March 8, 2001

contents

        Quote:
      Get a clue
        What's New:
      FBI Warns re: Internet Extortion
        Web Term:
      Data Mining aka "knowledge discovery in databases"
        Background:
      Wireless Internet Booming in Japan    
        Background:
      Top Women on the Web!
        Site Reviews:
      Upside.Com
      CEO Refresher
       
        Ripple Rock:
      An "ideal" engine?

      quote of the day

      "It's time we moved beyond fear, greed, happy talk and lip service. The leaders of the future will be comfortable telling the truth, being authentic, listening deeply, and caring. They will know that humaness and business are fundamentally connected, and that quality, ethics, honesty and service are not seditious but fundamental to success - the price of admission. Our new leaders will be comfortable with the new conversation, and will create enterprises that unleash creativity, spirit, talent, pride, value and profits. Most business leaders today need a serious 'head twisting' to get it - but get it they will - hopefully in time. " 

       - quoted from the book "Cluetrain Manifesto: The End of Business as Usual"
          by Rick Levine, David Weinberger,  Christopher Locke,  Doc Searls

      what's new

      FBI Warns Businesses about Internet Extortion Attempts

      SAN FRANCISCO – The FBI and other law enforcement officers are warning businesses about an ongoing series of Internet extortion schemes operating from the former Soviet Union that have so far broken into the computers of more than 40 businesses in 20 states, stealing information about millions of credit cards as well as other consumer data.

      But independent security experts, while describing the problem as a real one, privately questioned whether the attacks being described were new ones.

      The hackers are believed to live in Russia and the Ukraine, and are attacking companies with operations on the Web, including many banks, say several people with knowledge of the investigation. Once information from the computers is stolen, the businesses owning the machines are blackmailed into paying money to keep the attacks from happening again. Some companies are said to have paid hundreds of thousands of dollars to the hackers, often in the guise of hiring them as security consultants. In some cases, investigators believe that even after payments are made, credit card data was sold to organized crime figures.

      Source: http://www.thestandard.com/article/display/0,1151,22721,00.html

      Cybersister's Comment

      This is another security wake-up call for those of you who may be running (or investing in) e-commerce businesses. If the site isn't secure, you may have a major liability waiting to happen. Now, I am a believer in the advantages and viability of e-commerce, but that doesn't mean that there aren't risks attached to it. Would you leave your office doors unlocked or not install a security system to protect valuable equipment? The same logic applies to computer security. There are good security products and services out there, so it may be time to invest in some.

      terms
       
      Data Mining aka "Knowledge Discover in Databases"
       
      Data mining is a kind of database analysis application that uncovers patterns in a collection of data. For example, data mining software could analyze data from your companies’ customer files and identify customers  with common buying patterns. The term is sometimes generalized and used to describe software that presents data in new ways, but true data mining uses statistical and mathematical techniques to ‘mine’ the data for previously unknown relationships. Using these sophisticated techniques, data mining can provide managers with educated predictions of future patterns and trends based on current and historic data. Some of the ways that data mining is used by businesses include: targetting prospective customers, identifying cross-selling opportunities, and increasing sales productivity and efficiency.
       
      CyberSister's Comment
       
      We originally commented on this in our Aug/99 issue. (once again, we are ahead of the game, but that's what futurists are supposed to do, isn't it?). However, the concept seems to be gaining momentum and applications, and more interest among software companies, e-commerce companies and technologists, so we thought it needed to be brought up again. After all, it was included in the list of the top 10 technologies that could change the world  (in our Dec 2000 edition).
       
      Huh? A boring old database application changing the world? Well, data mining, also known as knowledge discovery in databases (KDD) is a rapidly emerging technology that lies behind the personalized Web and has a lot of corporate applications. See the article in technology review for a great discussion of it. Some of you might be interested to know just how much interest it is generating in the corporate world.
       
       
      terms

      Wireless Internet Booming in Japan
       
      The number of Japanese wireless Internet users totaled 31.41 million at the end of February, up 2.16 million from January, the Telecommunication Association said Wednesday. The organization noted that the number of wireless subscribers in Japan rose to 62.57 million last month.

      Leading wireless service provider NTT DoCoMo said it had signed up 20 million users for its i-mode mobile Internet service.

      NTT DoCoMo, which plans to launch i-mode in Europe later this year, will use the platform as the base for its future high-capacity wireless Internet services.

      Source: www.allnetdevices.com

      CyberSister's Comment

      Very interesting to note the differences in how and when industrialized, high-tech countries are adapting to technology. In the US & Canada, the wireless Internet is just slowly catching on, but in Japan there are already more than 31 million users.

      I guess we can see why Palm is inking deals in Japan left right and centre to see its PDA units become the wireless Net access devices of choice. In the States, it seems to be facing stiff competition from Microsoft's PocketPC device, but has adapted a different strategy in different parts of the world. That's global, new economy type thinking.

      I think wireless will eventually catch on just as quickly in North America, but it will still take a long time to catch up to the kind of numbers/percentages already in Japan. Smart companies see opportunities elsewhere and adapt to the market they're in, instead of hoping everyone will just adapt to their way of doing things.

      terms

      Top Women on the Web!

      In honour of International Women's Day (March 8, 2001), we thought we'd provide a link to an article talking about the 'top women on the web',  singled out for their achievements and contributions to the Internet.

      The awards were given out by the San Francisco Women on the Web group. The group included a wide array of tech positions, ensuring that some women's extraordinary efforts within the community weren't ignored in favor of the high-rung exec positions typically covered in the media.

      Way to go from the CyberSisters! 

      Source:    http://www.upside.com/Ebiz/38e39e440.html

      site review

      Upside.Com
       
      Financial News with a Technology Focus. Want to hear the latest about Yahoo's woes? How HP is struggling with price cuts? How Oracle's investors are reacting to its latest press release? Read about it here.

      The CEO Refresher

      Great stuff here! I really enjoyed its insights into management, leadership and risk taking. I found our "quote of the day" in the "cluetrain manifesto"  article. Their tag line is "brain food for business" - every once and a while I think I need a little brain food, and I found some here.

      ripplerock

      What's a Ripple Effect Rock? Well, think of a rock thrown in a lake, and how the water ripples outward. This section of the newsletter covers developments and technologies that we think might soon cause a "ripple effect" in business or society.
       
      Inventor's clues fuel talk that ideal engine is near
       
      New Hampshire inventor Dean Kamen, who sparked worldwide excitement in January when word leaked of his mysterious new invention, code named ''Ginger,'' appears to be working on a revolutionary engine that could introduce an era of cheap, efficient power.

      Investigative journalist Adam Pennenberg, author of a book on industrial espionage, said yesterday that he has found clues that prove Kamen is working on a Stirling engine, a device that engineers have been trying to perfect for more than a century.

      If Kamen, a well-respected inventor, has made a technical breakthrough that would allow him to create small, relatively inexpensive Stirling engines, engineers said, the effects would be far-reaching. In theory, every home could generate its own cheap power with a device the size of an air conditioner that uses natural gas, drastically cutting down on the waste inherent in the electric grid.

      An advanced Stirling engine could have wide applications and could literally change how humans use power - bringing its inventor incredible riches.

      Source: Boston Globe

      Cybersister's Comment

      According to the article, Stirling engines are extremely fuel-efficient and very clean-running. However, they have been expensive, and hard to operate (at least, up until now, presumably). The buzz around this rumoured new technological breakthrough is in its ability to facilitate distributed power generation. In theory, with this technology, every home could generate its own cheap power with a device the size of an air conditioner that uses natural gas, drastically cutting down on the waste inherent in the electric grid.
       
      I bet this is something Californians would be extremely interested in right now :) Alternative fuels are an idea whose time has come!
       
      That's it for now! Have a great week!

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