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Innovation Leadership, ideas, inventions

Entrepreneurship

In The Innovation Machine. More on Medium.

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This refers to a patent application on how technology can capture the ‘rhythm of the game’ in sports events by leveraging smartphones and/or wearable devices by members of the audience.

A technology augmenting the online/TV experience of watching a live match by providing and visualizing the pulse of the game. Users watching a live game (physically, in-stadium) naturally react to certain match events and express themselves with ‘universal’, ‘natural’ movements. As the match evolves, ‘dramatic’ events causing the audience to react with a certain movement (stand-up, jump, etc.) is captured sent back to the central server, which processes the data in search of ‘concurrency-based patterns’ which are then translated and visualized to the connected online users. …


Five social concepts that could evolve in successful startups!

This post presents five social product concepts— from music and news to recruitment services — which have been in my ideas backlog for a while and could inspire ambitious entrepreneurs out there and trigger product development discussions.

1. A Social Music Discovery service

Allow people to naturally discover music by accessing the most popular & recently played songs in reference to a particular social situation.

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Assuming a particular social arrangement (a class in a University, customers in a Bar/Movie theater, friends having a coffee etc.); this app scans the connected music services of each person in the arrangement (for instance Spotify accounts, YouTube music content, etc.) …


Consider this thought experiment.

You’ve run Sales at a business for three years. This year an opportunity presents itself, a fork in the road. You can select one of two choices:

Choice A: Deliver, with 100% certainty, one million pounds to your company’s bottom line (profits) this year.

Choice B: Deliver, with 1% certainty, one billion pounds to your company’s bottom line (profits) for this year.

[Attribution: Astro Teller, Innovation Leader at Google X]

Which do you choose ?

Choice A is tempting. And for the risk averse amongst us, it is a solid choice. Nobel prize winning scholars Amos Tversky & Daniel Kahnemann (1979) masterminded the field of decision theory which (very plausibly) contends that it’s the way most of us are actually likely to go. We tend to prefer avoiding losses, rather than acquiring equivalent gains. So much so that losses are felt twice as powerfully as gains i.e losing £10,000 is the same psychological experience as gaining £5,000 — a cognitive bias known as loss aversion. …


Allow people to naturally discover content by accessing the most popular & recently consumed topics or content in reference to a particular social arrangement.

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Medium is a great platform in many ways. One of the areas which can be improved is Content Discovery — introduce intelligent ways to expose a user to content which proves to be somehow relevant and of value (to the particular user and point in time).

Content discovery is critical: there is great content in there, which will never be discovered by some users simply due to practical limitations

The obvious way to optimize the content discovery function is to improve the level of personalization and the power of the underlying content recommendation engine (or possibly reset its objectives). …


No matter the particular methodologies, tools, and practices, successful teams are powered by a single thing: a great, shared purpose, a bold vision

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Photo by Štefan Štefančík on Unsplash

After 20 years of leading software engineering teams — both in a project and product setups — I can identify team fragmentation as one of the most important risks. Team fragmentation is the symptom caused by deeper cultural and organizational issues and/or the lack of purpose (or understanding of the purpose). It is the situation when team members use their formal role, level, and responsibility area — consciously or not — to handle the challenges of the team, to ‘control their exposure’ and in some cases, to limit their responsibility. …


Entrepreneurs need an active backlog of concepts to spot true opportunities and set the right focus: how to organize, prioritize and make the most of your ideas

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The ‘Entrepreneur’s Backlog’ — image: pixabay

As an ambitious and potentially serial entrepreneur, you probably have an extra problem to solve: handling the volume of ideas you generate! And yes, this is a great problem to have! But you might end up overwhelmed by the volume and the need to prioritize and evaluate the tradeoffs. Or, driven by the excitement of a newly conceived concept, you could easily set the wrong focus leading to opportunity cost and non-optimal use of your energy.

If you do generate a significant volume of concepts or product ideas, you need a process to handle them — and use them in the best possible way. And handling here means, documenting and quantifying certain aspects (feasibility, expected impact, etc.) …


In the era of social media where anyone can share anything, Content Quality becomes even more important: its not only fake news — but poor content in general. Artificial Intelligence can help us fix this.

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Large online channels invest in optimizing click-through-rates (focus in optimizing the promotion of the content in order to attract user’s attention) and tend to ignore qualitative aspects of the content-driven experience (the actual article may prove to be irrelevant, low quality or not satisfying the promise of its promo-message); in many cases powerful images promoting the content create false expectations possibly leading to disappointment after clicking.

Content ‘timelines’ have also inherent issues: they are optimized for viral effects, CTR and other types of top-level engagement; they tend to ignore the actual quality of the content or specific user satisfaction measurements (how useful and informative a piece of content is; how large the gap is between the promise- that is the title and image of the content- and the actual story served). …


Users leaving location & time-locked messages to friends

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How about a service enabling anchoring messages in space and time? Then notify the recipients to go discover them?


Back in 2010, an ambitious team, a great concept and big thinking around an innovative social commerce service.

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plantobuy.com for consumers

This post summarizes the story of an ambitious social commerce project: plantobuy.com

Based in Athens, Greece, at the peak of the financial crisis (or what we thought it was the peak), this project had an additional challenge to face: extremely limited access to any form of funding.

THE IDEA

What if consumers could anonymously publish their buying plans online? What if retailers could target specific buying plans with special, personalized offers?

The core concept focused on allowing consumers to organize and publish their buying plans anonymously. Then, benefit from highly targeted, personalized offers and social advice. …

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