Zecco is attending the inaugural Money:Tech conference this week in New York.
This two-day event focuses on how new technologies are changing the world
of investing, both for the self-directed retail investor and for large institutions.
We’re about half-way through the first day, and have been very impressed
with the cutting edge and very stimulating subjects. And a little
star-struck after sharing an elevator ride with Jim Cramer!
The first segment today was Tim O’Reilly’s “Opening Salvo,” a synopsis of what
Web 2.0 is, and its intersection with investing. Some of his key points:
- Web 2.0 isn’t just
blogs or social networking features. It’s harnessing the collective
intelligence from users, and presenting it back in ways that are meaningful and
valuable.
- Traditional software
is becoming a commodity, creating an opportunity for “Software as a Service”
companies to present proprietary data through the software.
- "Bionic software”
injects users and their ideas directly into the product. They shape what
data is presented, and how it is presented by rating, tagging, and commenting.
- In financial markets,
increasing amounts of data is available to everyday investors as they share
their portfolios and trading data.
- How do we create
alpha? By integrating numerous sources of data in ways that are easy for
people to consume and interpret for their investing decisions.
Even after the first session, we feel like we're on exacly the right track with ZeccoShare. At
the same time, we're hearing about many new and exciting opportunities to keep
developing our great investing community.
Stay tuned for more posts and reactions to this conference as we continue to
listen and discuss these kinds of ideas with the other people here.
Anonymous comments are disabled
The above content is provided for educational and informational purposes only, does not constitute a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in such content, and does not represent the opinions of Zecco or its employees.