Economy Impacts Internet Trends and the Result is Mobile
Every year, Mary Meeker, one of Morgan Stanley’s most seasoned analysts posits her Internet predictions. I wait on the edge of my chair for this moment. This year she calls it Economy + Internet Trends, which once again reminds us how much the economy, or lack of it, has influenced everything, including the Internet. Her presentation was given at the Web 2.0 Conference in San Francisco. Unfortunately I didn’t see the presentation, but I snagged a copy to read. Lots of the usual slides on key indicators and charts on progress, or lack of it this past year. The big theme for 2010 is mobile, mobile, mobile. It’s big, and not only big, but bigger than we think it is.
According to Ms. Meeker, mobile Internet will be the next generation computing cycle. largely driven by a 10x growth in hand held devices that connect through the cloud. Real time wireless remotes control everything these days and location based services are the secret sauce. But the carriers could be their own worst enemy. AT&T is already struggling to deliver the messages and e-mails within the expected SLA. Mobile services add real time to relevance but not if it stops being real time. Carriers take note! You can download her presentation here .
I have seen an amazing uptick of visits to web sites over the course of 2009 and believe that trajectory will continue. Leveraging this in-pocket or in-purse device will be an important part of anyone’s marketing and servicing strategy for 2010 and beyond. Ignore at your own risk.
Managing Multi-Channel Relationships
Next week I will be on a panel with three distinguished industry professionals from Best Buy, Draftcb and imc2. The event is the Forrester Consumer Forum held by Forrester Research at the Fairmont hotel in Chicago. I get quite a few invitations to either speak or be on panels (not bragging, just a fact) but I’m very selective on where I spend my time. Forrester has an amazing track record on delivering great content and they have gotten their chops back on being provocative (full disclosure, I am on their Interactive Marketing Leadership Board). This year’s Consumer Forum theme is The Three-Dimensional Consumer: Creating Breakthrough Multichannel Relationships.
I will be on a panel discussing how to manage multichannel agency relationships. Today firms are tasked with managing a variety of online channels; web, e-mail, chat, social and mobile. No one person company or agency can be an expert in all of them, but our customers expect us to deliver a great experience and value at every touch point. I view this as an exciting challenge. The agency landscape has expanded to fill this gap. But adding more agency partners complicates things. Here are some of the questions that will likely be thrown at the panel.
- What is a digital agency’s role in today’s multi-dimensional landscape? Is it more important or roughly the same as it’s been?
- What makes a successful interactive agency-marketer relationship?
- What are the pros and cons of working with one consolidated agency vs. several specialist agencies?
- How has social media changed the landscape and what is the role of agencies in this space?
- What can marketers and/or agencies do better to improve relationships?
Looking forward to a lively discussion and voicing my opinion. Check back for a wrap-up after the event.
Finovate. Worth the Wait
I attended Finovate 2009 (Financial Innovation) in New York on Tuesday, September 29th. I love this format. Thirty-two companies show-up to present their next generation releases and try to convince banks and credit card issuers to buy their solutions and embed them into their online environments. Here’s the really cool part. Each firm gets only 7 minutes on stage and must demo their wares, no PowerPoint allowed.
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You don’t want to go first or last here, but in my opinion the pre-lunch slots were the best in terms of keeping the audience’s attention and avoiding the numbing blur of one demo after another. There were a lot of mobile solutions, particularly for payments, as well as personal financial management applications and a sprinkling of social/community. Needless to say I won’t be summarizing all of them, but I want to make mention of the ones I found most interesting based on the following criteria.
- Utility
- Uniqueness
- Innovative
- Good user experience
- Helps financial firms solve problems
- Presentation quality
BrightScope – They had a mission statement. “Help Americans Retire in Dignity.” Their research showed a large percentage of Americans rely heavily on their 401k to support them after they stop working. Their online application rates over 10,000 plans with a simple score and shows you where yours stacks up vs. others. If your plan isn’t there, you can request it be added and in most cases it’s up within two weeks. It has a neat projection tool that calculates shortfalls in money, or additional years you may need to work. They also have a solution for plan advisors as well. I mention them because retirement is being re-thought by almost everyone in the wake of the downturn. Also for their focus on trying to do one thing and doing it well. Visit them here.
BancVue/First ROI - I know, not a memorable name, but their product is called Kasasa (new day). It’s a turn key co-op solution that helps smaller banks come together and at least have some way of competing with the mega-banks. They focus on the younger market by offering a rewards checking program that pays them in iTunes cash. Spending is only part of the solution. The program encourages saving and giving to charity. The marketing is really crisp and encompassing. They seem to have thought of everything; advertising, customization, all the way down to email reminders. Great presentation and the only firm to bring a customer on stage for a testimonial. This one was my choice for best in show and I found out later, that it actually won it. Visit them here.
TILE Financial – Their observation is today’s wealth is sandwiched between the aging population and their financial advisor. When the inevitable time comes, that wealth, about $1 trillion according to TILE, transfers to survivors and the advisor and her firm loses it. Their solution, The Investing Learning Environment (TILE). It helps manage the shift in assets from one generation to the next while keeping the funds and investments at the firm. Three modules in the application, Spend, Grow and Give help young and old make decisions together as well as reinforce the practice of giving back to the less fortunate. They have an elegant user-interface and a strong feature set that seems usable for seniors, but cool enough for their children. The spend module captures where spending occurs and presents company stock price and carbon footprint adjacent to the transactions, expanding the potential horizons. I spoke with them afterwards because I was curious as to how they were selling the product. It needs to travel from advisor to client to their family in order for the relationship to take hold. They didn’t give me a satisfying answer apart from saying this would be most effective to newer wealth. Visit them here.
Yodlee – In the past Yodlee has always been strong in functionality, but not always the most easy to use UI. This time around they clearly focused on the user experience and presentation layer in their upcoming release. Their MoneyCenter product accounts for 90% of their use cases onto one widgetized screen, eliminating pop-ups, glides and page reloads. These widgets can be dragged around the screen to create a personalized environment. The window is framed off with the ability to house critical stats you always want front and center. And oh yes, it’s now blue. These changes are big moves. Viewing, tracking and paying are all here. They have an interesting feature that shows good and bad days to pay based on your cash flow. They announced a partnership with UltraSoft that will come to the rescue of soon to be abandoned MS Money users. Your data will be fully importable to Yodlee in the near future. Visit them here.
iPay Technologies – The women who presented really made their product come alive with the use of personas and storytelling. Tops here. They took us inside the world of a small business owner and their back office assistant as they demonstrated the product. Take away here is, the owners are too busy to bother with the office, and the office managers need help getting direction from the owner. Their solution gives business owners a customer database, online invoicing, online payments and choice of templates for easy personalization. Their get paid faster functionality allows business owners to email the invoice and their customers can click into the iPay site and pay right there. An email summary is produced at the end of each day so keeping track of your money is easy. Nice interface. Clean, feature-rich, but not confusing. Visit them here.
That’s my short, short list. I thoroughly enjoyed the day and got some great ideas to bring back to the office. Would consider returning next year.
The Power of a Human
Nelson Mandela spent 27 years in prison on trumped-up charges. After his release in 1990 he continued on his tireless task against Apartheid and helped create a multi-national democracy in South Africa. He was elected president in 1994.
I have read a number of interviews with Mr. Mandela but there is one that stands out in my mind. Unfortunately I didn’t save it and looking through thousands of search results has proved daunting. Oddly enough it wasn’t the interview content that impressed me so much. It was the interviewer’s description of the situation. Mr. Mandela was president and there was nothing but chaos swirling around outside. Violence, unspeakable acts being carried out by humans; a grim atmosphere. Mr. Mandela was observed in the midst of all this data being reported by his advisors who were swarming about. He calmly left what seemed like pure mayhem and entered a small room where the interview was to take place. According the the reporter, Mr. Mandela seemed to throw a switch in his mind, completely shutting out everything he had just been thinking of and provided complete focus to the interview. Amazing.
Appreciation: The Art Institute of Chicago
I first visited the Art Institute of Chicago in the late 1960’s as a young boy. I ascended the great staircase and entered the Impressionism gallery and was absolutely blown away. Instantly I was transformed into a hardcore museum goer for all time. I’ve done a rough calculation and believe I’ve visited the AIC about 250 times. Of course I’m a long time member and frequent contributor to this storied (over 130 years) institution. At times I’ve shared more about my personal life with certain paintings that adorn these gallery walls than I have with many of my closest friends. Occasionally I sketch them (badly), write about them (somewhat better), and photograph them along with the building (best of all). View my AIC flickr gallery here. Many times I would visit alone and spend time trying to understand the art and artist and ask them to understand me. They always did.
That experience given to me by my father was a rare moment, and so I felt strongly about returning the favor to my first son, Julian. He was diagnosed with Asperger’s Syndrome at age 2, and as such processes information much differently than neuro-typicals. That’s a fancy word for people whose brain functions normally. For context, here’s the best definition of Asperger’s I’ve ever run across.
The dominance of specialized thinking and ability that prioritizes doing one task, one way, one step at a time with limited flexibility. This occurs to various degrees and results in strengths in the areas of focus (especially in the area of specialization), honesty, detail orientation, logic and original thinking. This tendency toward specialization also often results in challenges developing more generalized and complex skill sets such as conventional socialization and communication.
He was four years old when I first took him to the AIC and he had a perfect photographic memory as a result of his condition. His focus at that time was Impressionism paintings. He took ownership of my prized Big Book of French Impressionism and set out to memorize all the artists, their birth and death years and all the canvases they painted. He was a walking encyclopedia of the facts of this body of at the age of four!
In April of 1985, not long after we had moved to Chicago, we made our first AIC visit together. We entered the classic Beaux Arts building, climbed the grand staircase and immediately saw Gustave Caillebote’s Paris Street, A Rainy Day. There it was, bigger than life in the middle of the gallery. I’m a little fuzzy on this detail, but I think we both said “wow” at the same time. He too was instantly hexed with museum-going for the rest of his life.
Needless to say year after year we visited, taking in the traveling exhibits and re-connecting with our favorite masterpieces.
Fast forward to the year 2004. After a new offspring drought spanning 23 years I was blessed with a wonderful second son, Connor. Completely normal in every way, and turning into quite a negotiator. Last weekend was his first visit to the AIC. We took the same path that I took when I was a lad, and again when Julian was four. Photos from both moments were captured. The juxtaposition of these images solidifies my connection with the Art Institute.
The AIC is a priceless gem as well as the second largest museum in the country, thanks to the opening of new Modern Wing. You can read my impressions of this new showcase here. Year in and year out, despite challenges in my life or the mood of the world, the AIC is a constant. Always there for me, for us, whenever we need to escape the press of the day and roam the boundless spaces of creativity.
Here is a select list of exhibits that have stood out in my memory and hold a special place in my heart.
- Edward Hopper – 2008
- William Merritt Chase: Modern American Landscapes – 2000
- Mary Cassatt: Modern Woman – 1999
- Charles Rennie Mackintosh – 1997
- Degas: Beyond Impressionism – 1997
- Claude Monet – 1995
- Gustave Caillebotte: Urban Impressionist – 1995
- John James Audubon: The Watercolors for The Birds of America – 1994
- Magritte – 1993
- Marc Chagall: The Jewish Theatre Murals – 1993
- Master European Paintings from the National Gallery of Ireland – 1992
- Degenerate Art: The Fate of the Avant-Garde in Nazi Germany – 1991
- High & Low: Modern Art and Popular Culture – 1991
- Andy Warhol: A Retrospective – 1989
- John Singer Sargent – 1987
If you have never visited the AIC, do so as soon as you can. Get information from their web site here. Follow them on Twitter here. Fan them on facebook here.






















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