Agile Innovation Systems, Methods, Open Source, strategy

The “Sharing Economy” is Unstoppable

The hotelier that will soon overtake Hilton and InterContinental to become the world’s largest lodging chain doesn’t own a single room. AirBnb, based in San Francisco, is a website which enables homeowners in 192 countries to rent out their spare rooms or vacant homes or apartments to travelers. Airbnb is one of a growing number of innovative startups that are part of the burgeoning “sharing economy” movement, which allows regular people to make money on assets they already own. Result: more and more traditional industries are being upended by competitors from outside their industry. The taxi industry is being disrupted by Uber, a ride sharing app that’s already spread to 70 cities. Airbnb is busy disrupting the hotel industry. TaskRabbit is a threat to the temporary staffing industry. Want to share your car and pick up some extra income? Register it on RelayRides or Sidecar.

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According to Forbes, the trend is already generating $3.5 billion a year, with growth exceeding 25%. While regulators are currently clipping the wings of certain of these upstarts, their cumulative effect is said to have a major impact on cities, product manufacturers and service providers. Using Ebay’s rating system, and smartphones that let sharers transact anywhere, anytime, micro-entrepreneurs are empowered to further monetize this space for years to come. Just as YouTube did with TV, and blogs did to traditional media, the peer-to-peer sharing trend is becoming a major disruptive force that will, in the years ahead, create winners and losers in its wake.

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Open Source, science and future, strategy, technology

How Arduino is open-sourcing imagination | Massimo Banzi

Massimo Banzi helped invent the Arduino, a tiny, easy-to-use open-source microcontroller that’s inspired thousands of people around the world to make the coolest things they can imagine — from toys to satellite gear. Because, as he says, “You don’t need anyone’s permission to make something great.”