MAD Perspectives Blog

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 Mobile at the Intersection!

Peggy Dau - Monday, June 23, 2014


Mobile is changing the face of business as we know it. It sits at the intersection of cloud, social and big data. While much focus in the mobile phone market is about devices and apps for the consumer, I would argue that Microsoft's decision to finally release it's Office suite as apps for both iPhone and IPad is a true barometer reflecting the increasing use of these devices for business purposes. Why is mobile so important? Aside from the flexibility that it provides users, mobile is driving use of cloud based services as the device itself does not function in a typical client/server fashion. These devices are the route to success for social networks as proven by Facebook's continued investment and focus on mobile. They are changing the shape of industries from healthcare to media to financial services. 

How? Healthcare is perhaps at the forefront of the M2M conversation with the ability for devices to share critical patient data with other devices. Or with the ability to simply encourage users to live healthier lives through wearables and apps capturing and tracking cardio activities or comparing healthy food options. Mobile solutions for healthcare also include patient appointment reminders and medication alerts. Doctors can provide virtual consultations and use software based diagnostic tools that incorporate a patient's medical history to make health recommendations. In the background this is all enabled by cloud, big data and social networking concepts.

The financial services sector has adopted mobile for banking, payments and brokerage transactions. Not only can we review account balances, we can deposit checks, transfer funds, research investments and perform transactions. And, the mobile payments industry (which perhaps is as much about e-commerce as it is financial transactions) is still maturing as companies like Square, Dwolla, Google Wallet simplify payments via your mobile device. The amount of data that is now available to financial institutions thanks to mobile banking allows banks to customize their marketing efforts, creating both efficiencies and new business opportunities.

The media and entertainment industry has been turned on its ear by mobile. Everything from cameras to media workflows to ad sales and advertising itself is going mobile. On the operational side, mobile solutions are lowering costs for broadcasters providing coverage of sport events like the FIFA World Cup. Mobile has also forced significant shifts in media workflows as multichannel consumption is now the norm, not an option. This means content producers must consider HOW they will enable content to be distributed and consumed on a wide variety of devices. Mobile allows social sharing of content, opinions. It is the second screen for entertainment. Media is social. It generates consumer data and content data - all of which is beneficial for operational and financial purposes. And, it is all increasingly happening in the cloud.

The industry at the heart of all? The industry without which none of this could happen. No, its not Apple or Google or any of the device or operating system providers. Its the telecommunications industry. they provide the bandwidth, be it 3G, LTE or WiFi, that allows our devices to connect to their networks and access the information, entertainment or people they desire. Not only does mobile "validate" the existence of communication service providers, it offers them new business opportunities. Companies like AT&T and Verizon, offer a variety of services to help businesses, large or small, develop and/or capitalize upon the use of mobile apps. They provide device management solutions to help businesses address the "Bring Your Own Device" desire for many employees. They provide data analytics services to visualize how, when and where users are accessing information.

That brings the final piece of the puzzle to the table. Data. Lots and lots of data. Data about the subscriber, where they are, what they do. Patterns can be illuminated. Browsing habits can reveal new opportunities. Data about devices and networks. How much data is being transported across networks. What type of data is it?  Structured? Unstructured? Is it related to entertainment, social media, sports, financial services, health, e-commerce, travel? It's no wonder that big data analytics vendors are squarely focused on mobility and the ecosystem that exists around it.

Our mobile devices are our most important accessories. How many times do we double check to make sure we have our devices with us when we are laving the house. They are our link to FINDING information -  about products, competitors, customer service, market trends, industry insights and more. They improve our productivity. They save business a lot of money through time saved. They help business invest in new markets and new solutions, through the use of time saved elsewhere. Mobile devices have changed the way we live and the way businesses will evolve.

What's your perspective?