Main Takeaways:
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Instagram discovers that Phillip has a thing for sneakers.
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Facebook wants to venture into matchmaking, and they certainly have enough data to do it.
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Can data-rich companies step up their security game?
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Retailers are using real-time data to put employees in the right place at the right time.
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Personalized wellness packs: The future of health?
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Professors are leaving the classroom for a better paycheck.
Facebook Uses AI to Mine Data it Already Owns:
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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.
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So basically Facebook is reading your Facebook posts?
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Instagram learns of Phillips very secret shoe obsession.
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Everyone learns that Instagram(owned by Facebook) is somehow tracking shopping that goes beyond Instagram.
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Phillip and Brian are shocked to learn that Facebook is sending out non-GDPR compliant emails.
Mark Zuckerberg Matchmaker Extraordinaire?
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Facebook knows everything about everyone, even people who don't use its service.
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Which means that Mark Zuckerberg knows you better than you do.
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Also cringy? Mark Zuckerberg vs. Judiciary Committee: full of dinosaurs who survived the stone age of social media,
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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?
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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.
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If you live in Columbia and trust Facebook's algorithms, Facebook has already launched a matchmaking service.
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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.
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This could open up a massive market for experiential retail.
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Phillip and Brian agree that 90's era romantic-comedies are the best movies.
Can Humans Adapt to the World's Triumphs and Troubles?
Twitter Needs to Get Rid of Its Ponytail:
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330MM Twitter users were sent into a possible panic after Twitter sent out an email that the user's passwords had been exposed.
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Twitter insists that even with this breach, the company didn't think that anyone's account had been compromised, but users should change their passwords anyway.
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Phillip says that Twitter handled this perfectly well.
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This was one of Phillip and Brian's predictions for 2016.
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Are companies getting better at security, or just at owning up that their security is terrible?
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Twitter was proactive in immediately making customers aware of this issue, but as Phillip makes clear, this breach wasn't as much a risk for customers, and showed Twitter putting their customers need for transparency first.
Can Stores Use Time-Tech to Improve In-Store Experience?
In-Store Experience is Becoming a Mainstay For Retail:
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Macy's acquires Story, proving that experiential retail is a thing, and that in-store experience is everything.
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Phillip says that we are going to need "sommes of retail" to tell the story of how products come into being.
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Brian says Nordstrom has already accomplished this.
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And with experts in the field becoming necessary this may lead to even more automation of jobs that can be done by a machine.
Personalized Products Give Consumers a More Tailor-Made Fit:
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Phillip is super excited about Care/of, a company that is created personalized wellness packs based on a customers individual needs.
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This kind of product really drives the customer experience emphasis home: it doesn't just ask questions, it asks all the questions about diet, lifestyle, goals, allergies, and even your level of belief in supplements themselves.
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care/of also asks about mental health to ensure that there won't be any negative interactions with the recommended supplements.
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And if you are a skeptic like Phillip (and Phillip is indeed a skeptic), have no fear, because the service includes the number of double-blind studies on each supplement and its effectiveness.
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The entire process is incredibly personal, from the questions, to the 30 daily-use packets with the customers name on each one, even down to the various inspirational quotes meant to improve the overall experience.
Facebook is Hiring Professors Away From The Classroom:
Retail Tech is moving fast and Future Commerce is moving faster.
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