Ged Carroll

Category: business | 商業 | 상업 | ビジネス

My interest in business or commercial activity first started when a work friend of my Mum visited our family. She brought a book on commerce which is what business studies would have been called decades earlier. I read the book and that piqued my interest.

At the end of your third year in secondary school you are allowed to pick optional classes that you will take exams in. this is supposed to be something that you’re free to chose.

I was interested in business studies (partly because my friend Joe was doing it). But the school decided that they wanted me to do physics and chemistry instead and they did the same for my advanced level exams because I had done well in the normal level ones. School had a lot to answer for, but fortunately I managed to get back on track with college.

Eventually I finally managed to do pass a foundational course at night school whilst working in industry. I used that to then help me go and study for a degree in marketing.

I work in advertising now. And had previously worked in petrochemicals, plastics and optical fibre manfacture. All of which revolve around business. That’s why you find a business section here on my blog.

Business tends to cover a wide range of sectors that catch my eye over time. Business usually covers sectors that I don’t write about that much, but that have an outside impact on wider economics. So real estate would have been on my radar during the 2008 recession.

  • Spy craft disruption + more

    The Spy craft Revolution – Foreign Policy – really interesting to read from a privacy perspective, spy craft affected as much as general public. Intelligence agencies are apparently just like the rest of us and spy craft reflects this. More security related posts here.

    Algocurios – this is what happens when you plug Matt Muir into a machine learning algorithm. I’m just thankful SkyNet didn’t evolve. It doesn’t capture the desperation, profane language and ennui prevalent in Matt’s real posts

    Vodafone Found Hidden Backdoors in Huawei Equipment – Bloomberg – lots of reasons why this might be mostly dilute to poor software engineering practices but it doesn’t help Huawei reputation

    Opinion | Is China the World’s Loan Shark? – The New York Times – academics who have studied China’s practices in detail have found scant evidence of a pattern indicating that Chinese banks, acting at the government’s behest, are deliberately over-lending or funding loss-making projects to secure strategic advantages for China.

    A Conversation With Christopher Wray | Council on Foreign Relations – China poses multi-level threat to US (and the rest of the world if we’re honest about it)

    KaiOS takes on the Apple-Android mobile duopoly – Wizard of OS – given Google’s investment in KaiOS it could still be considered a duopoly of wireless OS’ – also shows what Nokia left on the table

    Brit spy chief: We need trust or we won’t have a ‘licence to operate in cyberspace’ • The Register – “must have the legal, ethical and regulatory regimes to foster public trust, without which we just don’t have a licence to operate in cyberspace”.

    Ralph Lauren Unveils The Super Woke Polo Shirt | Luxury Insider – a debut line of polo shirts made from recycled plastic bottles and dyed using a waterless production process. Besides being environmentally woke, the initiative has the noble aim of eradicating 170 million plastic bottles from landfills and oceans by 2025

    How the Kleiner Perkins Empire Fell | Fortune – just wow

    INTERVIEW: China seeking win with information warfare: professor – Taipei Times – interesting if depressing interview

    UK High Court confirms the way GSM gateways were banned was illegal • The Register – interesting reading

    Spotify Premium Adds 3 Million US Members | Consumer Intelligence Research Partners – keeping churn stable and improving conversion from free to paid (PDF)

    Malaysia’s sovereign wealth fund Khazanah closes London office: Report – probably a mix of 1MDB and Brexit

    A Specter Is Haunting Xi’s China: ‘Mr. Democracy’ | The New York Review of Books – interesting if very optimistic reading for the papers quoted

    Baidu is reportedly incubating a music app to defend itself against ByteDance – KrASIA – Tencent already has a number of music apps in China

  • The Apple – Qualcomm deal post

    The Apple and Qualcomm deal ceased legal hostilities and lots of people have kicked around theories. But no one seems to definitively know what happened. And what the implications are for Apple.

    • If Apple was on such a sticky wicket, why didn’t it make a deal with Qualcomm earlier? A judge had asked them to sit down right at the beginning and they got nowhere
    • Did Intel explain to Apple that it wasn’t going to hit its engineering targets on the 5G modem (a la IBM and the PowerPCs that used to power Macs)? Or did Apple cut Intel off at the knees?
    • What does this all mean for Intel processors and components in Macs? From CPUs to USB C connectivity Apple is dependent on Intel. Even if Apple decided to move to an ARM architecture they would still likely need Intel foundries and connectivity processors. Before you talk about the Mac now being a small part of the business. Consider what mobile apps and even the iOS is developed upon. Secondly a Mac user is far more likely to be an iPhone, iPad, Apple Watch and Apple TV customer
    • From a functional handset perspective I am not convinced about the benefit of 5G. But from a marketing perspective it could be very damaging to Apple eventually. How far behind would Apple developing a new 5G solution from scratch be? It would be reasonable to expect for Qualcomm to service other clients first and then only put under performing engineers on Apple as a punishment duty. Given that Qualcomm laid off engineering teams, engineers may only work on Apple grudgingly. Is it even viable for Apple to bother with 5G iPhone? If we look at history, the Qualcomm – Nokia IP deal was the beginning of the end for the Nokia handset business in 2007. Apple might lose money up front, but it would save on the kind of value destruction Nokia went through
    • What is the state of Apple’s relationships with the rest of its supply chain and can it expect a kicking?
    • Whilst mobile carriers wouldn’t be happy to have a single OS eco-system in smartphones, they’ve had zero success in championing other platforms (BlackBerry, Windows Mobile, WebOS and SailfishOS). All of this would make them even more beholden to Google. So would an alternative OS’ spring up to fill the iPhone gap?
    • Can Qualcomm use this to try and smother antitrust investigations outside the US?


  • Easter & things from last week

    Easter Week has mean’t that I’ve been exceptionally busy closing things before taking the long weekend break. Easter isn’t a huge holiday in the Carroll household, but its the first break that we get since the Christmas holiday, so always welcome. For many students in Europe Easter signals a hard push on revision in advance of exams. If you are studying or relaxing Happy Easter and Passover.

    Kerri Chandler went through one of his Dad’s record boxes, that he hadn’t previously opened. His Dad had been a DJ and inspired Chandler to get behind the turntables himself.

    Chandler Senior’s box is an eclectic collection of songs but also had impeccable taste.

    1. Cerrone – Love in C Minor (1976)
    2. Kerri Chandler – Get It Off (1990)
    3. Kerri Chandler – Super Lover (1990)
    4. Kerri Chandler – Drink On Me (1990)
    5. Ronnie Laws – Always There (1975)
    6. The John Coltrane Quartet – Greensleeves (1961)
    7. Lonnie Liston Smith & The Cosmic Echoes – Summer Nights (1975)
    8. The Impressions – People Get Ready (1965)
    9. The Delfonics ‎- Didn’t I (Blow Your Mind This Time) (1969)
    10. Crown Heights Affair – Dreaming a Dream (Goes Dancin) (1976)
    11. Crown Heights Affair – Dancin (Special Disco Mix) (1976)
    12. The Dells – Always Together (1968)
    13. The Dells – I Want My Momma (1968)
    14. The Dells – Agatha Van Thurgood (1968)
    15. Bob James – One Mint Julep (1976)
    16. Bob James – Westchester Lady (1976)
    17. Roy Ayers – Searching (1976)
    18. Teena Marie – Portuguese Love (1981)
    19. Jakki – Sun…Sun…Sun.. (1976)
    20. Donald Byrd – Lansana’s Priestess (1973)
    21. Roy Ayers – Running Away (1977) 
    22. Kerri Chandler – Atmosphere E.P. – Track 1 (1993) 
    23. Martin Circus – ‘Disco Circus (Disco Version) (1979)
    24. Quincy Jones – Killer Joe (1969)
    25. Michael Franks – Tell Me All About It (1983)

    You can here it here via Mixmag

    More related posts here.

    Beats in Space put together yet another amazing mix

    Amazon leaving China. Amazon bought into an e-commerce business which at the time had just over 10% of the country’s e-commerce market. At the time I had colleagues in Hong Kong who worked on promoting the newly acquired business. A number of years ago I spent an inordinate amount of time creating a three-page document pitch for the Amazon China business. At that time Amazon’s market share was between 1.5 and 2% of the Chinese e-commerce market place. Five years later and its down to 0.6%.

    1904 - Amazon China

    What’s going on? Like most things there are a wealth of factors impacting foreign competitors in China. But one big one that people probably don’t want to admit is that Silicon Valley isn’t insurmountable. For decades the US technology has managed to concentrate wealth and talent in a small place and then benefited from market scale. Europe has been unable to replicate this success. It’s home market is an aggregation of markets that aren’t as integrated or coalesce as well as the US. And US companies exploit the European single market treating as divisible international components illegally.

    When US companies like Google, Uber and Amazon hit China they come up against:

    • Smart people – Chinese universities churn out huge amounts of developers, engineers, designers and business managers
    • Huge home market scale
    • Equally well motivated entrepreneurs who know their home market better than the foreigners. They are also willing to work very hard with a 996 culture
    • Local market conditions that are divergent from their own. For instance, Google failed to predict how fast it needed to grow its search indexing to match the Chinese web. Baidu kept throwing in the boxes needed. Google had lost when it suddenly changed its mind on censorship
    • Government regulation (but that isn’t as important as they’d have you believe in most cases)

    Amazon thinks that its cross border business where Chinese consumers buy abroad from online will grow. Consumers do this to get products that they can trust. Domestic platforms have made big gains in this market sector too though.

    I wouldn’t buy a Range Rover Evogue, even if I was richer than Bill Gates. But I did love this advert.

    And this old video of Jim Carroll talking about ideas as they relate to account planning.


  • Is Brexit bad for Europe + more

    Judy Asks: Is Brexit Bad for Europe? – Carnegie Europe – Carnegie Endowment for International Peace – interesting take on Brexit from a US perspective. Is Brexit bad for Europe focuses on the EUs role on the world stage including regional and global security. According to my reading of Is Brexit bad for Europe there looks to be opportunities to grow in defence research and development and upgrade the economic performance of the EUs smaller nations.

    5G Deployment State of Play in Europe, USA and Asia | European Parliament ITRE Committee – interesting snapshot on 5G adoption across the EU (PDF)

    Microsoft worked with Chinese military university on artificial intelligence | Financial Times – US worried about dual use of the technology (paywall)

    Toyota will put Tundra, Tacoma trucks on a single platform, report says – Roadshow – interesting that Toyota is embracing the Volkswagen Group approach to vehicle engineering. I didn’t realise that Toyota no longer sells the Hilux in the US, apparently its because it isn’t big enough

    Panda TV’s demise makes way for gaming giant Tencent to dominate live streaming too | SCMP – China’s Twitch goes under, leaving Tencent to dominate live streaming too. This reinforces the oligarchy running China’s online sector from financial services and e-tailing to gaming and media

    DJ Craze: “Sync is your friend… embrace technology” – News – Mixmag – wow, controversial. This is the reformation of the DJ world. The problem with these things is that once people know the button is there new DJs will skip the valuable learning process of beat mixing

    Facebook ‘morally bankrupt pathological liars’, says NZ privacy commissioner – AdNews – 5 I’s pattern starting to emerge on Facebook. You take this stance with the UK’s proposal to treat social networks as publishers and Australia’s daft views on crypto. There are lots of reasons to criticise Facebook, but this isn’t one of them. Instead its cynical pandering to the populist political peanut gallery. More related content here.

  • Automata Eve launch

    Automata Eve launched the other week and I got to go along to their headquarters just off the Pentonville Road to find out more.

    Untitled

    Automata Eve first impressions

    At £5,000, the Automata Eve sits at a weird place in robot manufacture. It’s an expensive hobby device or a lightweight industrial product. Automata freely admitted that they sit somewhere between the £1,500 hobbyist kits and starter industrial models that are £20,000+ excluding arm tools, programmable control units and everything else required.

    Automata Eve human friendly product design reminded me a bit of early Apple Macs. Their very product design sophistication made them look like ‘toys’ in the eyes of IT departments. Automata’s Eve is an equally polished appliance as robot and it might take a bit more effort to have it taken seriously in light industrial roles.

    Eve even has a lopsided Picasso-esque face with two buttons on the top of the arm in a vertical manner.

    Untitled

    Maybe it needs a different colour palette of heavy plant yellow or yellow and black diagonal stripes better telegraph its industrial credentials.

    The shadow of Brexit

    Brexit afflicted sectors such as food preparation seem to be some of the people who have started to explore using Automata and rivals already. The companies realise that it will hard to get further workers from the likes of Stoke on Trent or Sunderland working on sandwich production lines. Robots are part of their plans to replace labour who decide to leave the UK. Automata assemble their robots in the UK, but their supply chain partners are half way around the world in Asia.

    Pain is the mother of invention

    The founders story reminded me a lot of the way that machine learning projects have historically been sold into clients by creative, digital and advertising agencies.

    They used to work for Zaha Hadid Architects and had used algorithmic design. This gave Hadid’s work abstract yet organic lines. So when they were looking to use a series of interlocking panels, they expected that these could be mass-made and bent by robotics.

    A bit like strategy and client services teams in agencies they over-estimated the capability of technology; in their case industrial robotics.

    That plan didn’t go too well. Which got them interested in why there weren’t light industrial robotics. A good number of years later and the Automata Eve was born.

    Industry robotics industry structure

    What really surprised me was how industrial robots essentially use the same components and innovation tends to happen in the software instead. For instance industrial robots use a compact way of strain wave gearing.

    Only a few companies make the components. This means that the industry is very horizontally structured like the PC or smartphone industries relationship between processor and software manufacturers.

    Robots are already accurate enough to get rid of workers who don’t care

    One of the case studies used in the presentation was about an industrial electronics company who replaced a human work station that did some pretty basic soldering.

    For reasons that one could assume to be a lack of work ethic. By contrast Foxconn, seems to have failed in its efforts of using robots for smartphone assembly. The reason is that they require a high degree of dexterity, rather like a watch maker. Robots still struggle with very accurate placement, but a lot of low volume manufacturing tasks don’t necessarily need the same level of accuracy.