While 10 year olds own iPads, watches are monitoring our heartbeats, and the Internet is getting more powerful by the day... have we really pushed our devices and the Internet to its full potential?
For example, the retail industry is still wildly inefficient. Stores, hotels, restaurants, service suppliers, all have an inventory of products or services readily available to the consumers who want or need them. But how often do those consumers find the exact thing they are looking for at the right time and place without wasted effort searching? Rarely.
Companies like Amazon have satisfied the online shoppers need for instant purchases and have given customers the ability to comparison-shop by digging through millions of inventory by keywords, sorting and filtering techniques. However, e-commerce is still missing one piece that even free 2-day shipping cannot solve. There are still many people who want to see, feel, and test a product before making a purchase decision. Online shopping has undoubtedly added convenience to the shopping world, but it can never replace the positive experience of picking out, trying on, and buying the perfect black pumps on sale and taking them home right on the spot.
At TimePlace, we love to imagine how technology will change our future. Imagine a future world of e-commerce where consumers can call out their product wants and needs. "Black Suede Pumps under $200" "Happy Hour wine deals" and retailers can listen and notify the consumer that they have exactly what they are looking for.
A platform that connects merchants and consumers would be something great, but a platform that utilizes time, location, and a user's intent to deliver information to the consumer would be exceptionally innovative.
Utilizing a powerful platform to arrange, display, and deliver data by time and location can increase the power and utility of the data and with creative developers and designers can optimize the transactions that occur. Whether the data is inventory, historical crime data, IoT information from home sensors, or on-sale alerts pushed by merchants, this platform can completely change the way we all use the large amount of data in the world.
As described in the book the Intention Economy by Doc Searls, this future method of commerce focuses on what the buyer wants and gives the seller the ability to market to the right people in the right context.
The TimePlace platform is all that its name implies, Time and Place. We can ingest any type of data and beautifully, usefully, and simply display it according to its time and location.