I stumbled on the Wachovia Twitter page. It is strange to read these little tweets from a sinking ship in real time.
On Sept. 18 we hear that all is well at Wachovia:
CEO Bob Steel posts on wachovia.com, reaffirms company is strong, stable, well capitalized, check it out here: http://tinyurl.com/3s7kg7
Then the rollercoaster begins… and you have to feel sorry for any shareholding Followers of Wachovia.
These near-real time blasts relate another fascinating aspect of Twitter that my friend Steve Nelson at Clear Ink blogged on. While it may prove to have historical reference value (as blogs and other internet content have) Twitter is a real-time news river and this makes it a far more effective tool for searching on current (I mean NOW) events. Here is Steve on that point;
On Sunday, Speaker Nancy Pelosi announced that an economic stabilization bill had been written and was available at financialservices.house.gov. I tried going there for about 10 minutes, but the servers were swamped.
So I went to Twitter search, and merely searched for “bill”. The immediate results included several comments about the bill, and at least two links to download it from non-swamped servers. This tells me a couple things: I trusted in the critical mass of contributions to Twitter that I would find what I wanted – and sure enough, it was there. It also shows the power of searching the immediate NOW.
A Google search for “bill” includes a 5-hour old news link, imdb’s of movies like “Bill” and “Kill Bill” and wikipedia entries on Bill Gates and Bill Clinton. But for the moment I was searching for “bill” on Twitter, there was only one “bill” that mattered most.
This is how Twitter brings together the massive amounts of information being fed it NOW with what I am searching for NOW. This is just one way Twitter works, if you know how to use it
Filed under Change, Insight
As Google turns 10 they posted a great summary about where collective intelligence is headed:
we’ll … see a rush of new devices customized to particular applications, and more environmental sensors and actuators, all sending and receiving data via the cloud. The increasing number and diversity of interactions will not only direct more information to the cloud, they will also provide valuable information on how people and systems think and react… Thus, computer systems will have greater opportunity to learn from the collective behavior of billions of humans. They will get smarter, gleaning relationships between objects, nuances, intentions, meanings, and other deep conceptual information.
In other words more devices and more people are connecting to the global Internet every day. 100 million new people join the 1.4 billion people every six weeks (these figures pulled from worldwideinternetstats.com) This holds a lot of promise to instrument the world and help address big issues. As Tim O’Reilly says in his post, Web Meets World:
there’s a huge contribution that Web 2.0 techniques can make specifically to the world’s biggest problems. Instedd’s approach to early detection of infectious diseases, Ushahidi’s approach to crowdsourcing crisis information, Witness’s harnessing of consumer video to report on human rights abuses, and AMEE’s APIs for exchanging carbon data between applications, are all part of the “instrumenting the world” trend
The other key factor driving the next phase of collective intelligence is that more and more this data will come from sensors such as the GPS in our phones and Internet connected sensors monitoring our homes, buildings and vehicles. This data will drive a whole new class of potential decision-making and problem solving that could include energy, food distribution, emergency management and disease control. It will also open new opportunities for start-ups that harness these data types. Google’s primary advantage comes from it’s data on user searches for web pages. There is fertile territory to conquer these new classes of data coming from sensory devices and wrap value added services upon them.
I am excited to be speaking at the upcoming Expo in New York -but more interested in hearing from this year’s line-up of speakers. Over the past few years the focus of the Expo has become a more sophisticated spectrum from alpha-geek to business-practical; from technology to social. As usual my focus will be on the social challenges that Web 2.0 represents for traditional business. My talk is entitled The Moonwalking Bear; what traditional businesses need to know about Web 2.0 – You will have to come to the talk to actually see the moonwalking bear.
I will also be grabbing some informal video interviews with speakers that will appear on the O’Reilly network as well as in this blog.