To see the article in the full splendor of the print version, go to the MediaTitles website, which has the full publication viewable using Realview Technologies (with the article reformatted to take out the lists of four, which I think is a pity). My article is on pages 7-10.

The (original) text of the article is below.

CREATING THE FUTURE OF MEDIA

These are the best of times, these are the worst of times. The global economic crisis, coming on top of a dramatic transformation wrought by the rise of the Internet, is creating the swiftest change in media industry structure ever experienced. Newspapers and magazines are being shut down at an extraordinary pace all over the world, journalists are losing their jobs, and broadcast media are under threat as sliding advertising revenue hit an unmoving cost base. Yet as the world shifts towards what will be truly an all-encompassing media economy, there are extraordinary opportunities ahead for media organisations.

This is a critical juncture to examine the future of media. Magazines have and will continue to be central to how we learn, socialise, entertain ourselves, and make buying decisions. Yet the magazine industry will undoubtedly look very different scant years ahead. It is our role and responsibility to create the future of media, rather than to let it happen to us. To do that, we need to examine the most central driving forces, strategic issues and capabilities in the evolving media landscape.

Four Driving Forces

I'd be keen to know the proportion of sales of this album and the songs on it online versus through CD. It would almost be surprising if she sold much in CDs at all, because her presence is so online..

I notice Imogen on Twitter now has over a million followers.

A bit tangentially, I just found this beautiful video of a beautiful song by Kate Havnevik, who I found through collaborative filtering and Imogen's music. If you like Imogen you'll absolutely like the extraordinary Kate. (note that it doesn't start for 10 seconds)

When asked why we rebadged Future of Media Summit as Future of Influence Summit this year, I explained why “influence is the future of media”, and the five key trends in how influence is transforming society.

Duncan pointed to how the rise of Internet and social media means that influence can now be global. He also raised the issue of trust agents, and what it takes to be trusted as a publisher. We have more choice in what we look for, and so we need markers of credibility.

On the topic of business models for influence, I talked about two key ideas. The first is whether and how individuals can profit from their influence, and how that will develop. The second is the emergence of influence as a currency, and the companies that profiting from making influence explicit for companies.

Listen to the long version of the interview for more details.

Futurist and author Ross Dawson says the next big shifts will pivot around how we connect to other people and “how we share the content of our lives with others. It’s all about the social use of technology.”

Analysts predict that rather than a new Twitter-styled platform emerging, social networks will move towards being meshed or interconnected. They say private and public data will blur together and an advanced version of the social networks of your choice will be your browser of entry point.

One of the phone features required for this app to run is the magnetometer (compass). This has been available on many Nokia and some other handsets for a while, and makes its iPhone debut with the 3G S. Magnetometers are actually very inexpensive, but allow a wealth of new mobile applications that depend on knowing which way the camera is oriented.

There is no question that augmented reality will be a key feature of our technological future, and clearly this will be primarily relevant when we are mobile. Annotation of our environment, including detailed information about its features, and particularly user-generated content, will be extremely useful as well as fun. The pervasive nature of the iPhone means this is the platform which is likely to popularize mobile augmented reality. Layar is a player and no doubt there will be more.

Additional commentary from TUAW, IntoMobile, ReadWriteWeb, AndroidGuys, and MacRumors.

I am always interested in comparing countries, so I pulled out and analyzed their statistics on where Twitter users are located to calculate the proportion of the population that are use Twitter. I used the Sysomos data on Twitter usage, the ever-handy Nationmaster for population figures, and a combination of the recent http://rossdawsonblog.com/weblog/archives/2009/04/at_current_grow_1.html combined with Sysomos data on recent growth, as well as our own estimates.

The US is in the lead, not surprisingly, though by a far lower margin than even just six month ago. The global growth of Twitter has accelerated recently, making usage in a number of other countries not far behind that of the US. The English speaking countries - Canada, Australia, UK and New Zealand - follow close behind, with Norway the stand-out in non-English speaking countries, together with the Netherlands and Sweden. The figures suggest Twitter is a truly niche interest in other countries, including France and Germany.

Here is my presentation – as always these are intended to accompany my speech, not as stand-alone slides.

I hope to write some more on this blog on this topic before long, though it depends what I can fit in…

In short, it was a great event, with close to 80 very interesting people in attendance, and excellent energy during the presentations and ensuing conversation over drinks.

I won't replicate the fantastic write up of the event by Andrew Mager on ZDNet's The Web Life blog - check it out for a great overview of the proceedings and some of the ideas that flowed through the evening.

A video of my presentation was taken - I hope to post it up here soon.

I was asked some interesting questions in the interview, so to paraphrase them and quickly respond:

Is this a concern for Twitter’s executives?
Absolutely. It’s one thing to get massive numbers of new users. It’s another thing to retain them. Unless Twitter can change this, it will never conquer the world as some suggest it might.

The most recent unemployment statistics for Silicon Valley below illustrate how the region has greater cyclicality in unemployment than almost any other region in the US. In good times unemployment can fall to almost nil, in bad times unemployment rises faster and higher than most regions.

The recent dramatic upturn in unemployment is likely to be far from peak, with for example the mooted IBM - SUN merger potentially leading to 10,000 layoffs, a large proportion of which would likely be in Silicon Valley.

What is bad news for some is great news for others. Bringing ideas to market takes talented people. In good times those people are either not available, or cost too much for start-ups to engage. Today there are once again fantastically talented people who are looking for opportunities, and willing to work for lower - or even no - income in return for a share of what might become big later.

This balances out to a large degree the far more constrained availability of investment capital. The money may not be flowing into start-up companies at a massive pace, but they need less.

So don’t expect innovation in Silicon Valley (or anywhere else) to dry up. The spigot of one of the key enablers of innovation - talent - has just been turned up high. Entrepreneurship is being democratized as more people with ideas and energy are able to execute their vision, rather than being constrained by lack of resources.

This is just one key driver today resulting in the pace of technology innovation going up, up, up…

Last week I gave the opening keynote at the Direct Selling Association of Australia annual conference. The theme of the event was “Defining our Future,” so they wanted to kick off with big picture perspectives on the future of business from a leading futurist. My presentation at the conference is here.

I had never been exposed to the industry before, however in preparing for my keynote, and at the event itself where I came in for the cocktail reception the night before and stayed on for the CEO panel following my keynote, I gained a number of insights into the industry and where it stands today.

The Direct Selling industry is comprised of three major segments: personal or door-to-door sales, such as the classic Avon model; party plan, for example Tupperware; and multi-level marketing (MLM), exemplified by Amway. All of the models rely on face-to-face interaction and relationships.

The industry definitely has image issues. My general observation is that there are undoubtedly some in the industry who contribute to that perception, however any who are successful in the long-term are absolutely ethical and genuine. Distribution based on face-to-face relationships is absolutely a valid business model and economic sector.

Here are some of the things I learned or observed about direct selling:

1. Economic downturns can be great for direct selling.
What drives the industry more than anything else is the availability of talented people becoming distributors. When unemployment rises, people seek new ways to make money. The increase in motivated distributors can outweigh lower sales per individuals to create higher revenue.

But the thing that really gets me is that you cannot use an external keyboard on the iPhone. Unlike the other issues, there is no way you can argue this is a technical problem. Apple has deliberately crippled the Bluetooth functionality so external keyboards can’t be used.

The whole point of a smartphone is that it can be your central hub when you’re on the move, increasingly obviating the need to carry a laptop around. If the iPhone had an external keyboard, I could use it for a large proportion of my needs when I’m on the move or travelling, including email, working on documents, blogging and more. For now I have a choice of carrying a laptop, or taking a Palm and external keyboard with me in addition to the iPhone, just so I can write.

The slides for my presentation are below. As always, these are intended to accompany my keynote, not as stand-alone slides.

The presentation includes a diverse range of examples of markets that are currently growing:
Guitars
Home renovation tools
Home gardening
Books
Cookware
Lipstick
Quality jewellery (in the case of my wife's business www.victoriabuckley.com)
Brain fitness
Clean energy
Robots
Aged care
Mobile applications
Events (done well, in the right sectors)

I'll write more soon about the array of growth markets that offer great opportunities at the moment.

When this morning I Twittered about how we have a new acronym that doesn’t need to be explained, I got some interesting responses. @ITSinsider in America said that she had heard it before from someone else in Australia. An Australian initially thought I meant Geelong Football Club, so googled it to find out.

Which gives very interesting results…

If you Google “GFC” in Australia the #3 result is a newspaper story Tough week ends in talk of ‘GFC’, dated from October last year, with four of the top 10 results referring to the planet’s economic woes, including three newspaper headlines.

If you Google “GFC” in the US, aside from a #5 entry from Wikipedia which includes various acronyms including the contemporary one, the first entry which refers to GFC in this way is at #45.

So are Australians particularly acronym-crazy? Are we in the vanguard of what will be a global trend to summarize the state of the world as GFC?

Of course the very best thing about GFC is that it is an easy explanation for everything, in three easy letters. It was all getting very complicated for a while. Now it’s simple again – yay!

The presentation is below (usual caveats - this is not intended as a stand-alone presentation but to accompany my speech). I'll write more about this soon, but now I must get to bed - it was a long (though fun!) day at Enterprise 2.0 Executive Forum today.