Mayo615's Odyssey to France Week 6 Report
Channel: Mayo615
Date: 09/05/2019

Hello!       
…and welcome to the Week 6 Update of Mayo615’s Odyssey to France. 
I have been thinking about last week’s update and the convergence of IoT market requirements and the technologies necessary to meet those market needs. The concept of convergence is also a general market rule. My definition of “convergence” states that market needs, technology capabilities, cost, and willingness to pay must all be in alignment for an idea to succeed.  Sounds straightforward enough, but I have personally seen many cases where convergence was inadequately considered, not considered at all, or dismissed. Keep in mind that more than half of technology startup failures occur due to the lack of one or more aspects of convergence, and inadequate market and technology analysis to identify the problem.
I want to direct you to my website mayo615.com and my post there entitled The Importance of Convergence. In that post, I discuss three prominent failed Silicon Valley companies whose technology did not match to the market need primarily because the technology was not sufficiently mature and ready for market at the necessary price point.  Those companies were: Silicon Graphics, iBEAM Broadcasting, and P-Cube. iBEAM may be the most interesting. It was the precursor of YouTube, with Intel and Microsoft backing. The problem was that the Internet at that time was essentially incapable of delivering high-quality streaming media.

That’s my technology update for this week. We look forward to your comments and questions. We will respond to all comments and may feature comments in our update videos. Click here now to SUBSCRIBE