Markets Similarity and collision
Volume, Cost of Storage and transactions
Why avoiding to stock something that requires no space and cost of storage because data storage is almost free for those who unlike me have at least a few cents to pay for a gigabyte or even less. Amazon and all e-commerce platforms have disrupted retailers because of this cheap cost of storage and the almost infinite number of choices of products available to the consumers that this cheap cost of storage induces.
I am very angry with banks that charge fees for account retention and even for transactions because a couple of database entries like last, last name, account balance, a transactions trail don’t cost so much to store. Zero transactions fees is something offerable to bank consumers given that the bank itself leverages enough the power of technology to invest efficiently and profitably the cash it holds.
I told yesterday to a board of key skilled and generous executives of the telecom market that I see the telecom market as a market that is eating the financial market or simply merging with it and the problems that each actor of these two markets at each level from the production of the good to it chipping are facing and experiencing are almost the same structurally. These problems are due to new entrants and incumbents (incumbents often at the lowest level of the chain) who leverage the power of technology at grouping, organizing, and connecting isolated resources and a correct view and understanding of the power of the longtail and the network effects. I am really bad at presenting something that I think that I understand and at explaining solutions that seem complex but thanks to the cleverness of these executives my task of highlighting these similarities has been understood and acknowledged by them and I hope that It will be useful to them in the near and far future for heading their activities to more profitability and customer satisfaction. For those like you who are interested in business models, the telecom market and the financials markets are two markets to constantly scrutinize because the frontiers between the two are giving more and more opportunities for both incumbents and new entrants. I think that emerging countries like those from Africa have the most opportunities to benefit from the collision of these two markets.
A few years ago I was trying to convince a bank to become a cloud provider and maybe a telecom operator, yesterday it was like I was trying to convince a telecom operator to act as an exchange market operator or to spin out an external structure that acts as a bank specialized in market making financial products built on top of telecom products. The signal I got from this experience convinced me that Africa is well armed to face this transformation challenge because of the open-mindedness of these executives, Experts, and professionals I saw and the many very strong profiles of young tech specialists who like me have participated in this hackathon about fintech.
I was pleading here for more women in tech, 3 talented women out of a cohort of 15 is also a very good signal that African women are diving into tech, and from what I have seen they are not diving into it with real skills and talents like all these women software engineers like about whom I produced some cheap piece of words.
PS: Back to the future. Apologize for these days without sharing words.
This gift and this business model about packaging and the application of the example of mini-mills disruption of Integrated steel mills (maybe there will be few words about this in the future).
