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June 14, 2016

I spoke at a fintech panel in New York. Some panelists predicted that banks are losing their position in the finance services, and some also felt other players like mobile carriers could enter the market. I was more skeptical of the thought of telcos in that business. Is it a realistic scenario?

People sometimes think that everything is more dynamic and faster outside their own industry; the grass is always greener on the other side of the fence. But when you have seen many industries, you start to feel that inertia is strong in large corporations in all industries. It is hard to... MORE

May 26, 2016

I have previously written  about how frustrating it often is to try to get customer service from carriers. It was again time to do something about my mobile subscriptions. And once again I felt they want to trap me, and the only thing I can do is navigate to the least harmful trap. Carriers might make more money in the short term with the current attitude, but for longer-term business it is very harmful.

I have many mobile subscriptions and handsets. Last time I managed to find quite a good package for data and roaming for my primary subscription, when I really focused on... MORE

May 10, 2016

The business world is after disruptive business innovations. While there is debate as to the definition of disruptive innovations (see HBR article), the definition is not so relevant in practice. The more relevant question is whether a new innovation opens opportunities for new companies and is a fatal threat to old business.

We can also phrase the question as; is an innovation an evolution or a revolution? Startups typically have a dream of a change that is a revolution, and incumbents want it to be only an evolution. How about Apple, Google and Tesla, have they started a... MORE

April 25, 2016

Ericsson's net sales declined in Q1 and the company started to re-organize its management. Nokia finalized the Alcatel-Lucent acquisition and laid off thousands of employees. Network vendors are waiting for 5G building boom and also plan new business lines. But it is hard to tell if they are really able to change their business; they will stay in the cyclical infrastructure business. Can someone really disrupt this business?

The market is now very much dominated by three players: Ericsson, Nokia, and Huawei. It’s gone through a huge change in 20 years. For several years already the... MORE

April 13, 2016

A person who contributes to a national digitization work group in his country told me “most people in the management groups of corporations have no idea, what digitization means.” He also mentioned one positive exception, the CEO of a local telco. And he continued “but he used to be a coder, when he was young, so he understands the value of software and IPR.” Is it so that the management layer of many corporates doesn’t yet really understand digitization and does it require some degree of technology competence?

Some time ago I spoke to a group of executives of an industry. A couple... MORE

March 02, 2016

The World Economic Forum brings the top business and political leaders to Davos late January. Mobile World Congress brings mobile, internet professionals and executives to Barcelona in late February. Normally discussions in Davos center around the main issues and trends affecting global business and economic development and how to handle select global issues. MWC is more about technology and business in online and mobile. But in this year they had topic that was strongly linked to both events: digitization.

In Davos Klaus Schwab, Founder and Executive Chairman, World Economic Forum... MORE

February 26, 2016

Fintech is definitely one of the most important new technology areas that is disrupting the finance industry. Fintech can be divided into two categories: 1) finance transaction solutions and services, and 2) finance services and instruments. Fintech’s role at MWC is also emerging, although it is still very much focusing on some transaction solutions.

Transaction services means, for example, payments, money transfers and authentication of transactions. It doesn’t include any real money management or instrument services, like accounts for money, investments, lending or financial... MORE

February 25, 2016

You have probably already seen many reviews from MWC16, so let’s try to dig into some other aspects. Do you know what the most boring thing at MWC is nowadays? It is when a mobile handset company’s VP of Something is on the stage and tells the audience “our new beautiful device will change everything” - and then you take that new handset into your hand and cannot understand how it is different from all other devices. But there was also much more at MWC this year in Barcelona.

The keywords of this year's conference were 5G, VR/AR, and maybe internet for everyone thanks to Mark... MORE