Finding the Money in the Internet of Things

More generally, companies are still deploying IOT as an optimization technology – a technology that can incrementally, and perhaps even significantly, improve performance, but that leaves the core nature of the business untouched. Here’s an interesting thought: what about harnessing the potential of this technology to disruptentire markets and industries?

The data and insight generated from IoT, if properly harnessed, has the potential to unseat incumbents if they’re not the first to realize this opportunity. In certain markets like the automobile industry, IoT might be a catalyst for shifting from ownership to sharing models of business, disrupting the economics of traditional product vendors. Insurance companies might harness IoT to identify lower-risk customers and offer these attractive prospects much lower rates, leaving the high-risk customers to competitors.

Bottom line: there’s a lot of money to be made from this promising technology for the companies that know where to look.

https://hbr.org/2014/11/finding-the-money-in-the-internet-of-things

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The 10 Highest-Paying Jobs For Math Geeks

Are you good with numbers, data, or spreadsheets? Don’t be afraid to show off your skills — as it turns out, being a “math geek” is quite lucrative. 

New data from PayScale reports that the median salary for math majors is $70,900 — compared to a median salary of $58,600 for all college grads. Some professions, such as data scientists and quantitative analysts, are even higher, with median salaries upwards of $100,000.

http://www.businessinsider.com/highest-paying-jobs-for-math-geeks-2014-11

Highest Paying Jobs for Math Geeks

Tech Pay Hits A New Record: This Is What Software Engineers Earn BEFORE Their Bonuses

The average base salary of a software engineer in the US is getting closer to $100,000. This year, the average is $97,098, up just a few dollars from the year before.

European engineers, however, earn a lot less. But they did get a big boost in base pay this year: Salaries in Europe average €43,536 ($55,329) before bonuses are paid, up 9% from €39,498 ($50,198) in 2013.

http://www.businessinsider.com/tech-salaries-have-hit-a-new-record-2014-10

Glassdoor tech salaries comparison nologo

Is it Asset Location As Important As Asset Allocation ???

Choosing the location of where your investments are located can add significantly to your after tax returns. Most people understand that modern portfolio theory and asset allocation are major factors in determining investment returns but individuals are not as well versed in techniques of asset location

Focusing on after tax rates of returns, liquidity needs, and efficient allocation of your investment assets will allow investors to build a larger investment portfolio, reduce taxes, and earn higher after tax rates of returns.

http://investorsolutions.com/knowledge-center/investment-articles/asset-location-is-as-important-as-asset-allocation-3/

maltaway_balatti_boardmember_asset location

The golden rules for a compensation system that strikes the fine balance between a startup’s needs and keeping employees happy.

The golden rules for a compensation system that strikes the fine balance between a startup’s needs and keeping employees happy.

“You can’t be transparent if you’re not paying fair, and if you are, there’s no reason to not be transparent.”

“Most startups overpay for talent because they undervalue their own equity — so the candidate will too,”

“You should not lose candidates because another startup at a similar stage is paying them more cash.”

Screen_Shot_2014-10-28_at_9.51_.20_AM_

1) No one is ever happy with compensation, and compensation has never made anyone happy

2) People always find out what everyone else is making.

3) Create a system that revisits compensation only 1-2x a year.

4) On the spectrum between formulaic and discretionary compensation, be as formulaic as you can.

http://firstround.com/article/A-Counterintuitive-System-for-Startup-Compensation

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Time for deflation? Yes of course for the inflated job titles in the Investment banking arena, is finally a new bubble bursting? Goldman Sachs Just Says ‘Vice President’ to Be Polite

Time for deflation? Yes of course for the inflated job titles in the Investment banking arena, is finally a new bubble bursting? Goldman Sachs Just Says ‘Vice President’ to Be Polite

Goldman’s theory, on the other hand, is that “vice president” is a “courtesy title” handed out to roughly one-third of its employees, and of course they’re not all officers

There are thousands of them, and they are called that mainly to reassure clients that the awfully young-looking person running their merger is a senior executive and global head of something or other, and can therefore be trusted to make important decisions with no adult supervision

Global (or U.S., or European, or …) head of something or other is an even more abused title than vice president. At this point people have mostly figured out that there are a lot of VPs, but the benefits of the global-head title are that:

It is unique, in the sense that there can be only one global head of any particular thing,

It is infinitely expandable, in the sense that there are unlimited things to be global head of, and

It is entirely informal and can be made up on the spot.

So, well…….time for deflation indeed

http://www.bloombergview.com/articles/2014-09-04/goldman-sachs-just-says-vice-president-to-be-polite?alcmpid=view

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New way to get your Board meeting, ride your way to change the old one. This Concept Bicycle Could Fit Inside A Backpack

New way to get your Board meeting, ride your way to change the old one.
This Concept Bicycle Could Fit Inside A Backpack

The Kit Bike is so small when disassembled it fits in a bag you could carry as a backpack. When you assemble the bike, you get a full-size bike that is comfortable to ride

http://www.businessinsider.com/kit-bike-could-fit-inside-your-backpack-2014-7?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29

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