Thoughts from 30000 feet on way to Mexico with Sherri. Not: these are totally random streams of thought.
Millennials have terrible credit. Imagine if they actually paid for content, they would be even more in-debt
Non-financially minded oriented entrepreneurs lack the knowledge to decipher between gross/net revenue. Lots of companies we hear about today may have sweet top line numbers but net numbers and even operating margins are slivers.
Lots of chatter about giving consumers the ability to choose everything. Time and time again, consumers don’t want to be forced with telling us what they want, but would rather be inspired and select from a curated list. Case and point: apps in the iTunes store outsell their peers if try are on the recommended list, custom shirt companies who publish a few customized examples know that those examples will sell well as templates, and any retail clothing store has representatives helping shoppers shop…
…on data and infography
If business is shifting to a data driven ecosystem, the emphasis on visualization of the data in quick, actionable, and colorful ways will ultimately win. Most business folks, let alone consumers, are not SPSS nuts or Omniture junkies. Infographics are going to be key… Which leads to a potentially lucrative future career: infography design
Fantasy sports is one of the most data-driven applications for consumers in the world. I’d venture to guess that the amount of phd’s and mathematicians playing are <10%. The reason why fantasy sports have taken off is because of the visualization of realtime data. The visualizations are not complicated but are utility driven.
Facebook and Twitter are quickly becoming very powerful companies and Google’s perch at the top may get a bit charger to accommodate these guys. Facebook and Twitter, while darlings today, will have to start to manage for mass criticism. It’s a good problem to face as it means you are on top (walmart, ford, Nike, gap) but a pain to deal with. The larger you grow, the larger the ‘hater’ volume and sentiment.