You think it is simple, but if you have been in photography like me (1975), that question becomes easier to comprehend, but explaining that becomes harder, I get that. Distractions, obstructions, light and focus are 4 basic elements of missing a detail, optionally several details. Yet the professional photographer learned not to be hindered by obstructions and to adjust for focus and light, which leaves the focussed photographer and the photographer. So the focussed photographer can make the ‘snatch’ shot and the photographer merely looks for a tissue. Seems bland and crude but this example matters.
To see one application, we need to turn to ‘Telstra, NATO and the USA’ (at https://lawlordtobe.com/2018/06/20/telstra-nato-and-the-usa/), an article I wrote in 2018 “unless you work for the right part of Palantir inc, at which point your income could double between now and 2021”, the shares were at $9.69 and ended last night at $23.18, basically I saw that coming a mile away. And that is not all, there are several avenues where their value should at the very least double within the next 19 months. It is the flaws we set ourselves up for and when the stupid people (loud mouthed politicians) realise that their loud mouths will require data, Palantir is close to the only option they have.
That article has a few more connections to what is to come, the most important part if 5G and there is a lot going on (at https://www.gadgetguy.com.au/australian-5g-speeds-truth-revealed/) in Australia. Gadget Guy gave us last week one take (not the highest quality source), but they do give us “There are two issues for Australian 5G speeds. The primary is that despite Telstra insistence that it covers 50% of Australians and 75% of the population by the end of June, it does not! nPerf (based on real 5G user’s) shows minimal reception. The second is real download and upload speed. While the average is 240.9/15.5Mbps Mbps, it is well short of Telstra’s hype – so fanciful we won’t embarrass it by mentioning it’s up to 20Gbps claim debacle when first introduced”, oh hold on, did I not give you “The problem is that even as some say that Telstra is beginning to roll out 5G now, we am afraid that those people are about to be less happy soon thereafter. You see, Telstra did this before with 4G, which was basically 3.5G” with a reference to ABC in 2011 on how Telstra was BS’ing the population on the 28th of September 2011. So thats two elements where we see that their ‘photographers’ ignored obstacles, blamed the lens makers for focal points, the sun for shining to brightly and they all went running for their tissues. They audience got distracted (as I personally see it) by all the baubles that they were offering. It worked in 1700, so why not in 2021? Yet CMO gives us 2 days ago (at https://www.cmo.com.au/article/688024/tourism-australia-7-eleven-telstra-balancing-data-driven-engagement-consumer-consent/) “Panel of digital executives share the role of first-party data and personalisation in their customer experience approaches against consumer consent and control of their privacy”, a setting where we might see that a panel of 5 are slicing the new currency (data) cake in a way that THEY are happy with, all whilst we are told “the key is to balance data sophistication as a business with consumer controls and transparency. He also noted the varying levels of control and regulation around using data across geographies such as Europe versus the US, which the tourism bureau is operating in”, yet the answer which was not really an answer is about ‘balance data sophistication’, all whilst ‘consumer controls’ (for the consumer) will be as nonexistent as possible. We might not get that when we see “invest in first-party identifiers as well as a unified ID for the tourism industry that can be leveraged”, yes but to what extend it is leveraged is never stated, merely implied, the additional ‘unified ID’ would have a much larger impact, but that too is never stated, they all want as large a slice of that data pie and Cambridge Analytica has made them very very cautious.
These two elements are merely that, elements. Yet the underlying data there will require analyses and whilst some will claim that they can, Palantir is close to the only source that actually can analyse the whole lot and that is what I saw coming a mile away.
A linked small digression
You see it takes a massively large level of stupid (and greed) to cater to this, but I believe that the EU (Margrethe Vestager) is trying and optionally succeeding in pulling this off. She is all about “European Commission anti-trust regulator Margrethe Vestager tweeted that “consumers are losing out”. It relates to charges brought two years ago by music streaming app Spotify which claimed that Apple was stifling innovation in that industry”, you might think that, but I do not. You see the article (at https://www.bbc.com/news/technology-56941173) gives us “It relates to charges brought two years ago by music streaming app Spotify which claimed that Apple was stifling innovation in that industry”, no it had set a premise to all (which it does not), all 23,000,000 Apple developers. It set a premise where they could develop whatever they want whilst having zero deployment cost and they would be charged as they gained incomes, so not the $75,000 upfront to get started, but after the fact and with no time limit. As such wannabe innovators flourished. It never stifled innovation, it limited greed. So whilst we see the painting of bad bad evil Apple, no one is looking at the fact that Spotify is paying artists HALF of what Apple and Google pays them, it amounts to $0.0032 per stream, so to make 1 cent, the song needs to be requested 3 times. This is why I still buy music, at least the artists I care about will get a much better slice.
And when we see the image where they are now CHARGING for algorithms, all whilst they made a brute gross profit of $575,000,000 in Q4 2020, I think that the EU commissioner is massively loopy. You see, this is about consolidating greed plain and simple and in the process it will endanger consumers (the ones she claimed to protect).
The image is merely one element of greed, it goes further. That part is not directly seen, but the BBC does give the goods with ‘The ransomware surge ruining lives’ (at https://www.bbc.com/news/technology-56933733), there we see “Ransomware gangs are now routinely targeting schools and hospitals. Hackers use malicious software to scramble and steal an organisation’s computer data”, in this the larger stage is not merely the theft, it is how they use larger systems to spread across all the internet and with 5G that danger becomes 5,000%. You see people like Spotify, Epic Games et all want to be outside the Google and Apple store, but they will limit protection (they will call it something else) and when the consumer ends up paying for that, we will get to see all kinds of apologies, but it was not entirely THEIR fault. As such I say, when you get hit (and you will) make sure that as you sue Spotify for damages, you add Daniel Ek and Margrethe Vestager to the culprits of your damages. Organised crime is getting better and better in walking away and as such their greed must be addressed in courts and their approach towards a ‘too big to fail’ setting must be answered, the data will be out there and s such players like Palantir will make even more money, it will be all about the data from 2022 onwards, in this the OCCRP their 2021 serious organised crime threat assessment where we see “The threat from cyber-dependent crimes is set to further increase in volume and sophistication over the coming years”, and in this stage Margrethe Vestager is willing to open the floodgates towards greed driven idiots setting the stage for organised crime getting more? You think that will ever be a great idea? I think not.
And it does not stop there. The fact that the exchange hack was hard to detect for a long time, some hacks were out in the field for years and now we see greed driven idiots scale away the two decent bastions of protection that consumers have (Apple and Google) and let others skate around them? How long until we see some corrupted Amazon like app via a phishing spree be offered to millions. By the time some will have a clue billions will have been shifted and who pays for that? Insurers? I very much doubt that. As such these two will be required to sit in the dock explaining their catering to greed. You see if Margrethe Vestager was really about the consumers, she would also be about protecting the artists and where is it acceptable that they get one third of a cent for a song? Is there more? Yes, but I will admit that this is part speculation. The BBC article gives us “The UK’s National Cyber Security Centre, also a member of the Ransomware Task Force says it handled more than three times as many ransomware incidents in 2020 than in the previous year”, you see paying a bitcoin is only one part, the data can still be shared with others and as data become currency the damage setting goes up by a lot. The dangerous part is that commissioner Vestager knows that the law and policing are not up to the task and she is catering to someone with dubious greed needs? One that underpays artists by what I consider to be as close as criminal levels of renumeration? And in my mind, some excuse ‘If we get this they get more’ does not float, in that setting their business model was wrong from day one, in addition, the entire algorithm setting shows a larger exploitation to kindle greed and leave an artist with less. So how accomodating to EU consumers do you think Margrethe Vestager actually is, that in opposition to catering to greed driven players? Apple and Google might not be god, not great but they agreed on a format to keep their consumers safe all whilst giving an option for starting developers to score big, the fact that these players were not as good as they hoped they would be and as they relied on advertisement to push the players is a mere side effect, but without these store protection, the mess will be close to unimaginable and players like Palantir will have the data and the greed driven players (as well as some not too bright politicians) get to defend themselves in the dock against lawyers with massive class actions. When that happens, be sure that you have stocked up on popcorn, because it will be worth watching. It will be reality TV with lots of fake tears and CEO’s claiming that they did not know certain things and watch their fortunes dwindle. It will be a much better class of reality TV for some time to watch.