Impossible Facebook and the Future of Social Media

Posted by Dr. James Canton on May 30, 2012 under Uncategorized | Be the First to Comment

Impossible to imagine that a billion dollar revenue based company that dominates social media and has over 900 million users has to endure all of this huge diversionary mirage about the dysfunction of their public offering. Whew!! There I said it.

Common wisdom is that drop in value has something to do with Facebook’s S1 public offering disclosures, their lack of desire to actually make money (please, does anyone actually believe this?). I cannot think that anything is farther from reality.

Facebook is developing, and I do mean developing a disruptive new business model that puts a value on connections, relationships, networks of communities. Over $1 million per 900 million. Over $3 Million per business. This is a new, yet to be proven business model.

So the fast R/evolution of web business is hard to see in real time. Microsoft dominated the desktop, Google blew up advertising, Apple conquered the apps world and now Facebook is a mega disruptor all over again dominating social media. This doesn’t mean there is lots of room in the business ecosystem for Twitter, Linked In, and others to play in the huge global web connected marketplace. Plenty of dinero. Plenty of time to grow new innovations with a long tail.

So back to Facebook. Impossible Facebook. Can they meet the mobile web challenge learning from Apple? Can they monetize advertising like Google has? I think they can and they can co-compete with other players.

Keep in mind that to 900 people today and over two billion people tomorrow, within five years, Facebook will be the Web for most people. Search, communicate, transact, locate and share all via Facebook.

So do I care that the stock is dropping? Or the valuation is questionable? No. This is a billion dollar company just growing up. Give it time, while your on Facebook or off Liking this or that.

Let’s let Mark show us what he can do. I bet he is a closet data scientist that has big plans for big analytics, big data and has a vision of the future of social media, maybe even the future of society and business.

Impossible Facebook is a fulcrum of change, electrifying the now and maybe the future of social media. Give them time to stretch and grow.

The Semantic Web Show: Future of the Internet is Mining Desire?

Posted by Dr. James Canton on June 8, 2011 under Uncategorized | Be the First to Comment

Hanging out at the Semantic Web show http://semtech2011.semanticweb.com/index.cfm
in SF yesterday with Sandy Rosenberg, an IGF adviser made me realize how early we are in understanding the semantic web. The show was intimate and eye opening regarding the powerful potential for this technology.

Simply put, the Semantic Web is about tagging everything and linking every data, audio, image and video source to everything–including us. Also context pattern recognition–finding insight into data that is useful.

Then better search emerges, smarter analytics emerge and maybe we understand how to sell, profit, serve and help people better in everything we do–from health care to security to making new drugs and finding new customers.

The Semantic Web will either be a boon to business or a huge intrusion into life by forces that want to mine and predict your desires. You may say what’s wrong with mining my desires? If you have to ask you missed it.

Personally I think a super computing AI, think Google in the near future with the power of predictive analytic media, seductive, immersive, intuitive, sensing your Desires and then enabling your desires for information, products, services, experiences to be fulfilled sounds both fantastic and disturbing at the same time.

Are not happy in the Matrix? OK maybe that’s too much. But someone in a very undemocratic place like Iran or North Korea may use this Rogue Technology to exploit our desires in ways not happy.

Think neuromarketing meets social media meets the semantic web. Who will watch the watchers? In the manufacture of desire be careful what you ask for.

I do think the semantic web also and primarily will drive valuable new services in media entertainment and health care, to name a few.

See Semantic Web Show in SF, well done event
http://semtech2011.semanticweb.com/index.cfm