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Copyright © J.A. Gollner 2019 Acknowledgement: Totally Awesome “Toy Story” Franchise from Walt Disney / Pixar Studios
The Economics of Content Joe Gollner
@joegollner
Economics is the study of the
production and consumption of
goods and services in a society
It is about the creation and
distribution of value. What is
deemed valuable in a society will
turn on its utility – what use it will
have and what benefit it will
provide to those who can use it.
Did Someone Say Economics?
Peter Drucker boiled it down nicely
The business of business is essentially to:
Compete for an increasing share of a market
Expand the size of that market
The second one is critically important
Failure to expand your market will ultimately
lead to declining value for everyone
participating in that market
What Does This Mean for Us in Practical Terms?
The Content Industry has been in
steady decline for 30 years
How can this be?
The value of communication
is directly tied to its ability to
connect people across & beyond
the entire enterprise – and we
have been creating communication
siloes that directly undermine this value
An Inconvenient Truth
It’s your
fault, Joe!
Let’s be a little more clear
about what we are talking
about here
What communication siloes
are we talking about and
how did they happen?
Just Wait One Minute!
Content is what an enterprise
creates & communicates in order to
leverage what it knows
The Content Industry features
two main components
Content professionals who help
enterprises to communicate
more effectively
Content technology providers who equip
them with the tools they need to do this
Content & the Content Industry
T
Technical Communication
Earnest effort to improve
how enterprises support
the users of their products
The demand for changing
delivery and usage venues
(omnichannel) has forced
TechComm into greater &
greater sophistication –
isolating it more & more
from other practices
Intense focus on creating, and
measuring, powerful experiences for
customers and prospective customers
Has consequently
become increasingly
isolated from other
communication practices
Has evolved its own
family of technologies
& into the Martech stack
Customer Experience
Intended to tackle the hard
problem of handling content
as content & unlocking its value
Has only evolved marginally
since the mid-1990s
Has not been well integrated into
mainstream technology platforms
Content Technologies
Have largely evolved in isolation
from mainstream industry trends
Typically reflect the interests of
one, and only one, type of
practitioner
Like Content Technologies, they
are showing their age
A bit like a crusty Don Rickles
A lot like you, Joe!
Structured Content Standards
There four domains of activity & investment
Technical Communications
Customer Experience
Marketing Communications
Content Technologies
Structured Content Standards
They are not integrated or coordinated within
themselves and are not integrated or coordinated with
mainstream technology trends or business practices.
Success in one area can fortify the separation
from the others & from the mainstream
Classic illustration of barnaclization in action
Commentary
Going all the way with Digital
Content that is genuinely
fluid – integrated and
integrating
Fully open to analysis
and evaluation
Connecting everyone
everywhere
Digital Content
Did Someone Say Digital?
Executives are not complicated or hard to figure out
They like immediate returns a lot
They like anticipated long-term repeating returns even more
Hence their unquenchable love of forecasts and fads (like for all things 4.0)
Executive Management
Digital Content
is the starting point
Digital Content
integrates business units,
flows between tools
& connects an enterprise
to its customers,
prospects, and partners
Establishes a very attractive
net present value of content investments
based on both immediate & forecasted long-term returns
End-to-End Digital Content Solutions
There are two claims at work here
Digital Content Solutions are different
It is possible to quantify the value of digital content
Digital Content Solutions
Prioritize over everything else the ability of content
assets to move across an enterprise
This includes moving back & forth with external
stakeholders such as partners and customers
This determines exactly what digital content looks like and
drives how it must incorporate and balance structure & semantics
so as to work with the tools that are being used by all stakeholders
Do not resemble specialized repositories offering “casual authoring” options
Must feature a technology stack accessible to mainstream IT stakeholders
Commentary
The valuation of digital content focuses on
Immediate returns
Direct revenues from subscriptions / royalties / licensing
Cost avoidance by reducing historical expenditures
Contributory returns
Portions of revenues realized on a larger product
with this needing to be claimed & supported
Contributions to activities valued by the enterprise
such as lead-generation & user satisfaction
Long-term indirect returns
Justifying near-term resource allocations based on longer term improvements
in performance [these can combine projected long-term direct revenues /
savings with broader and less directly measurable enterprise improvements]
Commentary
We will address all communication needs
We will engage all users working with all tools
We will deliver immediate and long-term
returns on all content investments
We will turn enterprise knowledge
into digital content assets
We will leverage content assets
to guide both people & machines
We will make digital content solutions
an integral part of the enterprise business & technology landscape
We will make content a true enterprise asset – that is valued accordingly
A Digital Content Manifesto
Content
Professionals of
the world, unite!
Digital Content Manifesto
If all seven (7) claims are accepted then the
character of the Digital Content Solutions that
will be needed becomes very clear
Digital Content Solutions
Will not resemble the types of
“content management systems” that we have
historically seen
Will incorporate selective aspects of past and present
content technologies, techniques and practices, and standards
The operative word here is “selective”
Invokes a “Lean” approach to the design & deployment of Digital Content Solutions
Commentary
Joe Gollner
@joegollner | joe@gollner.ca
Content Philosopher Blog
www.gollner.ca
Managing Director / Solution Architect
@gnostyx | jag@gnostyx.com
Questions or Comments or Violent Objections…
“To infinity and beyond”

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The Economics of Content (October 2019)

  • 1. Copyright © J.A. Gollner 2019 Acknowledgement: Totally Awesome “Toy Story” Franchise from Walt Disney / Pixar Studios The Economics of Content Joe Gollner @joegollner
  • 2. Economics is the study of the production and consumption of goods and services in a society It is about the creation and distribution of value. What is deemed valuable in a society will turn on its utility – what use it will have and what benefit it will provide to those who can use it. Did Someone Say Economics?
  • 3. Peter Drucker boiled it down nicely The business of business is essentially to: Compete for an increasing share of a market Expand the size of that market The second one is critically important Failure to expand your market will ultimately lead to declining value for everyone participating in that market What Does This Mean for Us in Practical Terms?
  • 4. The Content Industry has been in steady decline for 30 years How can this be? The value of communication is directly tied to its ability to connect people across & beyond the entire enterprise – and we have been creating communication siloes that directly undermine this value An Inconvenient Truth It’s your fault, Joe!
  • 5. Let’s be a little more clear about what we are talking about here What communication siloes are we talking about and how did they happen? Just Wait One Minute!
  • 6. Content is what an enterprise creates & communicates in order to leverage what it knows The Content Industry features two main components Content professionals who help enterprises to communicate more effectively Content technology providers who equip them with the tools they need to do this Content & the Content Industry
  • 7. T Technical Communication Earnest effort to improve how enterprises support the users of their products The demand for changing delivery and usage venues (omnichannel) has forced TechComm into greater & greater sophistication – isolating it more & more from other practices
  • 8. Intense focus on creating, and measuring, powerful experiences for customers and prospective customers Has consequently become increasingly isolated from other communication practices Has evolved its own family of technologies & into the Martech stack Customer Experience
  • 9. Intended to tackle the hard problem of handling content as content & unlocking its value Has only evolved marginally since the mid-1990s Has not been well integrated into mainstream technology platforms Content Technologies
  • 10. Have largely evolved in isolation from mainstream industry trends Typically reflect the interests of one, and only one, type of practitioner Like Content Technologies, they are showing their age A bit like a crusty Don Rickles A lot like you, Joe! Structured Content Standards
  • 11. There four domains of activity & investment Technical Communications Customer Experience Marketing Communications Content Technologies Structured Content Standards They are not integrated or coordinated within themselves and are not integrated or coordinated with mainstream technology trends or business practices. Success in one area can fortify the separation from the others & from the mainstream Classic illustration of barnaclization in action Commentary
  • 12. Going all the way with Digital Content that is genuinely fluid – integrated and integrating Fully open to analysis and evaluation Connecting everyone everywhere Digital Content
  • 13. Did Someone Say Digital?
  • 14. Executives are not complicated or hard to figure out They like immediate returns a lot They like anticipated long-term repeating returns even more Hence their unquenchable love of forecasts and fads (like for all things 4.0) Executive Management
  • 15. Digital Content is the starting point Digital Content integrates business units, flows between tools & connects an enterprise to its customers, prospects, and partners Establishes a very attractive net present value of content investments based on both immediate & forecasted long-term returns End-to-End Digital Content Solutions
  • 16. There are two claims at work here Digital Content Solutions are different It is possible to quantify the value of digital content Digital Content Solutions Prioritize over everything else the ability of content assets to move across an enterprise This includes moving back & forth with external stakeholders such as partners and customers This determines exactly what digital content looks like and drives how it must incorporate and balance structure & semantics so as to work with the tools that are being used by all stakeholders Do not resemble specialized repositories offering “casual authoring” options Must feature a technology stack accessible to mainstream IT stakeholders Commentary
  • 17. The valuation of digital content focuses on Immediate returns Direct revenues from subscriptions / royalties / licensing Cost avoidance by reducing historical expenditures Contributory returns Portions of revenues realized on a larger product with this needing to be claimed & supported Contributions to activities valued by the enterprise such as lead-generation & user satisfaction Long-term indirect returns Justifying near-term resource allocations based on longer term improvements in performance [these can combine projected long-term direct revenues / savings with broader and less directly measurable enterprise improvements] Commentary
  • 18. We will address all communication needs We will engage all users working with all tools We will deliver immediate and long-term returns on all content investments We will turn enterprise knowledge into digital content assets We will leverage content assets to guide both people & machines We will make digital content solutions an integral part of the enterprise business & technology landscape We will make content a true enterprise asset – that is valued accordingly A Digital Content Manifesto Content Professionals of the world, unite!
  • 19. Digital Content Manifesto If all seven (7) claims are accepted then the character of the Digital Content Solutions that will be needed becomes very clear Digital Content Solutions Will not resemble the types of “content management systems” that we have historically seen Will incorporate selective aspects of past and present content technologies, techniques and practices, and standards The operative word here is “selective” Invokes a “Lean” approach to the design & deployment of Digital Content Solutions Commentary
  • 20. Joe Gollner @joegollner | joe@gollner.ca Content Philosopher Blog www.gollner.ca Managing Director / Solution Architect @gnostyx | jag@gnostyx.com Questions or Comments or Violent Objections… “To infinity and beyond”