02_The Global Investor_Summer_Edition_2021

Page 96

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. 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 96

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.

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 much red-tape, existing policy, old 2. Deliver value - no one wants to infrastructure, and legacy stakebe ‘told to use an app’ by anyone, holder complexity. We needed to especially the Government who build an App quickly and effecyou probably didn’t trust to begin tively. What is needed is a comwith, so they were doomed from pany and a team that ONLY HAS the start. NO APP IN THE HISONE PURPOSE, to build trust, TORY OF THE WORLD is used protect data and deliver value. I widely because the users are ‘told am sorry - in this case, you cannot to use it’. So, work out how to teach old dogs new tricks! create value for the public, which 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

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Articles inside

A phantom risk?

11min
pages 99-103

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

5min
pages 96-97

Estonia: A small country that conceals great digital possibilities

3min
pages 92-93

Virgin Atlantic Bailout

5min
pages 94-95

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

2min
page 98

Brazil’s investors withdraw en masse for fears of Bolsonaro

4min
pages 88-89

Ireland Railing Against deficit and job losses

4min
pages 86-87

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 90-91

EU budget chief seeks backing for business levy to fund recovery

4min
pages 84-85

Interview - Steven Koch

6min
pages 82-83

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

5min
pages 80-81

The Revolution of 3d Printing

5min
pages 78-79

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

3min
pages 76-77

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

4min
pages 70-71

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

4min
pages 72-73

Your Brand: What’s at Risk?

5min
pages 74-75

3D Printed Drugs - A Godsend

3min
pages 68-69

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

6min
pages 66-67

Interview - Thomas Dunstan

6min
pages 63-65

The implications of Brexit for the UK Economy

6min
pages 60-61

Global stocks rise after Trump holds back on China retaliation

2min
page 62

Why now is the time to Tokenize the World

4min
pages 56-57

AI In Banking: Hype Or Revolution

5min
pages 58-59

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

4min
pages 54-55

Health and Wealth: The Covid Crisis

6min
pages 48-50

Integrating urban and rural safety nets in Africa during the pandemic

6min
pages 28-30

Interview - Graham Bright

14min
pages 42-47

The Future of the airline Industry

17min
pages 32-37

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

5min
pages 38-39

Global Trade is Not the Same Anymore: How New Trends and Demands Changed the Game

5min
pages 40-41

The challenges and complexities of restarting a business after lockdown

2min
page 31

South Africa: A Rainbow in the Rain

4min
pages 26-27

Blogger

15min
pages 10-13

First Stop Shop - Durban

4min
pages 24-25

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

3min
pages 18-19

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

4min
pages 16-17

News

9min
pages 7-9

How AI can save JOURNALISM

4min
pages 20-21

The remaking of Elusive Elon Musk

5min
pages 14-15

Why Africa should focus on industrialisation to increase free trade

4min
pages 22-23
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