Thursday, 24 January 2013
Will the Cloud Prevail?
A couple of Cloud developments have come to my attention recently. The first was an announcement of the coming of Mega offering hugely more free storage than any other service I've come across. The second was a lot of noise about Dell's Project Ophelia which is clearly going to depend upon Cloud resources. In between, there was a post from Dick Eastman, a well known American genealogist, musing upon the pros and cons of Cloud storage. Dick says he uses the Cloud to back up his data (I bet he has a lot) but that he also keeps a physical backup. I have a lot of sympathy with this view. At present I don't use Cloud storage for my genealogical research, although I have used Dropbox for file sharing when working with colleagues on projects. To rely solely on the Cloud one is putting a lot of faith in a rather remote provider! Mind you, this traffic has given me pause for thought. All my genealogical data are backed up to an external hard drive and nearly all the source material is also on paper - but it's all in the house so there are a number of common mode loss scenarios that would be disasterous. I think I may just follow Dick's example and store a set remotely. And I don't mean on any of the "dedicated" sites such as Ancestry or Genes Reunited. These services worry me with respect to (a) picking up details of living relatives and (b) misappropriation and misuse of my research. I have suffered from both in the past, when I was somewhat more naive and cavalier, and it's not something I wish to have repeated. So, the Cloud will be useful but I don't see it as a panacea for all.
Monday, 21 January 2013
E-book or Paper?
Last summer I acquired a Kindle and took all my holiday reading on it - really helpful as I normally pack 4-5 books for a 2-week stay. It was also brilliant for down-time while I was a volunteer driver at the Olympics. So far, I've only used it for novels - I have an unwritten rule, seldom broken, that I will not reread novels because there's so much that's new out there. However, I still buy good old paper when it comes to non-fiction. I was therefore interested when two separate posts on the eboook vs paper debate crossed my screen.
They come from Nicholas Carr and Josh Catone. Both make some good points, though I think both are also driven by nostalgia and one wonders what attitudes will be like when this generation is no longer in the ascendancy. Much has been made of the economic differential - ebooks do tend to be priced below the physical artifact, and it's easy to see that publishing costs will be lower, but the ebook price-point is often not that far below paper (is the margin consequently much higher?).
I have some sympathy with the arguments about beauty and attachment. I purchased Umberto Eco's "The Mysterious Flame of Queen Loana" a few years ago and I cannot imagine an ebook being a suitable substitue, for instance. Conversely the latest novel I have read is Patrick deWitt's "The Sisters Brothers" and I cannot believe that I lost anything by reading it on the Kindle; I will not read it again, I see no reason to have a copy cluttering up my book shelves (already groaning and in need of extension) and the only real downside is that I cannot give it to someone else.
Two other books that I've purchased in the last couple of years are second-hand: William Bodham Donne's (my great great great grandfather) "Essays on the Drama" and Catherine Bodham Johnson's (my great grandmother) "William Bodham Donne and His Friends". Both books have hand-written dedications by their respective authors on the fly-leaf. Somehow, possessing WBD's Kindle (had they been around in his day) would have nothing like the same allure.
Finally, I mentioned still buying physical non-fiction. The main driving force here is the ease of dipping in and out, referring back and forward, and using a book for research or study. Ebooks just don't do this for me. Now some may argue that it's just that I haven't learned how to do it efficiently with the electronic version but I just know that I find it so much easier to hold three or four positions in a paper book with my fingers so that I can rapidly cross refer. 'Nuff said.
They come from Nicholas Carr and Josh Catone. Both make some good points, though I think both are also driven by nostalgia and one wonders what attitudes will be like when this generation is no longer in the ascendancy. Much has been made of the economic differential - ebooks do tend to be priced below the physical artifact, and it's easy to see that publishing costs will be lower, but the ebook price-point is often not that far below paper (is the margin consequently much higher?).
I have some sympathy with the arguments about beauty and attachment. I purchased Umberto Eco's "The Mysterious Flame of Queen Loana" a few years ago and I cannot imagine an ebook being a suitable substitue, for instance. Conversely the latest novel I have read is Patrick deWitt's "The Sisters Brothers" and I cannot believe that I lost anything by reading it on the Kindle; I will not read it again, I see no reason to have a copy cluttering up my book shelves (already groaning and in need of extension) and the only real downside is that I cannot give it to someone else.
Two other books that I've purchased in the last couple of years are second-hand: William Bodham Donne's (my great great great grandfather) "Essays on the Drama" and Catherine Bodham Johnson's (my great grandmother) "William Bodham Donne and His Friends". Both books have hand-written dedications by their respective authors on the fly-leaf. Somehow, possessing WBD's Kindle (had they been around in his day) would have nothing like the same allure.
Finally, I mentioned still buying physical non-fiction. The main driving force here is the ease of dipping in and out, referring back and forward, and using a book for research or study. Ebooks just don't do this for me. Now some may argue that it's just that I haven't learned how to do it efficiently with the electronic version but I just know that I find it so much easier to hold three or four positions in a paper book with my fingers so that I can rapidly cross refer. 'Nuff said.
Friday, 18 January 2013
Horseburger
The rumpus surrounding the burger contamination episode continues. Much of the noise is coming from people unhappy with the current state of affairs within the food surveillance authorities. But is this really the area to be attacking?
My first thought when all this arose was "Well, they're cheap burgers, what do you expect?". The profit motive is always likely to cause supermarkets to aim to drive down the cost of their goods, and to encourage producers to similarly minimise the cost of their ingredients and to maximise the efficiency of their processses (hence the delights of mechanically recovered meat etc.). In such a scenario someone, somewhere is going to try to cheat.
The reputational damage that supermarkets are likely to suffer when problems such as this are revealed should be sufficient for them to put in place good traceability procedures. How did Tesco fall down? Did they think that there was little risk of a problem being discovered, or did they just take a corporate eye off the ball?
Whatever, I suggest that the clamour for regulation goes too far. Sure, let's have spot checks to keep traders honest but I wouldn't want the question of getting "what it says on the tin" to distract from ensuring food safety which to my mind is where the authorities should be concentrating.
And if anyone is really concerned perhaps they should learn to cook with raw ingredients and not buy cheap, processed junk.
My first thought when all this arose was "Well, they're cheap burgers, what do you expect?". The profit motive is always likely to cause supermarkets to aim to drive down the cost of their goods, and to encourage producers to similarly minimise the cost of their ingredients and to maximise the efficiency of their processses (hence the delights of mechanically recovered meat etc.). In such a scenario someone, somewhere is going to try to cheat.
The reputational damage that supermarkets are likely to suffer when problems such as this are revealed should be sufficient for them to put in place good traceability procedures. How did Tesco fall down? Did they think that there was little risk of a problem being discovered, or did they just take a corporate eye off the ball?
Whatever, I suggest that the clamour for regulation goes too far. Sure, let's have spot checks to keep traders honest but I wouldn't want the question of getting "what it says on the tin" to distract from ensuring food safety which to my mind is where the authorities should be concentrating.
And if anyone is really concerned perhaps they should learn to cook with raw ingredients and not buy cheap, processed junk.
Thursday, 17 January 2013
Who Needs A New Charger?
An article in today's Grauniad reports that in a 3 month trial O2 found that 82% of customers purchasing a HTC One X+ were willing to do so without a charger. I have to say well done O2 for setting up the trial. I have long been irked that one can pack one's old mobile up and send it away to be stripped down and parts recycled but not the charger (not that I very often change my 'phone - ludditism rules!). There must be recharger mountains all over the place.
So this is one small victory for resource efficiency. 'Tis far better not to keep upgrading you 'phone in the first place, of course, but one has to start somewhere.
So this is one small victory for resource efficiency. 'Tis far better not to keep upgrading you 'phone in the first place, of course, but one has to start somewhere.
Leaner and Wiser?
I see that Greg Barker claims that the solar industry has become leaner and wiser as it navigated its course through the last couple of turbulent years. I wonder whether that's true of the Government and DECC who oversaw the recent changes?
Putting my snide comments aside, however, I do think that there is now a relatively stable platform upon which solar may be developed. Now we need a good large-scale electricity storage system.
Putting my snide comments aside, however, I do think that there is now a relatively stable platform upon which solar may be developed. Now we need a good large-scale electricity storage system.
M&A - Good or Bad?
It's interesting how one is sensitised to certain stories. Just the other day I was reading a discussion from Bain and Co which suggested that, on average, M&A activity is value-additive. Today comes the news of Tom Albanese's departure from Rio Tinto because of two disasterous acquisitions.
Of course, we all know that hard cases don't make for good laws - it was simply the juxtaposition that struck me.
The Bain study contains a lot of sense - as one would hope. It suggest that there are a few important facets that characterise successful M&A approaches:
1) Frequency. The more experienced a company is in doing M&A deals the more likely it is that the deals will be successful. You might argue that this is self evident. Practice makes perfect. Failure will tend to dissuade companies from repeating their M&A ventures.
2) Materiality. The more the market capitalisation of a company comes from acquisition the better it performs. This is less self evident but maybe it's a success breeds success issue. If a company is known for good deal-making then the deals and funds will come its way.
3) Developing a Repeatable Model. I guess this is why the above two points are pertinent. If a company has a good strategy and ensures that it's M&A activity is informed by that strategy then the model is a long way to being repeatable. Bain also note that thorough data-based due diligence, careful integration planning and detailed planning and execution of value-capture are attributes of successful M&A led organisations.
It's a good read.
And what of Rio Tinto? Well, in looking at the Alcan acquisition one of the comments I've read simply says "Rio didn't do its homework". What was that about thorough data-based due diligence? I have seen, first hand, how "getting the deal done" can take over from a cool rational look at value. The numbers can become scary and the logic gets bent just to "win" the prize (a bit like "winning" WWI). From what I understand of the Mozabique coal assets deal, again it looks as though Rio did not understand what they were getting themselves into. This suggests that Albanese and those around him were not asking the right questions.
It's a salutory lesson to anyone reliant on stock values - which includes anyone with a pension plan.
Of course, we all know that hard cases don't make for good laws - it was simply the juxtaposition that struck me.
The Bain study contains a lot of sense - as one would hope. It suggest that there are a few important facets that characterise successful M&A approaches:
1) Frequency. The more experienced a company is in doing M&A deals the more likely it is that the deals will be successful. You might argue that this is self evident. Practice makes perfect. Failure will tend to dissuade companies from repeating their M&A ventures.
2) Materiality. The more the market capitalisation of a company comes from acquisition the better it performs. This is less self evident but maybe it's a success breeds success issue. If a company is known for good deal-making then the deals and funds will come its way.
3) Developing a Repeatable Model. I guess this is why the above two points are pertinent. If a company has a good strategy and ensures that it's M&A activity is informed by that strategy then the model is a long way to being repeatable. Bain also note that thorough data-based due diligence, careful integration planning and detailed planning and execution of value-capture are attributes of successful M&A led organisations.
It's a good read.
And what of Rio Tinto? Well, in looking at the Alcan acquisition one of the comments I've read simply says "Rio didn't do its homework". What was that about thorough data-based due diligence? I have seen, first hand, how "getting the deal done" can take over from a cool rational look at value. The numbers can become scary and the logic gets bent just to "win" the prize (a bit like "winning" WWI). From what I understand of the Mozabique coal assets deal, again it looks as though Rio did not understand what they were getting themselves into. This suggests that Albanese and those around him were not asking the right questions.
It's a salutory lesson to anyone reliant on stock values - which includes anyone with a pension plan.
Tuesday, 15 January 2013
The Devil's Punchbowl
I thought I'd step out from my usual subject area for once. We had a cracking walk around the Devil's Punchbowl on Sunday so, for anyone wishing to grab some fresh air in SW Surrey here's where we went:
We parked up (eventually - it was busy - great to see so many people taking the air) in the National Trust car park and headed across the grass towards the nearby viewpoint but cut off right when we reached a wide path going in that direction.
As we came to the trees we forked left through a kissing gate then almost immediately took a path to the left going downhill. We kept to this path through woods for about 3/4 mile as it descended into Highcomb Bottom.
At the base of the valley we passed through another kissing gate and after a couple of wiggles on the path turned right through yet another kissing gate onto a narrower path which drops down to a stream. After crossing over the stream we climbed up out of the dell, passing a youth hostel on our right and took the next left turn down a wide track past Gnome Cottage.
Just after the cottage we crossed a cattle grid and reached a stretch of more open countryside. We followed the track for about 1/2 mile until after a right then left bend we reached a fork. Here we bore left and ignoring the track that joins on the right a bit further on carried straight along a tree-lined track over another cattle grid.
Finally we reached a tarmac lane where we turned left and then right downhill beside a long cottage with PV panels on the roof. At the bottom of the valley we crossed the stream again and up a steep track to Ridgeway Farm. We carried on along Hyde Lane ignoring the track to the right, eventually passing Upper Ridgeway Farm.
The road then dipped down and at the bottom we took a bridleway to the left which gradually rises up between banks to another gate. Through this we pressed on upwards for quite a way (perhaps 1 3/4 miles) much of it following a line of power cables. At the top we came out on the edge of the escarpment with a splendid view across the bowl.
Continuing along the rim of the bowl we eventually reached another gate and barrier by a small parking area. Here we took a left fork, continuing around the edge of the bowl soon arriving back at the viewpoint near the car park. Great - all finished off with a scrummy slice of lemon cake in the NT cafe.
Try it!
We parked up (eventually - it was busy - great to see so many people taking the air) in the National Trust car park and headed across the grass towards the nearby viewpoint but cut off right when we reached a wide path going in that direction.
As we came to the trees we forked left through a kissing gate then almost immediately took a path to the left going downhill. We kept to this path through woods for about 3/4 mile as it descended into Highcomb Bottom.
At the base of the valley we passed through another kissing gate and after a couple of wiggles on the path turned right through yet another kissing gate onto a narrower path which drops down to a stream. After crossing over the stream we climbed up out of the dell, passing a youth hostel on our right and took the next left turn down a wide track past Gnome Cottage.
Just after the cottage we crossed a cattle grid and reached a stretch of more open countryside. We followed the track for about 1/2 mile until after a right then left bend we reached a fork. Here we bore left and ignoring the track that joins on the right a bit further on carried straight along a tree-lined track over another cattle grid.
Finally we reached a tarmac lane where we turned left and then right downhill beside a long cottage with PV panels on the roof. At the bottom of the valley we crossed the stream again and up a steep track to Ridgeway Farm. We carried on along Hyde Lane ignoring the track to the right, eventually passing Upper Ridgeway Farm.
The road then dipped down and at the bottom we took a bridleway to the left which gradually rises up between banks to another gate. Through this we pressed on upwards for quite a way (perhaps 1 3/4 miles) much of it following a line of power cables. At the top we came out on the edge of the escarpment with a splendid view across the bowl.
Continuing along the rim of the bowl we eventually reached another gate and barrier by a small parking area. Here we took a left fork, continuing around the edge of the bowl soon arriving back at the viewpoint near the car park. Great - all finished off with a scrummy slice of lemon cake in the NT cafe.
Try it!
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