Blockchain was obviously the hottest and trending topic at Sibos 2015. Consulting and technology companies like Capgemini showcased blockchain technology for payments processing and talked about the positive use cases of blockchain for banks to be prepared for. Sources revealed that a panel discussion “New Kids on the Block(chain) Platform” on Day 1 attracted around 1000 people to a room that could accommodate only 200-300 people. To manage the surplus crowd, the blockchain panel discussion was streamed live in an adjacent room.
Sibos 2015 Singapore – 4 Days Summary and Highlights | Let’s Talk Payments (via hackingfinance)
…all of the data we use to decide who should get promoted is bad data; that all of the performance appraisal data we use to determine people’s bonus pay is imprecise; and that the links we try to show between our people strategy and our business strategy — expressed in various competency models — are spurious. It means that, when it comes to our people within our organizations, we are all functionally blind. And it’s the most dangerous sort of blindness, because we are unaware of it. We think we can see.
Most HR Data Is Bad Data - HBR
This is like a toxic virus propagating through the corporate bodies of large organisations; given that managing and allocating talent is an ever more important KSF in the Information Age, it goes a long way to explaining why large companies are more and more often just relying on sheer momentum to continue to survive. Not sustainable in the long term.
Digital is no longer a question, it’s an obligation. Digital can democratise markets with unrivalled pace, momentum and reach. It has no respect for organisational hierarchies, preconceptions or biases. It will blast through all those to create an entirely new market, customer base and league table while you are still spinning up your steering committee. The willingness (or at least…
This is a grim fairy tale about a mythical company and its mythical founder. While I concocted this story, I did so by drawing upon my sixteen years of experience as a venture capitalist, plus the fourteen years I spent before that as an entrepreneur. I’m going to use some pretty simple math and...
Over the past couple days, I’ve been reading with interest and sadness as friends of Dave Goldberg have said their public goodbyes. And I thought, as someone who only met him once, it might be worth sharing that experience, that perspective.
I had been invited to a very exclusive retreat for the...
Melissa Leon speaking with Death Cab for Cutie frontman Ben Gibbard:
In the music world, another issue has emerged regarding artists’ compensation from streaming platforms. Jay Z recently unveiled plans for his own subscription streaming service, Tidal, which aims to “forever change the course of music history” by offering high-fidelity audio to customers for up to $20 a month, higher royalty rates for musicians—and a share of the company for an endless parade of high-profile artists like Rihanna, Kanye West, Madonna, Jack White, Daft Punk, Arcade Fire and Beyoncé (none of whom seem strapped for cash). Gibbard says the service is dead on arrival.
“If I had been Jay Z, I would have brought out ten artists that were underground or independent and said, ‘These are the people who are struggling to make a living in today’s music industry. Whereas this competitor streaming site pays this person 15 cents for X amount of streams, that same amount of streams on my site, on Tidal, will pay that artist this much,’” Gibbard says. “I think they totally blew it by bringing out a bunch of millionaires and billionaires and propping them up onstage and then having them all complain about not being paid.”
“There was a wonderful opportunity squandered to highlight what this service would mean for artists who are struggling and to make a plea to people’s hearts and pocketbooks to pay a little more for this service that was going to pay these artists a more reasonable streaming rate,” he continues. “And they didn’t do it. That’s why this thing is going to fail miserably.”
When I left university, I financed my move to London by selling my car. Though this long before collaborative consumption was enabled – no ZipCar, City Car Club and definitely no Uber – getting around London was pretty easy. I soon landed a job in the City which was well served by public transport.
For a few years, the choice to nothave a car was a no brainer. Even if you could afford the car,…
This started as a ‘brief’ comment on Chris Skinner’s excellent post about a Kodak/Nokia moment in banking.
It’s much more important you go read his post, than mine below.
Obviously the status quo is unsustainable – it’s just a question of what time horizon one uses to assess the urgency/pace of change.
In time, financial historians will surely look back at this period and the current wave of…
Agile organisations succeed through sensing, not planning.
They are in touch with their actual customer experience (not just some brand fantasy).
They truly understand their operating model (clue: it won’t look like a flow chart).
They have the capacity to make very frequent adaptations in response to their ever-growing understanding of customer needs.
Being able to respond quickly to what you learn beats any amount of predicting and planning.
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