James Thanks. I've learnt a new acronym today:- ICE :-) As the Chinese say:- May you live in interesting times. Ali Hussein Principal Hussein & Associates +254 0713 601113 Twitter: @AliHKassim Skype: abu-jomo LinkedIn: http://ke.linkedin.com/in/alihkassim "Discovery consists in seeing what everyone else has seen and thinking what no one else has thought". ~ Albert Szent-Györgyi Sent from my iPad
On 4 Jan 2017, at 11:34 AM, James Muritu <james.muritu@gmail.com> wrote:
Ali,
Good insights. Most Banks are now starting to view themselves as FinTech companies holding a banking licence(fundamental to Equity's success), whereas disruptive & innovative telcos are continually viewing themselves as providers of an ICE Model (Information, Communication and Entertainment). Changing times!!
James Muritu
On Wed, Jan 4, 2017 at 11:27 AM, Ali Hussein via kictanet <kictanet@lists.kictanet.or.ke> wrote: If it walks like a duck, sounds like a duck and swims like a duck... :-)
In today's complicated world however, where whole industries have been disrupted its more difficult to pigeon hole a company into an industry.. The loose definition is usually taken from the business model of companies - Say if more than 50% of your revenue comes from advertising space on your platform then you are a media company; from Software and Hardware then you are an IT/Technology Company; from voice calls/data a telco company etc.
This however is the traditional definition hence why I'd agree with Zuckerberg in his assertions that whilst Facebook is a media company it's simply not a traditional media company.
So if we look at the local context I'd like to pose some questions:-
1. Which industry is Safaricom in? Media? Telecommunications? Banking? Entertainment?
2. How about Equity Bank? Telco, Banking?
3. Wananchi? Media? Telecommunications? Content disruption?
Ali Hussein Principal Hussein & Associates +254 0713 601113
Twitter: @AliHKassim Skype: abu-jomo LinkedIn: http://ke.linkedin.com/in/alihkassim
"Discovery consists in seeing what everyone else has seen and thinking what no one else has thought". ~ Albert Szent-Györgyi
Sent from my iPad
On 4 Jan 2017, at 10:15 AM, Mildred Achoch via kictanet <kictanet@lists.kictanet.or.ke> wrote:
Happy new year everyone,
This may be of interest:
"Facebook’s chief executive, Mark Zuckerberg, appears to have finally conceded that the social network is a media company, just not a “traditional media company”."
https://www.theguardian.com/technology/2016/dec/22/mark-zuckerberg-appears-t...
Regards, Mildred Achoch.
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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.