"Sommoliers of Retail"

Episode 69

Main Takeaways:

Instagram discovers that Phillip has a thing for sneakers.
Facebook wants to venture into matchmaking, and they certainly have enough data to do it.
Can data-rich companies step up their security game?
Retailers are using real-time data to put employees in the right place at the right time.
Personalized wellness packs: The future of health?
Professors are leaving the classroom for a better paycheck.

Facebook has decided to use artificial intelligence or AI to look at Instagram data, even though, they already have access to all that data anyway because they own Instagram.
So basically Facebook is reading your Facebook posts?
Instagram learns of Phillips very secret shoe obsession.
Everyone learns that Instagram(owned by Facebook) is somehow tracking shopping that goes beyond Instagram.
Phillip and Brian are shocked to learn that Facebook is sending out non-GDPR compliant emails.

Facebook knows everything about everyone, even people who don't use its service.
Which means that Mark Zuckerberg knows you better than you do.
Also cringy? Mark Zuckerberg vs. Judiciary Committee: full of dinosaurs who survived the stone age of social media,
During the hearing, a Congressman thought it appropriate to discuss FaceMash, a pre-Facebook website that allowed users to rate other users based on their attractiveness. Zuckerberg called this a prank, but could that project be where his dreams of matchmaking emerged from?
Phillip says that because Facebook has all the data of pretty much everyone, they probably would be pretty successful in this endeavor, and that's what makes it all the more terrifying.
If you live in Columbia and trust Facebook's algorithms, Facebook has already launched a matchmaking service.
Brian says that this is actually a huge opportunity for commerce, where companies could use this info to push projects, or services facilitated towards these matches made in data heaven.
This could open up a massive market for experiential retail.
Phillip and Brian agree that 90's era romantic-comedies are the best movies.

Since social media has changed everything, Facebook alone being home to 2 billion users, can humans catch us with the change in socialization?
Brian references a former IBM strategist in saying that adaptability quotient (AQ) outranks both IQ and EQ especially as it pertains to marketability and leadership.
Phillip wonders how long it will take for humans to be able to adapt to the current situation, in the days of information overload and global suffering.
<

Published on 7 years, 6 months ago