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Who is a fraud?

on March 11, 2013

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"If you see fraud and don't shout fraud, you are a fraud." - Nassim Nicholas Taleb (who Independent calls a superhero of the mind)

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Culture is key: Interview with an inventor

California-based Pelco by Schneider Electric is a world leader in video security systems. Kshama Vijayakumar, who earlier was in my team at Cognizant, is now an inventor at Pelco. Here's what she thinks about invention, inspiration, and impact. 1. What are your inventions? My patented invention is a "Method and Apparatus for Creating a Zone of Interest in a Video Display." The method includes creating zones on a video. A zone can be a person or an object of interest. The customer can focus and select it to view it separately. I also have two more inventions filed for patenting. 2.What inspires you to innovate? I really love what I do. A desire to make the user's life easier drives me to work everyday. So I guess my passion is what inspires me to innovate. The work environment at Pelco and the people here are also a big motivating factor. 3. How does innovating and winning patents change your career? What do they do to your employer and c...

Where he once collected food stamps, Jan returned to sign a $19B deal

Jan Koum toiled at Yahoo for nearly ten years. His attempt to get a job at Facebook was turned down. Jan developed WhatsApp. The number of users quickly surged to hundreds of millions. This time Facebook bought his firm for $19 billion – the most expensive acquisition ever for a venture-backed startup. Jan signed the deal papers at the site of the social-services office where he once stood in line to collect food stamps. This only happens in the US!

And the trend is: Thinkers and creators are becoming the source of business value

Human capital is growing more valuable every day, in every business. An increasing number of people are becoming thinkers and creators. Even a manufacturer like Stryker gets 70% of its value from intangible assets (derived from human capital). As we know, intangible assets largely reflect human creativity and include like innovations, patents, copyrights, brands, and goodwill. " They are by far the biggest source of business value ," says Geoff Colvin in Fortune, March 15, 2015.