Digital media explodes in supply

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The Gist

As the infra­struc­ture of the Inter­net has been solidly put in place and the tools to cre­ate dig­i­tal media dropped in price and in skills as a bar­rier to entry, the sup­ply of dig­i­tal media has exploded. Think YouTube, Pod­casts, etc.

Ori­gins

  • Dig­i­tal infra­struc­ture has been put in place, is robust under nor­mal cir­cum­stances and is increas­ing in scope.
  • Dig­i­tal con­tent cre­ation capa­bil­i­ties drops in price and skills required: cap­ture tools (hard­ware: dig­i­tal cam­eras, etc.) as well as con­tent edit­ing tools (soft­ware: the Apple iLife suite for example)

At Stake

Strat­egy: shakes the media indus­try value chain; impacts all media com­po­nents in other industry.

Mar­ket­ing: death of tra­di­tional adver­tis­ing; rise of social media.

Cor­po­rate: has to be taken into account for all KM and inter­nal mar­ket­ing efforts.

Action­able ?

To be updated.

Ref­er­ences

Umair Haque’s work (blog 1, 2, 3) is sem­i­nal as well as John Hagel’s one.

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photoby Julien Le Nes­tour
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Random Quote

Take away my people, but leave my factories and soon grass will grow on the factory floors……Take away my factories, but leave my people and soon we will have a new and better factory. — Andrew Carnegie