Sybase says text-based payments more than doubled in 2010, so “mobile commerce is exploding." But the skeptical view about NFC is both a realistic assessment of what can happen in 2011, and a rational response for a leader using a rival method.
Wednesday, March 30, 2011
NFC is Overhyped, says Sybase
Sybase is a leader in text messaging based mobile payments, so Sybase might be forgiven its public view that mobile payments using near field communications are over-hyped at the moment. The general observation is correct, as always is the case. Enthusiasm always outruns actual adoption when brand-new technologies are introduced.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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