2014 belongs to Social Commerce, Bitcoin, Wearable Tech and Sentiment Search

2013 saw the rise and rise of mobile commerce, the stock market launch (and surge in share price) of social media sites such as Twitter, LinkedIn & Facebook, the introduction of wearable technologies like Google Glass, and high demand for Bitcoin took its valuation to $1,000.

Google shares reached over $1,000, LinkedIn shares are trading at over 300% of their original value, Twitter and Facebook shares are strong too. Overall, the year was very exciting and reached heights that caused  critics to suspect a tech crunch just around the corner.

On  the downside, 2012 stars like Zynga and Groupon have struggled to maintain their share price and profits, and Samsung and Apple went to war over various patents.

Amid all these highs and lows, I have spotted some trends that might dominate the coming year’s technology developments.

1.Facebook, Twitter and LinkedIn might need to think beyond display advertising or parish

Social media networks have become the most popular and most time-consuming sites and applications for users and the big three ($FB, $TWTR and $LINKD) are already trading on Wall Street with a combined valuation of over $200bn and a valuation per user over $100,  but revenue per user still in single figures. Therefore, I think to justify their valuation and competitive advantage, these networks will be forced to find means for brands to do commerce solely on their platform, because revenue merely based on display advertising and industry specific marketing products is not good enough and might only take them to closure rather than leading them to flourish.

2.Google, Samsung and Apple will indulge in a big wearable technology domination war

The Consumer Electronics Show (CES) 2014 in Las Vegas is full of companies (including LG, Intel, Sony, and Samsung) demonstrating wearable technologies, such as: smart watches, smart bands, smart ear buds, and smart glasses.

Apple and Google are not participating in CES 2014 but undoubtedly they must be keeping track of their competitors with an eye on the almost saturated smartphone and tablet market.
Apple has already filed a patent for iWatch and, due to shareholder pressure, might launch this in 2014. If we believe in the continuation of historical trends around competitors product launches following Apple’s new product release, I am sure Google glasses will come out of beta and Samsung will improve their already launched Galaxy Gear in order to be top of their industry; a wearable technology war seems inevitable.

3.Sentiments and Location Search will replace Google Keyword Search

For many, Google keyword search is still the primary form of data finding service. However, the rising popularity of Q&A engines like Quora, Facebook’s Social Graph, Apple’s Siri, Google’s Map, and recently launched Social search app Jelly, by Twitter founder Biz Stone, indicate the futuristic search trend is more aligned to human sentiments, where users can search stuff based on real intention rather than generic search terms.

4.APIs accelerate Marketing Automation but surge bot rates too

“A study by Incapsula suggests 61.5% of all website traffic is now generated by bots. The security firm said that was a 21% rise on last year’s figure of 51%; however, Activity by ‘good bots,’ it added, had grown by 55% over the year.”

The trend will continue because marketing automation with artificial intelligence is gathering momentum and content networks and providers are giving access to their data via open APIs.

5.The direct messaging industry is poised for disruption or consolidation

Snapchat, WhatsApp, Blackberry Messenger (BBM), Twitter Direct Message, and Facebook Messenger process over ten billion direct messages every day. However, none of these has managed to determine their monetisation model, which means consolidation is inevitable. Biggies like Facebook and Twitter in particular are trying to spread their wing in this sector.

6.Bitcoin or virtual currency will become mainstream

Recent developments in the virtual currency industry are:

1) Bitcoin is trading at $1,000 after Zynga announced that they will take Bitcoin as formal currency to sell their products or games.

2) Many companies are already following the Bitcoin success story and launching their own currency such as “a new Bitcoin-like virtual currency inspired by rapper Kanye West is set to be launched, and has been named “Coinye West”. Kanye West is not involved and has yet to comment on its inception. It will follow in the footsteps of “Dogecoin”, another virtual currency based on the popular Doge meme.”

3) Amazon and Facebook are pondering their own currency too! Overall, 2014 will see virtual currencies become mainstream!

4) National government such as Singapore Tax Authorities (IRAS) Recognise Bitcoin;

Eight Qualities that make a good Product Developer

Product Development Recently product development has become very intriguing career choice in computer science field. People like Steve Jobs, Mark Zuckerberg, Jack Dorsey and Jeff Bezos have become household names and role models to aspiring entrepreneurs, and computing has, to a certain extent, replaced the oil and commodities sectors on Wall Street as a future investment bet. Many big universities have already introduced product development as a separate subject and unsurprisingly these courses are oversubscribed despite high fees.

However, having been involved in product development for both consumer and enterprise software and hardware, I am inclined to believe that product development cannot be learnt or taught over a relatively short time period as it is a continuously evolving process to find a solution for identified problems.

Based on personal experience, and after researching the thoughts and actions of many product developers from companies such as Facebook, Instagram, Google, Twitter, LinkedIn, eBay etc., the following characteristics have identified that might help product developers to become successful!

1.Passion:

Passion is about determination – finishing the job with calmness and confidence; it is not shouting and swearing.

Passion is the first characteristic everyone expects from a product developer, but I am not sure if all developers understand what passion stands for; some confuse it with obsessive aggression, argumentativeness and impatience, which can have an adverse effect.

In my opinion, the passion means a determination to finish what you start, regardless of pain and hurdles, and the work must be carried out with confidence so that you can remain focused, productive and immune to failures.

2.Drive:

There is nothing wrong with being driven by money or fame

Hunter Walk wrote a very good article and he emphasized the three most important things for product development: love, greed and fear. I must admit that the second one, greed, left the most lasting impact on me, as he rightly mentioned that greed relating to becoming famous and/or rich can potentially bring a focused and non-egoistic approach to developing a product quickly. 

3.Proving yourself:

Use personal grudges to motivate  yourself.

I was attending an event and one of the most experienced entrepreneurs in that meeting mentioned that he wanted to develop successful products  because, ”I need to prove many people wrong and rather than talk the talk, I like to do walk the walk and make things happen.”

Another example is in Nick Bilton’s new book Hatching Twitter:  Square is the byproduct of proving those people wrong that pushed Jack Dorsey out of Twitter.

4.Standing away:

Don’t get emotionally attached and learn every day.

Emotional attachment to a product can become hurdle to its development. Just because you want to shape a certain product in a specific way does not mean that everyone will buy in to your idea. As a product developer, you must be fixated on the problem you are solving but not on the way you choose to solve it i.e. if your product ends up completely different to what you first envisaged but solves the problem, you are winner!

5.Aptitude over qualifications:

You don’t need to be an engineer to build product.

Companies from Google to Facebook emphasize that product developers must be engineers. However, there are many examples in the technical world where people from a non-technical background become product developers. Steve Jobs was art school drop put was not a technical guy; he was a salesman at Atari and had vision to shape computer hardware in certain way to make it accessible. Working with the technical skills of Steve Wozniak, he developed the first personal computer and the rest is history.

6.Control the whole development cycle

Product development is not just about developing a piece of software and/or hardware; it needs a holistic approach.

As well as doing the things you love, you have to manage people, processes and technology.  You might have to be a tester one day and project manager or blogger or legal representative another day.For example, a developed product must go through legal checks to ensure that no copyright is infringed. As the product developer you can’t shy away from taking that responsibility and you will need to engage with non-technical people to ensure the whole product is ready.

 7.Build an honest team:

Surround yourself with people who can criticize.

Build a team that can identify issues with your product, not “Yes boss” colleagues, who are either charmed with your enthusiasm or have no clue about your product and therefore fail to pinpoint any issues. For example, I suspect that Microsoft’s failure to identify the internet opportunity and Yahoo’s inability to convert their content to context, losing the race to the likes of Facebook and Twitter, is result of this misinformation to their main product developers.

8.Step out of your comfort zone

Product development is a very time consuming activity and comes with huge responsibility and leadership. However, for greater productivity, and to remain in touch with the ground zero reality, every product manager must take some time out from their routine life and must involve themselves in activities that force them to think outside the box, such as become a volunteer worker at a sports club or charity, go to new places and work with people whose skills don’t match yours.

The key is you must work at something which doesn’t fall into your usual professional, social or personal domain and challenges you to step out of your comfort zone and broaden your horizons. 

3 Factors that can Hinder Product Development for Startups

Converting and ideas to product a humongous tasks and need lot many soft skills, sacrifice and courage in addition to hard core technical skills. There are many Startups and entrepreneurs failed to reach at pinnacle of their work just because somewhere in between inception and implementation, they lost faith in idea, product or themselves and shelves the whole plan along with great opportunity to make something valuable to society.

The current stats suggest that only 5% Startups do survive in their third year and out of those only 2% become profitable in fifth year. However, it is very difficult to digest that out 100 only 2 ideas were worthy enough to survive!

After talking to some seasonal entrepreneurs and looking existing startup data, we have compiled a list of factors those might contribute into ultimate failure during startups lifecycle.

1. Someone will nick your idea

Never scare in revealing your ideas to friends, family, colleagues, VCs, Meet up group or any potential investors. The notion of someone can nick your idea is largely false as converting idea to real products needs lot more than just writing something on piece of paper or verbally discussing it.

Takeaway: Let people dissect up your idea at early as possible as their critique can help you to fill up gaps in your thinking and build a real product that can be monetised

2. Not riding against latest fads

Entrepreneurship is all about riding against the tide, if current trends suggest to go right, you shouldn’t hesitate to go left if you strongly believe that it works in your favour. The gist is if you will try to develop the product by following recent trends, you will more likely to fall, as many Startups try to ride on the popularity of Facebook, Pinterest, LinkedIn and Twitter and ended up creating similar kind of social media platform and subsequently died.

Takeaway: Create a product that solves problem or filling any gap not just follow existing successful products targeting niche market in hope that you will also become part of history.

3. Giving yourself fix time frame for positive cash flow 

Many budding entrepreneurs gave themselves specific time period when start ventures. However in realty it is other way round i.e. in many cases it is almost 1000th day of your start up that company goes in positive cash flow with the exception of few companies.

In addition to, the Entrepreneur also stops because they are running out of cash or failed to evolve their product to cop up with market changes but these issues can be offset if planned beforehand! Such as don’t scare to work at Tesco Till or as Bar Tender or take part time consulting work if that can pay your bills and keep you going with product development.

Takeaway: Keep going until your product is monetised and don’t set a time period as that might hinder you eventually become successful.

Why Bitcoin (virtual digital peer-to-peer currency) is not a bubble

A recent crackdown at Liberty Reserve by the NYC Attorney’s Office regarding an over $6 bn money laundering case once again puts the limelight onto  virtual digital peer-to-peer currencies and their legitimacy! Before this, bit coins were in news, with a highly inflated price and then steep reduction in valuation, from $288 to $168 within a week. Due to the high volatility of digital currencies and doubts as to their legitimacy, many pundits predict the current surge in these kinds of currencies is an accident waiting to happen (i.e. a bubble is about to bust)! In addition to this, experts add virtual currencies to a long list of alternative currencies that disappeared quickly over the several thousand years of human history!

On the other hand, these digital currencies, especially bit coins, are attracting big investors like Goldman Sachs, Morgan Stanley, UBS, Citigroup, and BlackRock as an investment option. VCs are also heavily investing in bit coin start-ups i.e. the believers in this type of currency are not bowing to the current market view and are considering virtual currency as a viable option for consumers, suppliers and investors.

Despite all apprehensions about legitimacy and anonymity of virtual digital currency, the concept has legs, and I strongly believe, for the following reasons that digital currency will prevail for far longer than experts suggest!

1. Bit mining has logic and not FREE

Bitcoin is a crypto-currency; a decentralized, open source, peer-to-peer network based medium of exchange that for years has enabled online transactions to be made more simply and securely therefore the concept of money mining is not new, and digital currency enables consumers to mine their own currency. For example, bit coin clients enable users to become part of a pool and earn some their own coins in exchange for computing resources such as hardware i.e. Bitcoins are mined in a computing resource-intensive process that validates transitions by solving a series of cryptographic puzzles.

2. Anonymity is by choice, not mandatory i.e. every bit is traceable

The very foundation of Bitcoin is laid on computer resources that can be tracked and traced by their digital signature and blockchains that link Bitcoins to each other and “to date, there haven’t been attacks on blockchains that led to stolen money, heists from exploiting the protocol or thefts due to holes with the original Bitcoins client.” In other words, the recent accusations that, due to the anonymity of this currency, it is widely used by arms, drugs and other notorious dealers for transactions are sheer myths.

3. P2P means transactions are instant with no conversion and commission fees

Virtual and digital currency enable peer-to-peer instant transfer of money, which means unlike banks or credit card companies, the transactions don’t take days and no money is lost to payment processors in currency conversions, commission or transaction fees.

4. Digital and Virtual means not controlled by regulatory bodies

The best side of open source virtual currency, which is recognised by the US Financial Crimes Enforcement Network (FinCEN) is that their values cannot be manipulated by governments to give undue aid to their economies i.e. the game is fair for everyone who participates in this.

Overall, virtual digital P2P currency can be a real alternative, and works especially well in digital space i.e. to produce and consume content over a digital platform, as this has potential to monetise and buy digital products at real values, rather than rely on various currencies, financial institutions and the bureaucracy around those.

However in order to get more credibility, legitimacy and, above all, acceptability,  there is still huge room to improve Bitcoin’s mining and exchange logics such as:

1. Bitcoin mining logic must be aligned to digital content produced and resource consumed, in order to produce the content;

2. Bitcoin exchange rate, even though it relies on supply and demand, but must be proportionate to gross digital production so that price volatility can be controlled i.e. a transparent currency mining formula is needed to make sure no one is unduly able to mint the money.

Marissa Mayer must play bigger gamble than Summly to revive Yahoo!

Yahoo

Since Marissa Mayer took over Yahoo, shares are on continuous rise and behave gone from the slightly embarrassing price of $14 to a rather respectable $26. And all credit should go to her quick turnaround approach of product consolidation, management makeover, site revamp, acquiring new-generation start-ups and drive to remain top of the interest graph.

Perhaps it is too early to form an opinion, but recent progress hasn’t shown any real intent from Yahoo to indicate that they would really like to make inroads into the very social media and cloud oriented content generation world, as all these new developments are around enhancing their existing products and linking to Facebook or Microsoft, which rely more on content aggregation than crowd generation.

So let’s look more deeply at Yahoo’s current situation, potential issues and what might help them to overcome these problems and bring old glory back!

Yahoo is consolidating products and services, cutting costs and trying to acquire some new generation start-ups

Marissa joined the company after the Jerry Yang boardroom wrestle and then the very untimely and embarrassing CEO (Scott Thomson) exit, but she is trying very hard to bring focus back to company’s core competence and she and senior management indicated  that Yahoo’s objective is to create personalised and interest-focussed mobile content for users, so that display ads, the prime source of revenue, can continue to grow and give her and the company breathing space to decide their future direction.

One undeniable fact that still hugely favours Yahoo that its home page is one of the most visited and where people spend the longest time, especially in the USA.

But this is not enough

Google has been doing it for many years and the rise of the likes of Facebook, Twitter and the now revitalized AOL as display ad networks means that Mayer knows that display advertising is a very competitive field and she needs some real wow factors to remain in the game long term. Therefore, she has already started exploring other avenues to increase shareholder value, ranging from cost cutting via senior management exits and staff redundancies, to discarding some non-profit products, trying to shed some shares from Alibaba, raising stakes in Yahoo Japan , buying start-ups like Summly, Pinterest-style news startup, Snip.it, video chat startup OnTheAir and Stamped; rumours about Zynga and Dailymotion are also circling around.

Overall, Yahoo, with core competence around content generation and leveraging that via Yahoo Mail, mobile and web and vertical search, are determined to enrich their content factory, which may be a quick fix, but looking at current trends of content consumption or distribution from text, images, music , social network and/or video, Yahoo don’t have any products or services in the top two or three options, which means the future is not that rosy until Yahoo/Marrisa Mayor come up with a product line that can stand out from others in this biz!

What can Yahoo do to become a $10bn company?

If Yahoo wants to regain top spot, they know they have to fight with new content generation tools like Facebook, Twitter, blogs like Huffington Post, and new generation vertical search engines like Kayak.com, TripAdvisor etc. Only acquiring content aggregating companies like Summly or some other start-ups might not be the long-term solution; rather they have to look to more cutting edge and matured companies such as:

Yahoo do an AOL and buy Tumblr/Disqus

AOL’s revival is legendary. Tim Armstrong kept to basics i.e. generating content, but this time did something out of the box and bought new generation blogs like Huffington Post, TechCrunch and Engadget, which means they are very much in the social and interactive world and now in the top five most read categories for politics, sports, technology and others.

If Yahoo buy blog hosting sites like Tumblr with over 200 million blogs, or comment generation tool like Disqus, they would have a very cutting edge solution to integrate their display advertising concept!

Yahoo does a Google and aims for an enterprise presence by buying DropBox

Even though Yahoo Mail is still a huge presence, they failed to materialise that in the enterprise arena and I think that, in the same way that Google drive mail and business apps, Yahoo must expand their offering to businesses. Perhaps buying a company like Dropbox, in the same way that Microsoft bought Yammer, could be the way forward?

Yahoo buy a new generation of vertical search engines like TripAdvisor;

Buy Yelp or FourSqare to provide some real-time location-based mobile services – this will give a huge boost to their mobile push;

Buy WhatsApp or another new generation messaging tool.

Like Microsoft with Skype and Google eying up WhatsApp, Yahoo should also jump into the race, as SKYPE, Twitter and WhatsApp have, and change the way we message now – Yahoo must grab this space before it’s too late!

Yahoo must bring search in-house

Coming from Google, no-one knows better than Marissa that search is the trick to make bucks in the online arena, because search is about intent, not just interest, and intent to buy something can drive more money than just mere interest.

Conclusion: Play big with $4.8bn cash – otherwise slow death

Overall, Yahoo is great company founded on aggregating content and creating a one-stop shop portal along with Yahoo Mail and search. However along the road they missed the social, search and mobile boat which reduced them from one of the web giants to a company struggling to survive, and if Yahoo want to compete with Google, Facebook and Twitter now, they might have to take make some drastic changes like buying Tumbler, Dropbox, Zynga, Disqus, or Yelp, who can help them crowd source content and make inroads into the enterprise market. If they don’t take a major step, some smart tech teamed with old-fashioned aggregation and directory structure will only lead to slow death.

In other words Marissa Mayer is right to push for interest graph and mobile-oriented content but rather than banking on small start-ups, she must make a bigger gamble by buying established cutting edge tech companies and restoring the advertising space that used to belong to Yahoo, who had over $7bn turnover in 2008!

Is crowded music subscription market poised for another (Facebook + App Store like) disruption?

Recent rumours around Facebook Timeline having a music feed, Twitter’s standalone music app, Amazon in talks with big record labels plus Google and Apple to join the music subscription business bandwagon have revitalised the debate around the music industry and its future. The industry is on a rollercoaster ride, mostly downwards (in monetary terms) since the advent of Napster and BitTorrent, and has seen one-time industry leaders like HMV and EMI reduced to minnows or on the verge of bankruptcy. However, the recent financial stats suggest, for the first time in ten years, an upward trend and raised hopes of a revival.

Let’s look at this $16.5bn market where average users spend over 14 hr/week and see how exactly contents are distributed , who the main players are, the likely future trends and possible options to achieve sustainable growth!

Piracy, Pay-as-you-go and free play with advertising are currently the dominant trends, as according to the International Federation of the Phonographic Industry (IFPI) 2012 report, recorded music industry revenues rose globally by an estimated 0.3 per cent to US$16.5 billion in 2012. However, digital revenues increased by an estimated 9 per cent to US$5.6 billion in 2012 and now account for around 34 per cent of global industry revenues, with the following breakdown:
Music Sbscription Stats

In addition, the above reports suggested, and this is very clearly visible too, that “Music is driving a broader economy i.e. Recorded music is helping fuel a range of industries, from social media platforms to radio broadcasters, headphone to handset manufacturers, live concert promoters to bars and nightclubs. As a simple illustration of music’s influence on the digital world, nine of the 10 most viewed videos on YouTube are music videos.”

Reports also suggest that “Consumer satisfaction with licensed services is demonstrably high” and the reasons are “first, security/ ease of payment; second, the guarantee that the service is legal; third, because they trust the brand/company. Users of subscription services pointed to the ability to discover new music, their free of charge
tier of offerings and the ability to listen to music without needing to purchase individual songs.”

So the clear winner among all the options is music subscription services, and due to higher satisfaction fans are subscribing this concept is on high rise and for now this looks like a future.

Overall, the industry looks very healthy apart from the piracy issue, and if on-going legislative efforts and music subscriptions continue to progress, music piracy, like software piracy, could be under control. In fact, European Commission findings suggests that piracy helps in boosting profit as it encourages users to buy the un-pirated good quality product once they listen to a song they like from a pirated site.

But beneath this rosy picture there is a very critical issue bubbling under the very foundation of this industry: profit margins are very low because there are too many intermediaries between the musician and the listener, such as lyricist, publisher, promoter, music managers, lawyers and distributors, and on top of that a label spends 25% of their revenue in marketing i.e. promotional costs are too high, which means no one (especially artists) can make money. This means music subscription might not after all be the model going forward and therefore the industry is in dire need of finding a business model that can really help it to survive in the long run.
musicclout.com

For a sustainable model, the main objective is to cut intermediaries and so achieve costs allowing both publishers or distributors and musicians to survive. Some obvious options to achieve this include artists using YouTube in conjunction with Facebook, Twitter and Pinterest to directly distribute their content, but we should be realistic and accept that there are not many Justin Bieber’s and PSYs (Gangnam Style) who become heroes overnight via social networking sites. The truth is that promoting YouTube or Facebook channels is extremely difficult for artists and the success rate is fraction of one per cent.

So if we know that we need to make a more workable model, we know that we need to increase profit margins for musicians and distributors, we know that we must create a purely promotional mechanism to promote good content created on YouTube, MySpace and Facebook, and we also know that for fans high quality, discovery or interaction, brand and security are the main factors when they listen or watch music, then I am sure we can disrupt this industry beyond music subscription.

Here are some ways it could be done:

1. An independent label can make more interactive content – as the Spotify CEO rightly suggested, a very possible and engaging option to encourage digital interaction between artists and fans. So a song could have five different versions and fans would be allowed to choose which one they like best. This means higher engagement and more traffic and so high advertising revenue.

2. Spotify (or another distributor) can ‘do a Netflix’ to remove layers between artist and listeners i.e. distributors become labels or publishers, in the same way that Netflix is creating their own content.

3. Create Music Facebook on top of Music Cloud (i.e. subscription) – MySpace is projecting itself as music blog but here the idea is that we should develop a technology where singers, lyricists, guitarists, drummers, video directors etc. can crowd source a music album and then the publicist and distributor can use same platform to promote that music e.g. Music Facebook + App Store.

4. Integrate advertising to audio and video – can we not truly integrate advertising to music audio (song’s words can tag to different lyrics) and video via tagging (e.g. the artist’s car, clothes, beverages etc. can tag to brands) so that advertising gets more eyeballs and ear-pings than it does now when advertising content is appended to music videos before after songs? It needs some thought, but let’s create a win-win revenue-generation situation for both advertisers and musicians.

In summary, despite all the recent growth and success of the music subscription model, the industry is struggling with issues like piracy, low margins and continuous disruptions (the latest one being the music subscription model) and all of these are hitting the industry pillars, like labels and musicians, really hard.

Therefore, there is need to create a model where artists and distributors can make money and at the same time fans can get the best quality at the lowest possible price. Possible options could be distributors becoming publishers or the invention of an interactive audio/video blog with integrated advertising. Whatever happens, the industry is heading for another disruption pretty soon!

Digital disruptions to Embed Technology into the Human Body and Emotions

srknet.co.uk - wearavle technology

Wearable Technology

The whole of Silicon Valley is buzzing these days with noise around Apple’s iWatch and Google’s Glasses, which are due for release any time this year or early next year! The excitement is very legitimate as both products have huge potential to make human communication and processing more seamless. And it doesn’t stop there, as both Google and Apple are gearing up for whole new range of products in the near future, as Sergey Brin explained at a Ted conference that the current mode of portable communication and data processing devices (i.e. Smartphones) are not up to the mark and can get far better than this. At the same time Tim Cook (Apple CEO) consoled their worried investors, concerned about falling stock prices, with a strong indication of whole new range of products.

    This article is not about discussing features of Google’s Glasses and iWatch, but is more about analysing next wave of Silicon Valley product line for hardware, network and software i.e. let’s look at what exactly the future might hold when it comes to communication and information processing, based on earlier indications from industry experts & leaders, recent rumours and glimpses of upcoming product lines.

All indications are toward hardware embedding in the human body
Manufacturers and marketers have finally realised that the smartphones, tablets, and laptops are not the most convenient devices when it comes to carrying, using them for taking pictures or video, and on top of that they are under pressure to come up with new product lines to beef up their revenue and allay the threat of reducing product life cycles. All these factors in addition to recent advancement in core processors, voice, image, touch screen and semantic analysis might force big players like Apple, Samsung and Google to come up with a product line that can be easily carried and at same time naturally process audio and visual data. For example, Google glass with retina-focussed built-in camera with voice recorder can process images in one blink, instead of taking out a phone, switching it on, opening the camera app, focussing and taking the picture. Similarly a watch with built-in phone, music app, health indicators and voice recognition can easily replace phone, SMS, email, and social media activities! Another example is that Nike has launched a wristband to calculate your body mass index, calories burned, heartbeat, distance covered, height climbed etc. when doing exercise!

Sentiments are sexier than location when it comes to software!
Marissa Mayer said in her recent Bloomberg interview that the key to Yahoo’s potential success would be how cleverly they can cater to users’ interests, and this phenomenon is very prevalent in software companies. These days whole focus is to build software that can capture human intentions, emotions or sentiments and translate those to render information in the desired way. For example, Wii build a game that can sense your body movement to help you build your exercise regime. Samsung is about to introduce an eye-scrolling technique where phones, tablets or computer screens can detect eye movements and scroll from top to bottom to left to right! Amazon has launched a price comparison app which can detect a product image and find the best price around the web. Apple’s Siri and Google’s Voice are a step towards voice processing, where your smart devices can detect your voice and execute subsequent commands from sending text to taking pictures to calling a friend! Twitter with Nielson and Blufin Lab might introduce TV ratings based on people’s sentiments on Twitter, rather than just based on their voting or viewership patterns!
And to bring all this data together, cloud computing (i.e. storing data at one central place) is coming in handy too so that software platforms (e.g. Google, Yahoo, Facebook, Twitter, LinkedIn, Amazon cloud, Dropbox etc.) with cloud-enabled services are processing all these human emotions and storing centrally. Fortunately or unfortunately this also creates an opportunity for hackers to reinterpret and render data to a vast range of interested parties!

Problem might be battery life, networking and software readiness?
I know all this sounds very cool, but there are a number of challenges before we can have an ideal device embedded into our bodies, with all features to understand and render what we are thinking, what is happing around us and our family and friends, as currently such devices run out of battery very quickly, software doesn’t reflect the exact sentiments and finding the right network with bandwidth in remote or less commercial areas is still a mission!

Conclusion:
I don’t want to paint a fancy picture of a singularity where we will have a chip inserted into our bodies before, or soon after, birth to enable us to store and process terabytes in seconds (like a computer) and communicate like a phone and capture images or video (like cameras) and process voice like microphones,

but if we look at recent hardware and software advancements, they all relate to improving core processors, image, voice recognition, semantic analysis, making information available everywhere and rendering devices portable and capable of sensing body movements.

Therefore I don’t think we are very far from having a device that can, with the help of smart software and cloud storages, easily tag onto our body and help us to do what we can do with the help of smartphones, cameras, voice recorders, and /or tablets and computers. There will be challenges, like fuelling energy to these devices, finding common protocols to communicate data to various points and immaculate software to interpret human sentiments, but these issues are getting huge attention within and outside of Silicon Valley, and sooner or later they will be resolved. Overall the technology alignment with the human body and emotions is natural progression and inevitable!

Formula for Future Tech Development Might looks like below!

Core Processors * Moore Law + Cloud+ Semantic Analysis + Image/Video Recognition + Siri + Body Sensors =Human (Tech) Body