Could not agree more, PayPal took a page from Smart Data, Enterprise Performance Optmization Stratgey © 2010 Wiley and ran with it. Their business model is an instance of what Dr. James Rodger and I advocated, it comes from the financial arm of EBay.
PayPal please save us with free enterprise entrepreneurial business sense.
This is also a reason why Republicans would do well to have Meg Whitman lead her party in 2016.
EBay was her invention, Paypal was her acquisition.
One can only hope that government will not cobble up Paypal. They are promoting their brand as a solution across the board, and that deserves serious consideration and acceptance.
It begins by being an “outcome-driven” solution governed by smart business rules. It is data-driven. Read the full story by Lydia DePillis in the Washington Post as she has filed a brilliant synopsis.
“They’ve even got a catchy title: SMART Governance. For Securing data on performance, using Machines to organize databases, creating Algorithms to derive insights, Reassessing results, and Targeting insights.
The report uses a lot of words to advocate a few simple concepts.
Make rules based on outcomes, not processes.
Use data to drive decisions.
Collaborate with experts, industry, consumer groups, and the crowd.
Make policy through modeling and simulations, improving upon a prototype until you get to a satisfactory final version, in what sounds a lot like the old waterfall-vs. agile debate, but which the authors give a fancy title: The “Boyd Loop.”
“Paypal to government: Be more like us
By Lydia DePillis, Published: October 30 at 3:21 pm
Paypal wants you to be able to send payments from your brain! (Paypal)
When a company faces regulatory uncertainty, it can do one of two things: Either hunker down and wait for a new law or rule to pass, or put out a proposal for how it would prefer to be treated.
“We recommend that regulators use the same data analytics techniques that
have transformed the payments sector, as well as the healthcare sector, and the getting-a-taxi sector,” writes vice president for public policy and government relations Tod Cohen, in the document’s introduction (which opens, in total seriousness, with a reference to Paypal’s plan for intergalactic domination). “These techniques rely on collaboration and iteration; they use technology and data to measure performance and deliver results.”