Room for Innovation in Wind Energy Industry

I was driving down the 401 in Toronto and I noticed a wind turbine setback from the highway. As I looked at it, I remembered seeing it when I used to live in Toronto over 10 years ago. That’s a long time. On one of my first trips across the USA, I drove north through the California desert. As you’d expect, there were lots of wind turbines. When I traveled through New Zealand, there were lots of wind turbines there, too.

The extent of my knowledge (at this point) of wind energy is that the energy is captured through the use of a wind turbine. And because of the structure of the turbines, there are lots of folks who oppose wind turbines. There concerns are understandable and shouldn’t easily be dismissed. That being said, I think about the abundance of wind on the planet I think that there’s gotta be room for innovation in this industry, right?

If I had to choose, my guess is that solar energy is going to be what revolutionizes energy on our planet, but while we’re still trying to perfect energy storage (batteries just won’t cut it), I have a hunch that there’s something we can do about the wind energy industry. I don’t have a grand idea to propose in this post, but there are many inventions or discoveries that come from people who weren’t working inside that industry. My guess is that I don’t have many readers who work in the wind energy industry, so it might be people like you and I who come up with an idea that revolutionizes the wind energy industry.

The next time you get a few minutes, think about the abundance of wind on the planet and how we might capture and store that energy. It just might be a million dollar idea…

Want a Pair of Google Glasses: Just Write a Convincing Essay

One of the co-founders of Google, Sergey Brin, was on stage at TED2013 talking about Google Glasses. It’s like a smartphone, but in a pair of glasses. If you haven’t yet seen Google’s latest promotional video, you’re probably going to want to check it out:

Cool, eh?

One would have to imagine that the possibilities for use are endless. Can you imagine putting these on athletes, say baseball players, and watching the gameplay from their perspective. Obviously, we’re a long way off from that (or are we?), but it’s fun to think about the potential uses. Anyway, in this post, I wanted to talk about something I read in an article about Google Glasses:

The company will sell the glasses for $1,500 each to people who write a convincing essay on what they will use the glasses for.

This is brilliant. Absolutely brilliant. Google is getting its customers to evangelize about its product and then ‘rewarding’ them by letting them pay $1,500 to buy the product. More than that, Google is crowdsourcing its customers for ways to market its product. By aggregating the best essays (and the themes of the essays), Google will see best how to market its product to other customers.

Perception vs. Reality: Revisiting Wealth Inequality in America

This past summer, I wrote a post that shared some information about wealth inequality in the US. I was actually sharing information that had been published the summer before (in 2011). There was a telling graphic that followed as a result of the study (I’ve included it below): Average Income by Family, distributed by income group.

Keeping in mind that this study was published in 2011, so the three boxes may have shifted. If anything, I would imagine that the actual distribution (the top box) is more pronounced in its inequality and because of Occupy Wall Street and books like Chrystia Freeland‘s Plutocrats (which I’m currently reading and will probably have a post on in the near future), I would guess that people would be more aware of the wealth inequality, so the middle box would also be more pronounced in its inequality.

The reason that I decided to revisit this information is because there’s a video that’s being passed around that uses the information from this study (and this graphic) and presents it in a much more effective way. Before reading on, I’d urge you to watch it:

Now, can you see how much more effective that is in accentuating the differences between perception and reality? I especially appreciated the way the creator of the video used the an aggregate of 100 people to illustrate the differences between the percentiles. I’ve found that when numbers get really large, it can be hard for people to conceptualize the differences. For instances, if we look at the graphic above (in this post), the differences are plain to see, but there’s something about the limits of the rectangle. The representation of the quintiles don’t make for easy transferability from one quintile to the next. That is, it might be hard for to conceptualize that each of those colors is suppose to represent 20% of the population. In watching the video, though, the creator so eloquently differentiated between quintiles by taking an aggregate of 100 people and then actually showing the people from each group.

I think the video was really well done and I hope that it raises public awareness around this important issue. More than that, I hope that it motivates the public to actually want something to get done. If enough of the population pressures their legislators, we just might be able to make a change.

Quick Thoughts on Amanda Palmer, The Art of Asking, Vulnerability, and Trust

Yesterday, TED posted the TEDTalk of Amanda Palmer. The name sounded vaguely familiar, but because I kept seeing tweets saying that “Palmer Wins TED,” I thought, I’ve gotta watch this talk. So, before I get into some of my thoughts it, I’ll let you watch it.

Apparently, there’s been a big hullabaloo over Palmer accepting $1,000,000 through Kickstarter, but continuing to ask musicians to work for “free.” I’d rather not get into that discussion, but I think it’s important to mention before moving on.

Amanda Palmer: A big congratulations! This TEDTalk certainly created news yesterday. For some, it’s because she didn’t answer questions that some had asked regarding the Kickstarter funds, for others, because she raised some important ideas about the music business. It’s certainly not easy to challenge mainstream ideas and even harder to do so with so many people who think you’re wrong (and are shouting that at you).

The Art of Asking: For some, there is nothing harder than asking for help. Asking for what you’re worth. People who are just starting their own business often have lots of problems trying to figure out just how much they should charge. Much of this has to do with psychology and our ideas of self-worth, but there’s also the cultural stereotype that it’s not okay to ask. It’s so great that Amanda could demonstrate how asking is not something to be afraid of.

Vulnerability: On the topic of asking… I remember reading about people who pose as beggars — not for the money, but to gain the experience of what it’s like to beg or ask for money. It’s not something that I’ve done, but after watching this TEDTalk, it’s an experience that I think is certainly worth considering. It might shatter stereotypes of what it’s like to ask for help and would certainly foster a greater sense of empathy.

Trust: Without getting too much into a philosophical discussion, it’s great to see a tangible example of someone who “trusts the flow of life,” and is rewarded for it.

I’d Love to Get Inside Marissa Mayer’s Head: The End of Telecommuting at Yahoo

By now, you’ve no doubt heard that Marissa Mayer is ending telecommuting at Yahoo. There’s been lots of opinion written about why what she’s doing is wrong and lots written about why what she’s doing is right. In general, I think that the research supports the plethora of pros to working from home, but of course, a blanket generalization across all situations stating that working from home is better than being in the office would be near-sighted. There are two articles that I want to highlight.

The first doesn’t specifically state that what Mayer’s doing is “right,” but does lend credence to her decision:

So when Mayer decrees seven months into the job that she wants people to, you know, physically show up at work instead of telecommuting — or else — I’m pretty confident this reflects a data-driven decision more than a cavalier command. In all likelihood, Mayer has taken good, hard looks at Yahoo’s top 250 performers and top 20 projects and come to her own conclusions about who’s creating real value — and how — in her company. She knows who her best people are.

Certainly, this makes sense. It’s unlikely that the executive team of Yahoo woke up one day and said that we need to bring those telecommuters into the office because they’re not working hard enough!

The second is of the opinion that Mayer and Yahoo might be erring in their decision:

The working-from-home ban also reveals that Mayer doesn’t know how to measure her workers’ performance. Swisher quotes a source who says that Mayer has been “irked about Yahoo parking lots that are slow to fill in the morning and quick to empty by 5 p.m.” This is a classic bad-manager misconception—that a full parking lot means people are getting stuff done. And it’s easy for employees to game that system. If my boss makes it clear that she’s looking for my car in the parking lot in the evenings and on weekends, all I’ve got to do to get noticed is spend a lot of time at the office. Sure, this will ruin the rest of my life, but otherwise it’s easy—as long as I’m in the office, even if I’m just playing solitaire, I know I’ll be making a good impression.

An important point, indeed.

As I said earlier, in looking specifically at this situation at Yahoo, I don’t know which side I come down on. In fact, it’s really impossible to know, unless I could get a hold of the data that Mayer used to make this decision. That being said, based on the research that supports working from home, part of me wonders if the data that Mayer used to make this decision isn’t accurately capturing what Yahoo thinks that it is.

Thoughts on National Free Wi-Fi Public Networks

There’s a good chance that at some point yesterday, you heard/read that the FCC is considering the possibility of developing free and public Wi-Fi across the entire United States. At first blush, this sounds like a really cool idea. Some people think that the right to internet access should be a universal right — as in part of the Universal Declaration of Human Rights.

On my way to campus this morning, I heard Diane Rehm and her panel speaking about this issue. After listening to the broadcast for just a few minutes, it’s easy to see how complicated this issue is. There’s the telecommunications companies that have invested all that money into infrastructure (apparently, over $1 trillion). There’s also the idea of who would pay for the maintenance of the infrastructure if it were no longer in the hands of the private sector (read: tax dollars). I suppose, before we even get that far, is the feasibility of having many people “on the network” at once. One of the panelists was talking about how in some areas, there would be situations where a number of people would have to share 5 mbps. That won’t work.

But therein lies the answer.

Innovation.

For national Wi-Fi to be a possibility, there’s going to need to be improvement in the technology. Yes, Wi-Fi capabilities have increased exponentially since its existence, but my sense is that we won’t be using Wi-Fi “forever.” That’s not a bold prediction by any stretch of the imagination, but my guess is that there will be something that comes along that usurps Wi-Fi as the “be-all and end-all” of our internet connectivity.

I’m sure this example has been overused, but the best way I can describe it is through TV. Remember when there was analog cable? The bunny ears and all that? Digital cable replaced analog cable as the staple of the way that TV is provided to customers. Right now, we’ve got Wi-Fi. It’s ubiquitous. Just like analog cable was ubiquitous.

So, if I had to hazard a guess, I’d say that maybe in the next decade (or two?) we’ll see something that comes along and usurps Wi-Fi as our main way of connecting to the internet.

What is “the Economy,” Anyway?

Earlier this morning, the Bureau of Labor Statistics published a bunch of figures, which collectively is known as the jobs report. The consensus around the numbers seems to be that the news is ‘positive’ for the economy. Hooray! Within the last hour, the Dow Jones Industrial Average broke 14,000 for the first time in almost 6 years. Hooray again! After hearing about these two bits of news, I went on a bit of a rant on Twitter about “the economy.”

At times, this can be a bit bothering — listening to someone opine about the economy when they’re not really specifically pointing to the part of the economy that’s disturbing to them. Part of me wonders if this is because the person doesn’t know what they’re talking about and they’re just repeating the headlines they’ve read in the paper that day or something they heard the newsman say on TV).

The economy is vast — really vast. Let’s just look at the definition on Wikipedia for a moment:

An economy consists of the economic system of a country or other area; the laborcapital, and land resources; and the manufacturingproductiontradedistribution, and consumption ofgoods and services of that area.

Labor, capital, land resources, manufacturing, production, trade, distribution, and consumption — that’s a lot of areas rolled into one! My guess is that when most people talk about the economy, they’re usually referring to that first part: labor. Their perspective on the economy is viewed through the lens of “do I have a job, do my friends have jobs, do other people have jobs, etc.” In this way, when unemployment is high, the economy is “down” or not doing so well.

The ironic part here is that today, with unemployment at 7.9%, the economy could be seen as doing quite well. I mentioned in the tweets above (and earlier in the post) that the Dow broke the 14,000 barrier for the first time in nearly 6 years. That’s pretty substantial as many other folks use the Dow as a proxy for how the economy is doing. “Is the stock market up, then the economy must be doing well…”

Just like unemployment is one facet of the “labor” area of the economy, the stock market could be seen as one facet of the “capital” area of the economy. Another important facet of the “capital” area of the economy: liquidity (cash).

A couple of days ago, Ezra Klein at the Washington Post had an important graph showing the rise in liquid assets over the last 20 years or so. The chart shows a steady (and quick!) rise in liquidity. In fact, liquidity has nearly tripled in the last 20 years! Why does this matter? Well, all that cash on the balance sheet of corporation’s doesn’t do any good for “the economy” nor does it do any good for the unemployment number of 7.9%. If it were up to me, I think that Congress needs to do something to incentivize the corporations for spending all that cash, which represents 11.3% of GDP! While I understand the Keynesian argument for stimulus spending, to me, it appears that coaxing all of that money back into the economy would be the most effective form of stimulus.

~

While it may seem that I’ve gone off on a bit of a tangent, I just wanted to illustrate that “the economy” can represent a number of things to a number of people. The next time you hear someone talking to you about the economy, double-check with them the part of the economy they’re referencing.

Close Your Email — Right Now!

If you’ve read anything about productivity, the appeal in the title of this post will not be new. While this is something that I’ve known for years, it’s not something that I usually practiced. I’ve had my own computer for more than a decade and in that time, I’ve probably almost always had my email open — while at the same time, trying to get work done.

Of course, there would be times when I would be under some sort of deadline, so I’d close everything, but the report I was working on. Aside from those times, I’ve almost always had a tab open in my browser with my email. The ironic part is that when Google Chrome added extensions, I immediately picked up one of those extensions that would let me know when I had email with a chiming sound. Like Pavlov’s dog, I would immediately flip to my inbox.

I’ve read lots and lots about how to be productive. I know that being a slave to your inbox is not an effective way to get anything done (other than keeping our inbox empty, but that’s debatable).

Recently, I’ve had some trouble with the extension in Google Chrome that chimes  when I get a new email. As a result, I experimented with some other extensions, but none of them seemed to work as well as the one I had. I finally came to an extension that was by Google, so I thought that one would probably work really well and forever be compatible with Google Chrome. Before I go on, I should say that the extension I was using had worked for… well, as long as I can remember. So, the new extension. This new extension by Google doesn’t chime the way the old one did.

At first, this was kind of maddening because I was so used to hearing the chime and then going to my Inbox. Mind you, the extension still has a small indicator directly next to the address bar, so I could see if there was a new message or not.

Why am I telling you all this?

Well — because I’m converted.

I no longer have my email open. After 10+ years of having my inbox open all the time, I’ve realized (by accident?) just how much more effective and efficient it is to not have your Inbox open all the time. So, if you were a long-time hold out like me, I implore you — try it — test it out — you may like it!

Note: If you need another reason to close your Inbox… you should know that having Gmail open will slow down your computer — as it takes up quite a bit of RAM.

Higher Education is More Like Telecommuting and Less Like Newspapers, Part 2

In yesterday’s post, I looked at higher education in comparison to newspapers and to telecommuting. My conclusion was that higher education was more like telecommuting than newspapers (with regard to the introduction of technology). There’s one thing that I didn’t really touch on, but that I think is important: MOOCs.

With the development of massive open online courses (MOOCs), higher education can be broadcast to a wider net. That is, people who might not have otherwise had access to education will now have access to this education. I think that this is a great by-product of MOOCs and online education, in general. This even gives access to folks who might not have been able to take time out of their busy lives to attend classes to now be able to learn things (I’m thinking about working parents).

So, while online education seems like it might be disruptive to higher education, I don’t think it’s going to be that much of a hindrance to the current market of higher education. Of course, there will be some decline, but I don’t think it’ll be as big as folks are predicting. In fact, I think that these MOOCs will actually open up and create new markets for which higher education can then compete in.

We’re seeing some universities breaking into online courses. Heck, my first Master’s was through a hybrid program where most of the learning was done online! George Mason University seems to be taking advantage of MOOCs, too. I recently heard that the Mason Center for Social Entrepreneurship has published a MOOC in social entrepreneurship! Be sure to check it out.

Like I said yesterday: online education is sure to have an effect on higher education, but I don’t think that it will “end higher education as we know it.” I think for that to happen, it’ll take something like the technology I was talking about with CNN and the holographic presence.

Higher Education is More Like Telecommuting and Less Like Newspapers, Part 1

I came across an interesting article in The American Interest magazine a couple of days ago. It was by way of tweet (as it most often is). This tweet came from one of the professors at George Mason University, Prof. Auerswald. He’s done some really cool stuff, so be sure to check ’em out! The tweet which led me to the article:

Intriguing, yes? Well, it was to me, so I proceeded to read the article from the magazine. As for the argument that universities are going the way of the newspaper because of the internet — I don’t necessarily agree with it.

In fact, I think that higher education will go the way of telecommuting more than it will the way of newspapers. What do I mean? Well, telecommuting first became popular last century. It only existed as a possibility from about the 1970s on. By now, you’d expect that lots of people would telecommute, right? Depending on your definition of lots…

Total Number of US teleworkers

This graphic shows that there are only about 3 million total employees who telecommuted in 2011. If I were asked to guess in 1990s how many folks would be telecommuting in the 2010s, I would have guessed waay more than 3 million — as I’m sure most people would.

Higher education — learning — has, for the most part, been an in-person thing. People enroll in university and spend the next 4-5 years living on- (or off-) campus taking classes. In that time, they may also join student organizations, hold internships, and meet a whole bunch of new people. Some of those people become their friends for the rest of their lives.

MOOCs do not have the same qualities of in-person education. Learning online (or on your own) won’t necessarily reap the same benefits of attending university.

I understand the argument and the correlation between newspapers and higher education makes sense, but I just don’t buy it. I don’t believe that higher education will go the same way as Newsweek or other publications. Higher education is more than just the degree. That’s not to say that some consumers won’t choose to go the way of online learning, but I don’t think that it will pull enough folks away from wanting the in-person learning. This is why I think MOOCs and online education is more likely to go the way of telecommuting.

That being said, I do think that MOOCs present a major threat to the higher education market because consumers will perceive it as a shortcut to a degree.

And more than that, I think that advances in telecommuting could shift the way we telecommute — and by extension — higher education. In fact, I remember during the 2008 election, CNN had a “virtual presence” technology wherein one of their guests was somewhere else entirely, but there was a holographic representation of them in the studio (with which Wolf Blitzer was interacting). That was 4 years ago!

I don’t know what happened to that technology (if it’s being developed for commercial use, etc.), but I think that could seriously change the way we interact. I think if that technology were introduced on a larger scale, that would certainly increase the number of telecommuters. Similarly, I think that would have a chance at seriously changing the face of higher education. This technology, assuming it’s “just as good as being there,” would allow folks to be in the comfort of their basements (or virtual presence studio?), while still being at work or in a classroom.

Just as a closing: anything written about the future is inherently flawed. There’s no way to know (for sure) what will happen or won’t happen in the future. So, while these are some predictions or guesses I’m making about the future, they may turn out to be wildly wrong (or surprisingly right).

Note: After writing this, I realized that there were a few more things I wanted to touch on. Look for Part 2 tomorrow!