I like this word re-imagination from Mary Meeker’s Internet Trends presentation. We are seeing so many aspects of our life being transformed by the internet.
Take for example, ordering a cab to go somewhere. Either we phone for a yellow cab here in California or if you are in New York city, then you stand and wave for an incoming yellow cab to stop. The new game-changer is Uber. All you do is touch your smartphone screen for UberX or Black car and you get an instant message about the car coming in less than 5 minutes time with the driver and car info. It is cheaper and you pay by card (pre-registered in your Uber account). This is re-imagining the transport sector. Uber, a San Francisco company is worth about $17B and is operating in 70 cities around the world. Quite a disruptive force!
The following list shows several new alternatives using the internet technology that impacts varieties of activities:
– Grocery shopping – Amazon Fresh or Instacart
– Yellow Pages – Yelp
– Booking hotel – Airbnb
– Driving in traffic – Waze
– Satellite radio – Spotify
– TV Remote control – Amazon Fire TV
– Meeting new people – Tinder
– New money – Bitcoin
– Smart TV adopters – Apple TV, Google Chromecast, Amazon Fire TV, Roku
– Mojo Update (uploadable, sharable, findable) – Pinterest for common interests, Eventbrite for tickets, Fitbit/MyFitness Pal – measuring steps/distance/calories,
WhatsApp (instant messages, photos, videos),….
This list goes on and we find a new single-purpose application appearing almost every day. Gone are the days of multi-purpose web applications! In the area of data mining and analytics, we find new companies like Dropcam for home monitoring (just acquired by the Nest division of Google), Jawbone health wearable device, Netflix for media personalization and discovery, AppDynamics for application performance monitoring, SnapLogic for cloud integration, and Ayasdi for automated insight discovery.
No wonder that our kids are growing up with such different habits than the old times – no physical newspaper reading, no TV watching at specific show times (Youtube is good enough), or no sending emails in the old fashioned way (all short messages and Twitter and Facebook for broadcast). Even physical book reading is declining, with eBook readers all around.
Last month my two sons gave me two gifts on Fathers day – Apple TV and Google Chromecast. Now I see the benefit of not using cable. I also love using Uber during my trips. My Fitbit keeps me alert on meeting my daily walking goals.
This follows the dictum – Old order changeth yielding place to new.