Recep Tayyip Erdoğan Archives

Thought Starters: self driving cars, Brexit and the US elections

Thought Starters provides me with a chance to review and highlight some of the more interesting research and opinions that I’ve read over the last few weeks. This edition looks at the evolution of self driving cars, the rise and fall of the Gülen movement, the impact of Brexit on the UK economy and the US elections which appear increasingly beyond parody.

A Be Heard Group survey of senior marketers and advertisers points to what some see should be the optimum marketing mix in our current age:

As more traditional marketing channels lose some of their lustre (despite the exhortations of the Ad Contrarian), one of the channels gaining ground is influencer marketing. The following figures from The Economist give a guide to what influencers are typically earning across YouTube, Facebook and Instagram:

Whilst the US has seen more than its fair share of innovations in virtual reality technology, The Economist points to China as being one of the leaders in its application with real estate and education leading the way:

We’re living in an increasingly visual world with Instagram and Snapchat growing their hold on consumers’ attention. This is reflected in the growing in value of the image sensor market seen in figures compiled by Andreessen Horowitz although one of the interesting conclusions is the declining importance of the camera in a world where smartphones are everywhere:

Whilst venture capitalists have seemingly become the cool kids of the financial sector, figures from CB Insights and KPMG International point to VC investments in startups as having declined over the past four quarters:

One area that has seen considerable venture capital investment of late is in technologies around self driving cars. Tesla’s latest demonstration video (albeit in perfect conditions) points to the progress being made despite earlier hiccups. Tesla are apparently looking to charge owners between $8000-$10,000 for the service and it won’t be made available at least initially to owners looking to use it for ridesharing services:

Will Knight looks at Uber’s trial of self driving cars in Pittsburgh, contrasting the experience for passengers with those provided by human drivers and points to the barriers that will need to be overcome before we see more of these services on our streets:

So I catch a ride with a guy named Brian, who drives a beat-up Hyundai Sonata. Brian says he’s seen several automated Ubers around town, but he can’t imagine a ride in them being as good as one with him. Brian then takes a wrong turn and gets completely lost. To be fair, though, he weaves through traffic just as well as a self-driving car. Also, when the map on his phone leads us to a bridge that’s closed for repairs, he simply asks a couple of road workers for directions and then improvises a new route. He’s friendly, too, offering to waive the fare and buy me a beer to make up for the inconvenience. It makes you realize that automated Ubers will offer a very different experience. Fewer wrong turns and overbearing drivers, yes, but also no one to help put your suitcase in the trunk or return a lost iPhone.

China manufacturing sector has often been characterised in the past as a clone shop and Josh Horwitz’s coverage of the copying of the Stikbox Kickstarter campaign suggests that the country hasn’t outgrown this yet. Keyboardio’s visit to Shenzen in China provides a more sympathetic view of the country pointing to how seemingly any electronic device can be purchased at a knockdown price.

Analysis from the Financial Times points to China as being the source of the greatest share of the world’s merger and acquisition flows:

Turkish president Recep Tayyip Erdoğan’s crackdown after the attempted coup had me guessing that this was a false flag operation which Erdoğan was using as an opportunity to strengthen his hold on power. Dexter Filkin’s detailed profile of Fethullah Gülen and the Gülen movement suggests that Erdoğan’s claims weren’t simply hot air, although the impact has been to strengthen his hold on power:

The irony of the attempted coup is that Erdoğan has emerged stronger than ever. The popular uprising that stopped the plot was led in many cases by people who disliked Erdoğan only marginally less than they disliked the prospect of a military regime. But the result has been to set up Erdoğan and his party to rule, with nearly absolute authority, for as long as he wants. “Even before the coup attempt, we had concerns that the government and the President were approaching politics and governance in ways that were designed to lock in a competitive advantage—to insure you would have perpetual one-party rule,” the second Western diplomat said.

Like many Britons, I’ve been left trying to digest the impact that the Brexit referendum will have on our lives. Simon Head provides a valuable look at the financial fallout that will follow a hard Brexit that Theresa May is calling for:

It must now embark on a series of marathon negotiations with its EU ex-partners, certain only in the knowledge that the trading regime that will emerge from them may be far less favorable to business located in Britain than the one that exists now. It is hard to imagine a set of circumstances more likely to convince foreign businesses in Britain that they should act on their warnings to leave the country or reduce their presence there, and instead take up residence within the secure confines of the Single European Market. The British economy and the British people will suffer the consequences.

Immigration proved one of the defining issues of the Brexit referendum. It’s interesting to compare foreign born population with those regions that chose to vote for leaving the European Union (no easy correlation):

The American elections are inevitably drawing comparisons with the Brexit referendum with the rise of a populist candidate whose campaigning clearly blurs the line between fact and fiction. Evan Osnos provides a look at what the world is likely to be facing should Donald Trump win the presidential election:

Modern Presidents have occasionally been constrained by isolated acts of disobedience by government officials. To confront terrorism, Trump has said, “you have to take out their families,” work on “closing that Internet up in some ways,” and use tactics that are “frankly unthinkable” and “a hell of a lot worse than waterboarding.” General Michael Hayden, a former head of the C.I.A. and of the National Security Agency, predicts that senior officers would refuse to carry out those proposals. “You are required not to follow an unlawful order,” he has said.

One of the key characteristics of US politics over the last 20 years has been growing polarisation between Republican and Democrat supporters. The media has had more than a hand in this election cycle with research from BuzzFeed pointing to hyperpartisan Facebook pages particularly from the right pushing untrue stories. Sarah Smarsh provides an alternative viewpoint, pointing to traditional media’s lack of sympathy for Trump supporters, compounding their alienation from mainstream politics:

The economic trench between reporter and reported on has never been more hazardous than at this moment of historic wealth disparity, though, when stories focus more often on the stock market than on people who own no stocks. American journalism has been willfully obtuse about the grievances on Main Streets for decades – surely a factor in digging the hole of resentment that Trump’s venom now fills. That the term “populism” has become a pejorative among prominent liberal commentators should give us great pause. A journalism that embodies the plutocracy it’s supposed to critique has failed its watchdog duty and lost the respect of people who call bullshit when they see it.

Research from Raj Chetty, David Cutler and Michael Stepner point to wealth as helping the rich afford more than just the finer things in life. There findings point to the richest 1% of U.S. males living 15 years longer than the poorest 1%:

Whilst we’re on the subject of human health, BBC’s The Inquiry podcast looks at the growing mess we’re in with the declining effectiveness of antibiotics – hardly a new story but an important reminder nonetheless. Unfortunately research from the European Medicines Agency points to the indiscriminate use of antibiotics in agriculture as continuing in Europe which will further compound the issue.

Another podcast I’d like to plug is Tyler Cowen’s interview with Vox founder Ezra Klein. Both commentators provide valuable coverage of the world we live in, the former through his blog Marginal Revolution and the latter through podcasts The Weeds (with Sarah Kliff, and Matt Yglesias) and the Ezra Klein Show.

https://soundcloud.com/conversationswithtyler/ezra-klein-politics-media-journalism-bias-identity-vox

The featured image at the top of the page is Silencio by Christian Riffel.

Thought Starters: Pokémon Go, Complexion Reduction and Brexit

Thought Starters provides me with a chance to review and highlight some of the more important or interesting research and opinions that I’ve read over the last week or so. This edition looks at why there’s so much noise being made about Pokémon Go, what is Complexion Reduction, the impact of Brexit and whether automation is going to put you out of a job among other things:

Salesforce is the market leader in CRM, so its announcement that its Android mobile app will only support Samsung and Nexus branded handsets is a sign that not everyone is prepared to go along with the fragmented Android landscape.

Unilever and Procter & Gamble are the giants that have dominated the FMCG sector. Whilst neither brands have been afraid of taking over competitors in the past, Ben Thompson suggests that Unilever’s takeover of the Dollar Shave Club represents something more fundamental:

AWS and Amazon itself, having both normalized e-commerce amongst consumers and incentivized the creation of fulfillment networks, made the creation of standalone e-commerce companies more viable than ever before. This meant that Dollar Shave Club, hosted on AWS servers, could neutralize P&G’s distribution advantage: on the Internet, shelf space is unlimited. More than that, an e-commerce model meant that Dollar Shave Club could not only be cheaper but also better: having your blades shipped to you automatically was a big advantage over going to the store.

That left advertising, and this is why this video is so seminal: for basically no money Dollar Shave Club reached 20 million people. Some number of those people became customers, and through responsive customer service and an ongoing focus on social media marketing, Dollar Shave Club created an army of brand ambassadors who did for free what P&G had to pay billions for on TV: tell people that their razors were worth buying for a whole lot less money than Gillette was charging.

The net result is that thanks to the Internet every P&G advantage, save inertia, was neutralized, leading to Dollar Shave Club capturing 15% of U.S. cartridge share last year.

Simply Measured’s survey of American marketers points to the challenges faced managing social media and also points to Faceboook as having the strongest ROI:

July the 17th was apparently World Emoji Day and the top tweeted emojis give an interesting (if rather nonsensical) window into national psyche of different countries:

Pokémon Go’s growth has been phenomenal going from nothing to the most popular mobile game in the US in the space of less than a month:

Whilst Pokémon Go got a headstart based on the popularity of the Pokémon franchise, it’s Niantic’s augmented reality technology blending the real and gaming world that got people really excited. Matthew Lynley explores the gameplay and monetisation that has made the game such a huge consumer and commercial success:

Niantic here does such a good job of creating just enough friction that, at the exact moment, it can capture an opportunity for monetization. Players don’t feel compelled to spend money, and instead they’re offered a delightful experience when they elect to spend money. Those eye-popping visuals continue, they keep throwing Pokéballs and they don’t have to wait to see some of the most powerful Pokémon game.

It’s also interesting to see how Pokémon Go is quickly emerging as a promotional opportunity for bricks and mortar businesses with this link further strengthened with Nintendo’s launch of sponsored locations:

The more salient point here is that no marketing channel is evergreen, but businesses that want to win have to keep one eye open for these big shifts-and they have to capitalize on them when it’s time. With Pokemon Go, businesses have an unprecedented opportunity to create strong emotional bonds with new customers, and for very little money.

Even if Pokemon Go isn’t as powerful a tool for driving sales six months or a year from now, the customers that you delight today are going to remember you tomorrow.

Michael Horton provides a look at what he’s describing as Complexion Reduction, pointing to how many traditional design cues are disappearing on mobile in the quest for a better user experience:

1. Bigger, bolder headlines
2. Simpler more universal icons
3. Extraction of color

Google commissioned SOASTA to look at how poor mobile site performance can significantly degrade user experience, providing a valuable reminder that publishers need to keep an eye on the speed dial:

Whilst much has been made of the inexorable rise of Amazon, British bookseller Waterstones has provided an interesting counterpoint providing an example of where bricks and mortar retailers can face off against the ecommerce giant. Stephen Heyman profiles James Daunt’s strategy which has seen local store managers taking great control enabling them to act more like a local book shop and less like a one size fits all franchise:

While Barnes & Noble devolves from a bookstore into a thing store, Waterstones, the biggest bookstore chain in Britain, is plotting an entirely different course. In 2011, the company—choked with debt and facing the same existential threat from Amazon and e-books as B&N—nearly declared bankruptcy. Today, however, Waterstones isn’t closing shops but opening a raft of them, both big-box (in suburban shopping centers) and pint-size (in train stations). It has accomplished a stunning turnaround under the leadership of its managing director, James Daunt, who just announced Waterstones’ first annual profit since the financial crisis. How he pulled that off is a long story, involving old-fashioned business cunning, the largesse of a mysterious Russian oligarch, and some unexpected faith in the instincts of his booksellers.

Amazon has been rightly lauded for its move from retailer to platform provider but that’s not to say it has gone without a hitch. There have been growing reports of third party sellers listing counterfeit goods on Amazon upsetting consumers and brands:

Now Amazon is filling up with counterfeits, a term that can mean several things:

* A near-identical (or identical) knock-off, sometimes even made in the same factory as the original goods, and sold out the back door
* Factory rejects that failed inspection
* Low-quality fakes that look like originals, but are made from inferior or defective materials or suffer from defective/shoddy manufacturing

The Brexit referendum now means that Britain’s exit from the European Union is now more than just a Nigel Farage’s pipe dream but the end goal is far from clear. Ian Dent’s report based on discussions with Dr. Holger P. Hestermeyer, Professor Anand Menon, and Dr James Strong is worth read if you want a closer look at the different options faced by Theresa May.

London’s economy has benefited hugely from being the financial capital of Europe as Ryan Avent details in his book Work, Power and Status in the Twenty-First Century quoted in Marginal Revolution. Given this, it’s no wonder that other European centres are keen to see London’s access to European financial markets curtailed:

London is the richest city in Europe. Real output per person is central London is nearly four times the average in the European Union, and nearly twice that Europe’s other large, rich metropolitan areas, such as Amsterdam and Paris. Strikingly, London is more than twice as rich as the next richest region within Britain. However one slices it, the city is an extraordinary economic outlier.

Whilst the coup in Turkey seems to have quickly passed, the impact on the country’s civil society are more wide reaching as Erdoğan pushes the country further away from the foundations of Atatürk, as James Palmer profiles:

Erdoğan’s populist authoritarianism threatens a frightening change in Turkey — a dictatorship with the barest veneer of democracy laid over it as cover, fueled by resentment and religious conviction, and drawing in elements from jihadists to intelligence officers to organized crime to shield itself and assault its enemies.

Will robots put you out of a job? McKinsey have analysed the impact that automation will have on different occupations, with more and more jobs impacted directly or indirectly:

The last 30 years has seen substantial gains in income for much of the world’s population, but the middle classes of the US and Western Europe haven’t fared nearly as well. I’d argue that these disparities in incomes between the developed and developing world would inevitably reduce over time as education levels improve and as technologies enable international collaboration. Unfortunately one of the side effects has has been the rise of populist politicians such as Donald Trump and Nigel Farage in the US and Europe:

The Brexit referendum has exposed a less tolerant side to British society. Pew Research Center figures enable a comparison between UK and other Western countries suggesting that it’s hardly an outlier:

Laurie Penny provides a thoughtful critique of the culture of wellness with its very individualistic view of the world providing a barrier to a more collective view of society:

The wellbeing ideology is a symptom of a broader political disease. The rigors of both work and worklessness, the colonization of every public space by private money, the precarity of daily living, and the growing impossibility of building any sort of community maroon each of us in our lonely struggle to survive. We are supposed to believe that we can only work to improve our lives on that same individual level. Chris Maisano concludes that while “the appeal of individualistic and therapeutic approaches to the problems of our time is not difficult to apprehend . . . it is only through the creation of solidarities that rebuild confidence in our collective capacity to change the world that their grip can be broken.”

The featured image is “Taste” or “В К У С” in Russian is the first big solo mural by Sergey Akramov in his hometown of Yekaterinburg, Russia for the Stenograffia Street Art Festival and published in StreetArtNews.

Tag: Recep Tayyip Erdoğan

Thought Starters: self driving cars, Brexit and the US elections

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