The convergence of several technological developments along with societal trends provide great opportunity to those that develop platform technologies. In my view Wangle have 2 platform technologies (VPN and the Algorithm Engine) and a point solution (WFI).
The ability to process data whilst it is transmitted (very efficiently I might add) to create functionality in a point solution is a great place to be. This is tech stack ownership and control at it's best. This can be applied in so many scenarios.
Enterprise. Companies are currently locking the hell out of the devices they give employees for company use largely because of security risks but more so because management dont trust employees. This is becoming a huge problem as modern applications rely more and more on call outs to other apps on the internet. Corporations end up with more firewall holes then swiss cheese. I think there is scope for businesses to apply the same approach to employees as WFI does between parents and children. Trust your employees to do the right thing and talk to them when they don't based on usage patterns.
Government. Same as above. They use VPNs now that would not be compliant with their own rules. They have additional fears of security risks and leaks.
Industrial Digitisation / IT/OT. Machines of all sorts, in the home out in the factory etc are getting ip addresses which means they are 'online' and face risks just like children do with the internet. I see a role for Wangle to develop a solution that establishes a baseline norm pattern of behaviour and then watches out for exceptions using algorithmic engines (Machine learning).
The benefits WFI brings at the parent-child level can apply at higher aggregation levels. I mentioned in a previous post the problem of keeping up with social media app use trends. Schools are an example of a higher level of aggregation that bolster the ability to proactively deal with cyber bullying and the use of bad apps. Imagine a fight at school that someone filmed that can potentially harm a child for life if widely shared on the internet. Imagine that school being able to detect that video being shared early on and being able to intervene and help prevent the spread of it.
We don't really capitalise on the great work done at research institutes. In the same way WFI uses TKI developed algorithms for recognising patterns, the same can be applied to say detecting criminal behaviour based on content and patterns of data transmission. Looking for virus signatures is one thing but patterns of data transmission tell you something important. Eg. Why are there suddenly millions of users outside Australia suddenly wanting to do their census online at about the same time?
What about the ability for Telstra to better manage risks with say their customers who brought the premium Wangle add on? There are fake Telstra invoices doing the rounds - how do you get a message out to many users quickly to not pay the fake invoice. This could be tackled more directly if you detected and stopped the distribution of that fake invoice at the network connectivity layer.
I could probably go on for a while but the point I'm making is their are many opportunities and it's really a case of what they can develop cost effectively and diligence on looking for a problem that needs a solution rather than the other way around.
All IMO.
WGL Price at posting:
1.7¢ Sentiment: Hold Disclosure: Held