Beam me up! Teleporting today

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You probably heard that Star Trek’s Scotty recently died, with his widow planning to shoot his remains into outer space. It’s an opportune time to review where we are with teleporting. Last year physicists successfully teleported quantum bits, allowing us to dream that one day science fiction may become science fact, and we will never have to eat airline food again.

On a more prosaic level, a company called Teleportec has for a few years been marketing a system that effectively projects a person to a different location, allowing a quasi-3D image and eye-to-eye contact between people. This has been used in many domains, most notably conferences. When I speak to financial services audiences, I often also note that another application is beaming financial advisors into any location, meaning even small regional bank branches or kiosks can provide customers access to experienced, trusted advisors. Teleportec says that a UK bank that has tested the system reports that 92% of customers are happy to buy from a teleported representative.

The most sophisticated way of teleporting ourselves is the Teleimmersion project, which uses the ultra-high-speed Internet 2 as its backbone. This not only allows people to interact at a distance as if they were present, but embeds a whole series of sub-projects, for example for immersive data visualization. Jaron Lanier, who invented the term “virtual reality”, has been a driving force behind this project. So, while today many of us are beginning to treat web video-conferencing as an everyday tool, the next generation of communicating at a distance – that we might call teleporting – may soon be part of our day-to-day lives.

Review of Collaboration in Financial Services Europe

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A few weeks ago now I chaired the Collaboration in Financial Services Europe conference in London. The White Paper on How Collaborative Technologies are Transforming Financial Services is now available from my website. If you’re interested in the topic, the review of the original Collaboration in Financial Services conference in New York last September is also worth a look. Both in moving on nine months from the New York conference, and crossing the Atlantic, the shift in themes was striking. It was a great day, exploring in detail many of the fundamental issues the financial services industry faces in an economy increasingly centered on collaboration. The key sponsor of the Europe conference, Reuters, has played a significant role in the development of instant messaging in financial services since David Gurle left Microsoft to spearhead the company’s collaboration initiatives. Reuters has established interoperability with all the three public IM vendors. Now, companies like Facetime, Aconix, and IMLogic have provided the wraparounds to make public IM secure and compliant. At this point we can say that IM is pretty much a robust corporate tool, though the space will certainly evolve considerably in the next year or two. One of the most interesting aspects of Reuters’ positioning is its emphasis on chat and building communities. It wants its major financial institution clients to use chat as a primary medium for knowledge-sharing, and to create spaces that link buy-side and sell-side, for example for conversations around research issued by the firms. Intelligent agents will identify posts that are of particular interest to individuals, so they don’t need to trawl through everything themselves. In addition, they want IM to become embedded in workflow, for example automating trading and integrating into STP (straight-through processing). Another domain that was explored in detail at the conference was insurance. I moderated a panel with Christoph Harwood of Kinnect and Alex Letts of RI3K. Both are essentially new-breed B2B exchange for the insurance industry – Kinnect was set up by Lloyds of London for commercial risk, while RI3K is in the reinsurance space. Their challenges and progress over the last few years are great case studies for similar initiatives that can bring great benefits to an industry, but require collaboration between many players. Clifford Chance also presented on an advanced in-house system that provides partners and staff with a portal view of activity and communication around a particular client or matter, which is just being rolled out. As far as I’m aware, the system is more sophisticated than any of the investment banks have implemented for sharing information on complex transactions.

Dodgeball is acquired by Google

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The topic of the moment seems to be where Google is going, with many touting it as a Microsoft-killer. (See Robert Cringely’s recent article as an interesting take on this and broader issues…). Given my interests, it is particulary interesting to see that Google is buying Dodgeball. This very interesting social software company came out of a class run by Clay Shirky at New York University. Clay’s take on the deal is here. In short, Dodgeball is a mobile service that allows friends and friends of friends to meet up at bars and parties on the move, finding where the action is at any particular time. Google has already tried its hand in the social software space with Orkut. Now it is moving into the mobile social software (sometimes called MoSoSo) space, which is absolutely a step beyond its web-based core. On one level, Google clearly is not averse to picking up lots of interesting companies and ideas and seeing what happens with them, and Dodgeball is hardly a big acquisition for them. However if Google continues to develop these strands of its business, then its increasing propensity to social software and networks could represent the emergence of what may be something far beyond a glorified search engine

Blogging Goes Mainstream

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When I wrote Living Networks in 2002, opening with a description of how Macromedia was using blogs to disseminate information, blogging was to many a curiosity. Today almost everyone has heard of it, and it truly has become mainstream. Business Development Institute is running a Blogging Goes Mainstream conference in New York on May 3, featuring Microsoft star blogger Robert Scoble as keynote. I’ll be running a session at the conference on blogging and knowledge management.

The next phase of Social Network Analysis

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Rob Cross of University of Virginia, author of The Hidden Power of Social Networks, has formed the Network Roundtable, a consortium of at last count 40 leading organizations that are applying network approaches in areas including leadership, innovation, and client relationships. The kick-off meeting will be on April 27 in Boston. I will be presenting on our research project on enhancing client relationship teams. Applying network analysis promises to be one of the most powerful approaches to improving cross-selling capabilities and driving deeper, broader, more profitable client relationships. I am also beginning to delve into other applications of social networks, including industry associations, professional networks, and global industry networks. A lot more on this anon.

The Future of Customer Relationships

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I’ve just posted a new article on Creating the Future of Customer Relationships on my Advanced Human Technologies company website. The article supports the keynote speech I delivered recently at Customer Contact World 2004.

The article examines how to integrate the entire spectrum of relationship channels available in order to build true “knowledge-based” customer relationships. This is founded on understanding – and accentuating – the difference between what technology can do and people can do. Fast Company magazine’s blog wrote about and linked to the article, which has resulted in lots of attention and traffic for this.

The Metaweb

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Nova Spivack, the grandson of Peter Drucker, has a vision of the connected future that aligns very strongly with mine. He describes the emerging “Metaweb” as the result of the rapid increase in both information connectivity and social connectivity, leading to the emergence of the global brain. A diagram and overview is provided on his website – well worth a look. I agree wholeheartedly this is the way we’re going.

The Rise of Social Networking Technologies: video and references

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I recently gave a brief, casual presentation on The Rise of Social Networking Technologies to a very interesting group of technology innovation professionals in Sydney called Innovation Bay. A video of my presentation is at https://www.viocorp.com/clients/innovationbay.

I prepared a crib sheet for those attending the talk, as below, giving a few references and thoughts on this space….

What defines this space is that it taps existing connections between people – our “six degrees of separation” – to form new, useful direct connections.

Selected Social Networking Technologies

Social/ dating/ politics

Friendster

Tribe.net

Orkut

I Stand For

Professional

LinkedIn

Ecademy

Ryze

ZeroDegrees.com

Corporate

Spoke

Visible Path

Matcheroo

Related applications

Jobs: Monster.com

CRM: Interaction

Search: Eurekster

Content: LinkSV

Microsoft Research: Wallop

Event technologies

nTag

SpotMe

PowerMingle

CRG

Intro

Business models

Subscription

Subscription for higher-level functionality

Pay per request

Link to classifieds

Targeted advertising

Enterprise implementation

Suggested references

Stanford Business School Alumni Social Networking Panel video

Stowe Boyd’s weblog (see especially under Recent Publications)

Friend of a Friend (FOAF)

Later I’ll post some thoughts on where this whole space is going, including industry consolidation, user growth, business models, reputation systems, collaborative filtering, learning on demand, and more. Plenty has already been said on the current primary issues of privacy and extending trust through networks, not that these are close to being resolved…

Help me find the music I like!

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Apologies to all my readers – it’s been way too long since I posted here. I’ve been frantically busy and on the road, but these are no excuses. I resolve to do better, and have no shortage of interesting stuff to write after my recent travels, so here we go…

“Collaborative filtering” – systems that allow us to collaborate with others to find what is relevant to us in a world awash with information – will rapidly become central to our lives, whether or not this is visible to us. One of the best single implementations I’ve seen is Last.FM, a personalized online radio station. It builds a profile of your preferences based on your nomination of your favorite artists, albums, tracks, and music labels, as well as what you choose to listen to. When Last.FM is playing on your desktop, you can either let it run if you like what it’s playing, or if you don’t like the song you can press skip to go immediately to the next one, or let the system know you love or hate a particular song if you wish. As it builds an increasingly accurate profile of what you like and don’t like, it can identify other individuals with similar musical taste to you, and play you what they like. In this way you both hear what the music you like, and get to hear new music you like that you wouldn’t have discovered otherwise. There’s an article on Last.FM on Wired News that got it a lot of attention at the time.

Investment banks lead the charge on Instant Messaging

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I opened Living Networks with the examples of Macromedia using blogging to get messages out to its developer community, and the institutional bond market on Wall Street using instant messaging to enhance information flows. Stowe Boyd has written a very interesting piece on financial markets instant messaging (IM) in his publication Message, looking at some of the drivers of adoption, and incorporating an interview with the co-chair of the Financial Services Instant Messaging Association (FIMA).

There are a whole suite of interesting issues here. One is simply how the investment banks have become enormously more collaborative over the last five years, largely as a result of technology drivers. When I speak about how very high levels of collaboration are becoming mainstream in business today—even in intensely competitive industries—one of the most convincing examples to many is how the notoriously aggressive investment banking community is now working closely together on a whole variety of issues.

A key interest for me in the adoption of instant messaging is how it changes buy-side – sell-side (client-supplier) relationships. The commoditization of information and research means that increasingly the value to fund managers of interacting with financial market salespeople is in “knowledge-based” interactions, in which they gain highly relevant knoweldge and perspectives that integrate into their portfolio decision-making, rather than generic information. A good example of this is CSFB’s Locus product, that enables salespeople and fund managers to look at the same analytics screen on possible trades, and to jointly play with assumptions to make them relevant to the client’s portfolios, and provide a basis for useful discussion of risk and return parameters. Thomson Financial—having bought WorldStreet just in time for me to update the coverage in my book—has integrated it into its Connect product, which provides a peer-to-peer XML-based platform for customization and filtering of content delivery. All of these new tools shift the client-supplier relationship, and force the development of new skills, processes, and strategies for the investment banks.

Another interesting angle is that while SMS has played a major role in changing interpersonal communication in Europe and Asia, IM has played a similar role in the US. IM still has low adoption outside the US, just as SMS is only picking up in America now. Different levels of familiarity with these emerging communication technologies affect how they are being integrated into business applications. However all around the world, it’s good to see that investment bankers are leading the charge in taking instant messaging out from teenage girls’ bedrooms into the world of business.