Thursday, October 29, 2009

 

Bringing advertising back to the future

There is a growing sense that advertising will soon be dead as a major way to fund news and many other content services. I suggest that reflects not the true direction of media technology, but just a temporary gap in such technology.

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.
How will technology change that?
Once we have such screens, we can revive rich ads, plus add a new layer of personalized targeting that print media never had. When that happens, ads can be immediate, relevant, interesting, and informative -- more than ever. We will have targeting, immediate surface richness, and hyperlinked depth. With that, ad-funded distribution will again be a powerful engine for revenue -- and a desirable experience for users.

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!

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Full Frontal Reality: how to combat the growing lunatic fringe

There is a growing problem of polarization of the public into lunatic fringe groups that are losing touch with reality. This is fueled by new forms of media, and I suggest a need for media to enable a new kind of direct frontal attack on this problem.

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.
One thing this needs is content creators willing to speak to the heretics, and not just preach to the choir, or even to the middle. Extremists on both sides of any issue generally seek to reinforce their base and to convert wavering middle of the roaders to the extreme. An underexploited counter strategy is to speak directly to those who are moving toward the extreme, but not fully committed to an extreme mind-set, to demonstrate in a non-threatening or off-putting way that reality is not so extreme (or so black and white). This method is underused because it lacks a way to reach the audience that needs to see it.

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.

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.

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Friday, July 03, 2009

 

User-centered to the limit

While arguably off the topic of user-centered media, I had to publish this incident observed by a friend:

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

Collaborative Investing Startups

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

Location-Based Services, Geotagging, and Map Mashups

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:
As noted in my earlier post, this Web of Location relates to a variety of new dimensions in Web services (), including many Web 2.0 aspects, such as the Social Web. We expect to explore this in an interesting session, and hope you can join us.

Tags: Media

Tuesday, May 06, 2008

 

"The Six Phases of a Technology Flop" ...Patents, and Plan B

A nice piece by Jim Rapoza of eWeek shows how technologies often go from bubble to bust ...and on to rebirth.

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.
  1. "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).

  2. "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.

  3. "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.

  4. "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).

  5. "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).

  6. "Rebirth:" Push returned in a big way as RSS feeds. We persevered in commercializing my patent portfolio and sold it in 2006 for $35MM.
So it was a very long and often discouraging ride, but all's well that ends well.

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!

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Monday, April 21, 2008

 

The Web of Location -- NYC 6/18/08 -- MIT Enterprise Forum Symposium

Location-Based Services, Geotagging, and Map Mashups

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, -- one of which is the dimension of the physical world.

Location-based services are at an inflection point:

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

Thursday, 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:

For more on CoTV, check out the Web site.

The two Google papers are:

Tags: Simultaneous Media Use Concurrent Media Use


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