Description: In the real world, your personal life is a private space. But in tech, your personal data is a ripe resource for businesses to harvest in their own interests.
Date:May 1. 2017
When it comes to data collection, services like Unroll.me and Uber are small fry compared with internet giants like Google and Facebook, which have a wealth of information about people. And then there are large data brokers like Acxiom, CoreLogic, Datalogix and ID Analytics, which collect, analyze and sell billions of details about consumers’ online activities for marketing purposes.
For consumers, giving up some data has become part of the trade-off of receiving compelling, personalized services. But that doesn’t mean you have to be caught by surprise. Here are some tips from privacy experts on protecting yourself from tricky data collection.read rest of story
1. Should we, as consumers have to give up personalized information to use a digital service? Why or why not?
2. How does one make sure that their personal data is being protected and is secure?
Description: At its height back in 2000, the U.S. cash equities trading desk at Goldman Sachs’s New York headquarters employed 600 traders, buying and selling stock on the orders of the investment bank’s large clients. Today there are just two equity traders left.
Source: MIT Technology Review
Date: Feb 7, 2017
The experience of its New York traders is just one early example of a transformation of Goldman Sachs, and increasingly other Wall Street firms, that began with the rise in computerized trading, but has accelerated over the past five years, moving into more fields of finance that humans once dominated. Chavez, who will become chief financial officer in April, says areas of trading like currencies and even parts of business lines like investment banking are moving in the same automated direction that equities have already traveled.
Today, nearly 45 percent of trading is done electronically, according to Coalition, a U.K. firm that tracks the industry. In addition to back-office clerical workers, on Wall Street machines are replacing a lot of highly paid people, too. READ REST OF STORY
Questions for discussion:
1. Do you feel that that Computerized trading and AI will make the financial industry almost a employee less industry ? Why or Why not?
2. Do you feel that Government industries are susceptible to this sort of computerization and AI to reduces Public service employees in Canada by a significant amount? explain
Description: People have made fortunes selling cars and trucks. For many of us, a car is the second most expensive thing we’ll ever buy. But experts say the value of vehicles will likely pale in comparison to the riches from our cars’ data.
“Data is the currency of the digital age,” said Jim Barbaresso, who leads Intelligent Transportation Systems at HTNB. “Vehicle data could be the beginning of a modern day gold rush.”The gold rush analogy is a common one, made by everyone from Barbaresso to the CEO of Daimler. Here’s why there’s so much potential:
Cars increasingly have sensors and cameras to track their performance and their surroundings. Vehicle sensors, for example, can better tell when an engine part is in need of replacement. A back-up camera doesn’t just help us park, it can tell how many pedestrians or vehicles are on a block.
These sensors generate data, which can be analyzed to make money. (If you doubt the way data can be turned into money, just look at the success of Google (GOOG) and Facebook (FB, Tech30). They offer free services to billions, and make a fortune off the data they collect.)
Description: A few years ago, the biggest enemy of the music industry was Pandora Media. Then Spotify became the target. Now it is YouTube’s turn.
Date: May 31. 2016
In recent months, the music world has been united to a rare degree in a public fight against YouTube, accusing the service of paying too little in royalties and asking for changes to the law that allows the company to operate the way it does. The battle highlights the need to capture every dollar as listeners’ habits turn to streaming, as well as the industry’s complicated relationship with YouTube.
The dispute has played out in a drumbeat of industry reports, blog posts and opinion columns. Stars like Katy Perry, Pharrell Williams and Billy Joel have signed letters asking for changes to copyright laws. Irving Azoff, the manager of artists like the Eagles and Christina Aguilera, criticized YouTube in an interview and in a fiery speech around the Grammy Awardsread rest of story
1. Do you think changes are needed in the in the copyright laws for the recording industry?
2. Do you feel these artists will will be successful in their strategy to capture every dollar from listeners of the digital product? Why or Why not?
Description: To you and me, the transformation seems gradual. Your business acquires more sophisticated tools, walls begin to disappear and fax machines vanish.
Date:May 27. 2016
First, your workforce trades in their pressed suits for business casual khakis, then jeans and, now, occasionally even shorts. On any given workday, only about two-thirds of your team is working in the office. The change is steady, like most sustainable paradigm shifts.
But imagine for a moment plucking your grandfather out of his mid-century office and dropping him in the middle of an ultramodern workspace. Would he even know he was at work? Would he recognize anything? Or would he spend hours searching for his Rolodex, typewriter and carbon paper?read rest of story
1. What do you feel are the two most important trends? Why?
2. How do theses trends relate to the income statement paradigm that was discussed in class?
Description: City staff in Toronto and Ottawa have developed draft regulations that would create a new set of rules for app-based ride hailing services.
Source: Tech Vibes
Date: April 11, 2016
On Friday, Ottawa City Council’s community and protective services committee voted to approve the new regulations. That means they’ll go before the entire city council for a vote on Wednesday.
If that passes, the new rules will go into effect in September. That would make Ottawa the second city in Canada to license and regulate Uber, after Edmonton.
Under the new rules, Uber and other “private transportation companies,” as the city describes them, will have to pay a license fee to operate in Ottawa. That fee caps out at just over $7,000 a year. There will also be $0.11-per-trip charge.
Both PTCs and their drivers will have to carry insurance. Companies like Uber will have to have $5 million in commercial liability and $5 million in non-owned automobile insurance. Drivers will have to obtain “suitable” insurance.
Drivers will also have to get annual criminal record checks and vehicle inspections. Companies like Uber would be required to provide proof of that to the city on a regular basis.
Taxi drivers say they don’t like the new rules and that they’ll continue protesting.
Description: Imagine walking into a shopping mall on a mission to buy something very specific — the right tie for a job interview, the perfect handbag for a wedding — and knowing immediately where to look. Instead of endless hours wandering from store to store, combing the aisles for the right purchase, you know immediately which shops have exactly what you’re looking for and which has the best price.
Date: Dec 15, 2015
Products are becoming to become intelligent, too, as more items and packaging start to come with low-energy Bluetooth tags that will guide smartphone-equipped shoppers to the exact location of the item they’re looking for. Combine that with customers logging in to good-old fashioned Wi-Fi networks and the retail environment becomes a rich mine of data for retailers who choose to build the supporting infrastructure to capture, analyse and interact with it. Read the Rest of the Story
1. What is the promise of Cloud Computing for the Retail Industry?
2.. What do you see as the two biggest benefits of cloud computing in the retail industry ? Why?