Monday, August 14, 2006

Videos & TV Shows online

One of the things I see up and coming, while not new is the distribution of conten via the internet, especially movies and tv shows. Users have already latched on to watching/listening to podcasts and watching TV shows and episodes on their Ipods. As these devices become more common and the price point gets lower and lower for storage, I can imagine that everyone will be watching episodic content whenever and wherever the want to. See the link below for a recent announcement from Fox.

http://news.yahoo.com/s/ap/20060814/ap_on_hi_te/fox_movie_downloads_7

South Korea & Japan already have this because their cellular networks are light years ahead of the US's. While I don't know if I would start paying for this on a monthly basis, I am sure alot of people that are on the move would consider this. And as the plans and content change, we should see this type of distribution channel grow exponentially.

Wednesday, August 09, 2006

Wal-mart Debate - Summary

Not sure how this debate related directly to E-Commerce, but here is my take on the debate and the idea about Wal-Mart automating everything.

1. First-Off, let me say that I am not against Wal-Mart or any other chain automating certain processes in the interest of benefiting the shopper or the end user. Anything that can be done to improve or facilitate the shopping experience should be CONSIDERED. My key point here is that in all cases, just because you can do it doesn't mean you should.

2. I think it really depends on the type of business you are in. Alot of people are making that argument that well your Credit Card does this so why can't Wal-Mart track your purchases? Fair enough but that is the price you pay for using a Credit Card, as a consumer you accepted their agreement when you signed up for the card. With a chain like Wal-Mart, you never signed any legal binding document that when I buy this product, Wal-Mart can track everything about you and this product.

3. Here is an excerpt from Privacyrights.org website:

It is one thing to mandate that every commercial website provide a privacy policy. It is quite another to require that commercial websites clearly explain their data-collection practices and provide meaningful methods for visitors to prevent their personal information and "clickstream" data from being captured and sold to other companies. So far, legislative bills mandating effective consumer privacy protection provisions have not advanced in Congress.

Full article: http://www.privacyrights.org/ar/Privacy-IssuesList.htm

The point above is that alot of commercial companies do not clearly explain to the consumer how or what they are doing with your data. What's to stop Wal-Mart from selling their customer data to a third-party. Having an aggregate data warehouse with millions of customer's purchases over years gives suppliers reasons to purchase or desire this data to tailor marketin, supply/demand, etc.

4. The one thing that I don't think I could get past is Wal-Mart's demographic in its current state. Their average shopper is not going to easily adapt to a completely automated system. My kids and their kids yes probably, but not today. I think the concept is on the horizon in the form of partial implementations, but not in its entiretly. I do feel that social interaction will play a key element in all of this. People like having that interaction or want expertise on products or services they don't know about. Not everyone knows everything about all the types of products out thee.

Well thats my take so far. The debate was interesting and I think there are enormous privacy issues around this type of thing. Until laws or best practices are in place to prevent scrubbing, selling or misuse of personal data....it is going to be hard to win over te trust of consumers worldwide.

Tuesday, August 08, 2006

Window Shopping to the next level

Before heading in to work yesterday, I was watching Good Morning America on ABC. They had this news blurb about window shopping and how it is evolving. They showed the Ralph Lauren store in Time Square in New York City, which has implemented a display screen which is projected directly on to the window of the store as shoppers walk by. If you see something you like on display, you can buy that item directly by touching the screen and completing the transaction like you would online. A credit card reader is attached to the window to complete the transaction so that you aren't inputting your personal information in plain view of other onlookers.

I thought this concept was very intriguiging....its window shopping taken to the next step. The ability to reach your target consumer at any hour of the day, hitting specifically the impulse buyer. The site display on the screen looked very good...very similar to their online store. The concept itself is interesting because you are no longer bound to store hours, if you like something you can buy it right there without forgetting about it. While I'm sure most shoppers don't do this, it's another way to reach your customer and interact with them in a new way.

I can think of a few different implementations of this for bricks & mortar stores looking to increase their sales revenue, a very easy way to reach customers all hours of the day and regardless of their buying habits.

Thursday, August 03, 2006

Online Business and its trickle effect

Came across this article at work: http://www.nytimes.com/2006/08/02/business/02postal.html?ex=1155268800&en=86f2535a203ac34f&ei=5040&partner=MOREOVERNEWS

As more people use email for communication, the USPS notes a decline in first-class mail like cards and letters, but revenue from packages rose 2.8%. Ebay, Netflix, etc. all seem to have this trickle effect on other businesses. I would venture to say that as more people engage in Ebay, companies like the USPS, UPS, FedEx, etc. will only benefit further.

On another note:
http://www.nytimes.com/2006/08/02/us/02protest.html?ex=1155268800&en=a461a01394377d1b&ei=5040&partner=MOREOVERFEATURES

Guess what you post nowadays can be subpoenaed. Pretty scary that you may have to give up that video you shot.

Wednesday, August 02, 2006

Ebay vs Craigslist vs Expo

The CNBC commentary on Ebay was interesting. I always knew that Ebay carried a high market cap and it's reach worldwide has grown exponentially over the last decade, but 135 million users is crazy. Lately however, I find myself using Craigslist & Expo.com more since both are free and posting on either is plain and simple. The choices and options on Ebay sometimes are staggering if you are trying to post a small item.

I also use half.com alot for textbooks and movies, but I've stopped buying those now that HD-DVD & Blu-Ray are on the horizon. Anyways, back to the topic at hand. Long term, I wonder how Ebay will continue to grow. I'm all for trade amongst individuals, but at some point the amount of transactions is going to start plateauing. Unless they are able to penetrate new markets and countries, it's hard to imagine them doing doube-digit earnings year over year.

Their recent acquisition of Skype also has me puzzled. I'm not sure how it fits into their overall strategy, but if they could leverage Skype's VoIP technology to put buyers & sellers in touch with each other through their computers, then you can eliminate any confusion about auction listings, payment exchanges, etc.

Monday, July 31, 2006

B-COP Summary

The tools we used in last class proved to be very useful in terms of analyzing web evolution and to see how companies have really used their websites as a means to communicate to all types of customers. I choose Anheuser-Busch as my company as they are the 'King of Beers' and have the largest distribution of any alcoholic beverage maker in the US.

While I found it pretty interesting to browse around through their website and learn about their other business ventures, I think the B-COP analysis for this type of website is not quite as useful as one that is engaged in e-commerce or a transaction based site. The purpose of most of their sites is to inform consumers about their brands, the company, history, etc. While the site has involved considerably with more engaging HTML, Flash, etc. It's not a site that your average beer drinker would visit on a weekly basis.

Being a racing fan and having recently attended the Portland Grand Prix run by the American Le Mans series, it's amazing how much telemetry data teams gather to diagnose and improve race cars. If I had to pick another profession to go into, it would be automotive engineering and the IT side. Here's an article about how teams are using the data and what it means: http://news.com.com/In+race+cars%2C+high-speed+data+has+new+meaning/2100-11389_3-6100399.html?tag=nefd.lede

Tuesday, July 25, 2006

Books, Books, Books....

Books I'm reading

Before I started the MBA program I used to read quite a bit....so during the summer term I had some time to catch up on some books I had been wanting to read. I just finished The World is Flat by Thomas Friedman and loved the book. I highly recommend this to any MBA student or anybody that is in the tech field. Friedman's views are quite astounding and he is not advocating outsourcing by any means or in all cases. Before I started the book, alot of people gave me comments about how the books is all about outsourcing, but its not. Globalization 2.0 is here and is taking place as I type this. As more and more people are connected, companies and individuals are leveraging knowledge across the globe to further their endeavours and dreams.

Now that I finished his book, I moved onto Who Says Elephants Can't Dance? by Louis Gertsner, the ex-CEO of IBM. I'm not very far but this one came recommended by some colleagues at work. I'll post up a review after I finish this one....but so far it's pretty interesting.

Archiving Like Crazy

Archive.org

From reading that article and playing around with archive.org, it's really fascinating to see the progression of sites across the internet. It would seem that a few common things are happening across web sites in general:

Use of Search throughout websites
User Interfaces have improved dramatically
Transactions are easier, smoother - eg. one-click is pervasive on most sites
Use of flash, movies, etc. has grown as broadband/wifi use is more prevalent

While it is scary that someone has the ability to check your websites history and could potentially use that information against you, it can also aid you in the development of new features and minimizing mistakes from the past.