Digital Transformation of Businesses
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Sustainable Business Models for Commercial Journalism Startups: Chasing Sustainability on the Net

Sustainable Business Models for Commercial Journalism Startups: Chasing Sustainability on the Net | Digital Transformation of Businesses | Scoop.it

Robin Good: How can journalists and small news companies become/remain profitable in the years to come? What are the business moels that news-based outlets and professionals can consider adopting in their effort to become/remain sustainable?


A joint project of the University of Tampere, USC Annenberg and Waseda University in Tokyo, has decided to tackle these very set of questions by researching existing journalistic startups and analyzing their approach and results.


"...there has been much lively discussion about the future of journalism and its business model. However, there has been little research or academic focus to date on the business models for for-profit journalism startups..."


From the report Introduction: "Overall, advertising models that supported media offline seem – for the most part – unable to do so online.

Most attempts to shift business models online fail as they trade “old media dollars for new media pennies” (Nichols and McChesney 2009).


The fundamental trade on scarcity of space cannot hold value in abundant space. Yet advertising remains one of the bedrocks of revenue for most media organisations."


"This report outlines how online-based journalistic startups have created their economical locker in the evolving media ecology.


The research introduces the ways that startups have found sustainability in the markets of nine countries. The work is based on 69 case studies from Europe, USA and Japan.


The case analysis shows that business models can be divided into two groups.


a) The storytelling-oriented business models are still prevalent in our findings. These are the online journalistic outlets that produce original content – news and stories for audiences.


b) But the other group, service-oriented business models, seems to be growing. This group consists of sites that don’t try to monetize the journalistic content as such but rather focuson carving out new functionality.


The project was able to identify several revenue sources that include:  1. advertising,

2. paying for content,

3. affiliate marketing,

4. donations,

5. selling data or services,

6. organizing events,

7. freelancing and

8. training or

9. selling merchandise.


Where it was hard to evidence entirely new revenue sources, it was however possible to find new ways in which revenue sources have been combined or reconfigured.


The report also offers practical advice for those who are planning to start their own journalistic site."



Useful. Informative. Pragmatical. 9/10



Report: Table of Contents - http://www.submojour.net/archives/989/table-of-contents/


Full report (PDF): http://tampub.uta.fi/handle/10024/66378






Via Robin Good
Farid Mheir's insight:

Great reference to help start your digital transformation if you are in the journalism business. Very interesting collection of actual examples of business models exploring the different ways to make journalism websites profitable. goes way beyong advertising model.

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Digital Transformation of Businesses
A selection of documents, articles, papers, videos and other content for those interested in the transformation that is required when going 100% digital in an organization. I also try to highlight the impacts, both positives and negatives of that transformation. Like it? Please click "Recommend"
Curated by Farid Mheir
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Pyramid of Digital Needs may explain why you are scared of Facebook @fmheir #PrivacyAware 

Pyramid of Digital Needs may explain why you are scared of Facebook @fmheir #PrivacyAware  | Digital Transformation of Businesses | Scoop.it

This post explores the pyramid of digital needs. Based on personal experience and observations, I describe what this hierarchy may be composed of, map technologies that support them, and offer an initial analysis of the impact on individuals and businesses.

Farid Mheir's insight:

This is a new concept that I have been thinking about for a few year and that may help explain why some persons are not ready to have a Facebook account or share on social networks.

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Nevermore Sithole's curator insight, June 26, 4:34 AM
Pyramid of Digital Needs may explain why you are scared of Facebook
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AndyDrooker's curator insight, September 20, 3:11 PM
Very insightful!
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How cognitive technologies are transforming capital markets @McKinsey

How cognitive technologies are transforming capital markets @McKinsey | Digital Transformation of Businesses | Scoop.it

Cognitive technologies are transforming capital markets. Once the preserve of IT experts, they are now moving to center stage—offering enhanced speed, accuracy, and efficiency, and creating 20 to 30 percent in additional capacity, as employees in areas such as post-trade processing are freed from automatable tasks to focus on higher-value activities. The challenge for market participants, facing an array of solutions, is to implement at scale and capture the maximum value at the lowest possible risk.

Farid Mheir's insight:

WHY IT MATTERS

AI is entering the financial industry in droves and as this article from McKinsey shows, using digital technology may become essential to survive for many organizations.

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$93B vision fund investor and SoftBank CEO has only one belief — #Singularity

$93B vision fund investor and SoftBank CEO has only one belief — #Singularity | Digital Transformation of Businesses | Scoop.it

The Singularity is coming, Masayoshi Son says. His main thrusts:

  • The Singularity, when artificial intelligence finally outstrips that of humans, will replace huge swaths of jobs.
  • The number of sentient robots on Earth will rival the number of humans.
Farid Mheir's insight:

WHY IT MATTERS

AI will have such a profound impact on our society that it may represent the biggest threat and the biggest opportunity for the future. SoftBank has been clear about making this its top investment priority in the coming years. Others should take notice.

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What is popular regarding #AI on twitter today #visualization

What is popular regarding #AI on twitter today #visualization | Digital Transformation of Businesses | Scoop.it

The graph represents a network of 3,518 Twitter users whose tweets in the requested range contained "(Artificial Intelligence) OR #AI", or who were replied to or mentioned in those tweets.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

Different way to visualize trends using twitter data.

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3 predictions for the future of retail – from the CEO of Walmart

3 predictions for the future of retail – from the CEO of Walmart | Digital Transformation of Businesses | Scoop.it
This is what your shopping experience will look like in the future.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

First, it is from the head of the largest retailer on the planet. Second, it draws from insights - and a great video - from the World Economic Forum.

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prgnewshawaii's curator insight, September 21, 1:43 AM

Thanks to reporter Farid Mheir on how e-commerce is changing the retail and marketing industries. Big changes are now afoot in how we produce, distribute, and buy goods.

Russell Roberts

Hawaii Intelligence Digest

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Canadian emerging #technology investment trends predicts shift by 2020 #funfact @pwc

Canadian emerging #technology investment trends predicts shift by 2020 #funfact @pwc | Digital Transformation of Businesses | Scoop.it

Are you ready for the next wave of emerging technologies? It includes the “essential eight”: Internet of Things (IoT), artificial intelligence (AI), robotics, 3D printing, augmented reality (AR), drones, blockchain and virtual reality. While these emerging tools hold promise, they must compete for attention with today’s game changers, such as cloud, mobile and analytics.

As it stands, the most meaningful investments in emerging technology today are flowing to IoT and AI. Over the next three years, growth is expected across a broader spectrum of technologies, with robotics, AR and drone technologies poised for the greatest near-term growth. As far as disruption goes, 28% of Canadian executives say AI will shake up their industries and businesses over the next five years. And IoT (52%) and robotics (15%) are seen as holding the most potential to cut costs.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

Investments in new technologies always compete with more traditional ones and the future appears to bring a whole set of new areas that will require attention and $$. Which one to prioritize is the question your strategic plan should answer.

See PWC digital IQ report here: https://www.pwc.com/us/en/advisory-services/digital-iq/assets/pwc-digital-iq-report.pdf 

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The IoT’s potential to forge connections (infographic)

The IoT’s potential to forge connections (infographic) | Digital Transformation of Businesses | Scoop.it
Devices that share their data are set to change the foundation of intelligience, and therefore, industries.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

There really seems to be a perfect storm brewing in the back office of most organizations with IOT + AI + big data + blockchain + AR-VR. Watch out for major disruptions in the coming years with new players that will leverage tech to make back office more efficient.

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prgnewshawaii's curator insight, September 21, 1:49 AM

Thanks to reporter Farid Mheir on how the Internet of Things (IoT) is changing the face of business, marketing, and social institutions.

Russell Roberts

Hawaii Intelligence Digest

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Bank of America shift physical to digital, closing 26% of its branches in favor of #mobile

Bank of America shift physical to digital, closing 26% of its branches in favor of #mobile | Digital Transformation of Businesses | Scoop.it

Since 2009, Bank of America (BofA) has closed 1,597 branches in 253 counties across the US, selling the spaces to local banks in some areas and directing customers to further branches in others, according to The Wall Street Journal. For context, that's equivalent to 26% of the branches that the bank currently operates, and represents a big cut that's reflective of a rising industry trend.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

I remember a time in the late 90s early 2000s when cutting cost meant outsourcing to India. Today, it seems the trend is moving to digital. This stat from BofA is quite clear: digital saves costs.

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prgnewshawaii's curator insight, September 21, 1:51 AM

Thanks to reporter Farid Mheir for this look at how digital technologies are changing the face of the banking and financial industries.  Say goodbye to your neighborhood bank--most of your banking will soon be done by a mobile app.

Russell Roberts

Hawaii Intelligence Digest

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7 ways admins can help #secure accounts against #phishing in G Suite

7 ways admins can help #secure accounts against #phishing in G Suite | Digital Transformation of Businesses | Scoop.it

We work hard to help protect your company against phishing attacks—from using machine learning, to tailoring our detection algorithms, to building features to spot previously unseen attacks. While we block as many external attacks as we can, we continue to build and offer features designed to empower IT administrators to develop strong internal defenses against phishing. Here are seven things we recommend admins do in G Suite to better protect employee data.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

If you have a Google Suite (GSuite, Google apps) account, then you will want to implement all 7 recommendations in this article - especially #1.

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prgnewshawaii's curator insight, September 21, 1:55 AM

Thanks to reporter Farid Mheir for this look at some of the security weaknesses of the G-Suite and what steps administrators can take to reduce phishing attacks via g-mail.

Russell Roberts

Hawaii Intelligence Digest

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BCG ‘IT-as-a-Service’ model

BCG ‘IT-as-a-Service’ model | Digital Transformation of Businesses | Scoop.it
The next step is to ensure everyone at BCG understands this new model, not just IT. "We have some smart people across the company who will ask someone they know in some startup to develop a new app for them," Kuppens says. "We tell them, 'Fine, but make sure to do the 3x3. Is it secure and serviceable? Will it break our architecture? What is the user experience? Can we run this on AWS or Azure? What is the expected uptime?'" If the new application or data business case passes the basic 3x3 demand-clearing assessment, the business can move forward with IT’s oversight.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

Great recommendations for any CIO.

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The Quartz guide to artificial intelligence: What is it, why is it important, and should we be afraid?

The Quartz guide to artificial intelligence: What is it, why is it important, and should we be afraid? | Digital Transformation of Businesses | Scoop.it

What is artificial intelligence? Why is it important? Why is everyone talking about it all of a sudden? If you skim online headlines, you’ll likely read about how AI is powering Amazon and Google’s virtual assistants, or how it’s taking all the jobs (debatable), but not a good explanation of what it is (or whether the robots are going to take over). We’re here to help with this living document, a plain-English guide to AI that will be updated and refined as the field evolves and important concepts emerge.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

Always very well written and informative articles, this one provides a good summary in simple terms.

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Fouzia Raza's curator insight, September 18, 9:24 PM
From bioengineering to customer support, Artificial Intelligence offers numerous advantages, ones that tech empires such as Google, Microsoft, and Amazon have pounced upon as a window of opportunity. It is undoubtable that the field will experience tremendous growth the coming decades, but not without some downfalls.
prgnewshawaii's curator insight, September 19, 1:20 AM

Thanks to reporter Farid Mheir for this insight into the nature and applications of artificial intelligence, The Quartz Guide is an enjoyable, informative read about the role of AI in our digital universe.

Hawaii Intelligence Digest

Dave berkeley's curator insight, September 19, 8:24 AM
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Why Augmented Reality Is About To Take Over Your World

Apple and Google are working to push augmented reality into the mainstream. Soon we'll get a first look at what the technology looks like at scale.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

Pokemon GO was an early glimpse into this whole new world of augmented reality. Looks like we will see a deluge of apps in the coming months.

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Neodriven is a rearview mirror replacement that can make your car semi-autonomous

Neodriven is a rearview mirror replacement that can make your car semi-autonomous | Digital Transformation of Businesses | Scoop.it

A small company called Neodriven, led by former Tesla employee Matt Schulwitz, is announcing a product of the same name that goes on sale today for $1,495. It’s a modified version of the Comma Neo plans that Hotz open sourced, but if Schulwitz has his way, it will be an early player in that revolution.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

You can now buy hardware to turn your car into a self driving car. Makes me think of the Homebrew project where Jobs and Wozniak created the first Apple computer and started a revolution. Guys at comma.ai and neodriven.com are doing the same and it seems that the technology is there to enable this revolution: 3G/LTE, GPS, mobile phone, universal car interface, AI and image recognition. Interesting years ahead.

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prgnewshawaii's curator insight, September 19, 1:23 AM

Thanks to reporter Farid Mheir for this stimulating look at how a simple device may change the way you drive. With this new rearview mirror, you can make your vehicle semi-autonomous. Exciting times are ahead for automotive technology.

Russell Roberts

Hawaii Intelligence Digest

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4% to 10% of #web #encrypted #https traffic is intercepted

4% to 10% of #web #encrypted #https traffic is intercepted | Digital Transformation of Businesses | Scoop.it
Overall we found out that HTTPS interceptions are more prevalent than expected (4% - 10%) and pose serious security risks as they downgrade the encryption used to secure web communications. Furthermore, the HTTPS implementations used for interception do not have the same automatic update mechanisms that browsers do, making fixes less likely to be rolled out. Intercepting middleboxes have also contributed to the delayed release of TLS 1.3 in browsers. It is our hope that raising awareness around this issue will help software vendors that rely on interception to realize the risks of this practice.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

This is a technical article that sheds light onto a potential security risk that all digital professionals should be aware of as we generally assume that SSL and HTTPS will keep our conversations secure over the Internet.

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prgnewshawaii's curator insight, September 14, 5:48 PM

Thanks to reporter Farid Mheir for this cautionary tale about https.

While https adds another layer of security to our online transactions, it isn't foolproof--particularly when it comes to e-mail.

Russell Roberts

Hawaii Intelligence Digest

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Smartphones are driving all growth in web traffic

Smartphones are driving all growth in web traffic | Digital Transformation of Businesses | Scoop.it

Smartphones are driving all growth in U.S. web traffic, while tablets and computer web access has declined, according to new data from Adobe Analytics.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

Mobile is eating the world and the stats tend to prove that this is true. Companies that do not have a mobile strategy or support mobile on their websites are at risk of loosing leads, clients, customers, etc.

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prgnewshawaii's curator insight, September 13, 3:33 AM

Thanks to reporter Farid Mheir for this tale of how smartphones are growing web traffic in the U.S. Businesses should consider a mobile phone strategy as part of their planning process.

Russell Roberts

Hawaii Intelligence Digest

 

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Bosch's Giant Robot Can Punch Weeds to Death

Bosch's Giant Robot Can Punch Weeds to Death | Digital Transformation of Businesses | Scoop.it
A modular agricultural robot from Bosch startup Deepfield Robotics deals with weeds the old fashioned way: violently
Farid Mheir's insight:

WHY THIS IS IMPORTANT

This looks like a proof of concept but it shows that autonomous machines should become a reality in the agriculture business sooner than we may think. Advances in self-driving technology, AI, networking, mobile devices, etc. have contributed to make this possible.

Other more generic applications such as harvesting barley also been introduced: http://fmcs.digital/blog/autonomous-robots-plant-tend-and-harvest-entire-crop-of-barley/ 

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Autonomous Robots Plant, Tend, and Harvest Entire Crop of Barley

Autonomous Robots Plant, Tend, and Harvest Entire Crop of Barley | Digital Transformation of Businesses | Scoop.it
This is as autonomous as farming gets, without any humans having to get themselves dirty, or even go outside
Farid Mheir's insight:

WHY THIS IS IMPORTANT

This looks like a proof of concept but it shows that autonomous machines should become a reality in the agriculture business sooner than we may think. Advances in self-driving technology, AI, networking, mobile devices, etc. have contributed to make this possible.

Other more specialized applications such as weed removal have also been introduced: https://spectrum.ieee.org/automaton/robotics/industrial-robots/bosch-deepfield-robotics-weed-control 

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prgnewshawaii's curator insight, September 13, 3:35 AM

Thanks to reporter Farid Mheir for this look at how autonomous robots are changing the way we plant, grow, and harvest our crops.

Russell Roberts

Hawaii Intelligence Digest

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Equifax Breach Response Turns Dumpster Fire & stock crash — via @briankrebs

Equifax Breach Response Turns Dumpster Fire & stock crash — via @briankrebs | Digital Transformation of Businesses | Scoop.it

As noted in yesterday’s breaking story on this breach, the Web site that Equifax advertised as the place where concerned Americans could go to find out whether they were impacted by this breach — equifaxsecurity2017.com — is completely broken at best, and little more than a stalling tactic or sham at worst.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

Equifax monopoly should end because there are so many ways to do the same work they do in more transparent and rapid fashion. Anyone that has had to request an equifax score or report can testify how long and tedious the process is. The way they have handled the breach is absolutely unprofessional and hopefully a sign that their time has come - as evidenced by this report from Krebs and the fact their stock is being crushed.

http://www.businessinsider.com/equifax-stock-price-options-traders-on-further-decline-after-security-breach-2017-9 

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Walmart eCommerce growing at +60% now invests in #cloudComputing

Walmart eCommerce growing at +60% now invests in #cloudComputing | Digital Transformation of Businesses | Scoop.it
Walmart is investing in NVIDIA chips, which are high-level graphical processing units (GPUs), in order to build out its cloud network.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

The chart says it all: walmart investments in ecommerce have paid off with 60% growth in recent months. 

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IBM introduce #blockchain technology for #food #grocery traceability

IBM introduce #blockchain technology for #food #grocery traceability | Digital Transformation of Businesses | Scoop.it

Get an introduction video to blockchain technology and see how it can be used to address global food safety.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

IBM has been an early adopter of blockchain technology and now videos such as this one begin to show where this new technology can be used in real businesses. Here the video presents blockchain in use for grocery food traceability from harvest to store shelves, in the grocery industry. The video is not great quality but the content is interesting.

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prgnewshawaii's curator insight, September 11, 2:37 PM

Thanks to reporter Farid Mheir for this look at how blockchain technology is changing the grocery industry.

Russell Roberts

Hawaii Intelligence Digest

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Waymo Built a Secret World for Self-Driving Cars #longRead @TheAtlantic

Waymo Built a Secret World for Self-Driving Cars #longRead @TheAtlantic | Digital Transformation of Businesses | Scoop.it
An exclusive look at how Alphabet understands its most ambitious artificial intelligence project
Farid Mheir's insight:

WHY THIS IS IMPORTANT

An in depth article about the Castle, Google self-driving car testing facility in a remote area of California. Full of interesting information about what it takes to get a car to drive with confidence on world scenarios.

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Machine teaching machine: Google #selfDriving car simulation turns 1 intersection in 1000s hrs of experience

Machine teaching machine: Google #selfDriving car simulation turns 1 intersection in 1000s hrs of experience | Digital Transformation of Businesses | Scoop.it

With simulation, we can turn a single real-world encounter — such as a flashing yellow left turn — into thousands of opportunities to practice and master a skill. Here’s how it works.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

Google self driving cars rely on human drivers to drive millions of miles and learn the basic driving skills. This story explains how Google has built a self-driving car simulation software called Carcraft to go one step further and use real-world roads into millions of different driving scenarios. 

What is important here is the fact that a machine - here the simulator - can learn from mistakes and improbable driving scenarios and then *instantly* share that knowledge with *all* of the self driving cars in Google's fleet. Humans cannot do that. And this means computers will learn skills - driving, medecine, accounting, law, etc. - extremely fast in the coming years. Be ready to see self driving cars on the road much sooner than you expect.

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prgnewshawaii's curator insight, September 11, 2:22 PM

Thanks to reporter Farid Mheir for this fascinating look at how Google is using self driving car simulations to help on board computers handle real road problems and learn how to handle "mistakes."  If technology proves reliable, then self driving cars could be on our roads before you know it.

Russell Roberts

Hawaii Intelligence Digest

 

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#BlackFriday & #CyberMonday will account for more than 3.7B$ in 2017 

#BlackFriday & #CyberMonday will account for more than 3.7B$ in 2017  | Digital Transformation of Businesses | Scoop.it
Download the Black Friday Ecommerce Health Check to see how to prepare your online store for success this holiday season.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

Full of great stats and trends, this health check provides tips, tools and metrics for eCommerce site operators that should not be missed.

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#BlackFriday & #CyberMonday bring 5x more trafic than normal operations

#BlackFriday & #CyberMonday bring 5x more trafic than normal operations | Digital Transformation of Businesses | Scoop.it
Download the Black Friday Ecommerce Health Check to see how to prepare your online store for success this holiday season.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

Full of great stats and trends, this health check provides tips, tools and metrics for eCommerce site operators that should not be missed.

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prgnewshawaii's curator insight, September 9, 2:26 PM

A useful and necessary tool for e-commerce sites.  Thanks to reporter Farid Mheir for this update.

Russell Roberts

Hawaii Intelligence Digest

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Amazon has developed an AI fashion designer via @O_Laborne

Amazon has developed an AI fashion designer via @O_Laborne | Digital Transformation of Businesses | Scoop.it
An Amazon team at Lab126, a research center based in San Francisco, has developed an algorithm that learns about a particular style of fashion from images, and can then generate new items in similar styles from scratch—essentially, a simple AI fashion designer. The approach is crude and hardly ready for Project Runway, but it hints at the possibilities.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

Not only does this experiment show potential for AI to enter the protected world of human creativity, it also signals we soon will be able to go from idea to design to production to sales using AI, automated 3D printing factories and eCommerce. Will we soon see a fully autonomous fashion retailer with no designers, no production staff, no stores that create and sell original clothing?

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Impact of website performance on conversion rate remains true

Impact of website performance on conversion rate remains true | Digital Transformation of Businesses | Scoop.it
Download the Black Friday Ecommerce Health Check to see how to prepare your online store for success this holiday season.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

Full of great stats and trends, this health check provides tips, tools and metrics for eCommerce site operators that should not be missed.

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Curated by Farid Mheir
Digital transformation technology consultant and Enterprise Architect. Works with business executives in the fields of eCommerce, Cloud, Web2.0, enterprise2.0, sourcing2.0