Check out this interesting company Recorded Future.
This is very relevant to my upcoming post on Digital Identity Tuner 7.0
Start thinking of this metaphor when looking at your digital footprint.
Recorded Future
Reply
Category Archives: Innovation
Digital Identity Tour: the unpolished diamond part-1
Summer is coming to an end.
I had some good times off, disconnected with lots of reading, biking, and hanging around. Also the best way to let new ideas emerge.
Lately, i have been immersed in digital identity. First, I attended the EEMA European e-Identity Management Conference in London . The week after, I was the “tour guide” for a study week on the subject with 4 other colleagues.
We discovered a rich subject – in full (r)evolution – and we met really very smart people who were extremely knowledgeable about the subject.
Since then, I have been reading and thinking a lot about the subject.
This blog post – in different parts – is a detailed report of those conversations, reflections, interpreted in a very personal way. In other words, this is my very personal consolidation and internalization on the subject.
The subtitle of the blog is “the unpolished diamond”. Indeed, what I will present here is a multifaceted subject. It’s like a rough diamond, which still needs to be polished into a beautiful multifaceted shiny precious diamond.
The different facets of the diamond are organized in “chapters”. I feel like this can become the basis of a more in-depth whitepaper, or – time and ambition permitting – a book at some day. Please let me know and/or encourage me if you want me to go ahead with this crazy idea of a book.
I will come up with some other metaphores in subsequent posts. The one on “Digital Identity Tuner 7.0” is in the making, where I will really push the identity envelope.
Anyway, my identity story starts in 2001 or so. That’s when I got infected by the identity-virus: I was working for Microsoft (2001-2005) on the Belgian e-Identity Card (eID) project.
This was a once-in-a-life project, sponsored by Bill Gates himself, who saw the advent of 8 million eID citizen cards being distributed in a mandatory way to the Belgian citizens over a period of 5 years as a ideal test/pilot market. (BTW: Belgium is already renewing the first cards that were issued at the time; this means this has to be looked at as an infrastructure thing, that needs to be maintained for several generations)
We wanted to discover how citizens reacted to such eID card, assess what sort of applications were being build that consume this eID card, and what would be needed to support this sort of card in Microsoft products. This was far reaching, as we looked across the board at Windows OS, Microsoft Office, MSN (Safe chat for children), workflow, audit and regulatory requirements, and last but not least privacy.
My role was one of Business Development Manager, not so much in a sales mode, but rather in a research and discovery mode.
It was during this time that I met Kim Cameron (Microsoft’s Chief Architect Identity), just at a moment when Kim had published his seminal whitepapers “Laws of Identity” and “Towards an e-identity meta-system”.
Kim has become a friend since then, and I highly recommend his blog www.identityblog.com.
I was permeated with the early concepts of claims based identities, and ever since, I felt a natural attraction towards anything that was related to identity, not only e-identity but also identity in it’s philosophical and existential sense “who am I really ?”
Already at that time (2001),
I felt that the eID card
(a smart card with certificates issued
by the Belgian government)
was an anachronism.
We seemed to use
concepts of a physical world,
and tried to use them
in an on-line world
fundamentally different because
hyper-distributed and
highly interconnected
In addition one can question today whether the government (or a bank, or another “trusted” party should be the originator of the identity).
It’s like maintaining a 2D view on a world that has since long moved to 3D. It’s like looking at the sunset in 2D: what you see is a circle that gets smaller and smaller until it’s a dot and then finally disappears.
But in this 2D view, one has lost the 3D dimension of our planetary system, and the highly dynamic and interdependent set of moving parts.
This view is shared by David Birch, who runs a very interest Digital Identity Blog when he says:
The analog-digital comparison does not work when thinking about 21st century e-identity
There are indeed some novel views that
instead of having “an e-identity
issued by the government
to offer value to the citizens”,
it would not be better to have “an e-identity
issued and managed by the citizens
to offer value to the government”
This view is highly related to a tectonic shift of power back to the owner of the data, or more in general the revolution from “Push to Pull” business models that are so well described in John Hagel’s seminal book “The Power of Pull”, in my opinion THE business book of 2010 (although not shortlisted in FT’s 2010 best business books –> FT is wrong 😉
In the next editions of the “unpolished digital identity series”, I will tackle following “chapters”:
- Digital identity in Cloud computing
- Digital Identity Tuner 7.0
- Privacy
- Business case/model
- Architectural perspectives
- The role of a registration authority (if any)
- Claims based identity: more than PKI
- Personal data sharing
- The “pile” of standards
- Vendor readiness
- User comfort
- Mental reference framework for SWIFT
- Trust Frameworks
- Form factors
- Liability
- Developer perspective
- Digital identity and Digital footprint
- Social currency
- Semantic tagging of the WHO
Hmmm… it starts indeed looking like a book. Any input and suggestions welcome.
Innotribe at Sibos 2010: Smart Data
Cross-posted on Swiftcommunity.net
Imagine understanding thousands of data-sources in real-time and do market correlations; or leveraging deep unstructured data analytics in order to derive financial intelligence from unstructured data; and render all of this rich information to your users in rich user interfaces such as iPhone/iPAD or even gesture based user interfaces to do slicing and dicing of massive data sets.
Imagine unleashing the power of SWIFT semantics and standards knowledge on structured and non-structured information, and what could happen then. That is what our “Smart Data” theme in Innotribe at Sibos2010 (25 – 29 Oct 2010 in Amsterdam) is all about. We decided to call it “Smart Data” , as – at least in our industry – the words “semantic web” have – ironically – little meaning.
The ability to understand the semantic meaning of data will improve business intelligence for financial services. In essence, today SWIFT already tags semantically the fields of the standard SWIFT messages. Tomorrow, we could tag ANY information, including non-structured information hidden in PDF’s or Word documents or other information streams, overlay that information with existing other structured data sources, and offer pattern recognition services leading to deeper intelligence about those data sets. If you’re interested, I have prepared a more detailed write-up on my personal blog here .
As always in Innotribe @ Sibos, also this Smart Data theme is supported by Keynotes, Face-to-Face discussions, interactive workshops (Innotribe Labs) and R&D demonstrations.
Smart Data keynotes: “Towards more financial intelligence through semantics”
on Wednesday 27 October, from 09:00 – 10:30 in the Interactive workspace.
As for the other themes, we have a great line of speakers. All presentations will focus on what is the possible value of applying semantic technologies with a high relevance for financial services. So, these are not theoretical presentations, but examples of applied semantics. With demos so that you get a real feel of what happens when you start overlaying different data sources.
- Nova Spivack, CEO, Lucid Ventures. We are very excited to have Nova Spivack with us. Nova is in my opinion a worldwide visionary on semantic web. Nova will give a vision presentation showing how semantic web applies to financial services. He will be assisted by somebody from the financial business.
- Stephen Mongulla, Associate Partner, Financial Performance Management & Analytics, IBM (www.ibm.com ). In this talk, Stephen will describe a joint effort between IBM’s financial services research and software solution teams to leverage deep unstructured data analytics in order to derive financial intelligence from unstructured data. He will describe the various data sources available (such as SEC filings and social media), we show some interesting entities to be extracted (such as ownership structures, lending activity or consumer sentiment). He will briefly touch on the system aspects of our data extraction and analytics infrastructure and will conclude our presentation with a demo.
- Gary Thompson, Co-Founder and President, CLOUD Inc (http://www.cloudinc.org ) will present a compelling story on how transactions (the what) and the participants to those transactions (the who’s) can be semantically tagged, and how that results in powerful iPhone/iPAD applications. For once and for all, you will understand there is no “where” on the Internet.
- Mary Ann de Lares Norris, General Manager, Oblong Industries, Inc, Europe (www.oblong.com ). Mary Ann will give a video-demo of Oblong’s gesture-based user interface, slicing and dicing massive sets of semantic data sets. This is Minority Report becoming real. Not to be missed ! Here is the TED video on that subject:
Smart Data Face-to-Face discussion: “Which semantic evolutions will transform financial intelligence? “
on Wednesday 27 October from 12:30 – 14:00 in the Interactive workspace
The Face-to-Face discussion will be kicked-off by a 20 min thought provoking presentation by Rob Usey, CEO of www.Psydex.com , who will give a mind-blowing demo of their PsyngFX application: this application listens in real-time to thousand of structured and unstructured information feeds, does semantic tagging on the fly, and correlates this with marketdata. Whether your topic of interest is Oil Refinery Explosions, Apple Computer or Mergers & Acquisitions, Psyng can instantly alert you to key news events, delivering correlations and projected impacts as the news happens.
After this scene setting presentation, Eghosa D. Omoigui will moderate a panel of smart data specialists:
Currently confirmed are:
- Nova Spivack, CEO, Lucid Ventures
- Gary Thompson, Co-Founder and President, CLOUD Inc
- Rob Usey, CEO Psydex
- As we speak, we have 3-4 additional invitations to representatives of financial institutions using smart data technologies. Follow our Innotribe tweet to stay up-to-date on speaker confirmations in real-time.
Smart Data Lab
We are repeating the highly successful format of Innotribe Labs. One or more Smart Data Idea generation teams will be formed on the spot, and over the course of the 3 days they will prepare a professional pitch to be delivered on Thursday during the “Pitch your Lab competition, in front of the public and a very skilled Buyer’s Panel.
The Smart Data Innotribe Lab team will be supported by following professionals:
- Innotribe Leader Business: to be advised
- Innotribe Leader Technology: Nova Spivack, CEO, Lucid Ventures
- VC-Coach: Eghosa Omoigui, investor in Semantic Web start-ups
- Professional facilitators from The Value Web
- Your’s truly, as SWIFT representative
R&D Demonstrations:
We’ll have this year a beautiful Innotribe corner integrated in the main SWIFT Stand. We’ll have a packed program here as well. We are still looking at the many candidates, and will do a separate blog on all the presentations scheduled throughout the week.
Educational Resources:
I am a big believer of Semantic Web, and always on the look for good educational material to help me explain what it is and why it is important.Please find below some great resources:
– Video made by Cisco, by their IBSG group (Internet Business Solutions Group).
– One single link with many other educational resources here .
– If you want to get somebody interested enough to do some more research, this 14 minute film by Kate Ray is the perfect thing to give you the appetite for the subject: Web 3.0 from Kate Ray on Vimeo.
Web 3.0 from Kate Ray on Vimeo.
Let’s start the conversation:
Innotribe is organised by SWIFT Innovation with the support of financial institutions, vendors and innovation leaders.
We just opened a Web-Storm on Innotribe.com to collect your idea on this Smart Data theme and the other 3 themes as we build up towards October. We will feed-back these ideas to the Innotribe Leaders before the actual Labs in Amsterdam. Check out www.innotribe.com
In the true spirit of less push and more pull, we encourage you to engage in a true dialogue with the Innotribe team. We look forward to seeing you in Amsterdam.
The Innotribe team
www.sibos2010.com
www.innotribe.com
www.swiftcommunity.net/innotribe
innotribe@swift.com
Twitter: http://twitter.com/innotribe
Techonomy: a new philosophy of progress
Last week, I had the privilege to attend the first edition of Techonomy, a fantastic new conference blurring technology and economy with an optimistic balance that technology in its broadest sense (not only IT, but also gnome sequencing, bio-fuels, big history, etc) can be the driving force for a better world.
First enjoy the announcing video below.
The conference was bringing together 3/4 of Silicon Valley’s leadership, including Eric Schmidt, Jeff Bezos, Bill Joy, Bill Gates, Steward Brand, Kevin Kelly, John Hagel, Deborah Hopkins (Chairman of Venture Capital Initiatives and Chief Innovation Officer Citi), Nicolas Negroponte, Sean Parker, Padmassree Warrior CTO Cisco), Jeff Weiner (CEO LinkedIn), and the list goes on, and only a couple of non-US leaders such as Nobuyuki Idea (Founder of CEO of Quantum Leaps Corporation, working on innovation, and previous CEO of Sony Corporation), Nellie Kroes (European Commissioner for Digital Agenda), Vineet Nayar (CEO HCL Technologies, India), and Ory Okolloh (Founder/Executive Director Ushahidi, South Africa).
How to describe Techonomy conference ? I would say “a super-TED with a technology focus and with an agenda”.
The agenda is “a new philosophy for progress”.
It’s a movement
Somebody asked “a movement against which enemy, against which barriers ?”.
I believe it is a movement FOR something.
For a better world. Finding techonomic solutions to tackle the global climate challenges, feeding the world, a better health for everybody, a new value kit for the current and next generation, not based on greed but on the concepts of creative capitalism as formulated some years ago by Bill Gates in the Bill and Melinda Gates Foudation.
In that sense, it should not surprise the regular reader of this blog how much this resonated with myself. Not only the personal inspiration, but especially how we with on organization like SWIFT can adopt and promote the techonomist values and objectives.
I also came across some leaders that could be subject of SWIFT’s CSR initiatives. Take Bill Drayton, Leadership Group Member Chair and CEO of Ashoka, the global association of the world’s leading social entrepreneurs, men and women with system changing solutions for the world’s most urgent social problems, encouraging everybody to be a changemaker.
It’s impossible to describe the intensity of the content and contacts of these 3 Techonomy days.
Some highlights:
- Evolution is incremental. Revolution is disruptive movement
- Collective learning is what makes us human
- The physical economy is sensoring a second economy of conversational plumbing
- As long as we draw boundaries (for ex US vs. China, we against them, etc) we will not be able to solve the world’s problems.
- The economy is NOT recovering, consumer is running out of money
- Governments do not understand globalisation, businesses do.
- Employees first, customers second.
- Promote younger people must faster
- Building and tapping from tacit knowledge will become core skill
- Markets are like gardens: they need tending
- Innovation happens outside the regulated markets
- Banks make money on spread and opacity. They are by definition against transparency
- Currency is “the instrument of trust in a transaction”. Unfortunately the debate focused solely on the payment transaction and money as the trust element.
- Health agenda: from illness fixing to personal health prediction and coaching
- Some technomists are skeptical optimists that do not take progress for granted. One has to make progress. It does not happen.
- Recalibrating our assumption that form our perceptions. For ex we learned that world population will NOT grow indefinitely and probably max around 9 billion, and then go down.
- Innovation at Cisco: Looking at 30 ! adjacencies as a “portfolio” like a Venture Capitalist does.
- Computer Associates CTO: “a lot of leading edge innovation comes from financial services”
- Innovation requires a culture of taking risk and celebrating failure
- Change happens when the DESIRE not to change is greater than the desire to change. The power struggle to make this balance change is based on societal needs.
- Innovation requires 1) Money, 2) Desire, 3) Need
- There is no value in the idea, there is value in its commercialization
- We have a moral obligation of bringing less developed regions up.
- Cities are “intensities” that have a critical mass of people
- In a city-“OS”, no one single company can dominate. It has to be open source by definition.
- Generation-Y or whatever: you need the backing of 18 year olds. That’s “youth”. 25 years+ does not quite get it.
- Companies scale like biology, and in the end they die. Cities scale like networks, and do not die. The city is the framework model for the future.
- In the developed world, a disruptive innovation is something that can create the biggest disruption. In the developing world, innovation is a technology that is simple, reliable, and that can function as an integrated unit.
- Success in mobile in Afghanistan is because there was no legacy. They are willing to take the risk to jump to the next curve.
- The future is for (techonomist) entrepreneurs that are willing to work together.
The conference is so good. It cries for a European and an Asian chapter. Any European Leader should not hesitate a second to be associated with and sponsor it.
I was dreaming of hosting a European chapter of Techonomy at the fantastic SWIFT Headquarters south of Brussels.
El Jefe, do you hear me ?
Innotribe Sibos 2010: Cloud Computing
Cross-posted at swiftcommunity.net
Last time, we shared our high-level Innotribe program for the Sibos week (25-29 October 2010) . This week we’ll zoom into the details of our Cloud program, one of the 4 themes of this year’s Innotribe.
Cloud was already on the program last year. Our main ambition then was to introduce you to some basic concepts of Cloud Computing, such as Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS).
This year we want to go beyond that basic definition stage. Following last year’s Labs, which were focused on the economics of cloud computing, this year focuses on the practical implementation, user experiences, and why it’s important for the financial industry. There will be a specific focus on hybrid cloud models and APIs.
As always in Innotribe @ Sibos, also this Cloud theme is supported by Keynotes, Face-to-Face discussions, interactive workshops (Innotribe Labs) and R&D demonstrations.
Cloud computing keynotes: “Towards new models and APIs”
on Monday 25 October from 11:00 – 12:30 in the Interactive Workspace
We have a great line of speakers. Confirmed at the time of this writing are:
- Sean Kelly, Global CIO for Deutsche Asset Management, Deutsche Bank. Sean is also elected Chairman of ECLC (Enterprise Cloud Leadership Council) a key banking cloud initiative including participation of Bank of America and Commonwealth Bank of Australia.
- Subhra Bose, CTO for alternative investments, Credit Suisse. He will share the experiences of Credit Suisse in implementing cloud in alternative investments.
- Jacqui Taylor, Founder of Flying Binary. In a previous life, Jacqui was Design Manager at BACS. She will talk about a Google Apps application supporting the Payments Services Directive.
- Paula Richards, Cloud Computing Initiatives Executive, IBM
- Oren Michels, CEO, Mashery. He will give an amazing speech on how API’s are now offered as-a-Service, including a compelling demo of their developer’s portal. Oren is sharing his enthusiasm for the Cloud theme in following YouTube video
Face-to-Face discussion: “Appstore for financial services – dream or reality?”
on Monday 25 October from 12:30 – 14:00 in the Interactive Workspace, right after the Cloud keynotes.
The Face-to-Face discussion will be kicked-off by a provoking presentation by Sean Park (CEO, Nauiokaspark) on the need for a neutral platform for cloud applications for the financial services.
Peter Hinssen, CEO, A-Cross Technologies will again be our skilled moderator for the Cloud Face-to-Face discussions. Last year he managed a panel of 11 participants. The feedback indicated that such a big panel was maybe a bit over the top. So this year, we have a slightly smaller panel. Confirmed so far are:
- All the Cloud keynote presenters above, complemented with
- Amir Halfon, Senior Director & Global Lead Architecture and Technology, Oracle
- Sean Park, CEO, Nauiokaspark
- Abbie Barbir, VP Senior Architect, Bank of America
- Keith Saxton, Director, of Banking & Financial Markets IBM Global Financial Services
- Mary Knox, Research Director, Banking and Investment Services, Gartner Research
Innotribe Labs
We are repeating the highly successful format of Innotribe Labs. One or more Cloud Idea generation teams will be formed on the spot, and over the course of the 3 days they will prepare a professional pitch to be delivered on Thursday during the “Pitch your Lab competition, in front of the public and a very skilled Buyer’s Panel.
The Cloud Innotribe Lab team will be supported by following professionals:
- Innotribe Leaders Business: Jacqui Taylor (ex-BACS) and now Founder of FlyingBinary
- Innotribe Leader Technology: Sungard (to be advised)
- VC-Coach: Sean Park
- Professional facilitators from The Value Web
- Your’s truly, as SWIFT representative
R&D Demonstrations:
We’ll have this year a beautiful Innotribe corner integrated in the main SWIFT Stand. We’ll have a packed program here as well. We are still looking at the many candidates, and will do a separate blog on all the presentations scheduled throughout the week.
Let’s start the conversation:
We just opened a Web-Storm on Innotribe.com to collect your idea on this Cloud theme and the other 3 themes as we build up towards October. We will feed-back these ideas to the Innotribe Leaders before the actual Labs in Amsterdam. Check out www.innotribe.com
Innotribe is organised by SWIFT Innovation with the support of financial institutions, vendors and innovation leaders.
In the true spirit of less push and more pull, we encourage you to engage in a true dialogue with the Innotribe team. We look forward to seeing you in Amsterdam.
The Innotribe team
www.sibos2010.com
www.innotribe.com
www.swiftcommunity.net/innotribe
innotribe@swift.com
Twitter: http://twitter.com/innotribe
Cisco explains semantic enterprise
At this year’s Innotribe at Sibos (25-29 Oct 2010), we have a whole track on “Smart Data” aka “Semantic Web”.
We decided to call it Smart Data is – at least in our industry – the words “semantic web” have ironically little meaning.
I am a big believer of Semantic Web, and always on the look for good education material to help me explain what it is and why it is important.
Here is a video made by Cisco, by their IBSG group (Internet Business Solutions Group). I had the pleasure of recently working with IBSG folks, and I can tell you these guys are NOT the router guys. They are very knowledgeable. I also recently discovered they had a whole practice on digital federated identity and now this one on semantic web.
Some highlights in this video:
Starting (!) from the iPhone App Siri (Siri was acquired by Apple in April 2010), to WiseWindow, the video gives you some teasers on what this technology can do for you, and then moves into a really good and quick tutorial on the standards underpinning semantic web.
The Siri application is about understanding natural language and giving intentional feedback and information back to the user. Watch the detailed video above.
WiseWindows looks into
- assessing your competitive position
- most desired features, discovering patterns in conversations and buzz, influencers, etc
- market sentiment
The speaker also emphasizes the importance of onthologies. Highly relevant in a SWIFT Standards context. With the ISO20022 Standards, SWIFT is already at the core of THE semantic onthology for the financial industry. Fore Semantic web, an untapped goldmine for the emerging future of SWIFT.
The ability to understand natural language and reason about data could improve business intelligence for financial services. In essence, today SWIFT already tags semantically the fields of the standard SWIFT messages. Tomorrow – with our onthology – we could tag ANY information, including non-structured information hidden in PDF’s or Word documents, overlay that information with existing other structured data sources, and offer pattern recognition services leading to deeper intelligence about our and our customers’ data.
What I want to make clear is that this is not only related to the social web. On the contrary.
It’s about data-integration within and across organizations.
Was that not the purpose of EAI (Enterprise Application Integration) and EDI (Electronic Data Interchange) ? The difference is that the above systems are often messaging based: sending (standardized) structured messages from one system to another.
I believe that we are witnessing a paradigm shift
from “sending messages from A to B”
to “publishing linked data”
into centralized or distributed data repositories.
From “sending and storing messages”
to “publishing and subscribing
to linked-data repositories”
The key challenge in all this is to be able to (automatically) tag data semantically. Who else than SWIFT would be better placed to be that semantic quality anchor for the financial industry ?
The video closes with 5 messages for our leaders:
- Look for value both inside and outside your core by tapping also into public data sources
- Experiment and Scale success. Your innovation team should do proof-of-concepts on this, even if this is not yet foreseen in your product roadmaps
- Build semantic skillsets as these are competitive differentiators
- Lay the foundation for semantical enablement of unstructured data, like PDF’s, but also images, audio and video sources
- Look now at what semantics can do to transform business
I have seen recently from Cisco how they do live-streaming-and-tagging of video for their internal portal. Maybe we should invite somebody from the Cisco IBSG-team to our Smart Data stream at Sibos ?
BTW: Guido Jouret from Cisco will speak at Innotribe at Sibos in the Open Innovation Best Practices session on Thursday 28 Oct 2010. Guido Jouret is Chief Technology Officer (CTO) of Cisco’s Emerging Markets Technology Group (EMTG), which is responsible for incubating Cisco’s future billion-dollar businesses.
Innotribe @ Sibos 2010 : High-Level program
Cross-Posted on SwiftCommunity.net
Last week, Kosta kicked-off the next Innotribe @ Sibos2010.
I am pleased and excited to complement Kosta’s introduction by sharing with you our high-level program for the Sibos week (25-29 October 2010).
High Level program
A good presentation/show has a fantastic start, and great core, and an exciting grand finale. That’s exactly how our Innotribe @ Sibos2010 program is organized 😉
We have a fantastic start: our “Innovation Opening Keynotes: the big tectonic shifts” on Monday 25th from 9am – 10:30
What a line-up of speakers ! We have now confirmed:
- John Hagel (Author of THE business book of the year “Power of Pull”),
- Peter Hinssen on “The New Normal” (also title of his new book),
- Nova Spivack with a long-term technology forecast,
- Venessa Miemis (28 year old GEN-Y Graduate Student from NYC) who will prepare a talk on the future of money,
- and a still to be announced very senior banker on tectonic shifts in banking.
Both in content, quality of the speakers, and format of this session, this will be THE not-to-be-missed session on Sibos Monday. We are convinced it will set the bar for any session for the upcoming week.
We have a great core: We have 4 Themes. As last year, we have appointed Innotribe Leaders and VC-Coaches to each of these themes:
- Cloud: following last year’s Labs, which were focused on the economics of cloud computing, this year focuses on the practical implementation, user experiences, and why it’s important for the financial industry. There will be a specific focus on hybrid cloud models and API’s.
- Innotribe Leaders:Jacqui Taylor (ex-BACS) and now building Google Apps with FlyingBinary and Sungard
- VC-Coach: Sean Park
- Mobile: the emergence of mobile payments, especially in the worker’s remittances area, and the role of banks.
- Innotribe Leaders: Jonathan Bye (RBS) and Ville Sointu (Tieto)
- VC-Coach: Matthaus Krzykowski (Venture Beat)
- Smart data: how to capitalise on the power of semantic web technologies to enable greater intelligence for financial institutions.
- Innotribe Leaders: Wells Fargo and Nova Spivack
- VC-Coach: Eghosa Omoigui (ex Intel Capital)
- The Long Now: this series of interactive workshops will engage in long term scenario planning for the financial industry.
- Innotribe Leaders: Chris Skinner and Sean Park
The line-up of speakers, face-to-face panel members and moderators is stronger than ever before. This will be the subject of subsequent Innotribe @ Sibos2010 blogs.
We just opened a Web-Storm on Innotribe.com to collect your idea on these 4 themes as we build up towards October. We will feed-back these ideas to the Innotribe Leaders before the actual Labs in Amsterdam. Check out www.innotribe.com
In addition, we will have 2 Masterclasses Innovation, we have invited the 5 leading software vendors for innovation management tools, and we’ll have an update on eMe (winner of last year).
We also teamed-up in a quite significant way with our colleagues from Standards and Technology. You will notice on the Sibos program a number of interactive sessions that have been co-designed with Innotribe.
The exciting grand finale: the best of the Innotribe week comes together on Thursday 28 October 2010.
- We start with “Pitch your Innotribe Lab”, a competition between the best idea teams that were formed during the Labs throughout the week, in front of the buyer’s panel. 5 minutes pitches with Q&A by the SWIFT Buyer’s Panel, with input from our VC-Advisors. They compete for the Sibos2010 Innovation Award. Last year’s winner was eMe. Who will it be this year ?
- Right after, we’ll have the “Open Innovation Best Practices”, with again a staggering line up of Heads of Innovation of Banks, and thought leaders from other industries on Open Innovation
- To pump up your adrenaline levels, we’ll close with a real Start-Up Competition, where we have invited some of the start-ups and great idea teams we met throughout the year. They will pitch in front of a real VC-Panel.
- And who knows: last year’s Innotribe made it to the final plenary closing of Sibos. We know this year’s Innotribe @ Sibos is even better and The Long Now seems to be positioned in pole-position.
Some elements to spice it all up:
- All the Innotribe @ Sibos2010 sessions will be supported and facilitated by a team from The Value Web.
- The Long Now and the Grand Finale will be supported with live streaming and interaction technologies (more news to come in the next weeks)
- We will be at 3 locations:
- The Innovation Opening Keynotes in Conference Room #1 aka “the box-ring”. We’ll make maximum use of the interactive features of this room;
- The Interactive Workspace: a special built space in the middle of the exhibition centre that will host all the other Innotribe sessions; the design of that space is just awesome.
- The special Innotribe corner on the SWIFT Stand that will host the R&D sessions, including the results of some SWIFT proof-of-concepts.
Let’s start the conversation:
Innotribe is organised by SWIFT Innovation with the support of financial institutions, vendors and innovation leaders.
In the true spirit of less push and more pull, we encourage you to engage in a true dialogue with the Innotribe team. We look forward to seeing you in Amsterdam.
The Innotribe team
www.swiftcommunity.net/innotribe
Twitter: http://twitter.com/innotribe
Intelligence Multipliers
Great book Multipliers: How the Best Leaders Make Everyone Smarter.
Summary here.
- Multipliers are Talent Magnets: They look beyond their own capabilities to see the deep capabilities —or genius—of others. And then they utilize people at their highest point of contribution.
- Multipliers are Liberators: They eradicate stress and fear from their organization and instead create an intense environment that requires people’s best thinking and work. They keep the pressure on but make it safe to make mistakes. The result is a climate that is intense without being tense.
- Multipliers are Challengers: Instead of telling people what to do, they show them what they can do. They seed opportunities and let people discover needs for themselves. Then, they lay down challenges that cause people to stretch beyond what they thought was possible.
- Multipliers are Debate Makers: Instead of making isolated decisions that leave others in the dark, they engage people in debating high-stakes decisions up front. This leads to decisions that people understand and can execute efficiently.
- Multipliers are Investors: Instead of getting things done by micromanaging, they give other people the ownership for results and invest in their capability and success.
Management Innovation: Extreme Management Makeover
Stumbled upon this great blog post by Gary Hamel in the WSJ. Extremely relevant if your business is a service business run by first-level employees.
It’s based on the work of Vineet Nayar at HCL Technologies (HCLT).
It’s now all documented in this great book Employees First Customer Second: Turning Conventional Management Upside Down
If you thought I was sometime being a bit extreme in challenging existing ways of doing things, have a look at following recommendations:
- We must destroy the concept of the CEO
- Employees First, Customers second
- Exalt those with hierarchical power rather than those who created customer value
- Turn sober-suited executives into rabid management heretics
- “reverse accountability.” Managers should be accountable to those in the value zone
- Give every employee a detailed set of financial metrics for their own team and other teams across the company
- A non-censored censored “U&I” site, taking also the dirty questions
- Install a web-based “Smart Service Desk” and SLA’s with powerful corporate departments, like HR and finance, who often seem more interested in enforcing blanket policies than in making life easier for employees.
- Rate the performance of any manager whose decisions impact their work lives, and to do so anonymously
- Crowdsourced review of divisional business plans
- Employee First Councils: to help employees connect with team members who shared similar interests and passions
The last two concluding paragraphs are enlightening:
The world has become too complex for the CEO to play the role of “visionary-in-chief.” Instead, the CEO must become a “management architect”—someone who continually asks, “What are the principles and processes that can help us surface the best ideas and unleash the talents of everyone who works here?” Today, as never before, the world needs leaders who refuse to be seduced by the fatal allure of the familiar.
It really is possible to change the management DNA in a large, established company. When you dig into “Employees First” you’ll learn that it’s possible to reinvent management without blowing up the existing management system, without having a detailed master plan at the outset and without taking inordinate risks. If you’re a would-be management renegade—this means you’ve just run out of excuses.
Social Currency: My Personal Identity
Recently came across this great site by Dan Robles.
One of his latest posts Will Social Capitalism Replace Market Capitalism? (Parts 1&2) included great video material on how social currency can change industries.
His forecasting example is the airline industry. And it’s even not so far fetched. What if you could “Time-Share” seats in private jets ?
It’s easy to think how this social currency model would apply to any other business and radically innovate by creative destruction.
It’s a very novel way to show how a number of trends come together:
- The influence of gaming theories and practices in new business models
- The value and tradability of my personal information
- The power shift from Push to Pull that is so well described in John Hagel’s latest book “The Power of Pull” (I repeat it, in my opinion THE business book of 2010)
By the way, we recently had a face to face meeting with John exploring the possibility to have him with us at Innotribe at Sibos in Amsterdam, 25-29 October 2010.
We have asked John to consider a talk in our Innotribe Opening Keynotes, and to be part of our special Innotribe Lab on The long now in Financial Services.
To come back to the subject of the power of identity, I’d like to spend a bit more time on the tradability of my personal information.
The essence of the story is that some parts of my personal data have value and can be traded under the user’s control to get a better service.
It opens questions to:
- How tradable is my personal identity ?
- How tradable is my digital footprint ?
- How tradable are my on and off-line relationships ?
I have been immersed in “personal digital identity” the last couple of weeks. Recently i attended the EEMA’s The European e-Identity Management Conference in London.
The week after i was the “tour guide” for a "Digital Identity Tour” we organized with some colleagues on the West-Coast”. I am preparing a set of blog posts on these conferences and 1-1 conversations with thought leaders in e-Identity space.
In this blog i will just simplify my summary thoughts with the statement that e-identity is much, much more that a certificate on a smart-card, or for sake of the argument any other form factor.
We are witnessing a power-shift:
In stead of the government (or the bank, or any other service offering entity) creating digital identities to give more value to the citizen, we see the emergence of identities created by the user to give greater value to the government (or the bank, or any other service offering entity)
We have to carefully think this through, as identity – and relations between and with persons – is really a complex animal.
Have a look at this fantastic 210+ slides presentation “The Real Life Social Network V2” by a Google analyst @Padday aka Paul Adams, working for the UX team at Google. The essence of his story is that there is nothing such as a generic “Friends”. You have all sorts of friends and different depths in relations. Whether those relations are between people-people or people-companies.
It’s a great story, and all slides are annotated. As a teaser, here are his 3 summarizing slides:
It’s interesting how the words identity, privacy, care, relationships, collaboration, strong/week ties, Klout, etc are now all coming together. As a matter of fact, these are all attributes that make us truly human.
As a sherry on today’s cake, i’d like to link you once more to Venassa Miemis site “Emergent by Design” and the great recent blog post on Guidelines for Group Collaboration and Emergence, that is building on both her previous work on “Strenghts Based Society”, “”Skills for a 21st century connected world”, and her work on the open source collaborative tool “Junto”.
As we are preparing Innotribe at Sibos, i had the pleasure to talk to Venassa during a Skype session. We are discussing her participation at several levels of our Innotribe Program.
It is great to see how these novel ideas become “totally” relevant when you start thinking about their value for a “community” like SWIFT and an innitiative like Innotribe where “Enabling Collaborative Innovation” is our “Leifmotto”.
From the conversation with Venassa, i can tell you she “totally” got it, and she is preparing some material and levels of interactivity for Sibos that you even never dreamed of.
We are now 16 weeks from Sibos. The idea is to begin hosting a junto every week, invite different thinkers to discuss the future of money, record all conversations and develop a presentation based on them, but also make the videos available for the attendees of the conference to be able to watch whenever they want to see what those conversations were like.
If we think about the Long Now, will there still be currency as we know it? Or will social currency become central to our trade? And what impact does that have on banks ? Should be have personal data stores where we deposit our digital footprint and open personal accounts and do payments for services from there?
Feel free to jump in.
Petervan Studios 