Thank you so much for this! I also have similar concern regarding data privacy and sharing. To maintain a competitive edge, I would imagine that its clients would want to have sole ownership of the data. The data and the insights derived from it would be of lower value if other retail companies are also making their decision based of the same set of data. I wonder if Stylumia’s clients have attempted to pay more for proprietary ownership of the data.
It is great to see such an iconic brand adopt an AI-first strategy! It seems like other leading players in the space such as Wayfair have also launched similar features. Specifically, Wayfair introduced the “View in Room 3D” feature that also allows customers to visualize different pieces of furniture in their room. It is interesting to note that, unlike IKEA, Wayfair has chosen to develop the tool itself rather than through acquisition.
Tempus ONE sounds really exciting! I love the fact that the company decided to move into the hardware space. I would imagine that the journey must have been pretty difficult for them. As I was reading your post, I also expected various challenges with data privacy and data sharing. You captured those points really well. Regarding solutions, I don’t think I have seen a company that has successfully navigated through this problem yet.
Thank you so much for this Surabhi! I really admire the level of dedication ASOS is putting into developing its own data analytics capability. With Cognitive Analytics, I wonder what are some of the specific types of data the company must collect in order to improve its recommendation over time.
Hi Vikram! Really great article. While it is clear that Tesla has been making good use of the data collected, I am quite concern about how the data is being collected. Specifically, I would imagine that data collected from all their cars could raise various privacy concerns. Digging deeper, I found this article from Reuters that discusses my concern. https://www.reuters.com/article/us-tesla-privacy-idCAKBN2BF2MM
Thank you so much for this Shekeyla! This is something I personally observed during my time in management consulting as well. At Bain, we have the Advance Analytics Group (AAG) that also set out to offer similar services to BCG Gamma. That said, I agree with your assessment that the real competition will be from firms such as Google and Amazon Web Services.
This is truly amazing! Thank you so much for your great insights Cristina!
Thank you so much for this great article Surabhi! Very thorough analysis of the key characteristics behind the growth of DoorDash. It is interesting to note that they are looking for opportunity to expand into adjacent sectors. Looking deeper, it looks like the company has also recently acquired Chowbotics, an automated food preparation company. The acquisition will definitely allow them to build up its presence in the adjacent segments. https://www.pymnts.com/news/partnerships-acquisitions/2021/doordash-acquires-robotic-food-prep-company/
Thank you so much for this Julia! I love your analysis of the 4 characteristics that are driving the scale and sustainability of Esty platform. I am in line with everything you mentioned except the point around multi-homing. I do think that sellers are incentivized to be listed on multiple platforms. It is true that maintaining a Shopify website might be costly and time consuming but I do think that sellers have the option of being on other platforms such as Amazon Handmade, Artfire, and Ruby Lane. The cost to be on these platforms are, in my opinion, almost negligible.
Thank you so much for this! I am amazed by the company’s expansion of its “Meal kit product line”. I don’t think I have seen any company in my home country, Thailand, trying to address this specific need. People are definitely spending more time indoor and cooking a meal together is always fun. I can imagine the level of convenience this kit brings to the customers. I also noticed from an article that DIY cooking trend has been growing sharply even prior to the COVID-19 pandemic and will likely continue to grow post the pandemic. One idea is for the company to also hold virtual cooking classes using its meal kits.
What a great read! As you have noted, I strongly believe that “Steam Points program” was the main driver behind its increased community engagement. It is also interesting to note that they are also thinking about further expanding into China. China’s game streaming market is huge ($4.5B in 2020) but it is also extremely competitive. I noticed that in 2020, two local players, Huya and Douyu, have merged. Collectively, they now have control over 80% of the market. It would be interesting to understand how Stream is planning to enter this heavily fortified market.
Thank you so much for this! I first heard of Headspace through Netflix. At one point, “Headspace Guide to Meditation” was in the top 5 shows to watch on Netflix, Thailand. Since then, the app has been quite popular in my country. To your point, I do think that collaboration with Netflix did help them thrive during the COVID-19 pandemic. The show allowed them to standout from indeed the thousands of apps available that are trying to address the same issue. To be able to grow sustainably after the pandemic, I would be curious to know how the company plans to continue to differentiate its features. One idea I have is to potentially partner with meditation gadget companies such as Muse, Aura, and Leaf Urban. https://www.mindful.org/three-meditation-gadgets-vying-for-your-attention/