After a beating on the stock market last week, I spoke with Ericsson’s CEO Hans Vestberg to understand how the company’s 5-year-old plan to change its business is going. The company has just announced a restructuring as it tried to convince Wall Street that it was making progress, so Vestberg discussed that, the role of the internet of things in its new business, and how he defines 5G. Ericsson saw the shifts in its business from the internet of things almost a decade ago, and is working hard to adapt the 140-year-old business.
This week, Kevin Tofel and I discuss the challenges of treating connected hardware like software. Nest is experiencing one of those challenges this week as it requests users accept new terms and conditions in order to use their Nest. If you don’t agree, you don’t get the app, which is frustrating users who feel that Nest is reducing the functionality of the product. Twitter users are calling this holding the device hostage, but it is a legal necessity if you change certain features. Kevin and I propose a solution.
Our guest this week is Sherri Haymond, Senior Vice President of Digital Payments & Labs at MasterCard, who discusses the future of payments and how MasterCard’s partners are putting the ability to buy things in surprising places. Callaway, the maker of golf gear, has put payment tech into a golf glove while a fashion designer is embedding the technology in hats, handbags and jewelry. Enjoy the show.
Hosts: Kevin Tofel and Stacey Higginbotham
Guest: Sherri Haymond, Senior Vice President of Digital Payments & Labs, MasterCard
We need granular permissions for new connected device features