Sunday, May 5, 2013

Great business idea #2

How about somebody starts caring about voice recognition of freak languages?

Google starts betting heavily on voice recognition; unfortunately, anything built on that will be completely irrelevant to Switzerland. My native language is one of the ~10 distinct Swiss German dialects. Sure, I can switch to proper German or English, but as a customer I'm alienated by having to do this.
As most of the world will be online 10 years from now, people's languages and dialects should be taken more seriously. There are some huge opportunities there for companies that get it right.   

Great business idea #1

How about somebody connects your home to the cloud and makes it smart?

I know that e.g. Philips is starting to do it with light bulbs, and there are probably a few smallish companies that do it with other appliances, too. But in my opinion the success of such a project rests on how ubiquitous, reliable and trustworthy that provider is. I feel like it's time for some major provider of cloud services to jump on this.

What for?

  • Imagine that you could regulate the heating from your smartphone (saving energy when nobody's home and predicting the time of arrival at home and turning up the heating beforehand). 
  • Imagine that your fridge would know what products it contains, generate shopping lists for you and remind you that you still need to buy some fresh bread for the weekend.
  • Imagine that lights turn off and on automatically based on your smartphone location.
  • Imagine your plumbing / electrical wiring / ... had sensors and was able to tell you the cause of problems.
  • Imagine you could place a moisture sensor into your plant pots and get automatic instructions on when to water your plants.

Governments and technology

Started to read a book called 'The New Digital Age'. It examines how technology will continue to fundamentally impact people's lives and work across the globe.

So what will or should governments do in the future? What is their purpose, their mission? My take:

1.
Governments define and enforce the law, which is a set of boundary conditions on what individuals (people or companies) can do and what they can't. Everyone needs to adhere to the law.

2.
In capitalism, anything that is created is driven by individual actions at the very end. By anything I mean products, knowledge, innovation, wealth, moral values, or cultural achievements. It is true that some things are the result of a collective movement (a product consists of thousands of parts; a music festival would be dead without any spectators; a religion would be irrelevant without followers), but they are always spearheaded by individuals (a CEO or product manager; a band member or the festival organizer; a preacher).
I find that there's nothing wrong with that, as long as there is somebody that examines the collective effects of these creations and takes action to mitigate the effects if they are undesired. Such action can be a law that forbids individuals certain actions or restricts the ways in which they are carried out, or a policy that creates mere incentives for individuals to act in one way but not another. That's the role of the government.

3.
Capitalism relies on markets. "Markets" are anything where supply meets demand: think of your grocery store, financial markets, idea markets like TV channels or the internet. Governments need to administer these places, as they cannot be administered by the individual participants.
Governments don't create, they administer.

4.
There are certain areas where reliance on the creations of individuals is inappropriate. I'm thinking of defense, environmental protection, and of course (most important of all) social welfare in the sense of equalizing incomes, taking care of the poor, the unemployed and the sick.
Then there are areas where in theory there could be a self-sustaining non-governmental solution, but it is very hard to imagine it in today's world. I'm thinking of education and public transport. Those fields also interrelate with the collective effects in 2.

So how does the technology of the New Digital Age come into play? It seems quite obvious to me that the internet and associated technologies like smartphones, cloud services, and connected devices greatly lubricate the "creation" part, especially products and ideas. Probably not so much the moral values. How does that affect what governments do? Clearly the internet is a global place, so it seems that regulations of it should also be of global nature. But what regulations does it need?



The reason why this blog exists

Every once in a while, often on Sunday afternoons, I find myself having a thought that I want to hold on to and conserve for some unknown later use.

Suppose I live 100 years, that's 3.15576 billion seconds, and suppose that on average every 10 seconds I have some conscious thought. That's 316 million of them, quite a lot. Needless to say that most of them are not very informative to anyone other than myself, and even fewer would appeal to a wide audience such as the internet.

I find that thinking is a messy, unstructured process. Lots of unrelated topics pop up, tons of input from the outside influences and disrupts it. So keeping track of the few ideas and chains of thought that you at some stage deem to be good is hard. That's why I want to write those down right here.