William Mougayar’s new book The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology provides a blueprint overview that compliments Tapscott’s Blockchain Revolution previously reviewed. Mougayar is able to specifically touch on the Blockchain’s architecture. Tapscott painted with a wide brush addressing everything possible with the Blockchain’s decentralized trust solution.
Mougayar moves slightly forward addressing v 3.0 aimed at audiences wider than banking. A key view is that Blockchain will not just be for the enterprise. This will create a new crypto economy. It will be interesting to watch this grow. Care to take a live look? Here is the blockchain.info site.
He views the blockchain will revolutionize the roles of existing financial intermediaries including PayPal. Blockchains will force change upon them. They can adapt or die like the dinosaurs. Blockchains will disrupt oldschool, imperial organizations as the trust boundary shifts value away from them after hundreds of years.
Banks are clearly the key target of the blockchain infrastructure. To no surprise even the Federal Reserve has been given a blockchain briefing in June. The focus byMougayar beyond another blockchain overview is a breakdown of trust, obstacles and challenges to the Blockchain technology. The issue is much stronger in the financial services marketplace as Wall Street and international banks are now testing blockchains. He touches briefly implementing Blockchain technologies and closes by pushing the message of decentralization as a key in moving forward.
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Have been looking forward to Tom Davenport’s Keeping Up with the Quants: Your Guide to Understanding and Using Analytics for longer than I care to admit. I throughly enjoyed his book Competing on Analytics all the way back in 2008. His followup Big Data@Work provides the same scope for business regarding the emerging era of Big Data.
Tom has truly mastered the role of business analytics for well over two decades. He is acknowledged as revealing the path of metrics and just as important how success can be defined by adopting a mindset of analytics over intuition. It should be no surprise that I am a big fan of Tom Davenport.
Seems like a lifetime ago in the competitive and fast changing world of analytics. Quantitative analysis with a side of regression is not a diner order but a key skill to identify patterns in data.
An easy read with great common sense approaches for leaders to understand and professionals to embrace it proves not only how business gains insights but how to defend Kobe Bryant.
On the heels of reading Nate Silver’s bestseller The Signal and the Noise, Davenport reveals how quants have not only broken down NBA basketball defensive measures to each quarter when playing Bryant and the Lakers but how to guard him in a last possession game scenario.
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Superforecasting: The Art and Science of Prediction by Wharton’s Philip Tetlock and Dan Gardner is another great read addressing analytics, human behavior and analytic technologies for establishing and sharpening forecasting abilities for any organization.
The book title is a wonderful attention grabber for me that demonstrates we live in the era of big data with business driving the age of immediacy.
Superforecasting acknowledges data lessons supplied by Nate Silver’s The Signal and the Noise as helping to define standards to data and how it misled the national media.
Yet just into the second chapter Tetlock and Gardner point to the research by Daniel Kahneman excellent work Thinking Fast and Slow to help determine behaviors shaped over time that have fundamentally changed how we predict success.
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Makers: The New Industrial Revolution is the best book hi-lighting the impact Makers have established over the last five years. The Maker movement is growing due to the collision of powerful digital tools, the internet of things and cost effective manufacturing. As a child I always wished for these advanced tools to bring to life my ideas, inventions and the toys my childhood friends would talk about and dream about making.
My ideas for creating art was always apart of my Saturday art classes at the Toledo Museum of Art. The drawings I kept of my inventions have all but disappeared.
This is where Makers: The New Industrial Revolution comes into focus for parents and educators today a generation later. What is making this possible? The industrial global supply chain has driven the cost of affordable powerful IoT including the new $5 Raspberry Pi Zero that will drive new innovations at incredibly efficient price points.
We should be careful at home because the world is embracing these technologies. Remember Anderson shares his belief that inventors and creative types are actually makers. Now this is happening on a truly global scale.
If the buzz of 3D printers and filament reels make your eyes glaze please remember that YouTube is the best example of Makers sharing their passion. Look at any dedicated YouTube channel – say woodworking- and you will find Makers creating and uploading passionate lessons regarding their craft. Look no further than Esty for a commercial success as a reseller of Maker’s crafts now listed on the New York Stock Exchange. Simply unheard of just 5 years ago.
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Change will not happen. Is it hard to believe six years ago I posted a note on this blog about receiving yet another worthless phonebook.
I asked not to receive a phonebook yet the 2015 tree killing arrived this week. Yet again I just tossed it into a recycling bin…unwrapped.
The emerging IoT developer community received a much anticipated jolt of news when Amazon finally announced new enterprise services dedicated to the AWS IoT cloud launch at their 2015 re:Invent conference.
This new AWS IoT cloud service will permit web based interfaces to manage IoT events from various devices: sensors, wearables, drones, and of course mobile tools and apps around an established AWS ecosystem.
The AWS IoT cloud emerges as Amazon’s long term platform following the SalesForce Thunder platform announced last month. Both vendors look to establish key IoT cloud solutions in the corporate enterprise space. They join Cisco’s IoT, Microsoft’s Azure IoT, Oracle’s Movintracks along side GE’s energy launch of Current IoT. The race is now on to process millions of data events from light bulbs to dishwashers and cars over the MQTT protocol and process those messages in their respective clouds.
Amazon is leveraging 11 services around their IoT Cloud strategy to include existing AWS services: Kinesis, Redshift, S3, SNS, SQS, ML, DynamoDB and Lambda. A key investment to this strategy was the recent acquisition of 2lemetry, a IoT enterprise company tuned for transforming raw data from IoT devices onto their ThingFabric platform.
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Tim Wu’s second book The Master Switch: The Rise and Fall of Information Empires is wonderful examination how American information empires were established and stifled innovation at the same time. This is my second book by Wu following his brilliant Who Controls the Internet.
Wu identifies long business cycles surrounding the birth of information systems. While they begin open over time they were consolidated and driven by the market to become closed.
We displays how they become open again following amazing innovations force a business change in order to survive in the new marketplace.
The Master Switch opens with the birth of the Bell AT&T telephone monopoly. This is a facinating story when held against the garage startups of Apple and Google.
There is an amazing look at how countries and cultures also view information empires differently. The case for Wu is the capitalist, independent market approach to radio vs the UK’s BBC dominated by the royal family.
The Master Switch reveals how four key markets actually hold government infrastructure: telecommunications, banking, energy and transportation. These four and their capitalist owners for generations established control over any citizen’s attempt at challenging their monopolies. The lesson Wu establishes is corporate control by closed technologies. Yet one cannot help but understand they magically protected the country from the devastating affects of revolution leading up to and more importantly the horrific aftermath of World War I that forever removed Paris as the hub for film entertainment.
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Kudos to Microsoft’s Cybersecurity briefing team for providing a great three day briefing on Greenfield and Red Forest solutions. With 24 pages of hand written notes but no swag from Ignite, Microsoft has provided a solid foundation to continue moving Azure cloud services forward for small or large corporate IT infrastructure.