|
Comments
Did you read today's front page stories & breaking news?
SYS-CON.TV
|
Social Business Software New Business Monetization Network Models – Google+ vs Facebook
Why social networking ecosystem architecting is going into mainstream
By: Mark Skilton
Jul. 25, 2011 02:00 PM
A number of interesting issues have come to light in the recent announcement of Google+ intention to move into social networking in direct competition with Facebook. "Getting It"
Don't get me wrong, Facebook has obviously been wildly successful, but with all that tag and edge data just collecting there, it's kind of up to the user to work out how to make use of it. It's a good business growth model to get your customer to do all the work of course, collecting and contacting friends, tagging photos and linking to other "walls" and events that are of personal interest. A veritable cornucopia of semantic identification and "hot topic" trending. And it's not a phenomenon to just Facebook - Twitter hash tagging, YouTube video ratings and Groupon location-based deals all target trending behaviors. Whole online businesses have even been built on this premise such as Foursquare, driving location-based incentives; Quora facilitating knowledge marketplace exchanges between users and Last.FM recommendations engine feedback based on past listening and viewing behaviors. The list is growing. The value of information and its connections between interested parties feeds on itself as more possibilities become evident from connections between the owners and consumers increases. But let's recall why Myspace fell from grace from its hedonistic year of 2005: One industry observer concluded in their blog that factors resulting in its demise included an inability to appeal to the aging teen customer base it had originally "captured' as they became young adults, its lack of innovation, a lack of understanding about itself, and a lack of control over its own destiny. At the end of 2010, Myspace's chief executive Mike Jones admitted the site was no longer a social network but now a "social entertainment destination." But it's hardly surprising that things do change in business and Facebook has evolved in its short and glorious life, introducing gaming integration like Farmville with mass appeal, and it's certainly still its own master with an IPO likely in the near future. With Google's attempt to launch Google Wave and the recent Google Buzz, this is not always plain sailing in trying to create a new game changer in "composition of web social experiences" or a Facebook "killer app." At the center is the need to understand how ecosystem domains segment into social and business networks and, furthermore, how dynamics of online and physical communities really work. Perhaps this time round Google has hit on a more intuitively aligned function that mimics social media behavior rather than trying to manage it.
New Social Network Architecture - Understanding the "Edge" A view is that these connections are more likely to succeed by understanding the mapping of online and physical social networks behaviors in the wider ecosystem in a much more direct way.
Building Architectural Value in the "Cloud of Contextual Networks" But it doesn't stop there. Combining search engines, personal, social and corporate preference data and expanding the myriad of online activities and interactive experiences of endless possibilities, and opening up geographical markets and the security and market trade legislations are just some of the other challenges that face this evolution. This has already started and the truth is we probably haven't seen "nothing yet" as to what the possibilities of new dynamic social and business networks could be in the future. The challenge for companies is in visualizing and identifying how their business model and markets are changing and can be changed through new network ecosystem architectures. For a large enterprise such as Google it may be they can make the next leap forward in contextual searching and tagging with its search engine, so that it can create real value to the social networking. Could another grand slam result? The customer doesn't have to work all the time to search and get added value information and content. Equally, from the consumer side, the challenge for large-scale country and regional marketplaces will be in the ability to create and incentivize competitive policies for products and services that enable interoperability and commercial success across the many business and social networks and cross-cutting provisioning and sourcing opportunities. In practice the very concept of competition may be a kind of co-evolution when seen through the lens of networks and ecosystem big picture thinking. When looked at it from the perspective of edge data and tags, the intersection of shared data could never be more conjoined. Data exposed can be connected or searched and the barriers to entry or use of that information can potentially be lowered and a different kind of experience can be created in social and business networks. What's to stop information from being reused from one service to another if the personal data is portable and connectable? These walls can be broken. We have already seen examples of embedded services of Google connect running on Microsoft Office or Google Android connections to synchronize with MacBook online stores. In future months and years much of this will be played out in the ensueing battles of where the data and services will be hosted, the patent and IP content battles, and the interface APIs that connect networks. "Innocence Lost" - The "Walled Garden" vs the "Free Network Ecosystem" Perhaps it is "innocence lost" as the realization that the growth of connections comes at a price of personal privacy and security issues with the increasing awareness of new connected value models that are made possible through the edge and networks. If the volume of written material on the Internet regarding the issue personal security is anything to go by, this is surely a big issue. The possible threat of hackers accessing your profile or the less nefarious but none-the-less insidious unapproved use of network social graph connections raises questions of "how secure is your edge data?" and "what data is being collected about you and what is it being used for?" Yet the explosive growth of the Internet continues to drive relentlessly forward in spite of these technical and real social concerns. The "walled garden" of security and information networks may be a thing of yesterday-year, which kept "the lid on things." However, this may no longer be completely sustainable as the pace of innovation removes advantage in a matter of a few years and the value is in the network of interconnections and the wider ecosystems of products, services and sustainability of the environmental impact. Ultimately it's in understanding the connections to the people and marketplaces and how this is enabled that grows the critical mass to succeed. Impact on Monetization Strategies If lessons are to be learned from the shooting star rise and bust of past hyper growth and rapid demise of the user network base to new entrants, it's this: a keen understanding and regeneration of new value networks must surely be an imperative. This is not just an issue for well-known public cloud sites, but probably an even bigger need for smaller players and the markets that they operate in to reach those citizens and customer networks in an effective and monetized way. Constructing channels to pull networks and consumers as well as services and products together will be an important part of creating sustainable monetization volume with appropriate services and products that target the real needs of those individuals and network dynamics. References Reader Feedback: Page 1 of 1
SOA World Latest Stories
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
|
SYS-CON Featured Whitepapers
Most Read This Week |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||