Is Innovation just Destruction in disguise?

Innovation – really?

Are you sure you are really creating innovation?

Are you not just re-inventing what has been done before? Just in a faster more efficient way?

With most things that we or others do, technology seems to be the answer but is it really the answer?

We are now seeing today the shift in marketing coming back around again to the old format of “word of mouth” or “referral” but in today’s world of technology and marketing speak – it’s now redefined as being labelled “relationship marketing” or “social selling”!!

Same method just a different hat/clothes….but whilst marketing may be coming full circle, it doesn’t mean that innovation is delivering what we really want!

Is it just really destruction in disguise?

Are we innovating just for the sake of it and wanting to make a name for ourselves or make lots of money out of it?

Take the world of banking for example….

In the past of pre 1960’s, all decisions were done at your branch and the bank manager knew you and your family. So, any lending etc was all based on you and your ability at his/her discretion – all down to the relationship that was there within the community based on you, your family and the company that you worked for.

Since technology (in it’s earliest formats) arrived in the 1960’s, automation has taken over more and more to make systems more efficient and streamlined but has this really worked?

In some aspects yes you could say it has but in others, the real answer is no as local knowledge and decision-making was removed, thus meaning as people were rejected for funding, the rise in third-party lending increased.

The rise of third-party lending meant people were forced in to higher debt as these lenders would charge more than a normal bank at huge levels meaning it could take a year or longer just to pay off an amount that if a High Street Bank had lent them the money, they would have only taking weeks or a few months to pay this back!

Then as technology developed and arrived more and more in to the banking and finance eco-system, since 2010 we have seen a boom in telephone and on-line lending. This means, the speeding up of the process of lending, by getting a decision within minutes and then the payment into your bank account within anywhere from a few minutes to a couple of hours!

So yes taking banking, technology can improve and make services more streamlined and efficient but at what cost?

With this technical revolution that the banks and third-party lenders are rolling out, another new wave is appearing with launch of Challenger Banks but this is not better…..far from it……

Yes, the speed of delivery, the time for results/approvals being delivered and transactions speeds improving, are all benefiting us in so many ways.

By streaming processing and implementing the technology, once the investment/delivery costs have been covered, the cost base is much lower meaning shareholders/investors are being rewarded with huge improved profits.

All well and good you may say but is this short-term win worth the long-term pain?

The Challenger Banks are operating from one or two locations where they have offices for the staff to operate from as well as looking after/developing their own technology – no physical branches or local staff for you to deal with.

Thus meaning, the overheads are so much lower due to a much lower operating base, and when added to offering virtually the same services, revenue stays around the same but when combined with lower overheads – the profits will be much higher!

So as traditional banks have to match and compete with the online/telephone companies and Challenger Banks, branches shut and staff numbers are reduced – creating the casualties of technology!

And this is where innovation becomes destruction over moving forward…..

Empty buildings that the banks vacate become empty for long periods of time and make the streets look empty/lonely places to be – creating a Ghost Town environment?

Before you say that new local businesses can take them over and move in, the issue is that the Pension Funds that own them and add to this, the costs of the Estate agents that manage them – the rents become too high for small local businesses to occupy them!!

And in turn meaning these remain empty……….

Add to this, the staff that are laid off, the number of people being unemployed will rise and rise, leading to more destruction of our society as how will they afford to live?

With Pension Funds not making the money to cover the pensions they have to pay out; and added to the fact that more people will be seeking benefits to replace the incomes they had before due to not being able to find a replacement job – this all leads to the destruction that our society will see as technology takes over more and more…….

The question is, are you prepared for this destruction that innovation is now creating…….

 

If you are wanting to understand more about FinTech, Social Relationships and how it all combines with what The Social Family offers, then feel free to contact myself via the form below:-

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Are you really moving forward?

We all seem to be going about doing our daily routine but aren’t all jobs the same when you drill them down?

Some may say that their job is different everyday but if you look behind the scenes, it is still the same each day with the same processes and reasons for working being the same.

Yet we are constantly hearing on the news of all this new technology and how the internet is going to make our lives better, but is it?

Are you seeing it?

Are you experiencing it?

Whilst it is not there for you to reach out and grab, it is surrounding you each and everyday thus playing an active part in your everyday life.

Whether you traveling in your car,  on the bus or the train, data is being collected and used by their on-board computers as to how the engine is performing and if maintenance is required. Whilst you walk down the street, through a shopping centre or crossing the road, sensors are detecting you and your surroundings to measure the air, environment, traffic and pedestrian movement – the list goes on – feeding all this data back to make our lives better.

So, don’t dismiss all this technology out of hand and say it isn’t affecting you because it is and there is so much more to come. Whether you like it or not, Wearable Technology such as bands or watches are just – as an example – a more usable mobile device of when you are in hospital and attached to a monitor and it measuring your heart or blood pressure. So if you can have devices like this, that still allow you to continue your every day life but is able to send all this information back to your Doctor, isn’t this a way to improve your life?

Taking technology to a further extreme – yet some would say this is brilliant, if you are passing your local Tesco, Sainsbury’s or Waitrose and your Smartphone or Band alerted you that you are low on milk and you needed to buy some – would this appeal?

Or is that just plain creepy….

We will never find everyone in society liking the way technology is entering or changing our lives, but it is mostly done to improve how we live, operate and behave…..

you just have to decide whether to accept it or not……..

Change is coming but are you ready?

Over the last 6 months, we have seen a huge change within the technology industry and these pieces will start coming together during 2015 and leading into 2016 but are adding yourself to these individual pieces before they become one?

Change 2015 02 05With Technology moving from SEO through to Content Marketing and now Social Selling, many companies have played at the release of technology to enable technology advancing into our lives only to fail…..

We only have to look at Microsoft with their Smartwatch which was announced at CES03 where Bill Gates announced they were developing the SPOT (Smart Personal Objects Technology).

This was too ahead of it’s time and development stopped in 2006 before the the project was officially closed down in 2008.

So what you need to really understand is that your dreams (and many will dismiss you as a fantasist or crazy with with mad ideas) can and will be part of your business. May not be this year but most of them will happen over the next 10 years, so you really need to think about if these ideas come true, is your business prepared or ready to embrace these concepts?

Bridget Carey giving an insight to how Apple are using iBeacons within their stores - 6th December 2013

Bridget Carey giving an insight to how Apple are using iBeacons within their stores – 6th December 2013

Bridget Carey is explaining here, who would have thought that when you walk into a shop, the outlet can identify you and be able to greet you. If was a coffee shop for example, there could say something to me like

“Hi Ian – large Americano as usual? Sit down and we will bring it over to you”

Then as I sit down, the Coffee shop then makes my drink and charges it to their App’s on my phone which I have pre-loaded with funds already. Now whilst we are not completely there yet, we are very close with what Starbucks can offer with their card and App – are you using  their mobile App?

All this can is possible and has been possible for years – and yes before people say Google/Android have been doing this for years –  it has never taken off properly because there hasn’t been a full common driving force behind it.

Now with Apple launching Pay – 9th September 2014 – in the US with continued roll out Worldwide during 2015, Apple will be driving this forward by utilising NFC in-conjunction with their iBeacons. Rite-Aid and CVS virtually immediately turned off NFC in their stores and then Wal-Mart followed deciding to go with other options which may not be available until Q3/Q4 2015 or 2016. Why is this big – one simple reason, they are scared that Apple will have access to their customer data or alternatively, other retailers may be possibly to see what these people have have been buying and target them with special offers.

The interesting factor is that Google are now re-launching and about to start a big drive on Google Wallet – too much too late?

Recently, we have had a raft of announcements including:-

  • Back on the 21st of January 2015 – Microsoft demonstrated what they are rolling out with Windows10 and Project Spartan together Hololens and Holostudio – taking Windows to the next level. All this, is bringing the technology that has been around for years to the forefront of peoples’ thinking
  • BMW were telling people at DLD15 – 20th to 23rd of January in Germany – how emails and texts can come into your phone in the car as you are driving and then it it will be read out to you plus giving you the ability to talk back to give a reply to send in response
  • Cortana is ready to have a huge impact on this arena too – just like Siri – but going further when Windows10 launches by having direct voice interaction into your photos, App’s and Office App’s too. This, if you continue the thinking of what Cortana will be able to offer, you will be able to have your own Virtual Assistant who could take personal messages, advise you what appointments you have and be able to dictate and send emails, messages etc for you.

So by looking at these links below and above, you need to start really thinking about technology is evolving and how you need to prefer your business now for this. And before you say that this is a long time off, no it isn’t as various companies through Wearable Technology is already offering many of these services plus with Watch launching around 17th of March 2015 together with Pay rumoured to be launching on the same date in and around the UK and Europe, all this technology is going to have a major change to your business but are you ready?

McDonald’s and Starbucks have already kicked off 2015 by recognising that their customers are using their phones more and more so they need to make sure they can continue using them. Thus, to help them, they have installed wireless charging points in their stores around London and will extend this roll out across the UK during 2015.

So……

the question is….

CHANGE IS COMING

but…….

ARE YOU READY FOR IT?

To learn more about bringing the future into your business today and setting you on the correct path for your future, as well as understanding the forward thinking and the views & opinions of Ian Calvert, the research for other companies that he is looking into and undertaking for companies or just to learn more about Ian Calvert and how he can help you further, you can visit his website here

Or just fill in the form below to discuss this article more……

Avoiding tax and creating Rip Off Britain?

#RipOffBritain #IanCalvert #SA #ServiceAddress

The amazing thing that is called bureaucracy seems to grow from day-to-day, yet is this good or bad – a help or a hindrance?

Whilst it can be a good to help define and control things, it can also be a factor in holding back progress and growth too…..

With today (Wednesday 19th March 2014) being Budget Day here in the UK, another day where we will have:-

  • the Government shouting from the roof tops about how well their Fiscal measures are doing
  • the Opposition shouting how they would do things better
  • Advisory/Accounting companies proving how valuable they are by coming out with data that does really mean anything for the ordinary person in the street – justifying their own existence and important
  • Financial experts giving their opinions as to how this will impact, what they should have done and how they would have done things
  • oh and then the Press trying to put their spin on things based on a) their Political objective and b) justifying how great they are and why you should listen, watch or read them….

We will have promises of these savings – few of which will impact us straight away – and investment; all have which will put more money in our pocket or help us to feel better by the thought of possibly buying our own house or how company improving by been able to do more by investing and extra sales generation.

But does this matter?

Back to the old “yes” and “no” question….

Yes – because we want a job, more security over employment and better wages. The ability to save not just for now about our future with our pensions. Opportunities to allow us by saving to hopefully buy our own house and start securing our future….

No – well this is the real big one…

Whether the Budget is good or bad, the only people who actually do well out of any Budget is the advisors, experts and Accountancy companies/firms who are advisory companies and individuals on telling the Government, companies and individuals; what to do with regards to reducing liabilities – or as many consider to be called Tax Avoidance or Tax Evasion.

Looking at information taken from The Inland Revenue site showing Income Tax rates and Allowances it could be said that based on the figures for 2013-2014, the tax is:-

– less that £32,010, you will pay 20% tax on everything you earn

– earn over £32,010 then you pay 40% on everything you earn over £32,011

Confused? You should be as where is the 10 pence tax band they keep talking about in the medium that is called an informative Press? Some say that it is in place and others say it isn’t and others say:-

– earn over £32,010 then you pay, 10% to £2,790, 20% on £2,791 to £32,010 and then 40% on everything over £32,011

How can the ordinary person in the street, wanting to earn a fair wage and pay fair taxes. But the one thing that is totally in common, speak anyone for advice or information, they just say, speak to a bookkeeper, accountant or an accountancy company/firm and they will be able to help. Are these the same people who said this when George Osborne asked for help in reducing the complicated structure of tax – yes! Guess what, effectively, they said they couldn’t simplify it!

#GeorgeOsborne #Telegraph #SA #ServiceAddress #Budget #TaxMP’s shed doubt on George Osborne’s tax-avoidance blitz

TREASURY SELECT COMMITTEE SAYS TREASURY CALCULATIONS OF POTENTIAL INCOME ARE “INHERENTLY EXTREMELY UNCERTAIN”

 

So surely, does The Chancellor of the Exchequer have the BALLS (excuse the pun Ed Balls) to stand up to these mandarins in the Treasury, HMRC and especially the big accountancy firms and say, right, all allowances are now axed and we are going to have a simple taxation system that applies to everyone, whether they earn £5,ooo, £50,000 or £500,000 – it is a complete level playing field!!

Why should high-earners be allowed to offset things to reduce their tax, set up companies and be paid by them at a lower rate or pay into schemes that allow more off-setting against tax payments? Can it be right that they high-earners pay less as a percentage pence in the pound as a lower earner?

Would a simpler answer be to say do something like this:-

  • £0,000 to £5,000 = 0% Tax
  • £5,001 to £10,000 = 5% Tax
  • £10,001 to £20,000 = 10% Tax
  • £20,001 to £30,000 = 15% Tax
  • £30,001 to £40,000 = 20% Tax
  • £40,001 to £60,000 = 30% Tax
  • £60,001 to £80,000 = 35% Tax
  • £80,001 to £100,000 = 40% Tax
  • £100,001 to £125,000 = 45% Tax
  • £125,001 to £175,000 = 50% Tax
  • £175,001 to £250,000 = 60% Tax
  • £2500,001 to £500,000 = 70% Tax
  • £500,000 plus = 80% Tax

Wow – what a shocker – people would all be in the same position of:-

  • Not just having to pay tax but no way avoiding it
  • Living with in your means, so you have to be like every person
  • Create a situation where when you want a mortgage, then everyone has a mortgage based a simple philosophy of say, every one can have a mortgage but it is based on no more than say 5 or 7 times your gross salary and this can’t be fixed or falsified
  • No methods of off setting items to reduce your tax
  • No methods of setting yourself up as a company to pay yourself in share dividends to avoid tax

But wait, the shock horror, two major issues will stand out….

Issue One….Estate agents….

This industry will go mad as they will actually see house prices been priced correctly and not driven up by false demand!

Housebuyers gazumped in deals with NO rival bidders: Unscrupulous estate agents are persuading sellers to raise prices days before exchange of contracts

  • ‘Ghost gazumping’ sees sellers increase house price days before exchange
  • Some paying additional six-figure sums to avoid finding another property
  • Comes amid fears of a property bubble – which some say was fuelled by Government’s Help to Buy scheme

Read more: http://www.dailymail.co.uk/news/article-2582323/Housebuyers-gazumped-deals-NO-rival-bidders-Unscrupulous-estate-agents-persuading-sellers-raise-prices-days-exchange-contracts.html#ixzz2wPKmU0rm

No wonder people are finding it hard to buy houses if this is happening! Also, with many people leaving Estate Agents and setting up on their own, these people will want to make a living, so they all will be promising Sellers and Landlords better returns so this will keep driving up prices and rents…

Issue Two….Bookkeepers, Accountants, Accountancy Companies & Firms….

Why are they needed? Do we need so many and charging so much? If someone wants to start a business and be a Limited Company, straight away, this could add £1,000, £2,000 or more to their operating costs just to do end of year returns depending on their size! And that is without monthly accounts, payroll etc…

The whole concept of introducing ways to off set items against your tax has so spiraled out control, that like the article mentioned above, even this industry can’t work out a way to simplify it! So, by removing all these off sets and allowances, it will make everything so much easier for everyone to be on the same level playing field!

Just think how much more tax would be generated and thus paid into the economy thus making things so much better for everyone…

So, Mr. Osborne and fellow Politicians, isn’t time you actually stood up and start listening to the country and actually create a level playing field that will help so many to raise up and be able to say we aren’t being ripped off by companies, goods and services are at a fair price and hopefully we could lose the tagline of “Rip Off Britain” ?

These are just a few thoughts for you and you most likely will have a view even for or against and if you feel you need to comment or voice an opinion, either contact myself here or complete the form below:-

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