Technology As Innovator

I just received a question from Darren Rowse from Twitter today.

So to answer his question, I’d like to share what I’m thinking:

1. Investment in emerging markets

The reason is that emerging markets behave in a different way from those of developed countries. Theory of macro-economics or technical analysis cannot be applied without customization. I’d wish somebody would write about this topic, beside Nam Le at Cofieu

2. The career of a Financial Analyst, especially in Fund Management, Banking and Securities

…Because this is my chosen career path.

I do read Jason Vu’s and Khoa Pham’s blogs regularly though.

How about you? What is your answer to the question?

Yahoo! just released Yahoo! 360plus Vietnam, the blogging platform-social networking hybrid that is expected to replace its Yahoo! 360.

The Vietnamese version is developed based on its HongKong counterpart, and many R&D activities are done in Singapore.

Additionally, Yahoo! is planning to open its office Vietnam, rather than managing remotely from Singapore like currently.

Overview functionalities

Generally, it takes current features of Yahoo! 360 and merge with functionalities that are common across many blogging platforms.

The server(s) is still located outside Vietnam.

No real innovation has been observed.

It’s worth mentioning that in recent years, Yahoo! has focused more on branding, while Google on products and Facebook on user experience. Result?

About Vietnam market.

There are now 20 million Internet users in Vietnam, most of whom are young people under 25.

The Vietnam market is the 5th largest market of Yahoo!

Vietnamese Internet users depend heavily on Yahoo! Messenger, Yahoo! Mail and Yahoo! 360. The number of Yahoo! 360 accounts is approximately 2 millions, comparing with 5 millions users of this service worldwide.

Yahoo! is trying hard to maintain its user base and seek to acquire even more by launching its new platform.

Yahoo!’s competitors in Vietnam

Social networking

Facebook is increasingly spreading in the English-speaking, tech-savvy communities.

yobanbe from Vina Game

tamtay, a MySpace clone

Vietnamese cyworld

faceViet, a Facebook clone

Blogging

Some, frustrated with the buggy 360, have switched to other blogging platforms including blogger, opera, multiply. A small number of techies endorse WordPress

The local ngoisaoblog service

***

Addendum: my initial feedbacks to Yahoo! 360plus Vietnam team.

Improvables

1. How do I communicate with friends who don’t read Vietnamese with Yahoo! 360plus?
2. No option to return to Blog Homepage but only Master Yahoo! 360plus Homepage
3. No feedback option
4. No FAQs
5. Font size not consistent in Firefox
6. Translation
7. I choose two-column theme with the hope that width of the main column will be larger. However, my assumption was wrong, as width is still fixed.
8. Some formatting HTML tags don’t work. i.e. headings
9. Only jpg images are allowed.
10. No auto-invite option.
11. Javascript not supported

Improvements from Yahoo! 360

1. In Firefox: Enter gives paragraph break, not line break as in Yahoo! 360 (like that of WordPress)
2. Favorites are displayed directly in the blog page.
3. Person tagging in the entry (like that of Facebook)
4. HTML for comment (like that of WordPress)
5. Extraction (like that of WordPress)
6. Edit time for entries (like that of WordPress)
7. Draft (like that of WordPress)
8. Categories (like that of WordPress)

We thought Web Service was good. It certainly is!

Web Service has brought the economy to the web. There is no need to repeat what Amazon, eBay, Yahoo! and Google all have done.

Web 2.0 and a different approach

But another approach is rising fast. Web service providers now make their product a Web Platform.

They build up a very good core based on solid philosophy. Then they provide API for developers to build applications on.

Browser

With their defeat by Microsoft Internet Explorer 5.5, Mozilla temporarily withdrew and launch their next hit: Firefox.

As in September 2007, market share of Firefox reaches 35.4%, according to W3C.

One important reason why Firefox has become this popular is due to its extensions gallery. A huge collection of well-done small web services are offered for free by developers worldwide.

Many of Firefox extensions are done to support other web services such as Google Search, Blogging, del.icio.us, StumbleUpon, digg, Amazon, eBay.

Gradually, the browser becomes one of the largest centralized points of the web.

Social Networking

Talking about Social Networking today, we have to praise Facebook immediately.

Facebook is also doing very well to provide their API so that applications can be developed on a very good and mature skeleton.

Most successful Facebook applications support networking purpose such as free gifts, messages, testimonials, collaborative games.

The goal of a social networking site is to become the home of as many activities of users as possible.

Content Management Systems

WordPress, Joomla, phpBB have been building communities around them.

Themes allow personalization.

Plugins allow customization.

Most of all, the platform allow monetization.

Conclusion: Web Platforms

Looking at these obvious examples, we see that Firefox, Facebook, WordPress et al offer a very solid and useful core and highly flexible and open API on which applications, extensions, addons, plugins, themes can grow and develop.

They have become Web Platforms to Web Services.

These Web Services in turn make the Platforms new and ever-changing.

Future: Information Depot

In near future, or maybe now already, we’ll see these central points become Information Depot in Semantic Web.

When a web seller wants to approach specific market segment, it should know what and how the potential customers are like. How? From Information Nodes such as e-Commerce sites and Social Networking sites. It would go to Amazon to get information on the customers’ buying preferences, and go to Facebook to get information on the customers’ networks and personal interests.

Can you imagine what happens next? These Information Depots will be able to manipulate the information in whichever way they prefer, not limited to making the information available, for prices.

Conclusion

We’re moving from separated glamorous isles to metropolitans on the web.

You will be able to do many things on a single website. Enjoy the sweetness it brings, while not lowing your guard on diabetes.