Journey by Dmitri Dawkins

How’s The Economy? Ask the Bank

// November 5th, 2011 // 1 Comment » // Technology

I speak to my Grandfather who now lives in the US regularly and he always asks me how things are in Jamaica. Now I am no economist but I do like to analyse possible sources of data. While thinking about it the other day I realised that the banks more or less know the state of the economy before anyone else. Let’s look at the channels:

Debit and Credit Card Spending Data

Customer Address Data

Customer Cash Flow Data

Customer Salary Data and Company Payroll Uploads

Merchant Machines

Customer Loan Data

ATM Locations and transaction data

Most people bank with a single bank, so do most companies. Regardless of that fact, thanks to ATM’s, merchant machines and loans, banks have some access to other bank’s client info. I am not sure if banks already do this, but say you want a small business loan to open a business in an area. You provide a business plan to the bank outlining your target market and projections. The bank could run a report detailing similar businesses that their customers have bought from in the area, how many of their customers in the area match your target market and the spending power of people in the area based on ATM withdrawals.

Ever heard of Foursquare? It allows businesses to see who checked into their venue, great for customer service, but suppose the bank could provide you with a report on where your customers came from based on addresses linked to credit and debit cards? That info requires no user input besides their normal purchase. It could also show how often they come, how much they spend etc. This data is so valuable and can be shared without infringing on an individual’s privacy (as long as names and exact areas are not shared).

Currently some stores keep customer accounts which partially gives them this information, but what is the incentive for users to sign up? The more user input needed the lower the success rate of collecting the data. I also think individuals should be able to run reports on their spending habits. I try to carry cash as little as possible, so most transactions are done using plastic. Why can’t I run a report on where I spent the cash by category (food, auto, utilities) and where in the island or overseas (online vs. local). I should even see ads on my online banking showing me similar stores closer to my home (so I can save money and time travelling).

Overall Banks can provide reports based on industries and cash flow across the country based on their customer data. It’s what they use to decide where to install an ATM or new branches, it would just be nice to use it for other things as well.

Free Idea: What is your HWT Street Hustle

// October 31st, 2011 // No Comments » // Technology

How many of you have heard the song Street Hustle by Specialist? If you haven’t I have embedded it below.

I like it because it captures the street hustle mentality in Jamaica. Which brings me to my idea. While waiting  by Pavilion Mall in Half Way Tree, Kingston, Jamaica yesterday I saw trends. I was intrigued at the diversity of people walking around and as usual thought to myself what would I sell to suit the different groups. So then came up with an idea for a website or fb app for people to input data (their personal preferences) and an algorithm would decide what they would sell based on what products they use and their personality.

Personality questions would decide how much risk a person is willing to take and if they are looking for a long term or short term hustle. The products they use determine what they would sell preferably, because why would you sell a product that you wouldn’t use or endorse?

So if you use a lot of phone cards and drink soda, the app should recommend you sell soda and phone cards in HWT. However if you believe in health foods and need a hustle you can sell callaloo, banana chips and bag juices. Alternatively if you want to get rich quick then it may suggest you run a “cash fi gold” scheme. I think it would be fun, hilarious and share friendly once the algorithm and interface is well designed. No two people should get the same result once you include a wide range of products. Don’t forget to include social media share buttons!

I get ideas all the time and most I don’t have time to develop. Ideally I would like to give away an idea once a week for others to develop. It should be a crime for a “good” idea to go to waste. Good idea of course is based on opinion. If you use it please let me know!

How to deal with deceased friends on Facebook and Twitter

// February 7th, 2011 // No Comments » // Life, Technology

Earlier today while inviting friends to a new Facebook Page I had created I was once again faced with the profiles of my deceased friends. At first I didn’t know what to do and asked friends on Facebook. After doing some research I found the following links: A blogpost by Max Kelley:

….The question soon came up: What do we do about his Facebook profile? We had never really thought about this before in such a personal way. Obviously, we wanted to be able to model people’s relationships on Facebook, but how do you deal with an interaction with someone who is no longer able to log on? When someone leaves us, they don’t leave our memories or our social network. To reflect that reality, we created the idea of “memorialized” profiles as a place where people can save and share their memories of those who’ve passed. We understand how difficult it can be for people to be reminded of those who are no longer with them, which is why it’s important when someone passes away that their friends or family contact Facebook to request that a profile be memorialized. For instance, just last week, we introduced new types of Suggestions that appear on the right-hand side of the home page and remind people to take actions with friends who need help on Facebook. By memorializing the account of someone who has passed away, people will no longer see that person appear in their Suggestions. When an account is memorialized, we also set privacy so that only confirmed friends can see the profile or locate it in search. We try to protect the deceased’s privacy by removing sensitive information such as contact information and status updates. Memorializing an account also prevents anyone from logging into it in the future, while still enabling friends and family to leave posts on the profile Wall in remembrance……

The form for reporting a deceased friend on Facebook here: http://www.facebook.com/help/contact.php?show_form=deceased Twitter handles it similarly by requesting that you email them, but they close down the account:

If we are notified that a Twitter user has passed away, we can remove their account or assist family members in saving a backup of their public Tweets. Please contact us with the following information:

1. Your full name, contact information (including email address), and your relationship to the deceased user.
2. The username of the Twitter account, or a link to the profile page of the Twitter account.
3. A link to a public obituary or news article.

You can contact us at privacy@twitter.com, or by mail or fax: Twitter Inc., c/o: Trust & Safety 795 Folsom Street, Suite 600 San Francisco, CA 94107 Fax: 415-222-9958 We will respond by email with any additional information we might need. Please note that we cannot allow access to the account or disclose other non-public information regarding the account.

Now that I know what I need to do, I just need to face the music and submit as necessary R.I.P.

A BMW Motorcycle Story

// January 18th, 2011 // 3 Comments » // Cool Stuff

Just saw this on Youtube, thought I would share:

This is a photo story of my father’s 1958 BMW R50:
Boy meets girl, gets married, buys motorcycle. Rides it for 60,000 miles and has accident when wife is pregnant with 3rd child. (me) Wife orders motorcycle to be taken off road until all her children are grown and on their own. One day when bike is moved to a different storage location, son sits on bike and dreams of being a Jedi Master like his father. Couple grows old together and bike is not ridden for 40 years. Husband is now a grandfather of 7 and married for 50 years, when he dies of a stroke at age 71.
Son looks over the old rotting machine and finds note attached to it from his father to him. Son decides to restore the old 1958 BMW R-50 as a tribute to his father. With the help of many friends, especially Peter Nettesheim, world renowned BMW collector, bike is restored to look even better than it did when it was built in Germany.
Watch it at 720p in full screen for best quality.

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All The Best for 2011

// December 31st, 2010 // 3 Comments » // Life

Hi Everyone,

This is an open letter to everyone with a dream. If there was one thing I learned about 2010, it is that all time is relevant and precious. Never before has time been such a limiting factor in my activities. It points out that if you want to get something done, then do it and if it works get a team to help manage it!

As time goes by don’t forget to learn something new every day. I have learned more this year than a combination of years before. Most of all, remember to learn from past mistakes

Don’t coast through life, live it! Without passion there is no life, if you have no passion then I encourage you to find it ASAP!

Stay disciplined! I am talking about sticking to the plan, making the effort to get it done. I used to cringe at my mother always saying I have to keep all the balls juggling, but it truly is the only way, it is the only way to get it done, but as I mentioned above, you don’t have to do it all by yourself, build a framework for support before you need it. Also remember there are always exceptions to the rule, when you see opportunity, grasp it!

Appreciate your friends and family. This year I lost a close friend, it was a huge shock and very unexpected. I have also had very little contact with my father. Tell those close to you that you appreciate them and show it as much as possible. Never take a person for granted, be a help not a bother.

Nothing in life comes easy, someone had to work for it. If it came easy for you then thank those who made it easy for you and if the road is hard thank God for strengthening you. Remember perseverance is key, don’t give up! Also don’t make life complicated for yourself, avoid drama and keep it as stress-free as possible.

Give back as much as possible, not necessarily money, but time and even common courtesy, remember we are all human regardless of background. All the best for 2011, to you and yours.

Dmitri

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