Proposal for the Hybrid Philanthropic-Capitalists, to Save the World

It goes without saying that the current crisis is inflicting its pain and suffering in multiple dimensions – from illness and loss of life, to the suspension of business and disruption of the world as we knew it, with hunger and displacement in between. In order to make it through, and possibly emerge stronger and more sustainably, the situation requires solutions on multiple dimensions.
We are all well aware of the health impacts and loss of life, the risks that medical professionals are taking, and the burdens on our health care system. We see the scrambling to procure PPE and ventilators, produce and distribute diagnostics, and develop antivirals and vaccines.
On the business and financial side, Federal actions have ranged from an early interest rate cut, backstopping and providing liquidity to credit markets, and the rounds thus far of payroll protection and low rate loan plans with potential forgiveness. These efforts help soften the blow and reduce immediate impact on the old normal, though don’t encourage us in necessary new directions.
Yes, it is likely that corporate America will emerge a different animal – it already is a different one. Years’ worth of change toward remote work was compressed to a month’s time, and it is likely that a significant portion of that will remain so. This has implications on commercial office space needs, commuting demands, and the geography of the services economy around them — that will no doubt persist to some extent. It is also likely to impact consumption patterns at the individual level, which changes how retail America will operate – with greater online demand and more drive-thru accommodation in our retail.
Still, without any sense as to how long our social distancing will be necessary to turn the corner on at least this wave of the crisis itself, it remains to be seen how many small businesses will have to fold rather than re-open, or re-open only to find they cannot survive what the new normal turns out to be.
What additional measures can be taken to prolong their viability, if not enable them to survive? What longer term shifts will we see as a result of this situation? And what can be re-thought/re-engineered in our re-booting of the world, in order to best capitalize on the pause we are experiencing?
At the large corporate and infrastructure end, we should valorize re-imagining/re-engineering for the re-start, those processes that are known to be impactful to the planet – from their sourcing to their byproducts and pollutants. Quick and noticeable rebounds in air and water quality, and re-emergence of wildlife, bring to the forefront the impacts we’ve had, and underscore the need to embrace changes through our recovery to retain the benefits and make further progress. And at the small company end, we should find efficiencies to provide for a more stable supply chain for tail risk. Perhaps loan forgiveness (in whole or partial) should be dependent upon shifting to use of resources that are deemed less impactful/more sustainable.
Large and well capitalized companies that are nimble enough can ramp up and down segments in which they operate, in order to manage through some of this and best capitalize on appropriate opportunities. Small companies, however, are more limited in the scope and scale of their ability to pivot and/or balance accordingly – not to mention, keeping the lights on and making payroll.
As a result, as Howard Schulz, Starbucks’ emeritus CEO discussed on April 23, 2020, millions of small businesses will have to make the decision soon as to whether they shutter their doors permanently, or can hang on. Yes, it is the American way that some things will fail, and other things will come along to replace them; and arguments will be made for letting market forces be. But these are not normal times, and in the interim, the economy, and more importantly all its lives, lie in the balance. To the extent the magnitude and amplitude of the extending waves of impact can be dampened by anything beyond our federal support, the fewer lives will be shattered, and the shorter this suffering needs to be. The cascade runs from job losses, to the elimination of goods-throughput from what would have been if they remained in operation; the real estate vacancies that will result from their shuttering; the reduction in property owner demand for related services; the commerce and tax revenue from everything along the waterfall of everyone involved, including the subsequent shuttering of downstream business.
Let this be a call to action for Bill Gates, Michael Bloomberg, Tom Steyer, Warren Buffett, Larry Page and Sergey Brin, and Steve Ballmer. Some names are deliberately excluded, for reasons you’ll understand shortly, but it is certainly not limited to these. Collectively, they’re worth half a trillion dollars. Together, they could rapidly collectivize thousands and thousands of these businesses in a massive incubation strategy. This isn’t expected to be done out of altruism, but in keeping with the principles of capitalism, while also saving the world. Great efficiencies could be achieved through information sharing, sourcing and cross-industry resource management, and strides can be made toward robustness and transparency into supply chain provenance, optimization and sustainability.
This could involve any range of company types, from gyms, restaurants, auto garages, office supply stores, tech startups… Backstopped by deep pockets, to operate with an agenda of not just making it through, but getting onto a back-end that streamlines and integrates everything from accounting, ordering, inventory management, transportation, fulfillment, even HR resources… The possible optimization and capabilities from the integration and knowledge roll-up could propel efficiencies and development.
With initial support of the collective, companies could take one of several paths in the ensuing few years: extract themselves from the collective as they wish or are able; remain members in the network of resources and benefits; or allow themselves to be fully consolidated into the collective. There are some among the wealthiest Americans who likely could not participate, since the effort might be construed as competitive to their own companies. But the result, considering those who remain members and those being consolidated, might be something that competes with vertically integrated Walmart, Amazon, Costco and Target. They are not the enemy – in fact, thank goodness for them and their abilities during this trying time.
Minds like these could re-think on a broad scale, the information integration across every one of the businesses involved, and massively increase efficiency, keep people employed, keep resources flowing. Yes, this would create issues of competition and privacy, and reshape society as we know it. But it could avert ripples of destruction we otherwise likely see.

 

Traversing the Knowledge Graph

 

google search results (Photo credit: Sean MacEntee)

You say “Semoogle”, I say “Goomantics”. Two made up words; one meaning. Map the terms to one another, and associations to one can be related to the other.  Do that within the house that Google built, and you can really traverse the knowledge graph (that was MetaWeb’s Freebase).

Keyword matching is just part of what happens inside the Google machine – and more and more, sense is discerned from context – in aligning content (search results or ads) with the searcher’s intent (their meaning, in terms of identifiable entities and relationships).

Read more, from a Mashable interview with Google’s Amit Singhal [1]

[1] http://mashable.com/2012/02/13/google-knowledge-graph-change-search/

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Bitter about Del.icio.us, Boohoo!

Image via Wikipedia

It is a sad day, but it seems Yahoo! is shutting down delicious (see also).

Del.icio.us has been a reliable web-based bookmarking resource that has not only enabled bookmarking in the cloud, so bookmarks could be accessed from any computer you happen to be using, and sharing them with others.  It facilitated multi-tag classification of them, so that you could zero in on what you’re after by triangulating with related words in your own naming convention, and breaking free of traditional, hierarchical folder storage structure.

It has been a great resource for researching the language that others use to describe the topics and pages you are interested in, and has allowed, if not encouraged, the development of worldviews and, though some scoff at the word, folksonomies.

While this news is a shame, the truth is that the resource has not been leveraged, and some say it has been neglected, since it was acquired in 2005, which happens to be when I began making use, about 5,000 bookmarks ago.  I recently signed up for Pinboard (which has a one time cost of about $7 right now, and offers an auto logging archive for an annual subscription).  The thought of paying for something you’ve done for free might bother some, but Barry Graubart makes an interesting point in his post on this subject when he says “remember that the lack of a business model is what required Delicious to sell to Yahoo, who neglected it.”

I’ve long been compiling material for my (in progress) book entitled “Long Term Short Sightedness”.  I’ll have to be sure to save some room to write about this decision by Yahoo!

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Change in Semantic Web Stack – SemTech Bought By WebMediaBrands

Image via CrunchBase

Today, WebMediaBrands announced that it acquired the Semantic Technology Conference (SemTech) and Semantic Universe.  SemTech has been the main non-academic annual gathering for the Semantic Technology space for six years thus far.  In the past few years, WebMediaBrands has also been active in the space, with its SemanticWeb and MediaBistro arms, and its organizing of related events including the Web3.0 Conference and before that, LinkedData Planet.

Image via Flickr

Image via Wikipedia

  The combination of WebMediaBrands’ year-round focus on the space (through regional and sub-sector targeted events), with the annual convention that SemTech has been, should result in driving the space forward.  Together, their now complementary efforts should facilitate momentum on the commercial side of the space.  Perhaps we’ll also see the development of some useful industry-wide resources, as a result.

Update: Press release from Semantic Universe

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