Sharing Economy

We know that people have been sharing and bartering since the earliest civilizations began. So, there is nothing innovative about farmers sharing their tools and we letting our friends to stay over at our place for a night or two. These have more to do with sharing and nothing in terms of business.

It’s different when people do similar things with strangers for a fee. Technology has delivered ease of use and convenience for organizing a wide range of peer-to-peer commercial exchange that has given birth to Airbnb, Uber, Lyft, TaskRabbit and many more.

Uber and Lyft, for example, enable individuals to turn their own cars into taxis. These individuals have the liberty to decide when to drive and for how long. For some of them it’s a gig and for many others it’s the main source of income. Airbnb enables residential property owners to turn their properties into hotels and TaskRabbit is your errand boy. Continue reading

OpenStreetMap

OpenStreetMap is an open initiative to create and provide free geographic data such as street maps to anyone who wants them.
– OpenStreetMap Foundation

Maps and location data has become big business. GPS equipped consumer products such as cars and mobile phones are ubiquitous. The company that has the most complete geographic data becomes the sought after source of location based information. That company has been Google with it’s Google Maps service. There is also no lack of competitors to it’s maps business. Continue reading

Lean Start-Up and Lean UX Design

Lately I’ve been coming across the terms “Lean Start-Up” and “Lean UX”. It seems like these are a set of concepts and tool sets that have been developed as a result of experiences in the fast phased tech start-up world. Generally the core idea in these is to rapidly iterate and re-iterate development of an application, UX design or a business model to make improvements based on customer feedback. This is to speed up the delivery of the end product that meets the customer needs or fine tune a business model to succeed while actively improvising. It looks like even an automotive company like Tesla has adopted such ideas. Two leaders of these ideas are Steve Blank and Jeff Gothelf.

Steve Blank

Jeff Gothelf