Social Media is for Conversation and Consumption
Labels: blogging, consumers, journalism, social media
Labels: blogging, consumers, journalism, social media
I met a week or two ago with a couple of guys from internet technology company Phorm. They presented what struck me as an exciting proposition: a network of business relationships, of which phorm would be the administrators, named the Open Internet Exchange, or OIX.
Phorm's OIX will involve publishers, advertisers and, crucially, internet service providers in a way that will allow advertisers to target internet users whose behaviour on the internet identifies them as having relevant consumption interests. This is great: behavioural targeting identifies consumers who have actually started down a particular road to consumption (purchase, subscription, or whatever); rather than just identifying those who are only likely to start down this road, because, for example, of their demographic.
With behavioural targeting, once the user is identified as a target, they can be shown relevant advertising while they're viewing any internet page, not just pages whose content is relevant to the marketing proposition. The advantages here are that publishers can monetize all their content, even that which isn't easily categorised and wouldn't otherwise be valuable; and advertisers can avoid the clutter of competitive ads that forms on the pages whose content pertains to the advertising.
But behavioural targeting is something that advertising networks do already. So what makes the OIX different? Exisiting methods of behavioural targeting work like this:
The limitation here is that the behaviour of the user is observed only while the user is in the advertising network. Some eighty or ninety per cent of the internet population might be reached at least once each month by traditional advertising networks, but only a fraction of a user's total internet behaviour is actually observed by any one network. This limits the volume of relevant users available, and the accuracy of their match to the advertising.
Phorm's OIX, which involves internet service providers, will make use of the ISPs' data on users' entire browsing histories: it will 'see' all the pages they visit, and all of the searches they make. This will allow adveritisers to define and successfully target a practically infinite number of behavioural advertising 'channels' - combinations of keywords and URLs that define specific behaviours.
Sounds good, doesn't it? - like a more highly evolved approach, that makes use of a massive resource that has been under our noses all along. But, while it employs one resource of the ISPs, for it to work Phorm's OIX must sustain another: the user. While the user won't have to download any software onto his or her computer, and no personally-identifiable data will ever be recorded, there will be cries of 'Big Brother is watching us!' Moreover, users will be generating a revenue stream for all those involved in the OIX. So what's in it for them?
Well firstly, we all see advertising anyway. What Phorm is proposing with the Open Internet Exchange is a way for us all to see more relevant advertising - advertising that might even be helpful!
Secondly, Phorm is in a position to provide the user with whatever services that can be derived by the monitoring of his or her internet behaviour. The obvious ones here are internet security services, like warnings against phishing websites.
Given how important it will be for them to preserve the ISPs' good relationships with users - to keep the user sweet - I wonder if Phorm will be able to come up with anything else ground breaking, by way of services for the user. Indeed, they may have to come up with something of this nature before the OIX will take off. Whether Phorm can provide something where ISPs have long had the opportunity to do so already will be interesting to see.
Labels: advertising, behavioural targeting, internet, media, media agencies, media consumption, new media, OIX, online advertising, online privacy, Open Internet Exchange, Phorm, publishers
It was reported on Tuesday that the entertainment giant Viacom, which owns MTV and Nickelodeon, will be launching a billion-dollar lawsuit against YouTube and its owner Google. YouTube, Viacom argues, does not take sufficient responsibility for removing copyrighted Viacom content from its video sharing site.
The most common response to this news that I have read about has said that Viacom is making a mistake: that they are struggling against a market whose natural flow is in fact in their best interests. As Jeff Jarvis observes, Viacom is 'trying to spread stupid', by criticising the actions of its own fans, who are publicising Viacom content.
The clever action, so goes Jarvis' argument, would be for Viacom to do as CBS and, in fact, the BBC are doing: They are condoning the posting of copyrighted content on YouTube, not only by leaving it on the site, but by replacing it wherever it exists with high-quality copy. CBS's and the BBC's idea here is to use YouTube for the marketing tool that it provides, concentrating YouTubers' attention around single high-quality copies of their content.
As one comment on Jarvis' blog puts it, however, the argument is not so one-sided: YouTube is illegally hosting the best of Viacom content, deriving its own potential revenue from it, and developing but containing its own audience - because they don't necessarily have to go anywhere else to get the Viacom content they want.
Basically, Viacom aren't stupid, they do have a point, and perhaps in their case they should be taking the action that they are.
The CBS/BBC model is a good one, but the merit of it is found not so much in the 'clever' strategy itself, as in what it intends for the quality and nature of their content. The secret to making use of YouTube as they plan, will be for CBS and the BBC continually to offer, on their own channels, fresh, appealing product, which competes with what should be regarded only as its own advertising on YouTube.
It will be a shame if Viacom wins a lot of ground against YouTube in the outcome of this lawsuit: the CBS/BBC model is one that will only drive better content.
Labels: BBC, broadcasters, broadcasting, CBS, entertainment, Google, internet, media, media consumption, new media, online advertising, publishers, publishing, Viacom, YouTube
'But we don't revere him like they seem to,' my friend suggested. She was talking about the ceremonial treatment of 'Mr President' in the US.In the UK, we have little such ceremony to apologise for our political leader: either there's no ceremony at all, or else our ceremony surrounding the prime minister is actually in itself more often critical of his position. Our politics treats the prime minister in a way that puts him almost permanently on the defensive. With the sorts of institutions epitomised by the televised prime minister's question time, and by the dragging of our prime minister onto Radio 4's Today programme, I think our political leader almost always has a struggle, to prove himself.
Labels: America, celebrity, journalism, media, monarchy, politics, president, prime minister, royalty, UK
Labels: blogging, broadcasters, broadcasting, internet, media, media consumption, new media, publishers, publishing
It was reported last month that five families at a court in Los Angeles jointly filed a negligence and fraud suit against Rupert Murdoch's News Corporation. The company owns the social networking site MySpace, which enabled paedophiles to groom and sexually assault the children of those families.
I first read about this case shortly after writing my last blog entry, and I think it provokes a discussion that follows from it: about the responsibility that new media providers must be willing to accept if they are to protect the health of new media. Empowering media consumers as broadcasters is a dangerous business. By encouraging us all to become personal broadcasters, new media providers are giving each of us the ability to devastate our own privacy in an instant. It's not just Google or News Corporation that we share our information with, so that they can show us adverts; imagine the consequences of accidentally sharing a personal document with the whole internet, instead of a small group of friends. And it's not just issues of privacy that accompany broadcasting. Media providers are also empowering individuals to commit libel and infringe ownership rights.
One immediate response to these concerns would be to say that it's down to individuals and the government to be responsible for these issues of identity and interaction; and it's true, we do have personal responsibility, and of course the government does too. But I think that responsibility for these concerns should lie most of all with media providers, because assuming this responsibility is in their own best interests. Let me explain why:
As I mentioned at the end of my last entry, moral integrity and trustworthiness are likely to become increasingly valuable as a consequence of changes in the branding environment. This somewhat superficial reason isn't the only one though for why media providers will need to be moral, trustworthy, and responsible: they will need to be these things in order for new media, for consumer content creation to work at all.
As they collect and help us to share more information, media providers are demanding more trust of consumers than has ever been asked of them before. In addtion to the information that we actively upload, media providers are in a position to collect information relating to every single discrete action we take in using the internet. When a transfer of information occurs, it's already being recorded:
That last category of recorded information is very sweet icing on the cake for the media industry. By using 'cookies', the data gathered about each of our information transfers is made uniquely identifiable, and so can be made continuous with the data on all our other internet activity.
We're looking in new media at the ready availability of a massive amount of information on consumption; and this information is without the bounds we've seen traditionally in media research methodologies, like those of sample size, human error, research budget, as well as others. Where online media consumption can be linked to purchase - and that's where consumption itself is not already purchase - there's a veritable cornicopia of data relating the media we consume, to how we spend our money.
My point here though is mainly to encourage trust, and to urge media providers to warrant it, rather than to warn consumers against it. There's incredible potential for insight in all this information, and I'm sure that that can be for the good of everyone involved; but, and here's the very significant rub: media providers must be responsible for and have the trust of consumers if they want us to invest our information.
Thinking now for a moment of the work I did at the marketing research agency Millward Brown, I'm not sure what all this new-found power in new media is going to mean for the study of consumer attitudes. In a world where on-demand, interactive new media is the only media, it might not be necessary for us to bother trying to research consumer attitudes at all, when we would have a near-perfect picture of what media people are exposed to over time, and the effects of that exposure on media consumption and purchase. In such a world, in the terms of consumer insight, attitudes become consumption itself.
I would probably guess also that advertising pretesting, as we know it - out of 'field' - will become a redundant practice. What would the point be of having a separate out-of-field process for pretesting a piece of advertising, when it's actual performance in field, amongst a perfectly controlled audience, can be monitored, perfectly?
However I can see it being useful to be able to apply to our ongoing study of how consumption is impacted upon in new media, that which we understand already about how in traditional media attitudes can be changed. And I don't mean to suggest either that the quantitative analysis of consumption data is ever going to replace the creative, brain-storming processes of qualitative research, or anticipating patterns in consumer behaviour before they form.
And once again, as with the future of the advertising industry, we run into a brick wall when it comes to the number of people actually 'on' the internet. All the traditional ways of examining consumer attitudes remain of paramount importance in the undeveloped world. Whatever man-power that might be freed up by efficiencies and redundancies in the new media world would probably be wisely invested in developing digital media on the ground, in the places where it hardly yet exists.
Labels: advertising, blogging, internet, media, media agencies, media consumption, new media, online advertising, online privacy, privacy