Immerse yourself in the compelling realm of digital tech strategy with Jeff Towson’s latest podcast. This episode explores the attractive yet hazardous economics of the digital tech industry, providing insights into its potential benefits and inherent dangers. An essential listen for anyone eager to comprehend the complexities and future trends of this swiftly evolving sector.
Key concepts for this article: The Brutal Economics of Digital / Information Audience-Builder Platforms *** ChatGPT and large language models (LLM) have everyone talking. The ChatGPT prototype launched on November 30 is stunning. ChatGPT, which stands for Generative Pre-Trained Transformer, is basically a superpowered chatbot built on top of OpenAI’s GPT-3.5 suite of large language […]
In this podcast, Jeffrey Towson discusses why he doesn’t like Netflix, Singapore Press, and most digital content businesses. He argues that these businesses lack a moat, which is a sustainable competitive advantage. He also argues that these businesses are too focused on quantity over quality.
In this podcast, Jeffrey Towson discusses how Nike has successfully built a competitive advantage in China by participating in the large platform businesses of Alibaba and WeChat. He shares insights on how other businesses can do the same. Towson argues that businesses need to focus on providing a great customer experience and building strong relationships with platform partners. He also emphasizes the importance of data-driven decision-making.
Digital economics are just very strange. As soon as a service or business becomes infused with software and data technology, the economics start to change and strange things happen. Reproduction costs drop to zero. Stuff starts becoming free. Scalability increases dramatically and can be surprisingly cheap. And some old, obscure ideas in economics start to […]
In this podcast, Jeffrey Towson discusses how digital economics can impact well-established competitive advantages like economies of scale. He argues that digital economics can create new competitive advantages, but it can also destroy old ones. For example, he cites the example of Amazon, which has been able to achieve economies of scale by using digital technologies to automate its warehouses and distribution network.
In this podcast, Jeffrey Towson discusses how the economics of digital are changing, and how this is impacting pricing. He argues that pricing is becoming increasingly complicated, as businesses need to factor in factors such as bundling, switching costs, and platform business models. Towson believes that businesses need to adapt their pricing strategies to the new digital economy in order to remain competitive.
Tencent’s acquisition of Sogou is a major deal that will have a significant impact on the Chinese search market. This deal is a sign of Tencent’s continued dominance in the Chinese tech industry, and it is a reminder of the importance of digital and information economics in the digital age.
In this podcast, Jeffrey Towson discusses how digital native education companies like LAIX are challenging traditional companies like New Oriental. He argues that education companies need to embrace digital technology and create a more personalized learning experience in order to compete. Towson provides examples of how LAIX is using digital technology to improve the learning experience, and he discusses the implications for education companies of all sizes.
In this podcast, Jeffrey Towson discusses whether Baidu can become the new AT&T in China. He considers factors such as Baidu’s strengths in search and artificial intelligence, as well as the challenges it faces from rivals like Alibaba and Tencent. For example, Baidu has a strong foothold in the Chinese search market, but it faces competition from Alibaba in the e-commerce market and Tencent in the social media market.