Costolo outlines Twitter’s direction to go mainstream with capital M
As of the first quarter of 2015, Twitter averaged 236 million monthly active users, according to Statista. Those are big numbers, mainstream numbers. However, they are not mainstream with a capital M numbers. By comparison, Facebook has 1.44 billion monthly active users as of March 31. This difference is one that Twitter—read the firm’s investors—wants to see significantly shrunk. They want the micro-blogging social media site to become a “global” network on a massive scale.
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In a recent question and answer session at the Code conference in Southern California, Twitter CEO Dick Costolo, talked about what Twitter needs to do to secure its future as a product. Quoted in Tech Crunch, he said, “It’s all about migrating a company from a world of being tech-centric, follow-based, reverse-chronologic-centric to a mix of that and curated, media-centric relevance-based content,” he said. The writing is on the wall: Twitter is moving towards more curation, relevance and media.
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Reporters who follow Twitter closely, like Matthew Panzarino (@panzer), saw this coming, but also have some original insight. Writing in Tech Crunch, Panzarino says, “We’re going to see a more algorithmic and curated Twitter alongside the ‘chronological’ Twitter that early users have come to know and (sometimes) love.”
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Panzarino thinks that the coming changes will be unpalatable for long-term users but necessary for Twitter to break out. “That mix may not please long-time users who are in love with a real-time chronological feed, but they’re a necessary change in order for Twitter to reach the scale and breadth of surface area it needs to monetize and to serve a larger, less tech-centric, audience,” he writes.
These are the growing pains of a firm on the threshold of its next growth cycle.
Intelliwave SiteSense boosts APTIM material tracking
“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.
We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.
Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate.
With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.
There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.
Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture.
It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.
Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.
On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.
As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.
A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.