The characteristics of Social Media continue to evolve. The combination of Internet and smart phones are allowing for constant and instantaneous interaction.
Some of the results of this dynamic are good, others not so.
The latest manifestation of a good example is the “crowdsharing” efforts by Tomnod to help identify the wreckage of MH370 in the South China Sea.
The specific and more general implications of such sharing are profound.
All things have their natural cycle of development and decay – even in the digital world.
The observation and research suggests the development is inherent and faster. Their focus is online gaming – such as ‘Candy Crush’. Despite its phenomenal success, with 500 million downloads and being played 150 billion times, it seems to have topped out; (like ‘Angry Birds’). At a broader level a recent study from Princeton University has highlighted the risk of social network epidemics. The researchers see Facebook’s membership declining by 80% by 2017. At a recent London conference a Google representative echoed the company’s fear of remaining relevant.
In short do we understand the forces that drive financially viable innovation? Can we harness them? Or are they just fads.