Blog Archives - Free SMSF Accounting Software

Mclowd Community Newsletter January 2019

January 10, 2019 / by Ashley Porter / Blog / 0 comments

Welcome to the Mclowd Community Newsletter Introduction Retailer JAX Tyres recently announced that they will be installing electric vehicle charging stations across their 89-strong network of stores. As an EV owner myself the press release caught my eye, but of far greater import was their commitment that access would be Free Forever. Free Forever is […]

A Personal (and Professional) AI Journey

October 30, 2018 / by Ashley Porter / Blog / 0 comments

This entry is part 2 of 2 in the series Mclowd AI Series

The long term impacts of AI may be even more radical than we first imagined. Indeed, the central thrust of the document that follows is that the very fabric of the financial services ecosystem has entered a period of reorganisation, catalysed in large part by the capabilities and requirements of AI. The New Physics of […]

A Personal (and Professional) AI Journey

October 2, 2018 / by Ashley Porter / Blog / 0 comments

This entry is part 1 of 2 in the series Mclowd AI Series

We are moving from ego-systems (profit driven) towards ecosystems (purpose driven). The bigger the organisation the bigger the challenge… AI will push humanity towards their purpose, more and more people will follow their heart as a result. And smart technology will help human beings to develop themselves in that direction. Christian Kromme Background Entrepreneurs live […]

The Uberisation of SMSF

September 4, 2018 / by Ashley Porter / Blog / 0 comments

Background If you had stood on any street corner of a major city in Australia five years ago the flow of traffic – and the cars themselves – would have looked just as they had for many years before that point in time. But in the background – unbeknown to most people – a shift […]

Uber, Taxify and The Journey Towards a Zero Marginal Cost Society

May 7, 2018 / by Ashley Porter / Blog / 0 comments

“I think Uber is just very different, there’s no model to copy.” Travis Kalanic, FT.com March 3rd 2017 Background In my role as Managing Director of Mclowd I recently caught up with an accountant in suburban Melbourne. This practitioner provides bookkeeping services to a number of Uber drivers, whom he noticed had started declaring income […]

Zero Marginal Cost – The Ultimate Fintech Disruption?

November 9, 2017 / by Ashley Porter / Blog / 0 comments

“A second explanation is that we are overlooking actual output – and thus productivity growth – because the new information-intensive goods and services are hard to measure, and their costs may be falling faster than standard methods allow us to gauge.” Nouriel Roubini, Populists and productivity, 4th June 2016 Background Harvard University Professor Joseph Schumpeter […]

50 Years of Artificial Intelligence

December 13, 2015 / by Ashley Porter / Blog / 0 comments

1965 “Let an ultraintelligent machine be defined as a machine that can far surpass all the intellectual activities of any man however clever. Since the design of machines is one of these intellectual activities, an ultra intelligent machine could design even better machines; there would then unquestionably be an ‘intelligence explosion’, and the intelligence of […]

The Sugar Hit of Balance Sheet Funding – Dick Smith and the Macroeconomic Implications for Australia

December 7, 2015 / by Ashley Porter / Blog / 0 comments

“Come the end of 2015 financial year, however, it really comes home to roost. Operating cash flow was negative $4m, as inventory increases further and suppliers demand payment, decreasing accounts payable. The business is required to take on $71m in debt to fund a more sustainable amount of working capital. As the benefit of prior […]

Disruption and Diffusion in the Energy Sector: The Role Played by Zero Marginal Cost (Part 2)

September 3, 2015 / by Ashley Porter / Blog / 0 comments

“In rural areas individuals and communities may find it economic to disconnect from the grid.” Op ed, Australian Financial Review, May 25th 2015, p39 Introduction In Part 1 of this blog I described how incumbents in the Australian electricity sector have inadvertantly created a scenario where the $$ required to fund their displacement offers the […]

Disruption and Diffusion in the Energy Sector: The Role Played by Zero Marginal Cost (Part 1)

June 15, 2015 / by Ashley Porter / Blog / 0 comments

“In rural areas individuals and communities may find it economic to disconnect from the grid.” Op ed, Australian Financial Review, May 25th 2015, p39 Introduction In early May Tesla announced its long-awaited move into electricity storage. While it is not the only player looking to grow this market, lending the weight of the Tesla brand […]

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