Uberification and peer-to-peer service – Future of world Economy!

Uberification and peer-to-peer service – Future of world Economy!

The Uberification term never existed until ‘Uber Technologies Inc.’ came to the limelight with the peer to peer service! Uber – the largest taxi aggregator in the world showed the world ‘ Peer-to-Peer ’ service [OR] the shared economy concept.

Peer to Peer service
‘Uberification’ refers to on-demand mobile services for every single need of mankind. Uberification is not limited to Uber Technologies Inc. as a whole.The more general term ‘Uberification of the Economy’ can be visualized which had led to a drastic rise in the peer-to-peer service in the world.
Some of the service aimed at Shared Economy concepts:
Uber for – scooters, Private jets, babysitters, dog sitters, Booze, property etc.. These businesses are not Uber-owned, yet the concept underlying is simply Uberification.

Why use Peer to Peer Service?

1. With Peer to Peer service, you can monetize anything and everything!

Having an unoccupied room in your house? you can simply sign into Airbnb [History of Airbnb]and monetize your room!
[Or]
Want to lend some money, but couldn’t satisfy the bank rules? You can always lend money from peer-to-peer banks such as SocietyOne.
Now, that’s cool.

2. Peer to peer service saves your time!

The time you would spend roaming around the store, waiting for a cab, finding a babysitter etc.. would be made minimum. Make an order via any food delivery App and get your food delivered at your home or office at your own convenience. This along with live tracking of your order makes life look cool and special.

3. Peer to peer service provide greater accountability:

Gone are the days where you keep a dedicated note of all your spendings! With greater account handling, these online services make perfect account of your spending! There’s no more chance for your account nightmares anymore!

Top reasons to avoid using peer-to-peer service:

1. You become lazier than you are now!

With anything and everything, just a few taps away from the mobile, you tend to become lazier.

2. You don’t experience the real world shopping with your close ones!

Yes! Shopping is fun with your friends or your closed ones! A recent study shows rising of in-app purchases, you tend to fall a space from your relations!

3. Your mind is set! And you find no other option!

With greater accessibility to services via apps, you fail to tackle the situations in the absence of apps. You have less awareness about the non-app method of doing things!

Sure, Uberification had created a revolution! With Mobile Crowdsourcing and instant feedback from users, Peer-to-peer service improve and provide a fab experience to the users!
Uberification of Economy had got its own future! What do you feel about the shared economy concept?
Blow-up your views in the comment section below!

Digital Disruption – 7 Signs it had occured

Digital Disruption – 7 Signs it had occured

A Digital disruption is said to have occured when new Technologies and new Business Model ideas take over the existing one. The Following 7 Signs Prove that Digital Disruption had occured in the past 6 years and is actively replacing the previous Business Models.

  1. World’s Largest Taxi Aggregator owns no ‘Taxis’ – UBER Technologies Inc.
  2. Uber Technologies launched in 2009 by Travis Kalanick and Garrett Camp made a huge revolution in transportation sector – The Taxis. After the release of Uber App in 2012, Uber grew internationally just because of the unique app based business model.
    By late-2015, Uber was estimated to be worth $62.5 Billion.

  3. Largest Accommodation Provider Owns No Real Estate – Airbnb
  4. ‘Airbnb’ alias ‘Air Bed and Breakfast’ is a platform for people to list, find and rent accomodation and lodging. Founded in 2007, Airbnb created a huge impact on real estate industry with 1.5 million listings all over the world. Airbnb works on commission model.It is now the largest Accomodation Provider known.

  5. Largest Telecommunication Companies owns no Telco Infra – Skype Telecommunications :
  6. Skype was founded in 2003 and got acquired by Microsoft in 2011. Skype allowed users to exchange text and video messages, files and images, as well as create conference calls. The Carrier companies lost a potential market on International calls after the intervention of Skype. The Technology that made international Communication much cheaper promoted a digital disruption.

  7. World’s Most Valuable Retailer Owns No Inventory – Alibaba Group Holding Limited:
  8. Alibaba – The Chinese E-Commerce giant provides B2B,B2C and C2C sales service via web portals. It was founded in 1999 and had a rapid expansion in past few years. Owning a Business Capital of whooping $145 billion dollars, Alibaba group stands out with varied chain of services. It includes its own mapping services,own payment system – Alipay, own Cloud Computing platform – yet owning no inventories.

  9. Most Popular Media owner owns no content – Facebook Inc.
  10. Facebook founded by Zuckerburg in 2004 showed the world a rapid social sharing platform. Killing its then known competitor Orkut by introducing the ‘news feeds’ feature, Facebook topped the social media platform. Today facebook has become a part of life among millions of people.

  11. Fastest growing banks owns no actual money – Society One.
  12. Society One – The online peer-to-peer lending Business model made investing or borrowing Personal Loans much simpler. Launched in 2012, Society One had created a huge disruption with its unique financial solution for unsecured personal loans. The key characteristics of peer-to-peer lending Model was that loans were unsecured and are not protected by government insurance.

  13. World’s Largest Movie Streaming service owns no cinemas – Netflix Inc.
  14. Started in 1997 by Marc Randolph – By 2009, Netflix was offering a collection of 100,000 titles on DVD and had surpassed 10 million subscribers.In October 2015, Netflix reported 69.17 million subscribers across the globe,out of which 43 million users were from United States.