Facebook? Let Us Get Serious

It is indeed funny, that in 2016, planet earth values a company whose core asset is everyone’s personal and social data, at 377.32 billion dollars. One central entity, that is a place for people to share stuff. 377.32 billion dollars. Seriously? In 2016?

Let us all get serious. It is not like decentralized technology to replace this stone-age centralized social sharing model does not exist today. We don’t need a dotcom to share our stuff now, do we? We are all walking around with supercomputers in our pockets.Let us just move our social data to some P2P stuff built on Ether or some other blockchain or something.

And most importantly, take back the 377.32 billion dollars and decentralize it. It is high time we did that.

For Interesting Statistics Everyday, Find Statspotting on Facebook and Follow Statspotting on Twitter

Keep It All In Your Head

There is something very powerful about keeping it all in your head. Like Ramanujan with numbers. Or Steve Wozniak with circuits. This is from Steve Wozniak:

“If you can just quickly whip something out and it’s done, maybe it’s time, once in a while, to think and think and think, “can I make it better than it is, a little superior?” What it does is not necessarily make the product better in the end, but it brings you closer to the product and your own head understands it better. Your neurons have gone through the code you wrote, or the circuits you designed, have gone through it more times, and it’s just a little more solidly in your head and once in a while you’ll wake up and say, “Oh my God, I just realized a bug that’s in there, something I hadn’t thought of.”

Or, if you have to modify something, or add something new, you can do it very quickly when it’s all in your head. You don’t have to pull out the listing and find out where and maybe make a mistake. You don’t make as many mistakes. Just believe that what you have is better than whatever has existed before. We should only move forward in technology and not backwards.”

Keep It All In Your Head. Great advice.

For Interesting Statistics Everyday, Find Statspotting on Facebook and Follow Statspotting on Twitter

Review Sites, One Level Down

Food, Apartments and pretty much everything else – reviews today work at level 1. You can find a lot of reviews for an apartment community – but if you are searching for reviews on a specific unit in an apartment community, you are generally out of luck. Same with restaurants – if you are looking for how good a restaurant is, you have tonnes of help. But try looking for how good a specific item on their menu is – and you are generally out of luck. And so on and so forth.

What we need are reviews, one level down. Why Not?

For Interesting Statistics Everyday, Find Statspotting on Facebook and Follow Statspotting on Twitter

Any Transaction Has Two Sides

Most internet companies are basically intermediaries – they facilitate a transaction and take a small part of the transaction. It is a proven way to make money for any business, and as new ways to reach people are invented, new intermediaries will emerge on that medium.

Here is an important thing to remember when you try to solve a problem and position yourself as an intermediary – try to solve the problem for both sides. Take Uber as an example. New ways of making money for drivers and push a button, get a pickup for the users. Or, take Amazon’s small business solutions – click and buy for customers, sell with no setup for the businesses. How about AirBnb?

It is an obvious point but well worth remembering – if you keep both sides of the transaction happy as you move your product forward, your probability of success would increase exponentially.

For Interesting Statistics Everyday, Find Statspotting on Facebook and Follow Statspotting on Twitter

Startup Ideas: The Excel Sheet Heuristic

Here is a simple but efficient way to spot Enterprise Software ideas – just look at what Excel sheets are being circulated over emails inside any organization. Every single Excel sheet is a billion-dollar enterprise software business waiting to happen.

If that sounds too simplistic and tough to believe, try thinking through the excel sheets that you are aware of – and list down which ones could potentially be addressed by a neat little piece of software. You will see it for yourself.

Every single .xls in any organization is a billion-dollar enterprise software business waiting to happen. Simple, but true!

For Interesting Statistics Everyday, Find Statspotting on Facebook and Follow Statspotting on Twitter

Double Down On Your Bright Spots

Here is something that is undeniable – there will always be bright spots in anything that you are working on – the tricky part is that in most cases, they might not be directly related to the thing you are working towards – and that makes it extremely difficult to notice these bright spots. Not only should you take the additional effort required to spot these bright spots, you should do all you can (including just throwing away the stuff that you are working on if needed) to double down on these bright spots.

Flickr, Slack, Twitter – these were all bright spots that the folks running the entities where these showed up were confident enough to double down on. And this concept of doubling down is applicable to elements in your skillset, areas in your project as well as ideas in your company – bright spots can be anywhere.

Double Down On Your Bright Spots. It is a proven recipe for success, no matter where these spots are hidden.

For Interesting Statistics Everyday, Find Statspotting on Facebook and Follow Statspotting on Twitter

A Thing About Labors Of Love

Moving an idea from napkin to market takes a lot of effort. And most ideas (many people say 9 out of 10) die in various stages before the finish line. Sad, but true. So many things need to come together, and most ideas and efforts just do not stand the test of resistance from the world. In all shapes and forms. With one exception: Ideas that are executed as labors of love. Here is the only secret you need to know: Labors of Love, succeed.

Make whatever you are doing, a labor of love. Labors of love never die. Period.

For Interesting Statistics Everyday, Find Statspotting on Facebook and Follow Statspotting on Twitter

You Have A Players. But Are They Playing Their A Game?

It is easy to get this wrong, particularly when your team is growing at a fast pace – you have great folks, but they might not be bringing their A game to the table. There could be a variety of reasons why this might happen, and this is easy to miss since the players are A players. Funny thing is, the players might not recognize this themselves. Which compounds the issue – now you have two issues, one making the other worse.

Ask this simple question often – Are all the players in your team bringing their A game to the table every day?if not, why not?

For Interesting Statistics Everyday, Find Statspotting on Facebook and Follow Statspotting on Twitter

Always Be Creating

In sales, ABC is a proven mantra – it is just simple, and powerful. Always Be Closing. The power of such simple mantras is that they communicate the message with zero ambiguity.

So here is a mantra for developers – Always Be Creating.

“This is why it’s important to exercise the idea muscle right now. If your idea muscle atrophies, then even at your lowest point you won’t have any ideas.

How long does it take this muscle to atrophy? The same as any other muscle in your body: just two weeks without having any ideas. Atrophied.

If you lie down in a bed for two weeks and don’t move your legs you will need physical therapy to walk again.” James Alutcher

The creative muscle is worse – it atrophies at a much faster rate than the idea machine. Do not let that happen. Always Be Creating. That is how you keep your creative muscle strong and active. That is how you know track the changes in the technology landscape. That is how you can separate hype from reality. That is how you can get to the signal amidst the noise.

ABC for developers – Always Be Creating.

For Interesting Statistics Everyday, Find Statspotting on Facebook and Follow Statspotting on Twitter

Mathematics Does Not Change

It is getting increasingly difficult to keep up with technology. Programming languages, technology stacks, architecture patterns, devices – all of these are changing at an exponential pace. Skills gained by meticulous practice become more or less useless over time. It is a puzzle, but it is not a tough one to crack – you just need to change with the times. It is as simple as that.

It is also getting increasingly difficult to keep up with changes in any given domain. For examples, look at the impact of Bitcoin on the world of finance, or the impact of technology in healthcare overall. Again this one is easy to understand – any domain that is impacted by technology (which is just a different way of saying ‘all domains’) also changes exponentially. You can try and become a Subject Matter Expert – but the challenge is to remain one. And it is not that different from remaining a technology expert. Particularly these days.

Here is the piece that is guaranteed to last forever – Mathematics. Yes, tools and technology have had a profound impact here as well- but if you really think about it – if you look at any Technology-Domain-Math combination around you – you will realize this: Mathematics Does Not Change. For someone looking to build skills that will last a generation or more, that is a great thing to realize. Mathematics is underrated – but it does not change.

And here is the thing – Objective-C could be attractive and Python could be the in-thing today, but Mathematics adds the zeros when it matters.

Learn Mathematics. It is that rare skill that will last a lifetime.

For Interesting Statistics Everyday, Find Statspotting on Facebook and Follow Statspotting on Twitter

Page 1 of 1512345...10...Last »