If you are visiting for the first time consider signing up for the RSS feed or you can recieve updates via email by clicking here and registering. I've been blogging since 2006 (as a experiment) and my output has remained fairly constant over the years. If you would like a pdf 'book' of my annual prediction posts and also some self-defined highlights from the last six years let me know via email and I will send it to you. It is about 100 pages. (michael @ personanondata.com). Or you can get it on SlideShare.
Here are the predictions for 2012 originally posted on January 7th, 2012 and look for my thoughts on 2013 in early January.
Predictions 2012: The Search for Attention
There’s little more to say about eBooks these days: The
migration is now embedded into business operations across the industry. Yes,
there remain some issues and problems day-to-day but it would seem that the
issue of most concern to publishers for the past five years (trade
particularly) is now subsumed under business operations as usual. And that bores me.
Sure, we could argue about the future purpose and value of a
publisher but most (if not all) the big trade houses are doing better now than
they were three years ago and continue to sign the big authors and sell lots of
units. The amount of attention given to
the self-publisher model is disproportionate to its viability as a solution
better than that delivered wholesale by a traditional publisher. Yet, to some,
the counter argument or disruptive solution is always more interesting and
therefore garners more attention. There
will be more big success stories in self-publishing but the larger point isn’t
about replacing the old model with the new—it’s more about incorporating the
new model into the old. Where
self-publishing was derisively termed ‘vanity publishing’ 10 years ago, it
could now be considered a vital component of a better, more efficient
publishing industry.
This set of predictions was harder to conceive that those in
prior years and I am not sure why that it is.
I’ve been going through this exercise since 2007 (the year I started
this blog) and so went back over some of the things I suggested in years
past. For example, in 2007, I said:
- Several major US colleges will teach various social science courses entirely in simulation. The courses will not be taught in traditional lecture form but entirely within the software simulation.
Now, five years later, there have been some experiments in
this area but my comment was uttered in a time when everyone was building a
home in the simulation game world and, at the time, it seemed inevitable we
would all be spending half our lives in SecondLife. Clearly that never happened, and on the other
hand, during 2011, I spent many weeks looking into the medical simulations
‘business’ which is very impressive and continues to push the boundaries of
real simulation in education and training.
What’s important here is that simulations solve several business,
operational and administrative issues for schools and hospitals which drives
the business case for their adoption.
That might not have been the case for SecondLife (at least in a
comprehensive sense).
The anticipated benefits of simulated learning will only be
realized if they solve a business problem(s).
As I saw during my short research project, in medicine and especially
nursing, there are very real addressable problems that simulations solve for
educators and administrators. Some of
the simulations centers I visited are almost exact replicas of hospital wards
and operating theatres. It is quite incredible.
The money poured into hardware at these
centers is significant (and growing) but the next big change in simulations
training will be how traditional medical content is integrated into delivery in
the simulations context. No easy thing,
but the merging of the practical and the theoretical is viewed as critical by
educators and practitioners. The medical
segment is representative of how education publishing in particular still has
significant challenges to address as their industry deals with changes in
technology, delivery and performance measurement.
The following year (2008), I incorrectly predicted “McGraw-Hill
will reorganize its business much as Thomson [Cengage] has done. MGH education could
be sold to private equity.” The impact
of the sale of MGH in 2012 is unlikely to drastically change the publishing
landscape in the short term, but there may be larger structural changes across
the entire business that will be more interesting. As we know, Apple is set to make an
announcement soon which is rumored to be about educational publishing. If
that’s true, it might stimulate some fundamental changes in education similar
to the impact iTunes had on the music business.
Sticking with education, in 2009 I suggested that the Obama
administration would make wholesale changes in education policy and become more
‘federalist’ in approach. As some
‘celebrate’ the ten-year anniversary of ‘No Child Left Behind,’ the
administration is pushing more (or allowing
more) responsibility to the states for education policy while at the same time providing
more assistance to ‘failing’ schools so they can improve. If anything, the Obama administration may be
more ‘activist’ with their assistance versus the prior administration and this policy
(or set of policies) is likely to aid education publishers in the provision of
the next generation of assessment tools, which will be oriented more toward
remediation and intervention (and which I touched on in 2010).
Last year, I focused my prognostications on the concepts of
curation and community:
The growth of intimacy assumes that
users will seek closer relationships with their core community of friends,
workers or communities of interest in order to make decisions about the content
they access, the products they use and the entertainment decisions they make.
Book publishers, retailers and authors will need to understand how to actively
participate in these communities without ‘marketing’ or ‘selling’ to them.
Facebook is obviously the largest social community but, within Facebook, there
are a myriad of smaller ‘communities’ and, within these communities, the web
becomes highly personal. The relationships among the participants becomes
‘intimate’ in the sense that the participants share knowledge, information,
even personal details that in a traditional selling or marketing environment
would never be breeched by the vendor. The dynamic of selling becomes vastly
different in this context and publishers must find a way to understand these
new communities, the influencers that dictate behavior and the motivations that
contribute to selling products (and services potentially).
I still believe the above to be a trend even though it
hasn’t developed as quickly as we might have expected. I fully expect the
concept to mature over the coming years.
Which suggests a lead-in to a theme for my 2012 predictions:
Where 2011 was about the community providing a filter for its ‘members,’ 2012
will be more about the community helping focus/apportion the attention of its
members. In a screen-based entertainment
world, publishers will struggle to assert their right to a user’s time against
competition that includes every media option out there from games to TV to
social networks. This is different than
the former paradigm because all media usage is rapidly migrating to tablet and
applications-based consumption. And this
includes television.
With both major book retailers actively engaged in the
tablet wars, it seems inevitable that tablets will be the predominant delivery
mechanism for publishers’ content, including trade and education content. So, if our content is delivered on these
devices, how do we establish and hold the user’s attention in an environment
where the user can skip from media to media with almost no friction whatsoever.
The answer to this question is partially reflected in last
year’s post regarding community and curation.
The most significant challenge publishers will face is getting their content
shared and linked to and powerful social network marketing programs will be at
the center of this effort. This doesn’t
only apply to trade content--‘communities’ organized around ‘influencers’ such
as academics/professors, institutions, specific courses, etc. will also drive
the sharing and linking of educational publisher content. For example, an individual interested in
business entrepreneurship might ‘friend’ the Harvard class ‘Entrepreneurship
101’ and use the reading list to guide his or her personal reading.
Another key aspect of the quest for attention revolves
around the metadata and the supplemental content publishers produce for all
their content. Most of this remains
either dis- or un-organized. A lack of depth
and accuracy of meta-data is still a deficiency shared by most publishers, even
as the need for more meta-data expands.
On the whole, publishers are probably getting further behind. The thing that will help publishers win a
larger share of attention will be multiple ‘entry points’ that enable the user
to interact with their content and allow influencers to share and link to
it. Not only do meta-data files need to
be robust and detailed, but users need to be able to easily find references,
indexes, TOCs, links, etc. and reviews as well as alternate views of the
content (audio, video, even perspectives).
Not only do these various elements provide ‘hooks’ which users can grab
in multiple ways, they will also serve to build loyalty and authority for the
content itself. And this could ‘index’
the content so that it scores high-ranking positions when consumers seek the
content you are selling. Thus, the
entire process feeds on itself.
Searching for Attention will represent a significant
challenge for all content owners but
particularly publishers, as content amalgamates via the tablet platform. Not for nothing, I think I’d rather go on
that journey with B&N and Amazon versus Apple or Google because at least
they are booksellers. Whether that’s
enough remains to be seen.
Here are some additional trends to watch for over the next year
or two:
- The MGH deal aside, there’s a good chance we
will see additional movement in the ownership of segments of the education
business. Cengage will have little
difficulty with their refinancing (doesn’t mean there won’t be any pain) but
educational units on the periphery (medical, legal, etc.) may witness more consolidation
in the coming year.
- With the ‘settling’ of eBook content and
processes within many publishing houses, we’ll begin to see more
experimentation from publishers especially with expanded definitions of
traditional book content. We’ll see eBook
content – the ‘book’ part as a component of something that looks more like an
issue of an online magazine. Obviously,
an ‘issue’ where the ‘book’ part is the focus but ancillary material (in the
magazine sense the supporting articles) lend deeper meaning, context and even
leads to obvious tie-ins and sequels.
Essentially, I think we will begin to see the beginnings of the renaissance
of the ‘book’ that everyone has been moaning about.
- In an area that I am focused on, we will begin
to see a rapid movement towards atomizing educational content. Apple may well announce an educational
publishing version of iTunes where content is such as chapters, cases and
articles are sold in parts as songs are sold versus albums. Watch for a painful realization about
pricing. The al a carte approach for
content purchasing is something educators and institutions are looking for and
initiatives similar to the iTunes model are being welcome
because they empower people to make better choices.
- In sport, it will be a tight run thing at the top of the premiership this year but I still believe Manchester United will beat out Manchester City for the title. England will come second in the medals table at the London Olympics.
No comments:
Post a Comment