book BubbleGeneration blog:
Sometimes, when industries are being disrupted by radical
innovations, you have to rely on intuition – and have the confidence to
build analysis on it.
Like media: looking at the innovation
landscape, and seeing Blogger, Technorati, podcasing, OurMedia,
Wikipedia, OhMyNews, etc, it’s not exactly following a risky hunch to
understand that micromedia is going to fundamentally reshape media
economics in simple ways (namely, that supply explodes relative to
demand, and so media deflation is an almost unavoidable short-term
consequence). What’s far riskier, if you ask me, is relying on metrics
that read obsolete industry economics – metrics that are themselves
about to be disrupted.
Hmm. Metrics like circulation? Like readership? Like pageviews?
Jarvis sums it up:
It’s not just that you get distracted by the cash but you also get misled by measuring success and failure by old metrics.