In this digital era, it is no more what you know but what people think you know that really brings progress. Get over the shyness, write your first professional article, and see how things will open up. Here, I have listed some suggestions on how to build your professional webinality (web + personality).
Certainly, it is not evidently fair to put Apple and Transsion Holdings, the makers of Tecno phone brand, on the same table – the capability asymmetry is very huge. Yet, I will like to show this table which depicts how Transsion has been evolving for its potential post-device future. When you count serious fintech companies in Nigeria, you must include Tecno parent company as most of its services are natively integrated in the phones. If the Boomplay does well, Palmpay will follow – and all of them are linked by the very fact that most African users depend on Transsion phones!
Transsion Holdings Co., Ltd. develops and manufactures mobile communication products under the brands, including TECNO, itel, Infinix, and Spice. The company also offers after-sales services under the brand Carlcare, manufactures mobile accessories under the brand Oraimo, and home appliances under the brand Syinix. The company was formerly known as Tecno Telecom Limited. The company was founded in 2006 and is headquartered in Shenzhen, China with additional offices in Shanghai and Beijing, China and Hong Kong. It has operates R&D centers in Shanghai, Shenzhen, and Beijing; China.
Data Sources: Wikipedia, Techcabal, Tecno, Apple, Tekedia
*Scooper is an entertainment platform, different in style from App Store. But that is what Transsion has now.
By Nnamdi Odumody
The World Economic Forum recently established six Global Fourth Industrial Revolution councils which will fashion out governance frameworks for emerging technologies. With a focus on artificial intelligence, autonomous mobility, blockchain, drones, internet of things and precision medicine, the global councils are a convergence point for more than 200 leaders from the government, private sector, civil society and academia from around the world.
Global Fourth Industrial Revolution Councils will:
- Enable cross-country exchange of policy and regulatory experience, including through case studies;
- Identify and take action to address gaps in public policy or corporate governance through multistakeholder cooperation;
Shape a common understanding of “best” or “good” policy practice as a means of enabling better policy coordination within and among countries;
Provide strategic guidance to the Centre for the Fourth Industrial Revolution Network regarding the governance projects and pilots it undertakes.
The Councils members will work together to develop policy guidance and address ‘’governance issues’’ for emerging technologies. According to Richard Samans, Managing Director and Head of Policy and Institutional Impact at the World Economic Forum, companies and governments are not moving fast enough to anticipate social expectations in the Fourth Industrial Revolution, and that this bottom up, societally focused approach can help to build and maintain public trust in the technologies while strengthening evidence, upon which policy decisions are made by governments and companies.
The Global Fourth Industrial Revolution Councils will enable cross country exchange of policy and regulatory experience including through case studies, identify and take action to address gaps in public policy or corporate governance through multi-stakeholder cooperation, shape a common understanding of best or good policy practice as a means of enabling better policy coordination within and among countries, and provide strategic guidance to the Centre For The Fourth Industrial Revolution Network, regarding the governance projects and pilots it undertakes.
The Councils Chairs includes leaders from the Chinese Academy of Medical Sciences, Dana Farber, European Commission, Microsoft, Uber, World Bank, etc.
In a perfect internet market, marginal cost is zero for digital products. In other words, the cost of producing to serve an additional user will be zero. This is possible because distribution cost and transaction cost – two components of marginal cost – will disappear. This has a huge implication on the trajectory of digital firms: because distribution within internet is unbounded and unconstrained [limited gatekeepers], the friction for distribution tends towards zero, opening huge opportunities for new business models.
Under this circumstance, two things happen:
These factors are the reasons why owning music is no more a smart choice: streaming pays better. Apple iTunes had to go for its era is fading for Apple streaming business to take over. The future belongs to streaming as that cost will keep dropping per value compared with buying and owning music. Simply, if marginal cost drops, users win, and asking them to own the digital product is offering a non-optimal choice to them.
So is owning music becoming a thing of the past?
Streaming made up 75% of the music industry’s revenue last year. It’s so lucrative that music streaming is where one of the fiercest battles against Apple’s alleged monopoly is being waged
In this era of abundance, we have overwhelming contents of written works, audio or video on the web, such outright purchase and ownership is no longer a smart choice.
Our day hasn’t been increased to 40 hours, still the same 24 hours, so we barely have time for a repeat on those media contents we own, we simply read, listen or watch, and then move on. We can always go back for references, if such time is available.
Apple had to take down its iTunes, else it would be scoring a sort of own goal, the Apple Music and its subscription business needed a breathing space, having iTunes around is a distraction.
This emerging sharing economy will get to a point where no one would like to own anything again, just use and move on.
Last week, Nigeria’s Securities and Exchange Commission (SEC) barred Oando CEO, Wale Tinubu, from the company. On Sunday, it noted that it would change the entire management with an interim management team to oversee the affairs of Oando. Mr Mutiu Olaniyi Adio Sunmonu will run the show at the moment.
“Further to our press release on Oando Plc, dated May 31, 2019, the commission hereby informs the public of the constitution of an interim management team headed by Mr Mutiu Olaniyi Adio Sunmonu CON, to oversee the affairs of Oando Plc, and conduct an Extraordinary General Meeting on or before July 1, 2019 to appoint new directors to the board of the company, who would subsequently select a management team for Oando Plc,” SEC said in a statement.
Oando had gone to court to challenge the SEC original decision of pushing the CEO out. But it seems that is not coming as expected – some directors are already resigning.
“Oando PLC hereby notifies the Nigerian Stock Exchange (NSE), its valued shareholders, key stakeholders and the public of the resignations of its Non-Executive Directors, Chief Sena Anthony and Mr. Oghogho Akpata from the Board of Directors of Oando PLC, with effect from June 3, 2019,” Oando said, in the SEC disclosure.
The losers in this game are the small investors in Oando – those invisible teachers, traders and retirees. Another Africa’s promising empire goes out of track – very unfortunate. From my small records, I am yet to see any Nigerian non-bank company that recovered after government changes entire management with a new one. But here, government is doing the best it can – but I do not see any happy hour at the end. This is what I expect –a new management takes over, discovers something new, and AMCON (the bad asset management entity) nationalizes!