Community-based definitions and who gets the final say

This story from Wired covers a nifty new tool called Wikipedia Scanner that lets you see who (what IP address) has been editing Wikipedia entries although it is somewhat old news as the examples given are all pre-2006. 

I suppose there are two ways to look at this: 

  1. Changes like those made by Diebold & Wal-Mart editing critical comments are not in the "spirit" of a "collaborative" effort like Wikipedia or as an entry stated  – are "vandalism."
  2. Because this is a definition based on the collaborative input of the community, then everyone in the community is understood to be a participant with the "facts" rising to the top after numerous public iterations.

Now, I often reference Wikipedia definitions here because I like the fact that they are dynamic and can be a bit more colorful than Merriam-Webster.  However caveat emptor because anybody can edit an entry which again is the unique thing about this social dictionary. 

One person’s fact could be another person’s fiction.

Bottom line – this is a place people go for information and companies/organizations want to make sure their brands are presented in the best light possible.  This should not be a surprise to anyone and is hardly scandalous.

Crisis management via Blackberry

As August is high holiday time in Europe and also a time for vacations on Wall Street, the recent gyrations in the global financial markets have occurred when many of those that play the game were soaking up the sun in their favorite beach getaway.  This story from the Financial Times talks about a few folks who used their Blackberry’s as their "financial lifeline" as events unfolded and credit them with not having to cut their holidays short to rush back to the office.

Obviously emotions are running high and the stakes are huge so one can only guess at the contents of these discussions.  The ability to quickly message back and forth creates a nice record as each of these emails gets neatly stored into a firm’s email archive (at least in the US in compliance with SEC 17a-4).  One can only imagine what will be uncovered as the litigation heats up and e-discovery requests come rolling in.  Maybe not a wise idea to send emails after a few margaritas?

Generation Y and Electronic Communications: Part 3 – Personal Boundaries

Here’s the third and final post on this topic for now.  This seems to be high on the interest list of the business media as I have had several press calls discussing it in detail recently.  The overriding question from the business press is what are enterprises to do as new devices, new technologies, and new habits enter the workforce.  What security measures must be taken?  I’ll cover my thoughts on that in another post. 

The final overriding point that was made to us during our research was that there is a pretty firm personal boundary line in how this group communicates.  For example, it is acceptable for friends to text message back and forth but was perceived to be awkward (too personal) if a supervisor requested a phone number in order to be able to send text messages.  That more formal communication was thought to be best conducted through email.  Interestingly, peer communication in the workplace via text messaging was viewed as acceptable albeit the exception not the norm.

One thing that really struck me was that this group appears to understand the difference between personal and business related communication preserving personal relationships through informal formats like text and using email for more formal ones. Both text and email are viewed as private (ie, one to one) although there was no expectation of privacy in company supplied email and pretty much consensus that company supplied email was for work-related activities not personal ones. 

The difference I see here is that those of us that entered the workforce "pre-email" have blurred the line between work and personal because we had no real convienient alternative for personal electronic communications.  Even if we had a personal email account, access was relegated to the home as very few companies had open internet access and even there connection speeds were slow.  My first email experience was at Arthur Andersen where we utilized Lotus Notes for internal messaging and collaboration.  It was a huge step to expose this platform beyond the four walls and enable external email communication.

This next wave of workers will have built its personal social relationships either through broadband connected personal email accounts (Gmail, Yahoo, Hotmail, etc.) and/or text messaging versus using the corporate network (and better bandwidth) to blur the line.  Effectively a more clear separation of what is appropriate for work versus what is for personal communication. 

Another interesting point made around site messaging or social networks like Facebook or MySpace (of which this group were limited users) was that they are viewed as more (too) public and not the place for meaningful interchange.  Almost a backlash against the amount of time spent and information disclosed on these types of services – certainly a contrarian point to current hype.  Also out of favor was instant messaging with several logged in but "invisible" using it as an alert service to be informed of the arrival of a new email.  It was viewed as too invasive and reinforces the point I made in Part 2 about connections on their terms.

So what you mean by “hedge” is what exactly?

I am a spectator of Wall Street happenings maybe due to the brief stint in corporate finance as an MBA intern, selling software to these firms, or just the sheer amount of entertaining, exciting, and sometimes terrifying news that comes out of capital markets.  I won’t rehash all the ills and spills related to sub-prime mortgages, CDOs, leveraged positions, poor oversight, Bear Stearns, Goldman’s Alpha and North American Equity Opportunities funds, or even today’s BNP revelations, but do have a rather simple question about the purpose of a "hedge fund."  From our friends at Wikipedia, I submit the following:

"They often hedge their investments against adverse moves in equity and other markets, because a common objective is to generate returns that are not closely correlated to those of the broader financial markets.
"

Hmmm…adverse moves?  Like we have been having?

As I understand it, what you get for your 2-3% management fee plus giving up 20% of your profits is a flexible investment vehicle (with light regulation) that can invest across a variety of asset classes both long and short all the while HEDGING against risk and the possibility of big losses.  It seems to me that a true hedge fund (or one worth that kind of fee structure) would have been prepared for the recent happenings and come out on top.  Here’s one such fund that bet correctly on the subprime mess and is up 240%Hayman Capital Partners.  Managing Partner Kyle Bass’ recent letter to investors is an interesting and scary read.

Listen to Brian Babineau from Enterprise Strategy Group on balancing email control with productivity

MessageGate released a podcast yesterday of a conversation I had with Brian Babineau of Enterprise Strategy Group.  Brian is a really great guy covering the broad topic of information management and ESG is a great firm to work with – if they cover your space, invest in a relationship with them.  They are more approachable and informed than many of the others out there.

Here’s the audio of our conversation where we focus on what to do now to begin to regain control over corporate email while not impeding or disrupting the current flow of business.

Download esg_messagegate_podcast.mp3

Generation Y and Electronic Communications: Part 2 – Constant Connection

Here’s the second post of three on this topic.  Being connected is not a new concept to any of us but the emphasis on being connected to be "in the loop" was interesting to hear and how this desire for constant connection is part of daily life.

If you do not have a mobile phone, you are disconnected and out of touch.  And we are not talking about the latest PDA or Blackberry but about a standard keypad flip-type phone.  The former were viewed as more for business people and generally the older set.  This group could get it all done by using T9 predictive texting language. This is consistent with how this group communicates at this point.  They are not sharing presentations and spreadsheets so the notion of having a full function keyboard for communicating is not top of mind.  Browsing the web via a mobile device did not come up either through my lack of direct questioning about it or the absence of this type of use.

There are very few, if any, places the phone doesn’t go and several could even text without looking at the keypad – quite a skill.  On the topic of email, there was consensus that they could not live without it but that it had a very defined, more formal role like communication outside of their closest personal network (professors, supervisors, etc.). 

Although constantly connected, this connection is on their terms versus face-to-face or even voice-to-voice with many opting to text versus talk.

Generation Y and Electronic Communications: Part 1 – Speed

We recently completed a series of focus groups with members of "Generation Y" or, more specifically, those that are finishing college and about to enter the workforce.  This segment has various definitions but those born between 1978 & 2000 generally fall into it – roughly 76 million folks.  This is a follow-up on one of the themes covered in our most recent MarketInsight on information security trends – younger workers will bring to the workforce a whole new dimension of productivity tools and associated security challenges. 

This will be a three part series covering what we discovered during the course of our research.

One of my open-ended questions for this group was "what is it that the older generation doesn’t understand about your generation and electronic communications?"

The answer was "speed." 

It’s not so much about multi-tasking as that certainly plays into it but more about the speed of communication and response.  Text messaging is preferred because it is fast, short, personal, and to the point.  It can be held in your hand and carried around with you (mobile phone) with no need to find a hotspot, wi-fi, or network connection.  Text provides a real-time interactivity unique to this set of future workers that is something current workers (i.e, older) don’t fully understand as they utilize email for these exchanges.

Even VC Fred Wilson did a recent post on this – "Texting beats Emailing."  Fred’s not a member of Generation Y but invests in them and hits an additional great point here about the absence of noise (i.e., spam) on this channel.  Here’s somewhat of a counterpoint to Fred from Mike Feinstein citing convergence of the two over time.

Symantec opens up Enterprise Vault for e-discovery

Symantec issued this press release today on its new "connectors" approach for third-party case management, review, analytics,
forensics
and desktop collection tools.  Enterprise Vault is widely deployed and there is pretty consistent pain around getting at the records you have so diligently saved.  We integrated to Enterprise Vault several years ago (v5.0 I believe) to provide policy-based classification and tagging as email records get archived (prior to ingestion). Adding meta-data to records as they are saved and using that additional information during retrieval now with a variety of supported third-part vendor tools is great news for EV customers.

Chasing records

Another "milestone" for baseball as Barry Bonds ties Hank Aaron’s home run tally of 755.  My status as a fan was impacted more by the strike in 1994 and subsequent cancellation of the World Series than by anything else (even WWII didn’t cancel the World Series).  I still love to go to a ballgame (even with $9 beers) and believe that the passion of baseball is best seen at the minor league level as this is where guys are still playing their hearts out.  I don’t have enough information to know if Bonds is a steroid junkie.  If it is all natural, I look forward to my own athletic peak in my early 40s.  Here’s an eye opening comparison of Bonds and McGwire over the years by looking at their baseball cards and has the catchy title of "Mac or Bonds: Who Roided It Up Better?"