Spent the morning at a workshop run by DERI (Digital Enterprise Research Institute) at Enterprise Ireland. If we spent more time focusing on what we can achieve through the likes of DERI and the Irish Learning Alliance (ILA) we might begin to dig ourselves out of our current difficulties.
Excellent presentations by Johnny Parkes, Bill McDaniel, Liam Moran and Mark Leyden.
Web 3.0 – in terms of getting at the data across the web – has great potential. Poses interesting challenges/ questions for organisations traditionally obsessed with confindentiality of their data. However for those who understand and resolve the connundrum (sharing their data) web 3.0 offers the potential of much greater insights and decision making.
We’ve been there before – .com bubble & bust. But what will be the impact of the current economic collapse on the WWW business? The first time round many of the businesses did not have any real business model. The last number of years have seen ‘established’ businesses embrace and exploit the technology e.g. www.ryanair.com moving to a web based booking model only. However at the same time we have seen businesss such as the newspaper industry being almost annihilated by the move to the online world.
In tworecent pieces the Economist references the challenges being faced by many of the web2.0 and/or Silicon Valley companies. For instance how will Facebook extract value from its global penetration, how will Twitter make money?
Seems to me we will have the same result again. Those with a sound business model will survive. And a sound business plan includes providing something of value – ie something worth more than it costs. www.linkedin.com seems to be able to generate revenue from its business members. I think the www.ft.com offering whereby a limited amount of free reading is provided may be a way forward for newspapers. However business’s also need to understand that the technology itslef has changed the business environment. News cannot be delivered by print – comment/analysis/ out of the box thinking can be delivered in print.