Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Wednesday, February 5, 2020

Software Commodification

Something that people outside the software industry don't fully grasp is the increasing pace of commodification

You had a Phd in CS 20 years ago ? congrats all your knowledge is a library. 

You were an excellent physicist 10 years ago ? Congrats we can import and run everything you knew without even understanding half of it. 

You studied Artificial Intelligence in depth 15 years ago ? A 17 year old with a weekend in keras can provide better solutions than you. Everything you know is getting obsolete in an increasing rate. 

As software people we are are used to packaging up our knowledge and re-learning new skills (tools, theories, frameworks) every couple of years, because the old have been completely commoditized. 

It is an exciting but tiresome journey that it shouldn't be required by all. However as everything is becoming software there may not be a choice by most people. 

Personally the increasing pace of commodification allows me to cut through the noise and add depth to my knowledge. Knowing that the low hanging fruits have been picked will clear up the space of Artificial Intelligence and Machine Learning.

Αποτέλεσμα εικόνας για software commodification

Thursday, August 22, 2019

Preindustrial workers worked fewer hours than today's

Work brings purpose to life but it can be a great hack to keep you occupied from serious business. Work is not equivalent to production and it is not bliss. It is necessary to keep one alive and can bring happiness and purpose but it needs to be on itself purposeful and with actual tangible results.

There is an overworking and underproduction crisis. People work in bullshit works shuffling paper around and they are killing themselves while at the same time they produce nothing.

To unburden ourselves from normalcy bias we have to look at different times where things were simpler and their wasn't much space for non-producing workers.

From the paper "Preindustrial workers worked fewer hours than today's"

"The contrast between capitalist and precapitalist work patterns is most striking in respect to the working year. The medieval calendar was filled with holidays. Official -- that is, church -- holidays included not only long "vacations" at Christmas, Easter, and midsummer but also numerous saints days. These were spent both in sober churchgoing and in feasting, drinking and merrymaking. In addition to official celebrations, there were often week's worth of ales -- to mark important life events (bride ales or wake ales) as well as less momentous occasions (scot ale, lamb ale, and hock ale). All told, holiday leisure time in medieval England took up probably about one-third of the year. And the English were apparently working harder than their neighbors. The ancient regime in France is reported to have guaranteed fifty-two Sundays, ninety rest days, and thirty-eight holidays. In Spain, travelers noted that holidays totaled five months per year."

From the article " On the Phenomenon of Bullshit Jobs: A Work Rant by David Graeber "

In the year 1930, John Maynard Keynes predicted that, by century's end, technology would have advanced  sufficiently that countries like Great Britain or the United States would have achieved a 15-hour work week. There's every reason to believe he was right. In technological terms, we are quite capable of this. And yet it didn't happen. Instead, technology has been marshaled, if anything, to figure out ways to make us all work more. In order to achieve this, jobs have had to be created that are, effectively, pointless. Huge swathes of people, in Europe and North America in particular, spend their entire working lives performing tasks they secretly believe do not really need to be performed. The moral and spiritual damage that comes from this situation is profound. It is a scar across our collective soul. Yet virtually no one talks about it.

Why did Keynes' promised utopia—still being eagerly awaited in the '60s—never materialise? The standard line today is that he didn't figure in the massive increase in consumerism. Given the choice between less hours and more toys and pleasures, we've collectively chosen the latter. This presents a nice morality tale, but even a moment's reflection shows it can't really be true. Yes, we have witnessed the creation of an endless variety of new jobs and industries since the '20s, but very few have anything to do with the production and distribution of sushi, iPhones, or fancy sneakers.

In Bullshit Jobs, American anthropologist David Graeber posits that the productivity benefits of automation have not led to a 15-hour workweek, but instead to "bullshit jobs": "a form of paid employment that is so completely pointless, unnecessary, or pernicious that even the employee cannot justify its existence even though, as part of the conditions of employment, the employee feels obliged to pretend that this is not the case."

The author contends that more than half of societal work is pointless, both large parts of some jobs and, as he describes, five types of entirely pointless jobs:
  1. flunkies, who serve to make their superiors feel important, e.g., receptionists, administrative assistants, door attendants
  2. goons, who act aggressively on behalf of their employers, e.g., lobbyists, corporate lawyers, telemarketers, public relations specialists
  3. duct tapers, who ameliorate preventable problems, e.g., programmers repairing shoddy code, airline desk staff who calm passengers whose bags don't arrive
  4. box tickers, who use paperwork or gestures as a proxy for action, e.g., performance managers, in-house magazine journalists, leisure coordinators
  5. taskmasters, who manage—or create extra work for—those who don't need it, e.g., middle management, leadership professionals
 From the book "Bullshit Jobs"

Tuesday, August 20, 2019

Companies with overpaid CEOs have markedly underperformed the S&P 500

The companies with overpaid CEOs we identified in our first report have markedly underperformed the S&P 500.

Two years ago, we analyzed how these firms’ stock price performed since we originally identified their CEOs as overpaid. We found then that the 10 companies we identified as having the most overpaid CEOs, in aggregate, underperformed the S&P 500 index by an incredible 10.5 percentage points and actually destroyed shareholder value, with a negative 5.7 percent financial return. The trend continues to hold true as we measure performance to year-end 2018. Last year, these 10 firms again, in aggregate, dramatically underperformed the S&P 500 index, this time by an embarrassing 15.6 percentage points.

In analyzing almost 4 years of returns for these 10 companies we find that they lag the S&P 500 by 14.3 percentage points, posting an overall loss in value of over 11 percent.

Consistent with our 2018 report, this year we used a two-ranking methodology to identify overpaid CEOs.
1. The first is the same HIP Investor regression we’ve used every year that computes excess CEO pay assuming such pay is related to total shareholder return (TSR). 
2. The second ranking identified the companies where the most shares were voted against the CEO pay package. 

These two rankings were weighted 2:1, with the regression analysis being the majority. We then excluded those CEOs whose total disclosed compensation (TDC) was in the lowest third of all the S&P 500 CEO pay packages. The full list of the 100 most overpaid CEOs using this methodology is found in Appendix A. The regression analysis of predicted and excess pay performed by HIP Investor is found in Appendix C, and its methodology is more fully explained there.

From the article
https://www.asyousow.org/report/the-100-most-overpaid-ceos-2019

 

Monday, January 29, 2018

Peter Thiel's 7 questions on startups

Fom Peter Thiel's "Zero To one", notes on startups 

All excellent questions before you start any venture :
  1. Engineering : Can you create breakthrough technology instead of incremental improvements ?
  2. Timing : Is now the right time to start your particular business ?
  3. Monopoly : Are you starting with a big share of a small market ?
  4. People : Do you have the right team ?
  5. Distribution : Do you have a way to not just create but deliver your product ?
  6. Durability : Will your market position be defensible 10 and 20 years into the future ? 
  7. Secret : Have you identified a unique opportunity that others don’t see ? 


Saturday, July 29, 2017

Yodiwo joins Endeavour network


Yodiwo has been officialy accepted in the Endeavor network.
Entrepreneur: Alex Maniatopoulos
Company: Yodiwo
Description: What isn’t connected to the Internet nowadays? Though more systems are coming online, implementing Internet of Things (IoT) projects is incredibly complex, time-intensive, and costly. Engineers write thousands of lines of code in order to connect expensive smart devices, manage system workflows, and measure results. Yodiwo offers an affordable, code-free IoT application enablement platform plus customized solutions to expedite the process of constructing IoT applications and interconnected networks. Yodiwo’s proprietary three-tiered platform–Wisper, Cyan, and Alcyone–saves clients 90% on application development time, 30% on system operating costs, and and 40-50% on capital expenditure.
Our CEO Alex Maniatopoulos after a rigorous multiday interview convinced the panellists that yodiwo had all it takes to join their sucessful network.

This great milestone opens a brand new world for yodiwo and many business opportunities.