Thursday, October 29, 2009
Bringing advertising back to the future
Today's conference on "Creating a New Model for News and Information" had a very interesting discussion by luminaries in the news business addressing the apparent reality that advertising could no longer support their media, and how new models are needed.
That is a major issue in the short term, but advertising will be reborn as a key source of funding as technology improves.
The problem is that current "new" media do not present ads in a way that effectively serves the reader. Screen real estate is limited, and there is no place to include ads that are rich and informative without seriously detracting from the content. But what is forgotten is that that will change, as technology improves.
Unlike Web pages, newspapers and magazines were able to present very compelling ads adjacent to content, without detracting from the content.
- Their weakness (as Wanamaker is famed to have noted) is lack of targeting. Targeting is still reasonably good in special interest sections and trade magazines, but such special interest content has heavily migrated to the Web.
- I have always been struck by how in trade magazines and special interest magazines, the ads can often be as valuable as the content. Even on TV, ads can be better than the content. In visual media, advertising is not necessarily a negative -- it can be a positive to the viewer.
- Internet media have greatly improved targeting (look at Google), but have lost richness, at least on the surface (look at Google). They match (and even add) richness only when you bother to drill deeper by clicking a link (or doing a mouse-over).
- Think back to newspapers and magazines: They have enough real estate to let content and rich ads have effective adjacency, while still conveying a substantial message.
- Think about emerging screen technologies: ever larger screens, ever lighter and more flexible -- literally more flexible, as OLEDs enable large screens that fold up -- that will mimic newspapers and magazines within a few years.
- (My suggestions for "Coactive TV" also provide expanded real estate in the form of a second screen that can be coordinated to show ads related to the first screen.)
Of course the media need to survive in the short term with less (or no) advertising, but don't be blindsided when ads are reborn!
Tags: Media New Media Web/Tech Internet Media Technology Journalism
Full Frontal Reality: how to combat the growing lunatic fringe
Today's conference on "Creating a New Model for News and Information" had a very interesting discussion by luminaries in the news business that touched on the problems of the Internet and "The Daily Me" in which people increasingly filter their news sources to support their viewpoints. This is a technology-enhanced form of "confirmation bias."
Perhaps this can be countered using the same technology to find ways to create, direct, and select materials coming from contrary viewpoints that are tailored to directly counter such bias in constructive ways.
The angle here is that confirmation bias is very easy and comforting, but reality usually offers more survival value.
- Systems that can find complementary information and demonstrate that it offers survival value could be very influential, at least to the subset of holders of extreme views that have not totally severed contact with reality.
- The idea is to encourage them to reality-test -- to seek serendipitous exposure to balanced and well-reasoned antidotes to the biased material they usually see, and to demonstrate the practical value of more balanced viewpoints.
So the other thing needed is a smarter delivery service, a new media filtering tool that specifically aids in bringing such materials to those who need to hear them.
- Filters that give you food for thought, in a way that is constructive, interesting, and not threatening
- Services that demonstrate the folly of extreme views
With such tools, when you personalize your "Daily Me" to know what you want, it will also give you some of what you need, stuff you don't know you want. Some people will have no interest in that, but some will find it valuable and stimulating to get a breath of fresh air that does not reek of the biases of the opposite side.
...If there are already delivery services developing with this aim, I would be very interested to hear about them.Tags: Media New Media Web/Tech Internet Media Technology Journalism
Friday, July 03, 2009
User-centered to the limit
In the early 1970's when the Jaguar XK-E was still in production (the quintessentially sexy sports car that Enzo Ferrari called "the most beautiful car ever made"), my friend told me of the time he passed one parked on the street as two small boys marvelled at it.
He overheard one say, "Boy, wouldn't you love to have a car like that?"
To which the other replied. "Have a car like that? I'd like to be a car like that!"
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I offer this as too classic to remain unpublished. The incident was reported by my late friend Walter Ensdorf, who was always a very keen observer of the world.
Monday, March 30, 2009
The Smart Money of Crowds, April 7, 2009, NYC, MIT Enterprise Forum Symposium
Can we exploit the Wisdom of Crowds on Wall Street? -- especially now that the "smart money" no longer looks very smart?
Historically individual investors have been a good indicator for what not to do -- Can the Social Web make them smarter?
I am assisting David Teten organize this event, and we have a very interesting panel. Come on April 7 to learn from a group of innovative startups that are leveraging the Wisdom of Crowds to provide investment counsel you can believe in - or so they claim.
Register at http://www.mitef-nyc.org/mc/community/eventdetails.do?eventId=211129&orgId=mefny
Monday, June 16, 2008
The Web of Location -- This Wednesday -- MIT Enterprise Forum Symposium
As noted before, I will be moderating this exciting panel this Wednesday, with prominent speakers from IAC (Ask.com, Match.com, etc.), Smarter Agent, MeetMoi, and uLocate.
A nice perspective on major trends that are fueling rapid growth in this area is provided in “Location–Based Services: Back to the Future” in the April-June 2008 IEEE Pervasive Computing Magazine. Key strategic changes outlined there are:
- Reactive to proactive (queries vs. tracking and event driven)
- Self-referencing to cross-referencing (users only vs. other targets)
- Single-target to multi-target (many moving objects)
- Content-oriented to application-oriented (dynamic location, context, and function)
- Operator-centric to user centric (based on open, standard middleware and user-owned location data)
Tags: Media New Media Technology Media Technology Location Location based Services LBS Geotagging GPS Mobile Web/Tech RRR
Tuesday, May 06, 2008
"The Six Phases of a Technology Flop" ...Patents, and Plan B
Rapoza's use of "push" technology for his example came particularly close to home for me, since I lived through all six phases of that cycle with my original Teleshuttle "push" technology. My personal experience shows how the long cycles of the patent business can serve as a counterbalance to the fast cycles of technology.
- "Useful Invention:" I developed some ideas relating to what came to be known as "push" distribution and filed for a patent and started Teleshuttle in 1994 (well before PointCast launched in 1996).
- "Growth and Competition:" Teleshuttle gained lots of interest from '94-96, and got its software distributed on several million computers -- but PointCast, Marimba, and BackWeb made a much bigger splash.
- "Hype:" For a few years, "push" was very hot, and even though the Teleshuttle product failed to build a profitable market, I was able to leverage that hype to partner with a company called BTG to work on commercializing my patent.
- "Bust:" PointCast went under, and the other guys retrenched. Teleshuttle and BTG tended to the development of a portfolio of patents, and did other things (I was CTO for a dot-com).
- "Death:" By the early 2000's push was written off as a classic failure, but we still saw value there -- one minor example being Windows Update (and its Apple counterpart).
- "Rebirth:" Push returned in a big way as RSS feeds. We persevered in commercializing my patent portfolio and sold it in 2006 for $35MM.
Some might say this is exploitation by a "patent troll." But that misses the whole point of the patent system. It is reasonable to recognize a patent as the innovator's well-deserved incentive. Some people excell as entrepreneurs, others excell as innovators -- even if their business does not succeed. The Constitution provided for patents as a way to encourage the innovating part, not the succeeding in business part. The Framers understood that succeeding in business generates ample reward of its own -- it is innovation that needs the added incentive of a patent. Viewing the patent as Plan B provided the hedge that made it easier to justify the risks inherent in developing my ideas and starting the Teleshuttle business. In my case that hedge paid off -- after 12 years!
Tags: Media New Media Web/Tech Internet Technology Media Technology Patents Patent Trolls Flop Hype Innovation Invention RRR
Monday, April 21, 2008
The Web of Location -- NYC 6/18/08 -- MIT Enterprise Forum Symposium
I will be moderating an exciting panel, with prominent speakers from IAC (Ask.com, Match.com, etc.), Smarter Agent, MeetMoi, and uLocate on June 18 in NYC.
Location-based services are not just for driving directions anymore. The Web is now richly linked to locations in the real world and visualized on maps. This creates whole new dimensions to navigating the Web and a new class of Web-based services. Links from Web pages appear on maps which show proximity to other pages that can be clicked on. Other Web 2.0 aspects such as social networks can also be viewed through the lens of location.
Think of it as Steinberg's classic "New Yorker's Map of the World" but dynamic -- as your location changes, your location-based view of the world changes. But here it is your view of the virtual world, your view of the Web.
This fits in to the broad trend I wrote of some time back, The Future of the Web -- in Many Dimensions -- one of which is the dimension of the physical world.
Location-based services are at an inflection point:
- Global Positioning Systems are proliferating and gaining new exciting features
- Flickr users are geotagging their pictures
- Nikon, Sony, and Nokia are building geotagging into cameras
- Google Map mashups (and the like) are creating a plethora of new services
New businesses are forming to take advantage of this dynamic Web of Location. Established businesses must understand the potential of this growth sector. Financial players, such as venture capitalists and investment bankers, need to know the very latest on this growth sector to stay ahead of the game.
We expect an interesting session!
Tags: Media New Media Technology Media Technology Location Location based Services LBS Geotagging GPS Mobile Web/Tech RRRThursday, August 10, 2006
Google, Interactive TV, and CoTV
There is recent buzz about Google getting into ITV (Interactive TV). In addition to some recruiting (with a senior hire of Vincent Dureau from Open TV), Google researchers recently attracted some attention from a report on an experimental TV+PC service.
That service was said to supplement the mass-media experience of television with a personalized Web-based experience: "Our goal is to combine the best of both worlds: integrating the relaxing and effortless experience of mass-media content with the interactive and personalized potential of the Web, providing mass personalization." The paper won "best paper" award at the Euro Interactive Television Conference. A note from the authors and link to the paper is on the Google Research blog.
How and when Google will go there seems unclear. When I asked Chris Sacca of Google about it at a recent conference, he suggested it was research at this stage, and not in any current product plan. Interestingly, one of the references cited in that paper was paper from 2003 which happened to have as a coauthor some guy named "Brin, S." So it is reasonable to think Google has some real interest there. Obviously, the ability to link Web ads to TV programs and ads would be a killer.
Especially interesting to me is the fact that what these papers describe is essentially an applicaton of CoTV, coactive TV, which I have been working on and promoting for some time.
Some of the key points of similarity:
- CoTV addresses two screen PC+TV applications
- It includes a variety of technical methods to link the PC and TV without need for cooperation of the TV programmers or distributors. This includes audio sensising as described by the Google Euro ITV paper, but I think the most appealing solution is just to put a little software in a network connected TV (such as a media center or DVR or advanced TV) that tells the PC/Web service what channel or program is on).
- Among many other applications, it addresses the kind of "Query-Free...Search" described in the 2003 Google paper that basically uses the TV program to drive related searches, thus "automatically selecting web pages that a user might want to see while watching a TV program."
For more on CoTV, check out the Web site.
The two Google papers are:
- Social- and Interactive-Television Applications Based on Real-Time Ambient-Audio Identification, by Fink, Covell and Baluja (2006)
- Query-Free News Search, by Henzinger, Chang, Milch, & Brin (2003).
Tags: Media New Media TV Web/Tech Internet Entertainment Technology Media Technology Coactive TV Coactive Media Google Search ITV Interactive TV Interactive Television Media Multitasking Simultaneous Media Use Concurrent Media Use

