Emerging Technologies You Need to Know
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JohnFeller 110000RUW6 Tags:  banking wiki rss socialnetworking peertopeer wallstreetjournal 3,936 Views
Today's Wall Journal, section D1. Refers to Prosper.com, Circle Lending (majority stake owned by Virgin Airlines), and
emerging participants. As we've discussed, affiliation of like-minded people is the crux of Web 2.0, whether accomplished
by RSS feeds, wikis, tags, or social networks. We will only see this trend accelerate and well beyond Finance as size of
the enterprise becomes less of an inhibitor to competition. Better said is that the evolving Internet's capabilities permits every
and any organization to appear larger than it truly is.
(1) as my banking friend in the Ohio reminds me, 'we only have to lose the top 4 or 5% of our customers to the likes of
prosper.com as these customers are the ones usually more comfortable with risk-taking and consequently our most profitable
(2) if a fledgling start-up can organize peer to peer lending across an undeveloped customer base or community, what
prevents the largest retailer (both on-line or in every shopping center) from offering such services? cperrien
The recent Technology Review article, "10 Emerging Technologies 2007" gives a research university's view on Emerging Technology that I find extremely interesting. The topics they chose this year fire the imagination. It's not hard to visualize the impact on life in the future if or when some of these technologies find their way out of the lab.
This year, nanotechnology was especially prevalent, whether to heal the body, create an "invisibility cloak", or supercharge solar cells with cheaper "quantum-dots". Software also plays a large role in their list, with advances in Peer-to-Peer video, personalized medical diagnoses, and even taking a lesson from Sudoku to improve digital imaging. Their report on "augmented reality" showcases a Nokia smartphone prototype that could perhaps be a precursor to a Star Trek "tri-corder"-like mobile device. Fascinating stuff, indeed.
As I prepare for a week of Financial Sector customer roundtables to discuss Web 2.0, I think about both Prosper.com for peer-to-peer lending and Wesabe.com for financial management. Community affiliation across the Internet will provide some competition to national and regional banks, even if they can continue to keep WalMart out of the banking business (NY Times Sat. March 17, section B1). Here is the Prosper link. I'll follow-up with Wesabe.