Dear Readers,
New entrants in specific technology segments are shaking up various product and service markets, prompting technology firms to step up their R&D efforts and to involve entities outside their companies in the R&D process.
Economist intelligence unit says that over the past five years, 64% of telecom and technology companies have had a new rival enter their market with innovative products and services. A case in point is Apple’s entry into the handset sector via the iPhone.
According to data, these disruptive innovators will prompt shorter product lifecycles, with technology firms now planning to churn out more products but tiwh shorter life spans. Half of the technology firms surveyed say product lifecycles will continue to shortened, with 20 % saying product life will go down by at least 30 % .
Technology companies, in their quest for more new ideas, are now increasingly adopting the principles of “Open Innovation”, which seeks to involve suppliers, corporate partners, the academe and customers in the R&D Process.
Customers , in particular, will increasingly play a key role in R&D, with 78% of those polled agreeing that their customers have a much greater impact on their innovation process now than in the past.
But this “open innovation" approach will not be that easy for companies to adopt, as embracing a more open approach brings major organizational challenges.
Bottom line is, this means good for the consumer.
Thank you, Readers
JS
source for statistics:www.telcomasia.net
Tuesday, September 30, 2008
Friday, September 26, 2008
My 100th Blog..
Dear Readers,
This is my 100th blog. I would like to sincerly thank you all my readers, those who left comments, those who share their article to publish on this blog.
well, this is milestone for me. When i started i did not think that i can hold up for 2 months, but it has been since July 2008 and almost 3 month is over and i writing my 100th blog today on 26th Sep 2008.
Initially, i started with no where to go, just wrote articles from various friends and few of them from emails. Ofcourse, all the articles are liked by me and enjoy sharing it with others.
I wrote lot of blogs on Hindu-ism (since it is my religion) and lot on the technology (since it is my profession).
Some are good and some are bad (to be honest). But i am determined to write as many i can and i think there are people out there get some benefits from this.
While writing blog i learned about a lot and got some networks too.
Once again, Thank you readers.
- JS
This is my 100th blog. I would like to sincerly thank you all my readers, those who left comments, those who share their article to publish on this blog.
well, this is milestone for me. When i started i did not think that i can hold up for 2 months, but it has been since July 2008 and almost 3 month is over and i writing my 100th blog today on 26th Sep 2008.
Initially, i started with no where to go, just wrote articles from various friends and few of them from emails. Ofcourse, all the articles are liked by me and enjoy sharing it with others.
I wrote lot of blogs on Hindu-ism (since it is my religion) and lot on the technology (since it is my profession).
Some are good and some are bad (to be honest). But i am determined to write as many i can and i think there are people out there get some benefits from this.
While writing blog i learned about a lot and got some networks too.
Once again, Thank you readers.
- JS
Payment Gateway applications for Google, Nokia phones
Visa Inc plans to offer services to phones powered by Google Inc's Android including alerts when your credit card has been used.
The credit card network also said in October, No. 1 mobile phone maker Nokia would start selling the 6212 phone, which users could wave at an electronic reader to make payments and use for remote payments and money transfers.
Visa said it was still developing its application to allow in-store "contactless" payments by cell phone for Android. But it said these services --- already common in countries such as Japan -- may not take off for years here as U.S. stores would need to install new card readers and cell phones with the corresponding technology would need to be in wider use.
In the meantime, Visa said on Thursday that it would offer transaction alerts and discount offers from merchants to Android users. The application will also work with Google maps and location technology to help users find nearby cash machines and stores where special offers are available.
Visa said that for the first few months, the application will be available just to Android phone users who also have Visa cards issued by JPMorgan Chase banks. It plans to open the application to other banks in 2009
Earlier this week, Google unveiled the first Android-powered phone, which HTC Corp is making and Deutsche Telekom's T-Mobile unit is selling. But the initial Android device does not include hardware to support contactless credit card payments.
Tim Attinger, Visa's global head of product development, said that while mobile payment services have been slow to take off, the company sees mobile phones as key to adding new customers. Only 1.6 billion Visa cards are in use today, compared with more than 3 billion people with cell phones.
source : Yahoo News
Thanks
JS
The credit card network also said in October, No. 1 mobile phone maker Nokia would start selling the 6212 phone, which users could wave at an electronic reader to make payments and use for remote payments and money transfers.
Visa said it was still developing its application to allow in-store "contactless" payments by cell phone for Android. But it said these services --- already common in countries such as Japan -- may not take off for years here as U.S. stores would need to install new card readers and cell phones with the corresponding technology would need to be in wider use.
In the meantime, Visa said on Thursday that it would offer transaction alerts and discount offers from merchants to Android users. The application will also work with Google maps and location technology to help users find nearby cash machines and stores where special offers are available.
Visa said that for the first few months, the application will be available just to Android phone users who also have Visa cards issued by JPMorgan Chase banks. It plans to open the application to other banks in 2009
Earlier this week, Google unveiled the first Android-powered phone, which HTC Corp is making and Deutsche Telekom's T-Mobile unit is selling. But the initial Android device does not include hardware to support contactless credit card payments.
Tim Attinger, Visa's global head of product development, said that while mobile payment services have been slow to take off, the company sees mobile phones as key to adding new customers. Only 1.6 billion Visa cards are in use today, compared with more than 3 billion people with cell phones.
source : Yahoo News
Thanks
JS
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