Comment – DRM (Brian’s Abstract)

If the “important thing is to maximize the value of your intellectual property, not to protect is for the sake of protection” is the point of DRM, then DRM misses the point. The popularity of web mash-ups using tools like Popfly and the information at sites like ProgrammableWeb not only demonstrates the value that can be based upon free tools and APIs, but, if you will, allows previously proprietary technologies to “join the conversation” up to now only inhabited by PHP, MySQL, Apache, AJAX and Linux. Odlyzko points to other ways to encourage usage and revenue like flat rates that simplify the purchase of services. In music there’s always the “album discount” and with books perhaps you might get a discount on a series. I asked my wife, who is currently reading a mystery trilogy, if she would have purchased the second and third books in the set if she could have gotten the first electronic one free; she said she would. This is a variant of “try before you buy” perhaps, but she could easily make electronic copies of the book and pass it along, which would have increased sales for the trilogy by bringing others into the fold.

Odlyzko highlights how miserably difficult it is to build a secure system, let alone one that is at the same time usable. The harder the system is to use, the less likely producers are going to want to use it anyway. There are better ways of maximizing IP and investment than blocking use.

Comment – Himma and ISBF (Ross’s abstract)

In reading Himma’s article I find the waffling back and forth between legality, morality and rights dizzying. Granted he has a J.D. degree along with his Ph.D., but the philosophical arguments he makes seem to orbit tightly around definitions and semantics. As much a fan as I am of clarity of definitions, the argument is not served well by spending all of the time on one portion of the definition, as he spends on “information”.

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Reflection – Benkler, Anderson, Hoskins, et al

It seems that much of the economics discussion in Media Economics is focused on mass media and the definitions of these media as used by Benkler. This is visually noted by the continued use of “standard” Supply-Demand graphs instead of more power law-looking graphs. Also, chapter thirteen’s discussion of government intervention didn’t touch upon the particular challenges of Internet regulation and “Net neutrality”.

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Reflection – 7/21/08

I enjoyed Mike Culver’s presentation, especially regarding Amazon’s Mechanical Turk (MTurk). I began to think about how MTurk is conceived of today and the NASA Clickworker experiment that Benkler mentions in Chapter 4 of the Wealth of Nations. While this may seem a natural coupling in thought, I wonder just how many much larger organizations, like NASA, are finding methods to parse existing work items out to MTurk Clickworkers (if you will)? One of the observations Benkler and others pose is that the smaller and more discreet an item of work is, the more likely you can get an average individual to sign up to “take the HIT”.

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Comment on Raquel’s Book Critique

I find your critique of The Long Tail well balanced.  Given the tone of the book and audience for which the book is written, it would be easy to agree with Anderson.  By focusing on the sociological shifts that the information economy technologies afford and staying within that scope, it is a little easier to make the case.

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Reflection – Class readings and discussion: 7/14/08

The guest speaker, T.A. McCann, was an energizing visitor. His presentation about various manifestations of The Long Tail and Web 2.0, in particular Facebook Answers, LinkedIn Answers and Amazon’s Mechanical Turk, demonstrates the kind of personal production that is not only interesting to me as a participant but to my business. Businesses spend a lot of time trying to figure out how to incent their communities. Many of them never get beyond transactional (cash) incentives. Further discussion about what incents production the further one goes into the tail was thought-provoking since you get into intrinsic value and prestige in varying degrees. His description and demonstration of his new business, MineBoxx, was interesting. His preface about tightly focusing the scope of the target market makes me wonder how valuable this service would be to a broader audience in different context, price points, and levels of functionality.

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Comment – Long Tail and HBR

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There seem to be a number of things that influence The Head and The Hit. The sheer volume of content available has made it more unlikely that a high number of, say, movies will achieve Blockbuster status. More consumers with more choices, both for content and when they can consume it (now = theater, later = DVD, On Demand, premium cable movie channel, Tivo) means a Hit need not attain enormous initial box office returns. According to a new poll by AP-AOL, 73% of adults said that they prefer watching movies at home on DVD and VOD (Video on Demand) over going to the theater. Another study by the Journal of Marketing found that studios stand to gain a 16% increase in revenue in the U.S. if they release films in theaters, on rental DVD and video-on-demand at the same time, followed three months later by a DVD sell-through release. The nature of The Hit is changing, and much more attention should rightly be centered in The Tail, but The Head isn’t going away. As businesses figure out where to draw the line between what they and their customers define as The Head and The Tail, semantics and definitions become more important. This is culture shift, which may take some time and never actually be complete.

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Questions – 7/14/08

  1. How are Information Economy dynamics changing society?  In particular, how do they affect neighborhoods and local politics?
  2. How would you frame the significance of the fact that roughly three quarters of the world’s population appears to not be presently part of the Information Economy?
  3. Where is the significance of the individual when compared to or made part of the “Wisdom of Crowds”?

Review – The Long Tail: Atoms and Bits

The Long Tail, the title of the book by Wired magazine’s editor Chris Anderson, is a phrase that has entered the popular business lexicon with nearly as many interpretations as there are people quoting it. The term describes a graph showing very high sales and demand on the left (the head) and the rapid decline of the same on the right (the tail). This decline, while initially radical, flattens out and goes on to the right without ever actually getting to zero. Anderson’s book is about:

  • what is significant about this tail
  • what enables it to be important today with digital distribution, social means of production and effective filters and search capabilities, and
  • what makes this a game-changing opportunity for businesses, consumers and society.

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Reflection – Class readings and discussion: 7/7/08

The level of discussion was more broad this week. I found the discourse intriguing on what constitutes free and the emerging requirements for effective filters, given the scale of information available. Attention and reputation as the stuff of value, with the decline of the cost of the information in an information economy, is significant as each of us only has so much time (an aspect of attention). To invest that wisely becomes critical for individuals, as do both of the above for groups/businesses/organizations.

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