I've been tracking Jeff Jarvis, author of "What Would Google Do?" and of the www.buzzmachine.com blog. He posted an article recently about the demise of newspapers in the form of a theoretical testimonial to Senator John Kerry's hearings. What's that got to do with data?
I find interesting parallels between the news business and our industry. Both have historically relied on IP and tight control over it. The Internet destroys control. But on the plus side, it proliferates knowledge. And on the down side, it proliferates much useless noise.
The question is, can large, blue chip businesses that rely heavily on conventional license revenue streams adapt quickly enough to this new regime of transparency to survive and prosper? A number of news organizations have found this a major challenge.
It's an exciting time to test these ideas as firms in the financial services space are forced to seriously question everything they do and how they do it. Might there be a more efficient way to improve data quality. I suppose you know my opinion on that already...
Ken
Newspapers can be jerks
3 days ago
Could micropayments be the future? Or is this just another new technology as described by Larry Ellison (of Oracle): "I think every generation thinks that their set of innovations will quickly replace everything that came before," he said in a recent interview is Israel. "I think we constantly come up with new technologies. But those new technologies take a very long time to fully displace technologies that came before."
ReplyDeleteFirst hand experience says replacement takes a very long time. However conditions are now ripe for firms to reassess the way they manage everything including data. Micropayments may be appropriate for data in some cases. I happen to think firms would like one low payment per year with minimal usage restrictions. At least that's what my customers say.
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