Archive for the Innovation Category

Integrated transaction platforms

Posted in General, Innovation, technology with tags , , , , , , , , , , on July 22, 2010 by newideasconsult

With online technology developing quite aggressively we have an ideal opportunity to design and commission all-inclusive solutions for enterprise clients. You can also define this as multi level x-commerce solutions, where the traditional x-store or x-mall or multi-store customer facing platform is completely integrated with the transaction processing platform.

Having one platform that integrates all the required components for environments with a high volume of transactions to operate with the minimum external assistance makes me quite heady.  For example imagine a system that starts out day one with an integrated eBay, PayPal and Skype module.  Having the time to work out each component’s role with the platform, clearly defining where data can be shared within a common database, and setting out combined parameters for a smooth UI, and so on, could start us off on a whole new path in regards to x-commerce.

There are so many advantages to such an initial integrated model not just from a technology point of view, but also in terms of operations.  One view of a customer, one process to resolve disputes, one fee recipe to determine all revenue contributors in a transaction from end to end, and so on and so on.  Are there examples of such combined and integrated solutions already?


Payments future landscape

Posted in General, Innovation, technology with tags , , , , , , , , , , , , , on April 25, 2010 by newideasconsult

These past few months have been rather interesting in terms of the payments industry and the subtle shift in consumer perceptions.  One of the most amusing to me has been the clear lead Paypal has in the e-venture payment space to any other brand, card associations included.  This may not be a good thing in my opinion, but undoubtably it has happened.  Ask any e-venture owner what payment method they will be accepting on their platform or site, and at least 7 out of 10 will tell you Paypal.  Not Visa or Mastercard, but Paypal, regardless the obvious issues around its regulation and the bad risk prevention policies it employs.

This to me indicates a real challenge traditional payment companies may face during the next few years, which is how they can win back the market from ‘upstarts’ such as Paypal, Moneybookers, mobile networks, and the many alternative payment methods in the market today.  With the strength of the Paypal brand on the Internet, and to me this means their brand strength in terms of the Internet savvy generations, as well as the rapidly growing mobile payment services, what will the PCI (payment card industry) founding members (Visa, Mastercard, Amex, Diners and JCB) do to retain their brand strength or for some regain their brand strength?  Seems to me that as one accepts virtual payment instruments and mobile phone based solutions as the way forward, it removes or distances the payment methods used from a card, the base tool used in the credit card growth the past 4 decades.  Once NFP, mobile payments, and the next generation of Paypal type solutions have rolled out, the card brand will be completely hidden, and in my view, forgotten in the not-so-distant future.

Still some way to go before we can say goodbye to the plastic card (magstripe and chip), but it seems to me the subtle shift in market direction may just ring in that future much sooner than many may have thought.  Unlike the media industry’s late wake-up to the power of virtual distribution, the card payment industry may just have enough time to learn the new rules of the payments game, and hopefully apply them wisely to retain their future market share and brand strength.  Some may not be able to transition, as the departure from card may be too big a shift in paradigm for them, but those that do would have their years of payments experience married to new tech solutions that could eat the Paypals of the future for breakfast.

Do you want 3D Games on your notebook?

Posted in General, Innovation with tags , , , , , , on December 2, 2009 by newideasconsult


ASUS Notebook (Model G51J 3D)

If you know what the ASUS G51J 3D is, then you’re aware of what must be one of the BIG milestones for personal computing this decade. The ASUS G51J 3D notebook is the first notebook on the market to offer you full 3D screening ability, glasses included. Movies will be nice, but that’s not what this notebook will be great at. No, its going to be HUGE for gaming, with 3D gaming titles now a reality right in your home on this puppy! I cannot wait to get my hands on it!

Google announces new Chrome based OS

Posted in General, Innovation with tags , , , , , , , , , , on July 8, 2009 by newideasconsult

Although a lot has been written about the Google versus Microsoft battle now that Google has entered the OS market with yesterday’s announcement, I thought I would write my own post to set the record straight on this issue and about what it is that Google is launching here.

Firstly this is NOT a Windows competitor, this is very clearly a Chrome and Linux based OS or in generic terms a browser centric operating system more in competition with Cloud and so on, than with Windows.  It is not a competitor to Windows Mobile either since Android already competes directly, so one has to put the announcement made by Google in clear and understandable terms.  It is a browser centric operating system currently aimed at the NETBOOK market only, officially to be launched Q3/Q4 2010.  There are of course going to be uses for this type of solution other than Netbooks, but for now that is where Google seems to be focusing their launch efforts.

It truly pains me when the rumour mill and the secondhand news vendors come together with the ignorant and start splurging their own versions of the announcement all over the Web.  It causes a huge amount of press for Google of course, but sets people off in the wrong direction.  Again, as can be clearly read on Google’s own blog, this will be a Netbook OS based on Chrome that will offer all the usual Google Apps and allow 3rd party applications to run as well.  Furthermore it clearly states within this blog announcement that any standards based browser will be able to handle the OS and in light of this, I would say the announcement runs very much along Google’s usual focus of Web based solutions.

In my view Ubuntu, along with the other Linux distros, remains the most viable threat to Windows’s dominance, and the Chrome/Linux based Netbook OS from Google a competitor to Windows CE, Tinux, Cloud and other similar OS’s focused on the Internet driven device or Netbook type device.

Nothing new here then, but as with any product announcement from Google, still extremely exciting!

NoSQL is a fantastic step in the right direction…

Posted in General, Innovation, technology with tags , , , , , , , , , , on July 3, 2009 by newideasconsult

Man, I love the idea of doing away with a traditional RDBMS in favor of something loosely referred to as the NoSQL lobby 😉  And there are some BIG names behind this ‘movement’ like Linkedin, Facebook, Stumbleupon and Google to name a few, though I must admit this was the first I ever heard of it.

Finding new ways to index and search data is old takkie by now, but it remains exciting now that there seems to be a convergence of minds on the issue, because it speaks of market potential.  Commercial drivers are the strongest contributors to DB developments and often when there is a lack of those, we see stagnation in innovation, as we have seen in this space over the past few years.

One of the most exciting DB technology I was introduced to over the last 10 years must be Cache, because it does DB faster than any of the traditional brands!  No wonder mobile networks use Cache so much, as it clearly works well for high volume high speed environments.  By the way, Cache does both relational and object technology designs pretty well.  Now the NoSQL movement is claiming we can do away with databases altogether and approach the idea of data repositories totally differently.

Changing the way we address data has become BIG money these days, more so because of the search engine battles and the resulting web products it spawned in competition and partnership to itself.  Match that to a corporate drive to be more cost effective in terms of data processing, and it’s no wonder we are witnessing changing times in this industry.

Thanks to Slashdot’s reference to the NoSQL community, I am now enlightened and will be watching this space closely c 😉