It’ll be the year in which traditional companies finally react to the alarm bells they’ve heard ringing since the turn of the century – and start shuffling towards the fire exits.
Trouble is, the flames are already licking around their heels.
They’ve heard the consultants, they’ve read the books. Even McKinsey looks like it’s finally read Wikinomics (if not the Cluetrain Manifesto and Communities Dominate Brands).
So I think the biggest economic shift we’ll see in 2008 is the rapid acceleration of old money being invested in the networked world. And they are going to need guidance to get it right. Practical, how-to stuff. (Maybe they should read this before they reach for their wallets).
So in 2008 it will no longer be about the What, it’ll be about the How.
But before we get into that, a quick review of my predictions for 2007 – so you get some idea of how large a pinch of salt you'll need to take the following with.
Those 2007 predictions in full (my comments on them in italics)
1) Access to the internet via mobile will surpass 40% of all internet use (globally).
Yes. 1-for-1. It was 25% in 2006. Now it's up to ??% (Morgan Stanley are predicting that this year 3G users will overtake fixed broadband subscriber numbers). The google-driven Android alliance is going to push this still harder. Half the world now has a mobile phone – and that’s not something you can say of the PC. The dominance of this new pervasive computing will shift how we think about everything.
2) A UK national newspaper will close its print operation. And a series of one-time print only magazine brands will become digital only (pick a number between 25 and 100).
No. Can’t give you chapter and verse on this. It hasn’t happened in my back yard. It still feels like it might.
3) Broadcast TV on your mobile will become commonplace. Sky will offer it as a bolt-on upgrade to your home services.
Yes. Even down to the Sky offer
4) Microsoft/Google/Yahoo (one or all) will launch a mobile phone.
Yes-but-no-but-yes (Android is the closest we’ve got to this)
5) All mobile operators in the UK will follow 3 and offer fixed price mobile internet access.
Yes. Even 02 is offering this in packages for the I-Phone now
6) A mobile operator will seek the edge by launching a fixed price for all services (ie £40 a month for all-you-can-eat internet, voice, text, mms...TV(?)
Not quite. Virgin is closest with a broadband, TV home phone and mobile package for (you guessed it) £40 a month. If only they’d thrown in all mobile data.
7) More than 10% of internet users will blog.
Almost. It’s actually reached 8%.., come on world… you’re lagging!
8) A citizen-journalism TV channel made up entirely of video shot on and uploaded from mobile phones will launch.
Yes. Flashbox TV did exactly this.
9) TV on demand will revolutionise how you consume TV and send advertisers into a blind panic.
Yes (for me it has!) I think this is widely recognized now, and my viewing has changed. Has yours?
10) A slow-burn campaign for users to claim back their digital identities will turn to a riot of noise by the end of the year...
Evidence so far: The response to Facebook Beacon, the UK Government losing ‘our data’, increasing influence on services which only use your data while you are using them.
All in all, not too bad I reckon. How rose-tinted are my spectacles? Post your comments n the usual way.
So given my track record so far – take the following with a pinch, dose or truck load of salt depending on your PoV! I’ll try to offer a concrete-ish example in each case so we can say whether they did or didn’t happen when it comes time to reviewing them at the end of next year!
10 Digital Media predictions for 2008
1) Aggregation will be the key buzz word in media. The BBC’s beta homepage let’s you take control of how you view their content. By the end of the year they’ll ‘get’ that you can’t maintain a reputation as a ‘destination’ in the networked world unless your node is strengthened by its connections to others.
Example: Expect a BBC-curated collection of externally created (including, UGC) feeds and widgets. And this will prove the model – allied to a wide range of social, community-driven functionality, that emerges from established media brands.
2) The new advertising: This is the year in which engagement marketing will finally start taking significant chunks of spend. Mobile is already leading the way with a successful start for Blyk.
Example: Expect forward-thinking traditional companies to set up units to specifically make money with EM. Expect new companies to set up to do this alone. Crash course in EM here. People might even start understanding how viral works
3) Talking of which…Widgets. Widgets play to both the aggregation trend AND the engagement marketing trend. Widgets just had their first conference (Widgety Goodness). Widgets rule Facebook. Widgets carry the promise of widgetising ourselves! Imagine a widget which carries your personal ID – your data - which you can plug into a site as and when you wish – and take with you when you leave. You want your data back? You got it!
Example: Expect to see the likes of google, nokia, Microsoft acquiring widget makers and the engagement thinkers behind them. The digitization of the web disaggregates discreet pieces of information. RSS allows the user to re-aggregate. Widgets lower the technical barrier so everyone can be their own aggregator. And in that context, it’s going to accelerate…
4)A shift in thinking away from the url as destination and towards search as navigation.
Example: Ads in other media will stop carrying urls – more will refer to places to look for services (eg use Macdonalds calorie counter on Facebook Mobile....
5) And talking of Facebook… I think it’ll emerge that Microsoft’s dabble with Facebook is less about cracking digital advertising – more about the future of the desktop – the future of computing itself.
Example: I dunno – Microsoft’s replacement for vista comes across like a newsfeed?!?
6) Tools will emerge to allow online videos to end their TV envy.
Example: Tools which allow everyone to mash up video, add comments into/over the video stream, save and share their own versions... all with technical barriers low enough to be used by anyone (just like commenting on a blog!). These will be available in/on engagement marketing widgets, viral efforts and YouTube itself. And finally 'rich' media will no longer be poor.
7) Games consoles and game user interfaces will have increasing influence on the UI of both hardware and web experiences. This will feed into the design of services for mobile and web.
Example: Expect the fall of the traditional mobile phone nine-number interface, and a pc without a qwerty keyboard.
8) Celebrity will take a dip. Once we talked to neighbours about neighbours. Our friends were the gossip, our friends were the news. Then community took a kicking from the interruption of mass production and command and control economies. Our fascination with celebrity filled the friendship gap, they became our make believe friends. But now we have tools (such as the facebook newsfeed) which make our friends our news once more.
Example: Celebrity-obsessed media is likely to suffer. Viewing figs for I’m a Celebrity start to fall, less Celebrity Dog Walking type shows being made.
9) On the threat-to-newspapers theme, I think the Sun will go free – on the streets of London, at least.
10) Peer-to-peer collaboration will continue its disruptive march. This will go in any and all directions. So let’s pick one to expect to happen by the close of 2008.
Example: OK, someone will launch a peer-to-peer bank in the western world.
UPDATED DEC 20... the wisdom of the crowds (see comments) tells me I was really good at predicting the past on this one! eg http://www.virginmoneyus.com. Have offered a replacement in the comments you'll find below.
And one for fun… Amazon will regret its Kindle, e-book because it’ll get hacked and that'll make book content as free and accessible as music has become. Scarey for Amazon.
Then again, perhaps its closed nature will make more of us realise the tactile value of a real book – which any of us can pass to any of us – or sell to any of us.
So that’s my gaze into the future. What’s yours?
Great post. So much to comment on, so I'll just dip a toe in. First, 2007, #9 - TV on demand has certainly revolutionized how I consume TV. I don't have cable, and my main entertainment set up is a tv with an OAD antenna and a mac mini. Probably 75% of my media intake is on demand via the net (though over the air digital is pretty nice). Not sure whether it's a blind panic or not, but advertisers certainly haven't exactly figured out the new model. Most on demand tv advertising seems like applying the old ad model to the content with duct tape.
ReplyDelete2008, #4 seems easy to lose in that list, but I think the shift from url as destination is significant. This shift reflects the way we now navigate information across a number of different devices and through a variety of modes (standard pages, ads, social networks, embedded media, feeds). We are standing on the edge of this change,of course. I have a friend who claims that his knowledge includes anything he could find via Google. When he can access the web, he's the most intelligent person I know.
Some interesting ideas, here's my quick typo ridden thoughts
ReplyDelete1) Aggregation - there's so much content out there and I don't think social voting will be able to deal with. I think that's where new media comes in. The old media if they participate in the social world can become curators.
2) The new advertising - I think it's really difficult to predict the future of ads. Facebook Beacon makes sense in some ways but not others. I see blyk as more a extension of the free business model ala google/metro etc.
3) Talking of which…Widgets - i think widgets are the most interesting because they alter our concept of what is and isnt a webpage and the barrier between online and offline. I think more big publishers will start to 'get' granular content which is suited widget dist.
4)A shift in thinking away from the url as destination and towards search as navigation - do you mean like the old AOL Keywords? You'd be surprised how may people use search navigationally already. Use Google's keyword traffic estimater and search for yahoo...
5) And talking of Facebook - i like this id of the line betweeen social network site and os blurring, though given the time MS takes to develop anything 2008 might be a bit optimistic
6) Tools will emerge to allow online videos to end their TV envy.
I think youtube style video will develop into a genre in it's own right in the same way movies are different from sit-coms and news progs
7) Games consoles and game user interfaces will have increasing influence on the UI of both hardware and web experiences - I've got a iPod touch and trust me predictive text on my phone is much more efficient!
8) Celebrity will take a dip - this I disagree with i'm afraid, if anything social networks encourage mini-celebs. Like the tramp from wolverhampton who's death made breakfast news because of a facebook group dedicated to him.
9) On the threat-to-newspapers theme, I think the Sun will go free – is murdoch that brave? imagine if the mail did it what would really shake the market
10) Peer-to-peer collaboration will continue its disruptive march - like http://uk.zopa.com/ZopaWeb/
Hi Kelvin and Chris, many thanks for your comments.
ReplyDeleteKelvin - big thanks for the zopa link. You know, I knew the name the moment I read it - must have sat in the back of my mind all along. Any idea how it's doing?
Guess I better choose another area for the network to disrupt. erm, top of my head - security. Perhaps a kind of neighbourhood watch on steroids... could be a bit creepy!
Nice little haul, Mr C.
ReplyDeleteBut 10) is definitely more one for 2007! Virgin Money, no less, recently acquired Circle Lending in the US http://www.virginmoneyus.com/.
Also, not quite the same but www.kiva.org allows P2P VC style lending to third world entrepreneurs.
Russell
Yep Russell, looks like I got really sharp at predicting the past at point 10! I've offered an update in a previous comment but guess I should update the item with relevant links too. Have a good xmas! dc
ReplyDeleteThe digital swap from print hasn't quite happened, but it's ruddy close with Monkey, which would have been a print title to compete with Nuts/Zoo, and instead chose to go free and via email...http://www.monkeymag.co.uk/
ReplyDeleteAnd certainly there are new online magazines starting all the time. Obviously www.disposablemedia.co.uk is the one I favour....but there are so many out there now it's getting more and more crowded...
Finally got around to make my own predictions...
ReplyDeletehttp://thewayoftheweb.blogspot.com/2007/12/my-predictions-for-2008.html#links
Excellent article. In this present trend, most of the publishers are digitized their print publications in order to attract the readers. I saw recently a website called www.pressmart.net provides the digitization services for all print publications and maximum publishers using pressmart.net kind services.
ReplyDelete