Frank Sheppard: The other part of it is the reorganization of pharmacies. Traditionally, pharmacies are focused on filling prescriptions and are very reactive to patients coming in for that purpose. We’re doing things to make a lot of pharmacies more proactive, so instead of waiting for patients to engage them, we’re trying to find ways to enable them to proactively manage their workload. That’s one of the things that pharmacists, in particular, are always excited about. They can control what’s happening in their pharmacy. It, ultimately, opens up enough time for them to be very active to their patients. We’ve turned the model upside down. >>>
Sramana Mitra: Let’s take those uses cases in automobile and transportation. Can you give us your perspective of what you’re observing in those industries when it comes to IoT adoption? What is happening in IoT adoption in the automobile industry? What is happening in the IoT adoption in the container business?
Daniel Raskin: There are two things that are happening. There’s a great article by Michael Porter in Harvard Business Review that talks about connected things. He does a really great job of talking about where we’re at. Where I see we’re at is the whole concept of creating the next generation software platform. We’re spending a lot of time with vendors like Intel that are trying to figure out how to construct the next generation stack for those enterprises to consume and implement. With the Toyotas of the world, what we’re seeing is they’re focused today on implementing basic IoT use cases. >>>
Sramana Mitra: At the core, your innovation and what you’re doing with your company is around how the human brain learns. It’s not about mobile. It’s not about social. It’s not about sales. It’s really an innovation on how the human brain works. You’re applying it using mobile and social user interfaces on a specific business problem which is sales training and on-boarding.
Duncan Lennox: That’s absolutely correct. We talk about what we do as science-based and data-driven. That’s fundamentally our approach. It’s quite different from the classic approach to learning or education. You’re right that our technology and our methodology could be applied to anything. We’ve chosen to apply it in the area of sales but I think an important point is it’s true we don’t need mobile to do what we do. It’s also true that mobile turns out to be the perfect form factor to deliver our methodology. >>>
Recent market reports on the open source software market estimate that there was a 140% growth in the interest in purchasing open source software over the last four years. Overall the market saw $2 billion in open source software sales back in 2013. As interest in open source tools increases, companies like Kaltura are seeing tremendous growth making them strong contenders of the Billion Dollar Unicorn club.
Entrepreneurs are invited to the 266th FREE online 1M/1M roundtable mentoring session on Thursday, July 2, 2015, at 8 a.m. PDT/11 a.m. EDT/8:30 p.m. India IST.
If you are a serious entrepreneur, register to “pitch” and sell your business idea to Sramana Mitra. You’ll gain straightforward feedback, advice on next steps, and she’ll answer any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.
Sramana Mitra: I want to probe that a bit before we go beyond 2010 to the new mode. Let me just get the benchmarks on the 2005 to 2010 when you started focusing on patient reminders. What did that do to your business in terms of growth? Where were you in 2010 for instance?
Frank Sheppard: We continued to grow. After 2005, we climbed to being in the $11 million to $13 million range.
Sramana Mitra: So in 2010, we’re talking about a $12 million dollar company. What was the product strategy? When you were talking about trying to change patient behavior, what drives change in patient behavior? What have you learned about the market? >>>
During today’s roundtable, we had Alexander Zacke, founder and CEO of Auctionata, as our guest. The discussion was around Alexander’s online auction house business and how he has built a quintessential Web 3.0 business taking advantage of the web’s building blocks: commerce, community and content in the context of online auctions.
As for the pitches, first up, Payal Lal from Singapore pitched Smoocer, a social MOOC app. My feedback was to focus on enabling local study groups with an immersive experience, as opposed to catering to a broader, less serious audience. I like the concept.
In my recent trend piece, From Second Silicon Valley Gold Rush to Angel Investment Bubble, These Are the Tech Trends to Watch, I concluded with the following thought:
The Dehumanization of Society: Technology has created tremendous opportunities for the world to shrink through communication, collaboration, and cloud-based productivity tools. But it has created immense opportunities for wasting time. On Facebook. On Twitter. On stupid games. Human beings are losing their ability to communicate in person. To smile at each other. To converse. To enjoy a meal together without looking at their smartphones. To look into each other’s eyes. To touch. To honor food that someone else has cooked with love and care. To be present in the moment without interruption. This is a tremendous loss that cannot be quantified.