Eta learn from silicon alley
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Companies large and small all want to be “innovative,” but few companies execute on this well. Discussion will focus on the factors that enable disruptors to emerge as well as the barriers that keep some companies behind when working with new technology. Hear about real life examples from payments companies and practical tips that companies of any size can use to stay ahead of technology changes.
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Eta learn from silicon alley
- 1. What the payment industry can learn from Silicon Alley? ElieToubiana,VP of Engineering at CardFlight @elietoubiana @cardflight
- 2. CARDFLIGHT
- 4. What is their secrets to innovate so fast?
- 5. TIP #1: JUMP CURVES
- 6. QUIZZ:WHO AM I? • “______ has been turning ideas into breakthroughs for well over a century” • Invented grammar check • Invented electronic dictionaries (1985) • Invented the laptop processor? (1989) • Started building PDAs (1994)
- 7. SMITH CORONA “The best typewriter company in the world”
- 8. TIP #2: FAIL FAST AND ITERATE QUICKLY
- 9. INNOVATION INTHE PAYMENT INDUSTRY (WATERFALL) Plan% Build% Test% Review% Deploy% Project%cycle%
- 10. THE LEAN STARTUP
- 11. THE LEAN STARTUP IN PAYMENT D on’t
- 12. STEP 1: MISSION STATEMENT X is a product that doesY and Z
- 13. STEP 2: REDUCE SCOPE • Feature 1 • Feature 2 • Feature 3 • Feature 4 • Feature 5 • Feature 1 • Feature 2 • Feature 3 • Feature 4 • Feature 5
- 14. STEP 3: BUILD MINIMUM VIABLE PRODUCT
- 15. WHY BUILDING AN MVP Waterfall( Lean( Plan( Build( Test( Review( Deploy( Plan( Build( Test(Review( deploy( Plan( Build( Test(Review( deploy( Plan( Build( Test(Review( deploy( Plan( Build( Test(Review( deploy( MVP(
- 16. MVP • Charge a card • No refund / void • No Dashboard • No inventory management • No offline mode • No Android support
- 17. MVP
- 18. MVP
- 19. –Reid Hoffman, founder of LinkedIn “If you are not embarrassed by the first version of your product, you’ve launched too late.”
- 20. TIP 3: DON’T REINVENTTHE WHEEL
- 21. BUILD ONTOP OF EXISTING PLATFORM Your internal plateform
- 22. TIP 4: BE DATA DRIVEN –Jim Barksdale, former Netscape CEO “If we have data, let’s look at data. If all we have are opinions, let’s go with mine.”
- 23. TIP 5:ALWAYS BE CLOSING SHIPPING
- 24. CONTINUOUS INNOVATION Internet Explorer 1995 11 September 2014 First Release Last major release Last version: Chrome 2008 39 January 9 2015
- 25. TAKEAWAYS • Jump curves • Fail fast and iterate quickly • Don’t reinvent the wheel • Be data driven • Always Be Shipping!