Great post – amazing how Waze have been able to make people share so much data without hesitating. I think this link was posted as a comment on a previous Waze article but it is worth to check out the amount of information you give away: http://www.digitaltrends.com/mobile/terms-conditions-waze-privacy-accident/
Cool post – interesting that Caesars started its data analytics in 1999. I’m also surprised that 30% of revenues come from gambling – would have thought it was even less with the increased competition online and abroad.
Great article – Netflix is a great example of a company successfully leveraging analytics to improve its business.
In addition to extensive data crunching prior to its House of Cards bid – Netflix tracks a vast number of events when you are watching a show, such as:
– When you pause, rewind, fast forward
– Browsing and scrolling behavior
– When you leave the show
– Where you watch from
The “Danger” of this is that you are giving the customer exactly what they want. If e.g. 80% of users fast forward during the monologues in House of Cards, they might be skipped in the next season.
What does this do to creativity, just using data on consumers to decide what to produce? What if consumers do not know what they want before they have seen it? I hope Netflix’s data driven approach to TV shows does not kill creativity.
Interesting post and great explanation of the network effects – I definitively see a huge potential in sports such as the “court-side” service that you mentioned!
Great article. In Europe, a number of banks are launching their own “peer-to-peer” payment apps. It will be interesting to see how Venmo reacts when these apps become more widespread in the US!
Very interesting to read your well-written assessment of RelayRides! I do have a number of concerns regarding this idea, some mentioned above already:
1) Is there a sufficient number of people willing to rent out their car? Personal reasons, and the risk of someone driving recklessly with your car, can be hard to detect
2) If someone speeds when using your car – is a receipt from RelayRides enough to prove that you were not the driver and will the driver be held liable?
3) Is the existing concept – traditional car rentals – expensive enough to make people shift behavior?
As it seems like RelayRides is struggling to generate enough activity, perhaps an opportunity could be to enter a deal with Uber, to allow Uber-drivers to use RelayRides’ cars during a set time-frame (e.g. monday-friday when you are in the office for 10 hours), and then return it where you parked it? The car owner earns extra money, the uber-driver gets a vehicle to drive for Uber, and Uber now has an additional driver. Win-win-win!
After reading “the Everything Store”, about the rise of Amazon (recommended!), it is interesting to see how Walmart has really picked up and started to leverage its physical presence in the online economy, after overlooking online retail for a long time. Furthermore, Amazon is slowly moving into physical stores as well (http://money.cnn.com/2015/02/04/technology/amazon-purdue/) – should be interesting to see how this plays out between the two giants in the coming years!
Thanks! I have heard of some apps trying to “sell” parking spots and the issues they have faxed – agreed, great if Waze is able to make this work, should have a good starting point with its substantial user base
Very interesting post – with still “only” 16% of orders placed via the app, I imagine there are significant efficiency gains during rush hours to be achieved by continuing to push adoption of this app for ordering coffee.
Great post! Very interesting move from Waze and excited to see how it plays out – with an existing user base of ~50 million they should have a great platform for scaling fast.