One of the things I like about technology in general, and the Internet and increasingly mobile apps in particular, is the ability to find value in stuff that otherwise gets wasted.
Companies like AirBnB and assorted clones allow people to rent out their homes easily, when they're away.
WhipCar allows you to rent out your car when it's not being used.
eBay and Freecycle allow people to sell or donate unwanted goods.
OptionTown.com allows airlines to exploit unused "assets" like empty seats on flights (pay a small fee to get the empty seat next to you, or buy an option for an upgrade).
There are many more examples in a similar vein, sometimes aimed at helping business get incremental revenue to improve return on capital, and sometimes aimed at consumers to monetise their time or personal possessions. The latter can have an impact on suppliers, either by creating a more efficient second-hand market (and thus slowing "new" sales) or introducing alternatives and reducing achievable prices (eg hotel vs. home-rental).
But we're still not seeing the equivalents emerge in telecoms. Various companies have proposed ways to exploit quiet, uncongested networks, by distributing bulk data overnight, for example. To be fair, some telcos do dynamic pricing to encourage users to time-shift (or place-shift) their usage, but it's still all a bit clunky and rarely communicated or sold to users in an effective way.
And the other bucket of "value" is from the end-user perspective. Postpaid users - and increasingly prepaid accounts too - get offered large quotas of minutes, SMS's and data, much of which goes to waste. I'm surprised we haven't worked out ways to "scavenge" value from this somehow. I've often used the concept of "social tethering" to stir debate ("share up to 200MB a month with my Facebook friends when they're in WiFi range"), but not much has happened there either.
Given economic pressures on both telcos and consumers, one or both of these sources of efficiency will undoubtedly be tapped sooner or later. In my view, network operators need to push harder with exploiting their own under-utilised assets, as otherwise they will get caught out when end-users start their own secondary markets in unused minutes and MB.
Companies like AirBnB and assorted clones allow people to rent out their homes easily, when they're away.
WhipCar allows you to rent out your car when it's not being used.
eBay and Freecycle allow people to sell or donate unwanted goods.
OptionTown.com allows airlines to exploit unused "assets" like empty seats on flights (pay a small fee to get the empty seat next to you, or buy an option for an upgrade).
There are many more examples in a similar vein, sometimes aimed at helping business get incremental revenue to improve return on capital, and sometimes aimed at consumers to monetise their time or personal possessions. The latter can have an impact on suppliers, either by creating a more efficient second-hand market (and thus slowing "new" sales) or introducing alternatives and reducing achievable prices (eg hotel vs. home-rental).
But we're still not seeing the equivalents emerge in telecoms. Various companies have proposed ways to exploit quiet, uncongested networks, by distributing bulk data overnight, for example. To be fair, some telcos do dynamic pricing to encourage users to time-shift (or place-shift) their usage, but it's still all a bit clunky and rarely communicated or sold to users in an effective way.
And the other bucket of "value" is from the end-user perspective. Postpaid users - and increasingly prepaid accounts too - get offered large quotas of minutes, SMS's and data, much of which goes to waste. I'm surprised we haven't worked out ways to "scavenge" value from this somehow. I've often used the concept of "social tethering" to stir debate ("share up to 200MB a month with my Facebook friends when they're in WiFi range"), but not much has happened there either.
Given economic pressures on both telcos and consumers, one or both of these sources of efficiency will undoubtedly be tapped sooner or later. In my view, network operators need to push harder with exploiting their own under-utilised assets, as otherwise they will get caught out when end-users start their own secondary markets in unused minutes and MB.
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