Category: Future of News
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Submitted By: Kenqyu Beyond those trillion pages lies an even vaster Web of hidden data: financial information, shopping catalogs, flight schedules, medical research and all kinds of other…
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The Grand Unified Theory On The Economics Of Free | Techdirt An essential explanation of the economics of abundance and freeconomics.
“…those new opportunities may not all be capturable by the creator of the content…the total amount that any content creator can capture is still much larger than it was before. It’s one of those cases where getting 20% of a huge pie is much better than getting 90% of a tiny pie.” Redefine the market: The benefit is musical enjoyment Break the benefits down (not a complete list…): Infinite components: the music itself. Scarce components: access to the musicians, concert tickets, merchandise, creation of new songs, CDs, private concerts, backstage passes, time, anyone’s attention, etc. etc. etc. Set the infinite components free: Put them on websites, file sharing networks, BitTorrent, social network sites wherever you can, while promoting the free songs and getting more publicity for the band itself — all of which increases the value for the final step Charge for the scarce components: Concert tickets are more valuable. Access to the band is more valuable. Getting the band to write a special song (sponsorship?) is more valuable. Merchandise is more valuable.
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Submitted By: Drbarb This interactive piece is by the 2006-2016 Knowledgeworks Foundation & the Institute for the Future. You mouse over trends to “Dive Deeper” into it, or send it to a friend….
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Submitted By: Drbarb Cautionary tale. Do you use “cloud computing” to store precious data? It can all disappear in a nano-second. The lesson— back up what you need. Be redundant…and I might…
Barbara K Iverson 