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My presentation for Digital Directions 11 in Sydney Australia. I talked about how news organisations could find new opportunities in a world of over abundant content and scarce attention.
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Rebooting journalismFinding new opportunities in a world of over abundant
content and scarce attention
Are you suffering from IOS?
Source: Xerox and YouTube
Are you suffering from IOS?
Source: Xerox and YouTube
Eric Schmidt of Google“Between the birth of the
world and 2003, there were five exabytes of information created. We [now] create five exabytes every two days. See why it’s so painful to operate in information markets?”
from interview at Atmosphere 2010 conference Photo by Charles Haynes, Some Rights Reserved
How much is exabyte?
Photo by msmariamad, Some Rights Reserved
10 terabytes=
An exabyte is 1 million terabytes
The entire printed collection of the US Library of Congress is 10 terabytes
An exabyte is 100,000 Libraries of Congress
How much is exabyte?
Photo by msmariamad, Some Rights Reserved
1 exabyte= 100,000
An exabyte is 1 million terabytes
The entire printed collection of the US Library of Congress is 10 terabytes
An exabyte is 100,000 Libraries of Congress
Media: From scarcity to abundance
Eric Schmidt at the Guardian Activate 2010 conference
Source: Twitter by the Numbers, Raffi Krikorian
Record 3283 tweets per second set during Japan v Denmark World Cup Match
Source: Image Week 17: 2011, LES GO! by ishawalia, statistics USAToday
750m photos uploaded to Facebook on New Year’s 2011.
A decade ago, The Wall Street Journal wrote 22,000 articles.
Source: The Hamster Wheel, Columbia
Journalism Review
Photo: Rupert Murdoch is on my driveway by Kevin Dooley
Let’s look at what we in the media are doing:A decade ago, The Wall Street Journal wrote 22,000 articles. In 2010, it has created 21,000 articles in the first six months.
A decade ago, The Wall Street Journal wrote 22,000 articles.
In 2010, it created 21,000 articles in the first six months.
Source: The Hamster Wheel, Columbia
Journalism Review
Photo: Rupert Murdoch is on my driveway by Kevin Dooley
Let’s look at what we in the media are doing:A decade ago, The Wall Street Journal wrote 22,000 articles. In 2010, it has created 21,000 articles in the first six months.
Society knows how to react to scarcity.” We know how to ration, save, and preserve when we need to do so. It’s much harder to set priorities and find our path when information abounds. We may drown. We may get side-tracked. We may shut down. But, in any case, abundance confuses and distracts us more than scarcity does.
Abundance breaks more things than
scarcity does
Photo: Clay making a point by Joi ItoSource: Shirky at NFAIS: How Abundance Breaks
Everything by Ann Michael
Society knows how to react to scarcity.” We know how to ration, save, and preserve when we need to do so. It’s much harder to set priorities and find our path when information abounds. We may drown. We may get side-tracked. We may shut down. But, in any case, abundance confuses and distracts us more than scarcity does.
Three challenges facing journalism
Three challenges facing journalism
We’re losing the battle for attention
Three challenges facing journalism
We’re losing the battle for attention
More content is leading to lower revenues
Three challenges facing journalism
We’re losing the battle for attention
More content is leading to lower revenues
We’re overwhelming audiences into inaction
Monthly Minutes on siteAverage Local US Newspaper New York Times Facebook
Source: The Newsonomics of time-on-site, Jan 2010 by Ken DoctorThe average news reader spends little time on newspaper-owned sites, from a 20 minutes a month or so on the New York Times site to eight to 12 minutes on most local newspaper sites. That’s minutes per month. Those numbers, as tracked by Nielsen and reported monthly by Editor and Publisher, are steady at best, showing, in fact, some recent decline. They are, literally, stuck in time.Then, take the number of minutes Internet users spend on social sites. Nielsen’s January tally showed seven hours of usage a month on Facebook alone, in the U.S., blowing away all competition.
Monthly Minutes on siteAverage Local US Newspaper New York Times Facebook
Source: The Newsonomics of time-on-site, Jan 2010 by Ken DoctorThe average news reader spends little time on newspaper-owned sites, from a 20 minutes a month or so on the New York Times site to eight to 12 minutes on most local newspaper sites. That’s minutes per month. Those numbers, as tracked by Nielsen and reported monthly by Editor and Publisher, are steady at best, showing, in fact, some recent decline. They are, literally, stuck in time.Then, take the number of minutes Internet users spend on social sites. Nielsen’s January tally showed seven hours of usage a month on Facebook alone, in the U.S., blowing away all competition.
Monthly Minutes on siteAverage Local US Newspaper New York Times Facebook
Source: The Newsonomics of time-on-site, Jan 2010 by Ken DoctorThe average news reader spends little time on newspaper-owned sites, from a 20 minutes a month or so on the New York Times site to eight to 12 minutes on most local newspaper sites. That’s minutes per month. Those numbers, as tracked by Nielsen and reported monthly by Editor and Publisher, are steady at best, showing, in fact, some recent decline. They are, literally, stuck in time.Then, take the number of minutes Internet users spend on social sites. Nielsen’s January tally showed seven hours of usage a month on Facebook alone, in the U.S., blowing away all competition.
Monthly Minutes on siteAverage Local US Newspaper New York Times Facebook
Source: The Newsonomics of time-on-site, Jan 2010 by Ken DoctorThe average news reader spends little time on newspaper-owned sites, from a 20 minutes a month or so on the New York Times site to eight to 12 minutes on most local newspaper sites. That’s minutes per month. Those numbers, as tracked by Nielsen and reported monthly by Editor and Publisher, are steady at best, showing, in fact, some recent decline. They are, literally, stuck in time.Then, take the number of minutes Internet users spend on social sites. Nielsen’s January tally showed seven hours of usage a month on Facebook alone, in the U.S., blowing away all competition.
(Information Overload)n
Source: The Hamster Wheel, Columbia Journalism Review
Photo: Unemployment by Dly86
In the US, while news staffs have decreased by 25%, 75% of editors say their papers produce the same or more content.
Demand Media, 7000 freelancers, 4500 pieces of content a day
Source: The Hamster Wheel, Columbia Journalism ReviewPhoto: Coast Guard Storm Exercises by Mike Baird, bairdphotos.com
Demand Media, 7000 freelancers, 4500 pieces of content a day
Source on online revenue: Paid Content Photo: Newstand by Laura Bittner
During recession, online ad rates plummeted due to oversupply of content Source: PaidContent
Huffington Post has very low returns compared to traditional media rivals. Average revenue per user is just a little more than a dollar.
To put that in context, the New York Times digital revenue alone is $150m, according to an estimate by analyst Henry Blodgett.
Source: Exhaustion by Jessica M. Cross
The Associated Press commissioned an ethnographic study of young news consumers, 18-34 but with an emphasis on 18-24.
One of the key findings: The subjects were overloaded with facts and updates and were having trouble moving more deeply into the background and resolution of news stories.
Associated Press study
Source: Seedcamp winners riding wave of relevant content by Jos WhitePhoto: Where to begin by Bev Sykes
The Internet over the last few years has been about getting as much content to as many people as possible – bringing an incredible range of content to our screens like never before. The problem is that we are now surrounded by too much content that takes too much time to find, qualify and consume.Seedcamp winners riding wave of relevant content by Jos White
Google and the other search engines do a decent job in a wide and shallow sort of way, but there is a growing need for technologies/services that are able to work on a narrower and deeper level to make better sense of the content out there. There is lots of data available (if we decide to give it) based on who we are, where we are, what we like and what we are looking for, and, if used intelligently it can enable good decisions to be made in terms of providing us with more relevant content.Out of the 12 winners at Seedcamp, seven are involved in optimising content in some way and making it more personalised to the user.
From mass to relevance
The evolution from numbers to relevance by Mahendra Palsule
Source: Rebuild by Jewish Women's Archive
Bottom Line: Print media, particularly newspapers, need to rebuild the revenue model that supports journalism and content creation
Relationship and relevance
Photo: Intensely reading the newspaper
in Addis Ababa by Terje Skjerdal
The future belongs to those who build a great relationship with their audience with best of breed content and real engagement and those who are able to deliver the smartest, most relevant content to audiences.
The social web as filter
Your social network as a filter
Social re-bundling of content
Source: Building 43, Exclusive first look: A new kind of social media news reader: FlipBoard
Social re-bundling of content
Source: Building 43, Exclusive first look: A new kind of social media news reader: FlipBoard
Social media has to be social
Source: Cup of Robots - on White by Hobvias Sudoneighm
You cannot outsource your social media strategy to robots.
Social media journalism
Social media journalism
4000 miles
Social media journalism
4000 miles2060 photos
Social media journalism
4000 miles2060 photos
1600 Twitter upates
Social media journalism
4000 miles2060 photos
1600 Twitter upates50 blog posts
Social media journalism
4000 miles2060 photos
1600 Twitter upates50 blog posts
4 blogger meetups
Social media journalism
4000 miles2060 photos
1600 Twitter upates50 blog posts
4 blogger meetups2 podcasts
Networked journalism
Networked journalism
Networked journalism
Networked journalism
Networked journalism
Networked journalism
Networked journalism
Networked journalism
Praise for Andy
Praise for Andy
#Pledge4Andy
Smarter, more relevant content
Who runs Hong Kong
When it does all come together, it will be a way to extract more value out of
journalists’ work on a day-to-day basis
-Reg ChuaEditor-in-Chief, South China Morning Post
Who Runs Hong Kong is officially live – an interactive visualization of 4,000 key people and 2,000 companies and organizations in Hong Kong and how they’re connected.
...If we have a database of relationships of key people and companies, add some generally-known-but-not-easily-accessed (or not-so-generally-known) information, such as family ties or schools attended, and then have journalists update the database whenever they file stories on the people and companies, then after a while you have a monster database that’s increasing in value everyday – and can’t easily be replicated.
Real-time and real-space
Source: Google
And LOCATION
Location and the new loyalty
Source: Location-based Marketing on Foursquare by Global X
Journalism opportunities
Journalism opportunities
News is happening near you
Sources: Image by Foursquare, story from EconsultancyNews organisations are now able to deliver news to users based on where they are at. This allows the delivery of highly relevant news and information.
What’s stopping you?
Photo: an idea (the light bulb) by Alosh Bennet
How many psychiatrists does it
take to change a light bulb?
One...but the light bulb has to want to change
Photo massive change by 416style
