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Twitter

The Economist explores the world of social networking in a special issue, everything from Twitter to Yammer.

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When I’m not blogging, my day job is at Viewsflow – a startup that aggregates economic and financial analysis.  We also have an impressive technology platform behind it that obsessively tracks all those that dare to leave their footprints in blogs and the Twitter-sphere.

Impressed yet?  Or maybe just a bit scared?

Anyway, with all that Apple iPad madness and all, at Viewsflow, we’ve decided to give away an Apple iPad in the coming three weeks.

I’m pretty sure working for Viewsflow will disqualify me from ever winning, so readers of my blog, go forth and snatch the prize!  Seriously, I am giving up my wages for this, go get it!

Seriously.

Here’s the link where you can find another link to sign up for daily our newsletter (or just click and sign up here directly), which is what you gotta do to quality.

Here’s more about Viewsflow.  And, against all odds, we are actually based in London.

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newspapers-business-model-aggregator Many have argued that content aggregation is the way to go for the internet.  Some have gone so far as to claim “aggregate, or be aggregated”.  So far, no one’s disputing the inevitability of such a future.  Under the radar, WSJ owns All Things Digital, and NTY runs Blogrunner.  Both are experimenting with those ventures to hopefully work out some kind of business model.

This is done, despite venom spouted in the background that claim those aggregators tapeworms or parasite, siphoning off the hard labour of old media whose only mistake is playing by the rules.  Aggregators in the meantime, have taken off.

Digg started the trend off, by promoting a system of voter-sourced news that is real time, streaming, and democratic. A slew came on board soon after.  Stumbleupon, Reddit, Sphinn, and many topic and industry-specific Diggs have sprung up to varying degrees of success.  In the last few years, Twitter – broadcasted in 140 characters or less, is the service that keeps on giving.  It is now becoming the tool people turn to break news, do status updates, and my favourite use: alternative social bookmarking service.

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The news media is now scrambling to find a feasible business plan that could replace its print readers, and to stop the cannibalization of its content, indexed and marketed by Google, without any monetary compensation.  Media moguls have blasted everything from Google, bloggers, to those aggregators for egregious use of their content.  The proponents have told those old guards to bugger off. Those old men retorted by threatening to cut access.

This carries about as little weight as the paper it’s printed on. People that used to make a decent living from writing and reporting, have of course, been squeezed between a rock and a hard place.  No one likes to talk to themselves. So the goal of any self-respecting reporter is to get exposure, and engage with readers.  Blogging has taken much of the prestige of reporting away. Nowadays, anyone who has the patience to sit down and write may win a sizeable audience in due course.

Reporters write to spread ideas, to inform, to shock, to educate, and to communicate.  To threaten to barricade their writings behind a paid wall does little to solve the problem, as most will sooner have their breadline cut off, than their reputation and influence diminished, to which the accessibility of their work is based upon.  The world of blogging has opened a floodgate to give voice to academics and those previously toiling behind closed doors, whose impact has been so profound that the CSM has bravely argued that without special skills, reporters are not worth the high pay that many had taken for granted.

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digital-information-versus-paper In 1966, the Harvard Business Review introduced the idea of “paperless clearing houses”, in reference to the emergence of digital data storage. Since then, the microprocessor industry emerged, personal computers were introduced, and before we knew it, everyone is connected by the web. The delivery and the digitization of data is no longer a fantasy.

But the implementation and eventual realization of this inevitable “paperless” world, however, is taking longer than expected. Ten years ago, we were told that every participant in the information age is marching towards the digital world in more or less uniformity. But despite the obvious technological leaps, we are still far from a paperless world.

Paperless for some

So far, we have managed to scrape a layer off of perfunctory bookkeeping. In areas such as online tax filing and the digitization of our numerous monthly financial statements, the quick and convenient source-to-records applications have surely saved both cost and time for all parties involved. In the case of communication, personal letters are replaced by the superior email deliveries. In those cases, paper as the medium of communication has been eliminated.

Now with various access points for information, cheap storage devices, accessible scanners and various other forms of affordable technology, all of which are competing to drive paper out of our lives for good, what is the outlook for paper?

Professional uses

The term “paper-pusher” was coined for a reason. Knowing that, it should not be surprising that paper is far from disappearing, particularly within some of the older professions. In legal and business communities, for example, cyber security risks, as well as legal concerns still mandate paper record-keeping for a period of time.

From my own experience in a corporate setting, printing is not something you can move away from quickly. Most businesses operate from desktops, thus short of sharing your desktop – which many more tech savvy businesses do on a regular basis, one need to print off documents in order to discuss and demonstrate. Plus, even when performing numbers-related tasks, where computer applications are assets, printing documents for review is deemed mandatory as a last check-up.

Portability of paper and paper-related products

Papers cannot die because they are portable and cheap to discard. You can carry around pages without worrying about scratching an expensive device or drawing unwanted attention, or marking the pages up and down while doodling on them. You can also make printed copies of paper and distribute them at a meeting, without worrying about whether everyone has a device on hand through which they can retrieve the information.

Holding something tangible in your hands

Smart Board got big because they capitalized on our need to create something from scratch, and the ability to transport that creation into something instantly digitized, shared and easily transferrable. It captured the appeal and convenience of an old-fashioned whiteboard, while transforming it into something fitting for the 21st century business environment.