Three Challenges for the Next Economy

There are three topics that should be discussed as we forge the next economy: the Autonomous World, Silicon Valley feudalism, and ensuring human safety from advanced robots. For the second year, I’ll be at Tim O’Reilly’s Next:Economy Conference in San Francisco on Oct. 10–11, which brings technology, the economy, and forward-thinking industry leaders together under one roof. These events set the tone for the impacts of technology on businesses, governments, societies, and global economies. I see three red-hot challenges for the Next:Economy: The Autonomous World. What role do humans play when robots do jobs better? This topic, which was discussed at the last Next:Economy, was a major theme –yet we’re nowhere near from settling it. Did you know the White … Continue readingThree Challenges for the Next Economy

Market Snapshot: Crowd-based Insurance Startups on the Rise

Above Image: Crowd Companies has identified more than a dozen crowd-based insurance startups emerging from financial industry hotbeds like London, more will emerge from each region. Crowd- and peer-based business models have impacted the hospitality industry, transportation space, financial sector, and other industries as indicated within the latest Collaborative Economy Honeycomb 3.0. We’re now seeing the rise of a growing set of startups in the insurance industry that are enabling P2P, pro-rata coverage or crowd-based models that leverage the crowd. These emerging insurance tech startups include mostly peer-to-peer offerings, with a handful that are also improving the delivery of insurance through new technologies. P2P insurance allows for more people to be insured by aiding underserved markets. It provides coverage for … Continue readingMarket Snapshot: Crowd-based Insurance Startups on the Rise

Collaborative Economy Market Contraction Signals Maturity

Above Image: a butterfly emerges after contracting in a cocoon. You’ve probably read the article from Salon, with its sarcastic title and detailing of several failed on-demand, Collaborative Economy startups. A few people asked for my thoughts First, our data shows that the Collaborative Economy movement is here to stay,. We see people increasingly adopting sharing behaviors , startups like Uber are profitable in the United States, and the UK government is  offering a tax credit for people who participate in it. It’s not going away––but we do need to cull the herd. Second, signs point to the fermented froth fizzing out as we enter Phase 4 of tech market maturation: Contraction… The Collaborative Economy Market is Changing: Too many damn … Continue readingCollaborative Economy Market Contraction Signals Maturity

Honeycomb 3.0: The Collaborative Economy Market Expansion

The Collaborative Economy enables people to get what they need from each other. Similarly, in nature, honeycombs are resilient structures that enable access, sharing, and growth of resources among a common group. Our latest version of the Honeycomb framework, Honeycomb 3.0, shows how the Collaborative Economy market has grown to include new applications in Reputation and Data, Worker Support, Mobility Services, and the Beauty Sector. Get the Honeycomb: Register to Receive a High-Res Version This is a market map to help you understand how every industry can benefit from the Collaborative Economy by partnering with new startups. Advance to the registration page, or click on the image below to see the larger version.   Our Research and Design Process Honeycomb … Continue readingHoneycomb 3.0: The Collaborative Economy Market Expansion

2016 Brings Additional Enrichment, Growth to Crowd Companies Innovation Council

It’s almost a new year, and we have a lot planned for 2016 to help our members grow their Collaborative Economy programs here at Crowd Companies, which we founded two years ago. I wanted to share with you five items that we’re focused on: Content and discussions that focus on “how to” deploy in innovative markets, Leading our members through the six-phase Innovation Journey methodology, Over five physical events, plus private roundtable dinners for members, An additional topic focus, the “Autonomous World” (drones, self driving cars, AI) New employees, to serve our growing member base Next year, we’ll focus even more on the “how to” of program development, providing the in-depth tools you need to determine opportunities and begin defining … Continue reading2016 Brings Additional Enrichment, Growth to Crowd Companies Innovation Council

Why a Strong Brand Matters in the Collaborative Economy

In a recent webinar, I joined Andrew Reid, founder of Vision Critical, to discuss the new rules of the Collaborative Economy. The webinar explored three paths established companies can take to successfully compete with the likes of Uber, Airbnb and Instacart: through price, convenience and brand. As we revealed in the webcast and in the accompanying report, brand is the most useful path for companies with strong brand recognition and positive brand sentiment. This is particularly true in markets where customers are sensitive to risk. This finding might seem counterintuitive. Afterall, startups—the small guys—have driven the growth of the Collaborative Economy. But our report, based on feedback from more than 50,000 North Americans, clearly shows that in almost all categories … Continue readingWhy a Strong Brand Matters in the Collaborative Economy