government, are beginning to manifest, bringing both disruption and opportunity. We created O’Reilly’s new conference, Next:Money to help business leaders understand and act on this shift. Below, investor and entrepreneur Paul Kedrosky lays out the forces and patterns that are reshaping the financial industry.


Finance has the three main characteristics of an industry likely to be transformed by technology:

  1. It traffics in bits, not atoms.
  2. Its services are often delivered remotely.
  3. There is little need for human contact.

Unlike other sectors with these characteristics — e.g., media, advertising, and travel services — finance hasn’t been disrupted. Despite huge technological change and a series of financial crises, the league table of the largest financial firms today, both in the U.S. and around the world, remains much the same as it has always been.

Granted, the $1.2-trillion U.S. financial services industry isn’t homogenous. Its main components — banks, brokers, asset managers, markets, payment networks, insurers, and credit card companies — are very different, and have seen widely varying degrees of technology-induced change. In no sense, however, is this industry as transformed by new companies and new business models as one would expect, given its disruption-ready characteristics.

So, why haven’t entrepreneurs transformed finance? There are (at least) five reasons: Read more…

Comments: 4
Four short links: 6 March 2015

Four short links: 6 March 2015

Design Fiction, 3D License, Web Funding, and API Magic

  1. Matt Jones: Practical Design Fiction (Vimeo) — the log scale of experience! Fantastic hour-long recap of the BERG thinking that he’s continued at the Google Creative Lab in NYC. (via Matt Jones)
  2. 3dPL — public license for 3d objects. (via BoingBoing)
  3. Google Contributor — when the web’s biggest advertiser tries alternative ways to fund web content, I’m interested.
  4. Templaran HTTP proxy that provides advanced features to help you make better use of and tame HTTP APIs. Timeouts, caching, metrics, request collapsing, …
Comment