01_The Global Investor_Summer_Edition_2020

Page 98

the global investor

Rejected in isolation:

24 strangers, 1 COVID-19 APP, and 6 lessons on ‘how to fail successfully’ as a tech entrepreneur Written by Mark Bamford, Founder Viktrs

to build tech and that Apple and Google perhaps have alternative motives.

On March 1st 2020 I reached out and managed to pull together 24 techies and a handful of data scientists, marketers and lawyers, most of whom I have never met and somehow convinced them to work probono on a crazy 4-week sprint to build a COVID-19 Avoid, Trace and Track App in 4 weeks. You see I was in a rush. I assumed time was of the essence to protect the UK from COVID-19 as Taiwan and Korea had done.These countries were way ahead of us in creating great tech tools to protect their people.

However, I did want to reflect on what I have learnt these past 14 weeks about the key success factors for all tech when it comes to COVID-19.

We did it - we completed a successful test of a ‘phone to phone COVID19 infection alert’ for contact tracing on 30th March. That’s 10 weeks ago today and that is where this fairy tale ends.

3. Be ‘fit for purpose’ as an organisation - ok, simply put … the UK government should NOT try and build tech.They don’t even pass muster on my first 2 criteria! So, they were doomed even before they started building! There is too 2. Deliver value - no one wants to much red-tape, existing policy, old be ‘told to use an app’ by anyone, infrastructure, and legacy stakeespecially the Government who holder complexity. We needed to you probably didn’t trust to begin build an App quickly and effecwith, so they were doomed from tively. What is needed is a comthe start. NO APP IN THE HISpany and a team that ONLY HAS TORY OF THE WORLD is used ONE PURPOSE, to build trust, widely because the users are ‘told protect data and deliver value. I to use it’. So, work out how to am sorry - in this case, you cannot create value for the public, which teach old dogs new tricks! for our App was to help them 4. Adoption - all this technology AVOID hotspots, enable them is for nought if no one uses it. So, to order tests, self-report sympget the first 3 right, and you stand toms and would enable people to

It all came to a grinding halt as the ogres of this story appeared on the horizon… then all that talk of Government support to help ‘UK tech’ never appeared and the ‘Guardians of the Tech World’ Apple and Google stopped us from testing.This is where we are at today - sitting on our hands, waiting for someone to help us while the UK Gov stayed notably very very silent. This is not meant to be a rant about how Gov bureaucracy is all-consuming, that they should never try 98

1. Create trust - when it comes to privacy and data, only one thing matters - building trust with the public. Irrespective of all the tech, encryption, tokenisation, Bluetooth v GPS and other ‘new fandangled’ ways techies can protect and anonymise your data. They are all irrelevant if you cannot gain the trust of the public. You do this by being explicit about data - total, complete, proactive honesty, and transparency. Oh, and some world-class GDPR lawyers are also very useful!

safely visit loved ones, get back to their jobs and get the UK back to normal quicker.

www.theglobalinvestor.com


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Articles inside

Tesla’s Elon Musk Spearheads Anti-Lockdown Movement

7min
pages 106-110

A phantom risk?

11min
pages 101-105

Operational Risk expert on the real cost of businesses returning to ‘normality

2min
page 100

Rejected in isolation: 24 strangers, 1 COVID-19 APP, and 6 lessons on ‘how to fail successfully’ as a tech entrepreneur

5min
pages 98-99

Brazil’s investors withdraw en masse for fears of Bolsonaro

4min
pages 90-91

Virgin Atlantic Bailout

5min
pages 96-97

Estonia: A small country that conceals great digital possibilities

3min
pages 94-95

Glimmer of hope as UK economy starts to emerge from the ashes: Majority of businesses have a positive outlook for next 12 months

5min
pages 92-93

Ireland Railing Against deficit and job losses

4min
pages 88-89

Interview - Steven Koch

6min
pages 84-85

EU budget chief seeks backing for business levy to fund recovery

4min
pages 86-87

Blockchain Technology and the Banking Industry: Changes Are Here and Here To Stay

5min
pages 82-83

The Revolution of 3d Printing

5min
pages 80-81

Putting change management at the heart, and start, of hr projects

4min
pages 74-75

Dark Clouds Over EU’s Manufacturing Industry: Worst Numbers in Six Years

3min
pages 78-79

Your Brand: What’s at Risk?

5min
pages 76-77

European Commission announces targeted “quick fix” amendments to EU banking rules

4min
pages 72-73

Digital and Physical Worlds Set to Collide as Cybersecurity Takes Center Stage

4min
pages 56-57

A Hub for the Global Enterprise: Why You Should Consider Starting a Business in Bermuda

6min
pages 68-69

3D Printed Drugs - A Godsend

3min
pages 70-71

Interview - Thomas Dunstan

6min
pages 65-67

Why now is the time to Tokenize the World

4min
pages 58-59

The implications of Brexit for the UK Economy

6min
pages 62-63

Global stocks rise after Trump holds back on China retaliation

2min
page 64

AI In Banking: Hype Or Revolution

5min
pages 60-61

Health and Wealth: The Covid Crisis

6min
pages 50-52

Coronavirus shaking up Globalization

5min
pages 53-55

Interview - Graham Bright

15min
pages 44-49

Strong Real Estate Sector Despite All the Challenges: Qatar Shows Us How

5min
pages 40-41

The Future of the airline Industry

17min
pages 34-39

The challenges and complexities of restarting a business after lockdown

2min
page 33

Interview - Romain Gerardin-Fresse

15min
pages 26-32

Integrating urban and rural safety nets in Africa during the pandemic

6min
pages 24-25

How AI can save JOURNALISM

4min
pages 20-21

Atradius and Kemiex shake-up the raw material trading landscape in pharma, veterinary, food and feed

3min
pages 18-19

Why Africa should focus on industrialisation to increase free trade

4min
pages 22-23

Denmark’s supply chain finance programme targets business bounce back with $55bn working capital injection

4min
pages 16-17

News

6min
pages 8-9

The remaking of Elusive Elon Musk

5min
pages 14-15

Blogger

15min
pages 10-13
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