Network Externalities

I had no idea what really is Network externalities before conducting this course. I leaned that“Network externalities” means that there are benefits if many people use the same thing.
The more people who adopt a particular technology, the more valuable the technology is for the other users. For example, the more people who have a telephone, the more valuable telephones are to everyone else. Another similar example is email: the more people who have access to email, the more valuable it is to everyone else.The more people register onto a social network website the more people useful the website is to its registration. Apple could be another example. The iPhone 4 has proven to be a popular item in China since its launch last weekend.


China Unicom sells 100,000 iPhone 4s in first four days. IDG News Service reports that China Unicom has sold nearlyjavascript:void(0) 100,000 iPhone 4 units over the last four days. On Tuesday, company Vice President Li Gang told reporters that the carrier had essentially sold out of its first shipment.

website: http://www.macworld.com/article/154419/2010/09/iphone4_china_100k.html

Google Real-Time Search

Real-time Search lets you see up-to-the-second social updates, news articles and blog posts about hot topics around the world. Google says that the service saves two to five seconds per search, and helps users refine their queries by providing instant feedback.
This company provide a real time results by scanning news headlines, blogs, and feeds from Facebook, twitter, and other sources.
It is great to see Google improving their product and getting involved in the real-time space.

Video:
http://www.youtube.com/watch?v=iSRlXUyJjEQ&feature=player_embedded#at=54

Technological innovation

Multi-touch

Innovation is all around us in the technology world. I believe that many people in today's world are now familiar with the word Touch Scream. Touch screens in mobile phones, mp3-players, laptops, GPS-navigator - now it is reality. The iPhone was the first device to really bring capacitive touch screen touting phones into the spot light. Many experts believe that this sensor technology will change our lives in the next 10-15 years. Touch screens have become an integral part of any modern equipment.
Apple has introduced a new touchscreen iPod nano with multi-touch technology, which means the end of the click-wheel era for the nano.
video: http://www.cnn.com/video/#/video/tech/2010/09/14/nr.an.inventors.paradise.cnn