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Technology Bubble And Seeding of Next Cycle – What Can Social Media Offer?

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Tekedia Editors
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Do social media add any competitiveness to a nation?  Mastering how to get people to click ads is good for Wall Street and investors, but is that really great? For a nation’s competitiveness, does it add any value? That you have mastered all those algorithms to get hits on the right ads may not be helping man. Sure?

What technology cycle will come after social media? The PC passed computing power  to the masses. The web gave us connectivity. What is social media giving us when they finally make way for another cycle? Organizing our best photos so that our kids will not do their homeworks?

This is very interesting because social media like Internet companies do not create much jobs– no manufacturing and no special design investment.  They cramp equations that make computers do what thousands of industrial age engineers can do and find patterns to get ads to the right person.

But remember that the skills picked from social media can be used for biotech where data mining is vital. DNA sequencing could pick a lot from social media since they are about crunching numbers and understanding relationships. The next tech cycle is on the way and may be figured out by a 5 year old kid. Irrespective of anything, we need to ensure that social media cycle passes core value to the next one.

Cloudera – Building Operating System That Breaks and Makes Sense of Data

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Tekedia Editors
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We think you may like to know about this company. It powers most of the data analytics that take place in the social media world.

Cloudera Inc. is a Palo Alto-based enterprise software company which provides Apache Hadoop-based software and services. It contributes to Hadoop and related Apache projects and provides a distribution for Hadoop for the enterprise.

This is better from Businessweek

Cloudera is essentially trying to build a type of operating system, à la Windows, for examining huge stockpiles of information. Where Windows manages the basic functions of a PC and its software, Cloudera’s technology helps companies break data into digestible chunks that can be spread across relatively cheap computers. Customers can then pose rapid-fire questions and receive answers. But instead of asking what a group of friends “like” the most on Facebook, the customers ask questions such as, “What gene do all these cancer patients share?”

So, if you have massive data from your bank, hospital, farm, etc and want to make sense of them – this  firm can help you. The data must be very huge to justify your investment. Groupon is one of their customers!

DeviceAnywhere Test Center, Now Free Access- Mobile Monday Nigeria Take Note

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Tekedia Editors
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This is the press release from DeviceAnywhere on a joint partnership with MobileMonday to help MobileMonday members. Take note, Mobile Monday Nigeria.

 

DeviceAnywhere, the industry leading provider of technological solutions to streamline mobile content creation, certification and customer satisfaction, and Mobile Monday, the open community of mobile industry visionaries, developers and influencers, are partnering on a new initiative to offer developers 20 hours of free access to the award-winning DeviceAnywhere Test Center™ product.

 

MoMo members will be able to remotely access and interact with over two thousand devices, such as the Apple iPad and Android Motorola Droid X, on over 28 different carrier networks worldwide. These devices are accessible remotely over the Internet, allowing users to interact in real time to ensure all development, porting, testing, and monitoring needs are met. The DeviceAnywhere service uses actual, physical handsets to provide developers with the same experiences as having the devices in hand.

 

Available to all Mobile Monday members* located in over 100 cities worldwide this promotion aims to support the development of the next-generation of mobile content, services and applications across the globe.
This new initiative follows DeviceAnywhere’s participation and support of the Mobile Monday Global Summit in Helsinki which was attended by five hundred of the most influential people in mobile, including representatives from Nokia, Ericsson, Motorola, RIM, and Skype.

 

Faraz Syed, founder and CEO, DeviceAnywhere said: “We’re delighted to be working with Mobile Monday on this project to provide better opportunities for its members to streamline the creation of their mobile services, applications and content on our live devices located across the world. Both of our organisations play a pivotal role in today’s fast evolving mobile ecosystem and this is natural partnership for us to forge as we both seek to promote innovation and creativity in the industry.”

 

Jari Tammisto, CEO and President, Mobile Monday Oy, continues: “Mobile Monday members globally are excited to take this opportunity, provided by DeviceAnywhere, as it speeds up the execution process from ideas into professional services. This is especially welcomed in new creative markets like Africa, South Asia, and South-East Asia where there is not much funding available for start-ups, but huge future opportunity for new mobile services.”

Mobile Monday members who want use their free hours must contact DeviceAnywhere at sales@deviceanywhere.com or by phone at +1877.338.4230 in the USA and at +44.118.9255.079 for any other region.

Actis – A Private Equity Firm Can Fund You. Get The Right Idea

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Tekedia Editors
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In case your business has matured to a great level, Actis is there in Lagos to fund it. It is one of the backers of Pagatech (the m-payment company). But you must be very big for them to give you time. But they are there. They have the capital – you need to come with the idea. It was named African Private Equity Firm of the Year for the fourth year in a row, and Latin American Private Equity Firm of the Year for the first time, by Private Equity International (‘PEI’) magazine.

 

The positive power of capital

Actis is a leading private equity investor in emerging markets and has been investing exclusively in these markets for nearly 60 years. We have raised over US$7.3 billion funds to date and have over 100 investment professionals in 9 offices throughout Africa, China, Latin America, South and South East Asia. In the last ten years, we have invested US$3.1billion in businesses in the emerging markets.

 

Actis is committed to promoting the sustainable growth of the private sector in the emerging markets. Our aim is to ensure that the capital we raise and manage makes a lasting, tangible and positive difference in the countries in which we operate by creating opportunity for the companies in which we invest as well as their stakeholders.

Tech Bubble Come And Let Social Media Heat Up! May Nigeria Be Involved In That Bubble

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Tekedia Editors
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Facebook is valued at $65b, according to Nyppex – the private market equity solution provider. Ask yourself how many hours of your time on Facebook were included in that valuation. Hold on – Groupon is worth about $25b. Ohhh. Wait, Zynga – the gaming company is  worth $8b, according to Nyppex. Do these valuations make sense? Is a bubble near?

 

We do not know the answer and it may not matter, especially to Nigeria. Simply, a tech bubble brings small good things and many bad things also. Bubble corrects a cycle and before it, penetration is peaked. Nigeria missed the tech bubble of late 1980s that involved the PC companies. We did not participate. Then the dot-com bubble of early 2000 and we also missed that. We had no player in those sectors and we did not feel the busts. Too bad!

 

We want Nigeria to participate and to feel the impact of the next tech bubble. Yes, we can only feel it if we are into it. And it seems that social media will be the first opportunity for Nigeria to feel a tech bubble. We are not there, but if it can wait for extra five years, we might get there. If there is a bubble right now, we may go unscratched which will be very disappointing.

 

Why do we want to experience the bubble in Nigeria? After bubbles, technologies evolve. Every bubble leaves debris which are picked up and used to create the next technology and then a bubble repeats. It is  a virtuoso (yes, virtuoso) cycle. Without bubble, there will not be new direction. There will not be new approach. There will not be innovation. Without the late 1980 bubbles, we might not have experienced the dot-com. And without the dot-com, there will not be any Facebook or Google.

 

When the PC market crashed for the stocks of the players like Intel, Compaq, the world saw cheaper microprocessors everywhere. They quickly figured out what to do with those microprocessors – and they created the web-based companies. By the time that one crashed, web was everywhere. And likes of Google then built a behemoth on top of that. Tech bubble brings a new direction and provides new perspectives.

 

But this time around, we are not just the typical consumers or spectators; we are participating and if the busts happen, we will be affected in Nigeria. If those cloud operators fold, most businesses in Nigeria will disappear. And that is exactly what we think we want. We have to play the game and get burnt along. People, yes – let us rain in Lagos.

 

The government must invest and help the startups with tools and infrastructure to get  better. Only that way will the companies be involved in deep technology and reap the benefits.  We must play at the creative sides and not be bystanders of importers and consumers. Lagos is booming with ideas and if we get support, Nigeria will play at the highest level and when the good tides come, we will ride and if the worst comes, let it not spare us because those that will be left behind are spectators.

 

This tech cycle will surely come to an end. It will happen. The question is this? Is Nigeria going to learn from this social media cycle for the next one.  Just note that top tier firms like Facebook and Google will survive a bubble – only the lower tiers will be bubbled out! We want top tiers and let us go do it.

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