worldwide inventory

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Within a couple of years many newly manufactured clothes will contain inexpensive data tags.  Much like a scanner tag you find on packaged goods these tags will contain brand name, style, store and price.  What will make them unique, however, is that they’ll be scannable via phone applications.  See a cool pair of shoes on the street?  Just point-and-click and immediately know what the item is. Think of it as a paparazzi for clothing thing.  Sure it will be annoying…but we’ll live with it.

As this service gets more sophisticated and cheaper and the geo-location and privacy implications resolved, manufactures and marketers will be able to aggregate data and read that in Brooklyn, 200,000 people are walking around in Chuck Tailors on Friday but only 75,000 people on Wednesday.  We’ll know black tee-shirts outnumber red 2:1 on Monday and sundresses are really worn on sunny days.

 And don’t even get me started about clothing tags tied to coupons, promotions, search terms or Twitter codes.  I can’t even process that.  For that add two more years. Peace!  

 PS.  This is but one chapter in my worldwide inventory theory.

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Last week I posted about a concept called worldwide inventory which suggested, king of search, Google will catalog, index and make searchable most things for sale.  When people or companies have things for sale and other people or companies are shopping for those things only time and distance keep them apart.  If Google removes these obstacles search takes on a new dimension – a breakthrough business dimension.  The technology hiccup lies in the inability of inventory data to be captured, a problem I suggested might be solved by barcodes.  Is this a business opportunity for Motorola (Symbol Technologies) or PayPal?

Taking a closer look at worldwide inventory one realizes that worldwide pricing is the real key. As mentioned last week, an US$11,000 hip replacement in Mexico city (including airfare) for someone without insurance is compelling because of the price – so, this next generation of commercial search needs a database component that allows search by price.  Once the world’s products are inventoried and priced, the web will find serious monetization.   And, oh, there will be an app for that. Peace!

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barcode

Google built a business, quite well I might add, on perfecting search and search usability. They funded the business with advertising.  The brand play was not to be the world’s greatest advertising platform (something Yahoo and AOL didn’t understand), it was all about search. 

Back in the day (last week, hee hee) Google search was all about the Web.  Finding things digital.  This week, it’s about seeing and searching for digital things in the physical world.  So mobile apps and navigation are the rage. Google hasn’t led the way here, Apple has, but Google wasn’t first in search either.

What’s next?

What’s next is search for physical things in the physical world. Call it worldwide inventory. What is worldwide inventory and how will it work?  Not sure, but this cantaloupe sized brain of mine says it may have to do with barcodes.  Now you can’t put a bar code on an $11,000 hip replacement in Mexico (You can’t?) but you can put one on a $12.00 case of Honest Tea with torn labels. The ability for mankind to find real things, in proximity, with their smart phones is what Google will be doing over the next decade. And that hip replacement or $6,000 valve bypass in China will be something worth searching  for. Stay with search Google — it will soon be atop Maslow’s Hierarchy of needs.

Worldwide Inventory may sound like a Pearl Jam song but it’s an Eric Schmidt song.  Peace!

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