Technomics Is The New Economics

How technology disruption will lead to a profound economic change. Welcome to 2018 and all that it holds. This is my theme for the year – Technomics – the Venn diagram between Economics and Technology. Today I want to explore how technology will have a profound effect on economic structure in the very short term future by way of explaining two specific use cases where technology disruption will lead to a profound economic / political change. Continue reading “Technomics Is The New Economics”

Microtransactions, Blockchain, and the Future of Publishing

While you may not be familiar with the term “Blockchain,” I’m willing to bet you’ve heard of bitcoin. The crypto-currency is getting a lot of attention lately, as some early adopters and investors are seeing massive returns.

Blockchain is the technology behind bitcoin, the system used to secure the currency. Rather than belaboring the details of how Blockchain works, suffice it to say that the system creates a secure ledger for the tracing of individual pieces of content or data. This article from Harvard Business Review goes into more detail – The Truth About Blockchain. Wikipedia also features an extensive and well-sourced entry on Blockchain. Continue reading “Microtransactions, Blockchain, and the Future of Publishing”

Trend-Spotting: Where Publishers Will Prioritize Their Investing in 2018

Jerry Ferrara, President, Investor’s Business Daily
Folio: Where will you be focusing your initiatives in 2018?

Ferrara: It needs to continue to be about capturing more information and insights on existing customers and prospective customers. I think we’re doing a good job of understanding who our customers are. We’re all racing to understand our customers better, so the bar is continuing to be set higher and higher in the type of predictions that we can make about what our customers are going to do. Every publisher, every media company out there, is going to have to continue to know more and more about their customers. Continue reading “Trend-Spotting: Where Publishers Will Prioritize Their Investing in 2018”

Clearing the Garden

By April Hathcock and Guy Geltner

[Under peer-review for UKSG Insights Magazine]

In eco-biology, an “invasive plant species” is one that takes over a natural habitat and competes with native species for food, air, water, and other resources. The invasive species grows exponentially such that native species are no longer able to survive. At some point, native plants die out, leaving the invasive species to thrive in a monopoly over its new habitat. Scholarly communications is one such habitat in which we as researchers have allowed an invasive species—the private, for-profit academic publishing industry—to take over the resources we need and use to create and disseminate knowledge. With a revenue stream of $10 billion (and growing), private, for-profit academic publishing is threatening to choke out all other, smaller forms of knowledge creation and dissemination, leaving companies like Elsevier, Springer, Sage and Wiley, as the sole plants in the scholarly communication garden. At ScholarlyHub, we’re determined not to see that happen and are working to clear the garden, a little space at a time, to allow for research to continue to grow and thrive in its natural environment: the world of non-profit, researcher-owned and operated scholarly communication.

Continue reading “Clearing the Garden”

Community in Focus: Professor Tim Weninger on how we consume and curate information

In this article we introduce you to Tim Weninger, who is an assistant professor in the Department of Computer Science and Engineering at the University of Notre Dame. Amongst other things, Tim is working to make AI assistants like Siri and Alexa smarter and in this article he shares some details of his current research projects.

“Reasoning about knowledge graphs will make AI assistants like Siri and Alexa smarter. A principled understanding of the structure of graphs will provide valuable insight into the networks that govern natural phenomena, and a deep understanding of the role that social media plays in our world is critical to the maintenance of our society.”

Read full post on the Overleaf blog

Yet Another Turning Point….

As some readers at this place already know , the boring fact is that I started work in the publishing and information industry in October 1967 , and am thus over fifty years as an observer of change in these parts . And , in what some regard as a fifty year dotage , , I am prone to remark that change is the new normal etc etc and pour scorn on the wealthy publisher who I approached for work in 1993 and who replied “ tell me when your digital revolution thing is over and then help me to cope with the next five hundred years of the post-printing world “ . And I quite see the point . Revolutions are not for everyone . And there were comfortable years in my twenties when it seemed possible to believe that Longman ad OUP, Nelson and Macmillan , could go on ruling the post colonial world of school textbook publishing  with nothing more exciting than a revised Latin syllabus to stir the waters of their creativity . Yet in truth the world of print , from the rise of Gutenberg to the fall of the house of Murdoch , has been full of change . It just happens faster and more completely now . Continue reading “Yet Another Turning Point….”

The Rundown: Media resolutions for 2018

This is the last Rundown for the year, and we’re trying something different. We’re featuring our own resolutions for the media industry in 2018. We’re looking forward to seeing you next year when we take the wraps off a new Digiday+ site experience and welcome our new managing director for Digiday+.

Stop blaming the duopoly.
Yes, Google and Facebook are taking most of the growth in digital advertising. (I’m bracing for the “Yo @bmorrissey” tweet from DCN chief and duopoly fighter Jason Kint.) Bryan Goldberg, Bustle’s CEO, joined the Digiday Podcast to talk about how publishers need to get over this. The same message came from Washington Post CRO Jed Hartman at our Digiday Publishing Summit Europe in Berlin this fall. The duopoly isn’t going anywhere; it’s time publishers adapt — and learn to play offense, as Bloomberg Media CEO Justin Smith said this week. — Brian Morrissey

Answers On’s 10 best articles of 2017

Life is multi-faceted. We want Answers On to be, too. Our aim with this site is to use the best Thomson Reuters tools, resources and human experts to create and deliver stories that matter to you, our customer. If we’re doing well, you’ll see insightful, unique coverage across a vibrant range of topics. Looking back over the articles we published in 2017, I think it’s been a good year; I hope the 10 stories we present here lead to you to agree. Continue reading “Answers On’s 10 best articles of 2017”

Should we be afraid of artificial intelligence?

It’s difficult to overstate the speed of technological progress, and equally difficult to comprehend the extent of its sophistication and efficiency. In a single day, we now process as much data as we did in a month only a decade ago. With a revolution unfolding at such a breakneck pace, questions have naturally arisen as to how technology, especially artificial intelligence (AI), will affect the workplace – and our way of life. If it can impact everyone from taxi drivers to attorneys, what sort of world will we see, even in just a few years? Do we need to fear AI? Continue reading “Should we be afraid of artificial intelligence?”

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