DD
MM
YYYY

CATEGORIES

PAGES

DD
MM
YYYY

spot_img

CATEGORIES

PAGES

Home Blog Page 5194

The Amazon’s “Buy With Prime” and Scaling Around One Oasis

By
Ndubuisi Ekekwe
-
1

Amazon has the one oasis which is the ecommerce business. From that one oasis, it has created multiple plays. One of the finest is the AWS, the hosting business. But today, we are learning about another product which has the potential to rewire the architecture of US ecommerce: Buy With Prime. 

“Amazon is pushing Prime membership benefits beyond its own platform, launching a Buy With Prime feature that provides Amazon’s payment and fulfillment services to independent merchants. The move will allow stores to add a Buy With Prime button to their sites. When Prime members purchase products using the option, Amazon will help fulfill the order and offer free shipping, next-day delivery and free returns. It’s the e-commerce giant’s bid to expand its footprint in the logistics sector, while also fending off rival e-commerce platform Shopify.”

This is a unification of retail in the digital space. So, if you are shopping on a website and see Buy with Prime, you can sign-in with Prime, and buy, and Amazon will take care of everything for that merchant, delivering its best-in-class service for you. This is a frontal attack on Shopify because of the logistical frictions Amazon will remove from the playbooks of merchants.

Amazon is peerless on building around the one oasis, and creating plays as standalone products for the market; I explained this in Harvard here.  It is a winning playbook!

Comment on LinkedIn Feed

Comment: Buy with prime sounds interesting. The challenge with the volume of products offered at Amazon seems to be the large number of products that are not differentiated. How would vendors use this product to be visible and drive sales? Is this something that lives outside of the Amazon.com domain?

My Response: I think the key thing is this: if you are a merchant and sign up as a Prime partner, you can integrate this feature on your website. Then move your warehouse to Amazon fulfilment center. With that, Amazon handles all the logistical activities. This is a good playbook: merchants can focus on production while Amazon handles the distribution for small fee.

Two Key Drivers In 2022: Artificial Intelligence And The Blockchain

By
TI Partners
-
0

Changes in technology have drastically changed the way humans work, learn, live, and even think over the last several decades. Due to global lockdowns during the pandemic, many individuals and companies scrambled to develop new forms of virtual experiences and digital interactions.

As technology continues to be one of the largest differentiating factors between modern businesses, new technology trends have begun to emerge for the new year of 2022. These emerging trends are only the beginning of the major transition towards Web3.0.

Blockchain as a Service (BaaS)

Blockchain as a Service, or Baas, is a new trend in the blockchain space that many corporations and businesses have already begun to take advantage of. Blockchain as a Service is a cloud-based solution that allows companies to collaborate on blockchain-based digital products, such as smart contracts, decentralized applications (dApps), and more. Since these types of products don’t require the full infrastructure of the blockchain to function properly, they can be integrated by large scale companies much more easily.

Many companies have already begun to develop their own blockchains and provide Blockchain as a Service to a wide range of businesses, which will ultimately have an impact on the future of blockchain based applications in years to come.

Artificial Intelligence

The rise of artificial intelligence has been one of the most significant technological advancements of our generation, and is showing absolutely no sign of slowing down. Many companies have begun to integrate artificial intelligence into their businesses in a variety of fashions, from artificial intelligence chatbots for customer service to Netflix using AI to recommend movies you’d be interested in.

Machine learning is being integrated in every industry, from Tesla’s newer vehicles utilizing AI to improve autonomous driving capabilities, to Amazon’s Alexa voice assistant using machine learning to interpret user queries and executing tasks.

Decentralized Artificial Intelligence on the Blockchain

A large number of the difficulties associated with both blockchain and artificial intelligence technologies can be remedied by merging the two ecosystems together. When combined, these systems can create an immutable, secure, and decentralized system.

This interconnection of artificial intelligence and blockchain technology is important for retaining a reliable record of each AI algorithm recordings made during the machine learning process.

By combining these ecosystems, it has resulted in massive advancements in the security of both information and data in a variety of industries, including healthcare, personal banking, and others.

Storing large files or documents on the blockchain can be prohibitively expensive due to factors such as the Bitcoin network’s 1-megabyte per block file size limit. To work around this problem, data is stored on a decentralized storage medium, and hashes of the data are linked to the blockchain or implemented in smart contract code.

A recent report by MarketWatch estimated that the Asia Pacific blockchain artificial intelligence market will grow at an annual rate of 31.1%. With major driving factors such as advancements in the cryptocurrency space and a growing number of investments in AI blockchain projects, this would put the segment near a total addressable market cap of $3650 million USD.

Will There Ever Be An End To Ponzi Schemes Operation In Nigeria?

By
Ojukwu Emmanuel
-
0

There is hardly any year that passes, without the record of one or two Ponzi schemes in Nigeria that have swindled a lot of Nigerians of millions and billions of naira. It seems most Nigerians have a very short-term memory, that they easily forget their ordeals or learn from the consequences of others with fraudulent Ponzi schemes. I previously wrote an article on the need for the government to clamp down on Ponzi scheme operators in Nigeria.

What I got to realize is that before the government clamps down on some of these Ponzi schemes, the deed has most likely been done. They hardly arrest these Ponzi scheme operators from the onset, but rather, the arrest is usually made after they have swindled thousands of Nigerians of their hard-earned money. One thing I have to say is that aside from the government playing an active role in clamping down on these schemes, the citizens also have a role to play.

They should ensure to always do a proper background check of whatever scheme they want to invest their money in, to ensure they don’t lose their money. They should also run away from schemes that promise about 60%-80% Roi because any scheme that promises such outrageous returns is fake. After a deep thought on how to curb the Ponzi scheme menace in Nigeria, I concluded that most people who get defrauded by these schemes are also very greedy.

They want to reap a lot without necessarily doing anything worth their energy. That is more like a scammers’ mindset because they want to reap more than ten times what they have down. Most of these Ponzi scheme operators seem to be very smart and know what most people like to hear because a lot of them psychologically mesmerize their victims with very juicy offers. We are not yet done talking about the Chinmark group Ponzi scheme saga which was run by Marksman who went into oblivion after absconding with millions of Nigerians’ money.

Just recently, the police arrested Ovaioza, after scamming investors billions of Naira with a storage scheme. The Ovaioza establishment was said to be designed to aid the growth of the Nigerian youth, but the reverse is the case. Sources report that Ovaioza used investors’ money to invest in a plaza, three (3) trailers, and goods she supplied to distributors, but the reality is that the worth of all these things may not be up to 25% of the money she collected from investors.

According to information gathered, this is someone who went from begging for 5,000 naira on social media in the year 2020 to controlling billions of Naira two years after. It is therefore imperative to say that those who knew her when she had nothing to do when she started commanding billions within a short period, and still went ahead to invest in her scheme, needs their heads examined.

Of course, some people experience swift growth in their business, but wealth creation is not a walk in the park. Its trajectory is visible for everyone to see, as it doesn’t just happen suddenly. As if that is not enough, there is also the Poyoyo investment scheme that has cost Akure and Lagos residents their millions. The CEO of the Ponzi scheme Kunle Adesua is reported to have absconded with investors millions, with no trail of his whereabouts.

Poyoyo investment limited offered a modest return on investment at 20% which was low enough to convince naive victims. The amusing thing about all these fraudulent schemes that have defrauded a lot of Nigerians, is that it won’t even deter most Nigerians from investing in another scheme. Once it looks like everything has subsided, another scheme springs up, and people still go ahead to invest without a proper background check.

I do not want to sound like a harbinger of bad news, but I will say that a lot of Nigerians will still fall victim to incoming Ponzi schemes. I don’t think there will be an end to the Ponzi scheme operations in Nigeria, it is only left for people to be smart and to do a proper background check on whatever they want to invest their money in.

Rotimi Amaechi Claims To Be The Most Qualified Candidate for Nigerian Presidency

By
Fred Nwaozor
-
0

The Minister for Transportation and Presidential aspirant in the All Progressives Congress (APC), Mr. Rotimi Amaechi had declared himself the most qualified person to rule Nigeria.

He made this declaration on 18th April 2022 while he was on a courtesy visit to the Palace of the Ooni of Ife, Oba Adeyeye Eniyan Ogunwusi Ojaja II on his aspiration to run for the office of the President of the Federal Republic of Nigeria.

Mr. Amaechi described himself as the bridge between the young and old generations in the country, adding he decided to start his consultation and visitation from Ile-Ife because the ancient city is the source.

The former Governor of Rivers State lauded the Ooni for preserving and upholding the prestigious Yoruba culture, and explained that governance of the country had a lot to benefit from the traditional institution.

“If elected as Nigeria’s President in 2023, I will sit down with the National Assembly to address the relevance of the traditional institution in Nigeria. There is a need to consult our traditional rulers in order to bring governance closer to the people.

“With due respect to my brothers in APC, PDP and other political parties, I am the most qualified in this present race and I am grateful to God for the opportunities given to me over the years”, he said.

While responding, the Ooni of Ife admonished that leadership positions, especially political capacities, were the same as that of a steward because it was meant to serve the common people.

He described the Minister as one of the luckiest politicians in the country, noting Nigerians had a lot to gain from his (Amaechi) wealth of experience.

He said “You have been relevant since the start of this Republic, it is for a reason and I urge you to use that grace for the betterment of all Nigerians.

“What is obvious in your team is the inclusion of women, I am proud of this and I want you to keep doing more in this regard. Women are so powerful especially when given leadership opportunities, they see what we men do not see.”

It’s not anymore news that politics is really business in this part of this world, contrary to its true essence, which is service. The teeming Nigerian politicians, who I usually refer to as politicos, have obviously turned the political profession as an arena where gold is being dug.

Whenever they are bidding for any position, you would see them saying or doing all sorts of things that, ordinarily, are very far from their real personalities.

Does Mr. Amaechi need to emerge as president before he could promote the country’s traditional institution, or make it more relevant? As a House speaker, governor, or minister, what actually were his contributions towards elevating the institution in question?

The electorate needn’t be reminded that they are required to be wiser than the serpent as the 2023 general elections are fast approaching.

Tesla Posts $3.3 Billion Profit in First Quarter 2022

By
Samuel Nwite
-
0

Supply chain constraints and global chip shortage which has scuttled production around the world did not stop Tesla from turning up big in the first quarter of 2022. The electric vehicle manufacturer reported that it earned a whopping $3.3 billion profit in the first quarter.

Tesla recorded an 81 percent increase year over year compared to the same quarter last year, when it made $10.4 billion in revenue. The company announced over $18.7 billion profit to beat its record in the same quarter last year.

The Verge’s report (below) on Tesla’s first quarter earning delves into how the automaker maneuvered its way out of the hurdles that incapacitated other manufacturers and greatly undermined their profits.

Tesla logged $679 million in emission credit sales to other automakers, compared to $314 million in credit sales in Q4 2021. The company generates this revenue by selling these credits to automakers that make fewer “clean” vehicles than are required by the US government and the European Union.

The credit sales have come in handy in past years, helping Tesla eke out a profit while its car-making business struggled. Last summer, the company reported that its manufacturing and energy sales business was profitable for the first time without counting emission credit sales.

It was undoubtedly a noteworthy quarter for Tesla. The company opened two new factories — one in Berlin on March 22nd and the second in Austin, Texas, on April 8th — while also being forced to shutter its Shanghai factory for several weeks amid rising COVID numbers. The costs of opening those two factories, while also struggling to keep its Chinese factory in operation, were expected to weigh down Tesla’s numbers this quarter.

The company says it started production in Berlin last month, and that it started Model Y deliveries from Texas in April. The company also mentioned it’ll produce its structural battery packs with 4680 cells in Texas later this year, alongside the standard packs with 2170 cells.

The earnings report also follows a robust quarter for delivery and production for Tesla. The company said it sent 310,048 vehicles to its customers in Q1 2022. Tesla CEO Elon Musk described that feat as “exceptionally difficult,” citing global supply chain issues and the closure of the company’s factory in Shanghai amid rising COVID case numbers. Despite that, Musk also predicted on the earnings call that the company would be able to ramp up production and make 1.5 million cars this year.

Tesla said it delivered 295,324 Model 3 and Model Y vehicles, while 14,724 were for the Model S and X. Deliveries increased slightly from the previous quarter’s 308,600 deliveries and outpaced the 184,800 shipments Tesla made in the first quarter of 2021, representing a 68 percent year-over-year increase. On the production side of things, Tesla said it built a total of 305,407 vehicles during the past three months.

The company has also continued its trend of making more per car — its gross automotive margin was 32.9 percent in Q1 2022, compared to 26.5 percent in Q1 2021. In its notes to investors, the company says it increased the average selling price of its cars and grew the number of cars it was delivering.

Tesla navigated the global supply chain crisis better than its rivals, posting record deliveries and profits for several quarters. The company was able to avoid the same kinds of headaches as other global automakers by sourcing different chips and rewriting software on the fly.

Tesla posted a record profit of US$3.32 billion for the first quarter, even as a pandemic-induced shutdown of its Shanghai factory crimped output. The results blew past analysts’ expectations and compare with earnings of US$438 million a year earlier. Sales jumped 80% after the world’s most valuable carmaker delivered 310,000 electric vehicles. Chief executive Elon Musk also said Tesla would likely produce more than 1.5 million vehicles this year despite supply chain challenges, reflecting a 60% increase. (LinkedIn)

1...5,1935,1945,195...7,959Page 5,194 of 7,959

© Tekedia. All rights reserved.

Term & Privacy

© Tekedia. All rights reserved.

Term & Privacy