Suresh Dinakaran is Chief Storyteller at ISD Global, Dubai and Managing Editor, BrandKnew.
Suresh Dinakaran is Chief Storyteller at ISD Global, Dubai and Managing Editor, BrandKnew.
The Golden Cage? Probably yes.
Intrusion capitalism paves the way for what has been called the ‘ convenience economy ‘. And like billions around the world, we are almost comatosed into not only acceptance but to dig deep and stay there. The numbness of convenience, shall we say? And apart from the occasional murmur or a sporadic protest, life goes on.
We don’t have to go very far but look at a few examples. Let’s begin with one of the usual suspects-brands like Amazon, Amazon Prime and their accompanying eco system that touches the lives of millions of customers around the world every day. For about US$ 10 a month( if you are in the US), you get a vast pool of content, priority door step delivery at the most economical value for zillions of products. And with Alexa(another Amazon wonder) taking root as a serious tool for search and e commerce, the cesspool of dependence has only gone deeper and broader. Since there is no better reason( or a better alternative by far), we as customers are happy to be remain comfortably domiciled.
With 2.2 billion users every day around the world, Facebook is a monster drug(combining its repertoire of Whats App, Instagram users) and there is no saturation in sight as the time spent on these platforms seem to be only increasing. Data theft, brand safety, privacy intrusions etc have not stopped the eccentric growth of this juggernaut. Sometime back, the powers that be at Facebook actually mentioned that they are addressing the privacy and data theft concerns and they are prepared for a 95% success. Very recently, under pressure from several quarters, the commitment went up to 99%!!! It’s akin to an airline saying that we are 99% sure of our landings. 1% can be seriously debilitating and you don’t have to look further than the New Zealand shooting which went live to understand what I am trying to say. But, just like the case of Amazon, there is no mass exodus. On the contrary, the clamour to get in is only increasing. The absence of a viable, palatable alternative definitely helps the cause. People are staying put!
As Steven Van Belleghem espouses in his book Automation, AI and the Customer Experience , just as there is a mandatory audit of all corporations’ financial statements both internally & externally, there has to be a regulation in place calling for ‘ algorithm transparency ‘. Because, presently only the outcomes are understandable while there is no clarity on the inputs- especially the bias and the prejudice that gets fed into the codes to manipulate outcomes. I think this is a clarion call for a basic ‘ code of conduct ‘ and the earlier it gets put into place, surveillance capitalism will have some guard rails.
Till then, the (algo)rithm is going to get you! And it’s quite possible that you go blue in the Face(book).
The 19th century French physiologist Claude Bernard said that “It is what we think we know already that often prevents us from learning” . So true, isn’t it. Being comfortable in our existing biases and prejudices.
It’s the swanky decked to the hilt conference room of a major healthcare brand. Huddled are some really bright minds including the hospital CEO, medical experts, Architects, Project Consultants etc. The matter on the table is the design of the ICCU(Intensive Cardiac Care Unit) at their upcoming new hospital. Inevitably, the design blueprint presented did not depart too much from what has already been executed in multiple ICCUs across thousands of hospitals worldwide. Been there, done that. Enter the intrepid Customer Experience Manager, newly appointed at the hospital and what she suggested immediately managed to raise many eyebrows. ” How about borrowing some design thinking from the Formula 1 Pit stop ‘ as we look at building the new ICCU ? she suggested. One could hear a pin drop. In that room, was more than 200 years of insights and experience and all that was being the cold shoulder. The young lady went onto elaborate what her thoughts were. The Formula 1 Pit Stop is where critical decisions involving millions are taken in micro milli seconds that will affect many stakeholders, almost a life and death scenario. All she was suggesting was to borrow thinking from a completely heterogeneous industry that had nothing to do with healthcare. And to her credit, she won the day. The legacy thinking was punctured to arrive at a smarter solution that was equally if not more relevant to the cause at hand.
Similarly an airline check in counter can actually gain inspiration from observing a hotel front desk check in process. Or a bike supplies store seeking inspiration from beauty retail brand like Sephora to get more customers comfortable with buying and using bikes.
We define such thinking as ‘ analogous inspiration ‘ wherein you remain and in fact seek thinking and ideas from an industry completely unrelated to your own. Only to realise the unlocked value hidden therein.
Till about some years back, we connected ‘ subscriptions ‘ as something that the media industry especially newspapers and magazines used to ensure they have a loyal customer base. In the current context, we have vast tranche of products and services including cars(yes Volvo already implemented it in Sweden), Fashion, Airline tickets, OTT(Netflix, HBO, Amazon), Fintech, Furniture etc using that route to grow and more importantly retain customers.
It’s not that such ‘ break the mold ‘ thinking be restricted to organisations and brands alone. Shalane Flanagan is an American long-distance runner. She holds the American record times in the 3000 meters (indoor), 5000 m (indoor) and 15K road race. She won the bronze medal at the 2008 Olympics in the 10,000 m (since upgraded to silver). She also won the 2017 New York City Marathon. What is interesting to understand in her case is that by design she would train with her rivals– yes you read it right- her rivals. To her it was an opportunity to go beyond her own arc of biases and understanding and soaking in new approaches that otherwise she would not have been privy to.
The whole thought is to replace the context you are in and seek newer, untapped contexts as sources of inspiration. This is something that we try to practice regularly within ISD Global where I work. There are better stories outside the book you are reading. So, go ahead, turn the page!
The X Factor might make you an ‘ ex not to be factored ‘.
Contradicting yes. Certainly so. How can expertise ever be a burden? It is what gets normally equated with leadership abilities and high performance. But when we look around, you will find instances where expertise comes across as unwanted baggage, thereby halting progress, impeding momentum.
Look around and you will scores of cases where expertise has been a trap for many an organisation and individuals alike. Kodak was at the frontier of imaging technology and photography and remained glued to the thought that things would remain the same.
” You press the button. We do the rest “, quoted George Eastman. Steve Sasson was the engineer at Kodak who invented the digital camera in 1975. US$ 10 billion in sales way back in 1981. However, Kodak failed to recognise the rise of digital photography, decline in analog camera sales and the rise in digital camera sales. Eventually, the brand filed for bankruptcy in 1992. The ‘ expertise trap ‘ played its part. The hunter became the hunted.
Let’s move onto Microsoft for a bit. When Apple introduced the iPhone(without the conventional Qwerty keypad), then CEO Steve Ballmer(steeped deep in PC and connected computing business), never gave it a chance. The legacy of expertise has played its part and things didn’t look too ‘ smart’ for Microsoft as iPhone made history. Windows had shut the door on a big opportunity as the Explorer stopped exploring.
And so goes the case with stalwart retail brands who stuck to the coat tails of merchandise, brick and mortar, store design and alterations to the marketing mix- erstwhile pillars of retail success till such time Amazon came in and broke the mould completely.
While expertise has several ticks in the box, it can also lead to individual thinking that is narrow( Why upset the applecart, we have always done it that way), resting on past laurels, ignoring the dynamics of the market place, the emergence of new thinking and technology( AI, the power of algorithms that replace rote tasks very easily) and behaviours that leave a gaping distance between colleagues and business partners, causing loss of confidence and trust. Over time the very expertise that led to our success can leave us feeling unhappy, unsatisfied, and stuck.
Some examples that might trigger counter intuitive thinking is when ‘ experts ‘ realise the need of the hour and wake up to smell the coffee. Who would have thought that automobile technology, ones exemplified by brands like Mercedes, BMW and their ilk would ever get upended. And how. Till such time Tesla disrupted the space with a vengeance and driverless, autonomous technology hit the road and put them in a MUSK DO situation. Real soon, the established brands were investing their billions into the new self driving technology to keep up, send out a signal and get ready for their future. They didn’t hang on to the ‘ expert ‘ in the field narrative. They let the new rubber hit the road. Good for them.
Some warning signs that you may have fallen prey to the expertise trap:
Have you fallen into a creative rut?
Do you feel “old” and out of touch in your job?
Do others seem uncomfortable challenging your assumptions and ideas?
Are market developments beginning to take you by surprise?
These are just a few of the warning signs.
All hope is not lost. Rediscover the path to new thinking, new learning and growth. Embark on a new journey and as the Buddhists call it ‘ embrace a beginner’s mind ‘.
That’s why we are happy with our ethos at ISD Global where I work. Be hungry, be foolish. The more you know, the more you realise how much more there is to know. Changing for the better and bettering the change go hand in hand. And all the ‘ trappings ‘ be blown!
‘I’ don’t know-hence I have some some questions about the most valuable brand in the world..
a) Is the Apple era over? Have they moved on from ‘ ground breaking and game changing ‘ to ‘ incremental fixes ‘ ? Sounds audacious but it does beg the question.
b) Have they missed the bus virtually in the Smart Speaker space in reference to Amazon & Google? With their Alexa and Assistant respectively. Though they were the true blue innovator with Siri ages ago and had a great shot at dominating the ‘ living room & kitchens ‘, they seem to be caught in no man’s land as of now. Should they have considered this space more Siriously? (Pardon the pun). As one of the most valuable brands in the world, don’t they want their ‘ share of voice ‘?
c) Should they be getting into Content Creation? They have the cash to do it but do they have the culture and the will still? Should they look at acquiring someone like an HBO or other smart acquisitions to hit the ground running? Where does Apple TV fit into all of this?
d) Have they moved on from a culture of Innovation and R&D being their biggest asset a decade ago to a huge pile of cash being their biggest asset today?
In a world of FAANG, is it still A for Apple? A for Answer is what I am looking for! What will the Doctor order to not keep the Apple away?