Beam Me Up, It’s A Team Up

Well I confess an econogeek like me is pretty excited about Wal-Mart, Target, CVS, and a few others were teaming up to make their own automatic payment system.  I’m excited because, well, it’s interesting and I like technology, and of course it promises to have lots of job potentials and opportunities.

Stephen Carpenter of Endorse.com laid out his thoughts at Venture Beat in a nicely categorized article that you should read.  He points out the data exchange advantages, the cost reduction, etc.  Two things struck me that are important for progeeks out there in finance and technology.

First, Carpenter notes frankly that consumers do NOT want a bunch of solutions to payments.  They want one, maybe two, and they want them to work.  Whatever happens out there in autopayments, at best I see 2 maybe 3 real alpha payments on top – and probably really 1-2.  Simply, there’s no room for too many, and even if a solution is just a frankenstinian combination of many solutions, it’s still one solution on the consumer end.

I think he’s entirely right, and the takeaways are:

  • If you work in mobile and electronic payments remember there can only be a few – maybe even one true – winners in this space.  If you’re not sure you’re going to be them, you need to keep your eyes open or prepare for acquisition.  If you are sure you’re working at the winner, then you need to go to a therapist to check your delusions of grandeur.
  • This market is going to shake out at some point.  Be ready for it.
  • This could accelerate further mobile adoption of various technologies.
  • What will amazon and other tablet makers do – since people may want to use said devices for payments as well since they’re omnipresent.

But there’s one other thing – and that’s the presence of Wal-Mart.

Now I’m no fan of Wal-Mart – you know that.  Sure I’ve wondered if they may go hip and high tech – and if it could save them, though it sounds like they’re doing better lately.  Indeed, this mobile move may be a good sign they’re trying to do more and be more upscale.

However, Wal-Mart seems to operate with a very extraction-driven methodology.  So my concern is their involvement in this mobile project could result in them looking more to slash costs and increase sales to the detriment of a larger, functional, long-term sustainable project.  The temptation will be there to get as much out of it as possible, and I can’t see their partners being as enthused.

So I’m concerned this project may turn into one of the failures, or shatter into several pieces, or have to go much larger to avoid the possibility of Wal-Mart trying to overuse it.  Yes, I know they’re going more high-tech, but I fear out of all of the members of this alliance, they’re the ones that may think too short-term.

– Steven Savage

Steven Savage is a Geek 2.0 writer, speaker, blogger, and job coach.  He blogs on careers at http://www.fantopro.com/, nerd and geek culture at http://www.nerdcaliber.com/, and does a site of creative tools at http://www.seventhsanctum.com/. He can be reached at https://www.stevensavage.com/.

Let’s Get Travelling

So Google has bought the Frommers brand.

This makes sense to me.  Google has assorted travel-related things (well, maps), it consolidates ratings, and of course having Frommers involved gives them more advertising opportunities.  Also it keeps them out of other people’s hands (perhaps, Yahoo).

This has made me think about Yahoo’s future with advertising, since that’s well, their big thing.

Really there’s a point where people get tired of advertising.  But advertising that can be so integrated into information isn’t advertising.  Google is innovative.

So I wonder if Google at some point, in a viable area (say, travel) is going to really get experimental with advertising.  Offer so much the advertising is invisible, integrated, helpful.  Frommers would be a great addition to any travel site, but also, amusingly, a way to further blur the lines . . .

Just theorizing.

Also theorizing what jobs other future integrations could bring.

– Steven Savage

Steven Savage is a Geek 2.0 writer, speaker, blogger, and job coach for professional and potentially professional geeks, fans, and otaku. He can be reached at https://www.stevensavage.com/.

 

Yahoo On Buying Spree?

Well that’s the prediction at All Things D.  With $4 billion from the AliBaba sale, a desire to turn things around, and a company in desperate need of not being a disaster, this seems like a good way for Marissa Mayer to go.

It’s not like Yahoo hasn’t bought things before.  However, I think at this time this is extremely logical – and something to watch for.

Yahoo can’t survive being Google light.  Yahoo has been squeezed in a lot of spaces.  What it can do is buy other companies, innovate internally, and cut projects/sell off projects that aren’t working.  The first two seem to be Mayer’s MO especially, and I’m sure no one at Yahoo will have trouble with the latter.

Besides, if action happens around Yahoo the board and stockholders will probably be pretty happy since something is happening.  So I don’t expect them to get antsy.

Regarding innovating internally, I’m sure that’ll happen.  Mayer was involved in a lot of projects at Yahoo that are well regarded, including Gmail.  I hear good buzz here in the valley. But as for buying . . .

It’s actually a perfect time.  VC is a bit of an erratic game, I’m sure IPOs don’t look as appealing after Facebook and Zynga.  There’s also legions of smart, innovative, and interesting companies out there, and it’s a time of change and transition.

So what does this mean for you?

If you’re at a likely buyout target (and I confess figuring out what that may be is a bit of a poster), keep an eye on the situation, you may be surprised.

Target or not, see what Yahoo does purchase, as we can probably discern a strategy from it.  That can give you an idea of what may happen to you, to them, and new opportunities.

A riches-to-rags-to-riches story with Yahoo could be a kick in the pants to IT, and bring investors and money further forward to other companies.  WIll it be wisely invested is another question, but hey . . .

Yahoo tossing money around and evolving and changing will probably upset and disturb a few competitors (which we won’t necessarily be able to identify until we see what they’re up to).  Yahoo may disrupt a few strategies.

So a lot of money to toss around.  What’s going to happen . . .

– Steven Savage

Steven Savage is a Geek 2.0 writer, speaker, blogger, and job coach for professional and potentially professional geeks, fans, and otaku. He can be reached at https://www.stevensavage.com/