Today, November 9th, marks the last day of the third annual Web2.0 Conference (just renamed Web2.0 Summit) held at the Palace Hotel in San Francisco. While there have been many interesting new projects announced, joint ventures ventured and creativity using the Internet is obviously booming, I have my doubts about the true use of some of these companies. So many of them are innovative, but is there really a market demand for 3D web browsing and a system to divide and monitor shared expenses?
Personally, I’m all over exploring these things because this is my life, 24/7. But how many people outside the world of technology will find these innovations useful in the next couple of years? My point is that there are other companies out there which are changing the way we live our daily lives TODAY. Web2.0 is about converged, interactive and highly available content and I want these things now. As Amazon.com’s Jeff Bezos commented at the Summit, “Amazon’s Web Services will be meaningful business.” Note that he’s speaking in the future tense.
Webware.com has done a nice job delivering the news from the Web2.0 Summit and it’s certainly worth a read to see where we might be headed in three years, but let’s talk about what’s changing now, how all of this might come together to make a meaningful change in our lives today and into tomorrow and of course let’s think about the many revenue-generating opportunities this creates.
I have wanted to write about this subject for about a year and a half, ever since I first watched “Epic 2014” which discusses the future of the “Google Grid” and its hypothesized takeover of all media, content, advertising and delivery. Then, a couple of weeks ago I was reading more about IPTV/Internet Television and the possibilities of this form of content delivery, and that’s when things really started to come together in my mind.
Brightcove.com, based in Cambridge, Massachusetts has already developed a model to deliver custom and targeted advertising to IPTV viewers and created the video marketplace to provide the content as well (useful competition with YouTube?). Michael Kanellos with CNET News.com wrote at the end of October, “For example, a news site on extreme sports could get a feed on foreign surf competitions from an established news agency like Reuters, resell or syndicate its own clips to online outdoor-clothing merchants, and put ads in the videos it produces.”
Another company leading the way is Spot Runner which “provides commercial production, media planning and media buying services to help local businesses make ‘ads’ cheaply for local TV.”
And, Spot Runner just received another $40 Million in funding from such advertising and media giants as WPP, CBS Corporation and Interpublic Group. Imagine Brightcove and Spot Runner coming together to provide their services in a combined, converged format? And imagine how far they’ve come with their offerings since these pieces were written! This is where we are leading…
On October 31st of this year, Om Malik of GigaOM.com discussed the possibility of an IPTV boom in the making. In it, he quotes Jeff Heynen of Infonetics Research, ‘“IPTV is still in the ‘kick the tire’ phase, with service providers doing trials rather than mass deployments, but there’s no question that IPTV is going mainstream.”’ Many imply (including Malik) that, like many other technology innovations (such cellular services), Europe and Asia will probably be at the forefront of this wave. However, with companies like Spot Runner, Brightcove and ChoiceStream adapting their thinking in the US, we may have a chance to claim this one first.
DirecTV announced this week that they have partnered up with the Cambridge, Mass. based company ChoiceStream, to enable their customers to rate programming and receive personalized recommendations. Erica Ogg, of CNET News.com wrote more about the implications of this move yesterday. This is just one of ChoiceStream’s partnerships (others include Yahoo and eMusic) to provide customized advertising and content delivery.
Now, all of these companies, their services and many, many others are combining to create the future of information access, media and content delivery and the associated and relevant advertising to boot. Donna Bogatin of ZDNet, has researched and writes about this age of ultimate convergence on a daily basis. One of her recent blog posts summarizes a part of this path (IPTV) quite nicely I think:
“The proposed framework for combining mass media with a highly personalized Web-based experience “listens” to ambient audio and connects the viewer with services and related content on the Web via three-components:
· a client-side interface
· an audio-database server
· a social-application Web server
“Will we soon see Google ITV?”
While Google ITV is a possibility, there will be other options available before that happens. With the increasing adoption of bandwidth in the home and the encroaching FIOS (Fiber to the home), “Triple Play” will take on new meaning very, very soon. Telecommunications and cable companies are already going head to head to be the first and best to market with their offerings, but the channel to deliver the services is only part of the package. It will be companies like Spot Runner, Brightcove, ChoiceStream and many others that will really make the difference in providing the “complete experience.”
Your comments are more than welcome.