Showing posts with label IoT. Show all posts
Showing posts with label IoT. Show all posts

Wednesday, January 15, 2020

Additional Set of Predictions for 2020: A Baker's Dozen of Tech Trends

We realize our first set of trends for 2020, published Jan. 8, was a bit of a downer since it identified "Distrust of Big Tech and media fuels anxiety" and "the loss of local news coverage will continue, and will erode trust." (The third trend was neutral: "Streaming services will get a lot of media and consumer attention.")

Here's our second set a baker's dozen of trends and predictions for 2020, some of which are more upbeat. 

  1. 5G and facial recognition will get lots of attention. 5G and AI have enormous potential as transformative technologies, and we will see lots of articles about how we’re losing the race against China. Among other things, 5G may improve the ability to protect against cyber threats — although, as the good guys improve their capabilities, so do the bad guys. And facial recognition is advancing and could be in more devices — but there's also a downside to it, including privacy and the fact that the technology has a problem recognizing some faces.
  2. Artificial Intelligence will be in everything. AI has reached a tipping point and will be built in to many things that weren’t possible just a few years ago. For example, AI can help with drug development because AI can simulate how molecules in drugs will interact with the body. And AI in the fridge can detect spoiled forgotten foods, and notify you to throw it out and order more. 5G + AI can identify patterns before a factory machine or an airplane will likely breakdown. That said, we expect increased demands for regulating AI. 
  3. AI will affect in-store retail.  In prior years, we’ve talked about the “Amazonification” or “retailpocalypse,” and we saw a lot of evidence of that in 2019. That certainly will continue in 2020. That said, we think that AI will change how stores stock shelves because they will have better customer intelligence about how customers shop and what they want. There are lots of people who like to shop in stores, and AI-optimized selection may give shoppers a reason to continue to be loyal to the in-store experience.
  4. Software is the once and future king. Hardware and gadgets are always going to be important but it’s the software that will add new features that improve the things we already have. Like smart elevators in office buildings that can decide how to more efficiently route passengers based on floor requests. Or cars that look the same but now feature all sorts of sensors to improve safety or can drive themselves. The ability to code will continue to be important, and AI will continue to be in high demand.
  5. Everything will be connected, and voice will be increasingly important way to get things done. This won’t happen all at once in 2020 but IoT-enabled appliances and devices will become more mainstream, and increasingly we will use voice, either indirectly through virtual assistants or directly to the device, to operate those devices, whether it’s our thermostats, lights, security system or what’s cooking in the toaster oven. Expect Amazon and Google to offer new capabilities with their own devices and to build those capabilities into devices built by other companies.
  6. Drones will experience significant growth in B2B applications. As a consumer gadget, they seem like fun the first time you use them but then what do you do with them? Instead, drones will be used as a B2B tool for deliveries, maintenance, etc. As the get smaller and quieter, drones will appear in sports and arts events to bring us up close to the action in a way we could not participate in before.
  7. Robots won’t take over in 2020 but will be more commonplace. While the market for consumer robots like vacuum cleaners will be strong, we feel that real growth in 2020 will be fueled by B2B applications that will drive pilot programs and purchases. We’re already seeing a slow-moving robot in a local supermarket (though we’re not entirely sure what it’s doing there.) We do expect to see growth especially in 2021 in robotics-related jobs such as data labelers (the people who label things so robots can identify them), AI scientists, even robot managers who make sure robots are working effectively.
  8. From customer service to mental health and beyond, chatbots will be there to help us. We expect to see more AI-enabled chatbots to help run things more effectively. In the near future, chatbots will not only answer questions more effectively (rather than posting some links for further information based on the topic you enter to get more assistance) but can help you navigate websites so that you can place an order for train tickets, and in one place provide the details, and have the chatbots identify the optimum itinerary for you. Also chatbots may be preferred to humans because no small talk required and sometimes it’s just easier to interact with a faceless, impersonal (nonjudgmental) chatbot.
  9. Robocalls won’t go away. The recently signed TRACED Act anti-robocall bill will increase fines and accelerate call-authentication technology but will likely only reduce not eliminate robocalls. The reason: robocalls work, especially with the elderly. And the people behind robocalls will continue to find ways to place robocalls until it becomes too expensive for them to do so.
  10. The problem of data collection.  There may be two problems about which everyone can agree: 1) The torment of robocalls and 2) the problem of data collection that means everything we do whether online or offline is being monitored by someone, even if we don’t know by whom or what they are doing (or intend to do) with our data. Surveys have found that Americans don’t think the trade-off for convenience is always beneficial especially since they feel a lack of control over their data. We think data collection and privacy are important issues but we’re not sure how much attention they’ll receive outside of data breaches, which, as an acute incident, will continue to generate media attention when (not if) they happen. 
  11. More home exercise equipment will offer at-home streaming classes. This is part of a trend to offer screens on devices that didn’t have them before. We expect brands in addition to Peloton will offer streaming classes to get more out of exercycles, treadmills, rowing machines, etc.
  12. The age of plant-based “meats” has gone mainstream. Now that a number of fast food chains offer plant-based meats, it’s time to acknowledge this trend as mainstream. We expect additional growth of materials grown in the lab, replacing faux fur, leather, cotton using recycled plastics. That said, we don't expect a lot of coverage about this since newspapers have already done comparisons of the different brands of plant-based hamburgers.
  13. There will be a lot of media space allocated to covering outer space. Or the Space Race, Part II since we're living in an age of sequels. Technology is enabling startups to race to the moon to build a lunar economy, and we expect some of the technology to get coverage but the main story will be about the business models and investment opportunities. Meanwhile we also expect coverage about political and legal issues of space as well as articles about things that just a few years ago would have flown under the radar (we've really been trying not to make space puns) such as the growing awareness that too many satellites are causing a traffic jam in space. This space jam began to get recognition as a potential problem in space in 2019 but we think it will get more recognition in 2020. The risk of collisions among satellites is a problem.
We will roll out an additional of societal trends (as opposed to the above list of mostly tech trends) in the next week, along with a set of ongoing trends.

In the meantime, please let us know if you agree or disagree with any of the above trends.  


Monday, February 4, 2019

4 New Predictions + 17 Ongoing Trends for 2019

It may be a new year but some of the trends we expect to generate media coverage in 2019 are ones from prior years.

In this installment about 2019 trends, we list four new predictions plus 17 ongoing trends that will continue in 2019. That's 21 predictions in one article. In some cases, we will just mention the trend without much explanation because we've covered them a lot before. (If you have any questions, post a comment and we'll respond.)

Here are four new predictions based on continuing trends.
  • Lawmakers will act against robocalls. Here’s an issue everyone can support. We all get too many robocalls, whether on our cell phones or land lines. What’s gotten worse is not just how many of the calls we each get but that most of these have spoofed caller IDs so you think it might be a neighbor or someone you know. We expect lawmakers to pass bills to reducing spoofing and robocalls. Already some of the phone companies are expanding their offerings. One problem: you need a different solution to combat the robocall problem on cell phones from the solution for landlines.
  • More colleges will fail and college debt levels will continue to be a significant issue for millennials. Some colleges can’t afford to keep their doors open and many students can’t afford to pay for a college education. The former is an issue and the latter is huge problem for society. We expect to see think pieces in 2019 (and beyond) about the plight of higher education in America.
  • The implications of the (possible) end of Moore’s Law will generate think pieces. In 1965, Gordon Moore, a semiconductor pioneer, wrote a paper that observed that that the number of transistors on a chip would double every year while the costs are halved. We’ve now reached a point where that no longer may be true. There are significant implications if Moore’s prediction slows down so that instead of doubling every year or two, the number of transistors increases every three to five years. We’re not going to go into the implications here except to say we expect there to be some coverage/debate about this in 2019.
  • Cashless-only retail will gain momentum. This is a generational issue but millennials don’t seem to use cash. They use Apple Pay, Venmo and other e-cash solutions but not cash. We expect to see more stores open that are cashless-only – that won’t accept cash. It won’t happen to supermarkets or hardware stores but it will be more prevalent in neighborhoods and retailers catering to a younger, cooler demographic. You might not even notice it happen if you, yourself, rarely use cash at the register. But it will be a problem for older people and people with lower income, including the 14.1 million unbanked adults, according to the Wall St. Journal; what’s disturbing is that the same article reported that, “Despite consumers’ expanded access to banking, one in five households, or 22.7 million, didn’t use mainstream credit such as credit cards and mortgages in the prior year.” That’s a lot of people who will be further cut off from many parts of the economy. 
Here’s our updated list of ongoing trends:

  1. The Age of Anxiety continues. Chaos, uncertainty, anger, a sense of helplessness and the near-constant news notifications will continue to fuel our Age of Anxiety, especially since it seems to be hard to escape. Even broadcast journalists have commented on air that they’re overwhelmed in trying to stay on top of and to process all the news – and that’s their job. We expect many to experience news fatigue, take “news vacations” or (aka a technology cleanses or digital detox, where they shut off all notifications on their phones and take hiatuses from social media – even though that’s nearly impossible to do. As we’ve said previously, in 2019, we expect more coverage regarding stress, anxiety, mental health and ways to de-stress. But the implications for marketers is this: 1) If consumers are turning off news and social media, it will be harder to reach them via ads, media relations and social media; and 2) They might be interested consumer media that distracts them from their anxiety.
  2. Concerns about Retailpocalypse and Amazonification will continue to have an impact in 2019. More big brands will struggle, close locations or declare bankruptcy this year. One change: we expect some saber rattling about whether or not to clamp down on Amazon’s market power. The good news is there will be some innovations in the sector, and some retailers will do well despite Amazonification. The retail sector is important in a consumer-driven economy but there are implications for real estate (when locations go unrented for a long time), local unemployment (the job market is strong but it may be hard for retail staff to transition to another industry), local economies (what happens to cities when retailers abandon them), local media (which benefits from local ads, circulars, etc.) 
  3. The gig economy, robotics and automation and income inequality will continue to spark think pieces about the nature of work. Last year, we said think pieces about the nature of work would be sparked by the labor shortage and the gig economy. This year, we expect think pieces to be driven by those two factors plus concerns about jobs of the future as industrial robots, and automation begin to make inroads in factory settings. Also look for articles about rethinking income inequality, the social safety net and the future of unions for gig workers who don’t necessarily get minimum wage, unemployment benefits, vacation and sick days or employer-contributions for workers’ comp, Social Security and Medicare. We also expect that there will be calls to better measure the gig economy.
  4. The debate about how to regulate Facebook, Google and Twitter will continue. It’s clear that social media companies continue to not be able to stay ahead of their problems. Congress knows it needs to do something in 2019 to address data privacy, hate speech/bullying that isn’t being removed/policed fast enough and election interference/misinformation from Russia. The new goal of any new regulation should be to go into effect before 2020 but we are skeptical that this will be possible because we’d bet that Facebook, Twitter and Google would have addressed their problems if they could have, rather than be regulated by Congress. There will also be articles looking at technology’s role in a democracy. Part of the problem: social media makes it easy to share content before users vet it, and that’s something Congress can’t mandate.
  5. Fake news won’t fade in 2019. Part of the problem is that the term “fake news” can mean almost anything: from news you disagree with or don’t like (but are actually true) to stories that are part of misinformation campaigns (and are factually false). If we can’t agree on a definition of it, and if Facebook, Google and Twitter all have trouble dealing with the fake news scourge, how will regulations and Congress be able to solve what the social media giants can’t? There’s no light at the end of the tunnel since there are calls that even the fact-checking at Facebook must be checked. It’s harder than ever to trust our institutions, which adds to the anxiety so many are experiencing.   
  6. Cord cutting turns out to be complicated and expensive. Over the next 18 months, we’ll experience a glut as more streaming services get launched. It’s getting harder to find all the things you want to watch. Something available on Netflix last month may be found on Hulu next month and then some new service next year. So to watch everything you want, you’ll have to have subscriptions with Netflix, Amazon Prime, HBO Go, and dozens more. Cable might be simpler and less expensive.
  7. IoT will continue to be victim to cyberattacks. This hasn’t gotten a lot of attention but we think it will. As reported by a friend in a recent issue of Bloomberg Businessweek, recently a cruise line offered “a proprietary mobile app, which unlocks your cabin door and lets you book activities on and off the ship….(A passenger’s) roommate used it to prank her, remotely flashing the lights and opening the blinds in their cabin.” Seems like a harmless prank but it speaks to more nefarious possibilities. We’re worried that there will be more IoT cyberattacks, as IoT, Smart Homes and virtual assistants go mainstream. Perhaps the only advantage of having to get up and walk over to a light switch is that hackers can’t hack your home.
  8. There’s still not enough cybersecurity protection or privacy. They say millennials don’t care much about privacy but we think that will likely change as they get older. There’s certainly not enough of cybersecurity.
  9. Cloud computing will stay strong. This may be the one tech trend that has yet to experience a backlash. Cloud computing remains an important paradigm, and we don't see that changing in 2019, which means that it's a trend that may not get that much ink because editors are always looking for stories that answer "What's new?" and that move the story forward. That said, for business press, there's still interest in the horse race between Amazon's  AWS, Microsoft's Azure and Google Cloud Platform. We expect to see more about "cloud agnostic" or “Not Amazon” as a key message that will help lure customers that compete with Amazon to look beyond AWS. 
  10. Driverless cars will generate attention but still won’t appear at local dealership. Closer on the horizon is more electric cars, with China’s plans to eliminate all new combustion cars and trucks by 2030. There are lots of challenges to be addressed either way, like having are enough charging stations for electric cars and investing in the type of infrastructure – in urban, suburban and rural areas – that can enable driverless cars to operate including in bad weather. Oh, and there will continue to be a lot of coverage of Tesla.
  11. E-Scooters will become more of a thing in 2019. Some of us first heard about a vague problem of e-scooters like Bird that began cluttering up sidewalks in some cities. We expect them to gain more attention in 2019, becoming a full-fledged trends, much the way urban bike share and bike lanes did (it seems to us) in 2018. (They were around before 2018 but people began talking about bike lanes much more, we feel.)
  12. Corporate boycotts and consumer boycotts will continue. These are boycotts by companies in order to demonstrate distance from controversial programs and personalities. We also expect boycotts of companies that are boycotting those controversial people and programs.
  13. Drug pricing will continue to get a lot of attention. The problem: it’s expensive to develop new drugs – on average it costs $2.6 billion – and pharma companies need to use successful drugs to fund future development. There won’t be an easy solution so we don’t expect much from Congress except outrage.
  14. Wearable tech will still not be as mainstream as people in the industry were hoping. But wearable will make quiet inroads so that before you know it (probably not in 2019, though), lots of things will have built-in technology.
  15. The need for more Americans to pursue STEM education and careers continue to be important. With a looming labor shortage (in some fields), businesses are looking for employees with a firm grasp of science, technology, engineering and math (STEM). We think funding for STEM will continue to keep U.S. businesses competitive.
  16. Virtual Reality and Augmented Reality still won’t be everywhere yet. VR and AR still aren't fully mainstream because people still don't yet have a strong-enough need for it. Watching a basketball game on Oculus is cool but not practical in how many people watch content these days, on their phones while in public spaces. (Can you imagine a subway car filled with people wearing heavy headsets?)
  17. 3-D content and 3-D printers will still not be as popular as they are cool.
Let us know if you disagree or agree with us selection. Did we miss something? Overstate things? We're happy to hear from you.

Monday, November 12, 2018

Track Record: How We Scored on Ongoing Trends

We identified 18 ongoing trends for 2018, and we think we did well with regard to most of them. 
  1. The news cycle will continue to speed up. People are experiencing news fatigue because so much is happening daily. (By contrast, there were only a few stories — like the rescue of the Thai soccer team — that had the staying power to dominate the news cycle over a period of days. Otherwise, most stories, even some that previously would have dominated for a week or two disappeared, often without having much impact in 2018. This will continue in 2019. Grade: A+.
  2. 2018 will be tough for traditional and online media. Unfortunately, true. Grade: A+.
  3. Fake news won’t fade in 2018. Unfortunately, true. Grade: A+.
  4. Cord cutting will continue but still won't save money: Netflix dominated news coverage and more media companies are offering streaming services but we did see an uptick in coverage that cord cutting is complicated and expensive. Grade. A.
  5. Virtual Reality and Augmented Reality still won’t be everywhere. Both VR and AR are making progress but neither is there yet. Grade: A.
  6. IoT will continue to be victim to cyberattacks. This did not get as much attention as we expected but that may be because IoT and Smart Homes have not been broadly adopted yet. Grade: C.
  7. The future is still looking cloudy. This may be the one tech trend that has yet to experience a backlash. Grade: A.
  8. Driverless cars attract significant coverage. Got lots of coverage in 2018. We think it’s going to take longer than most people think for driverless cars to get wide approval. We also said we think electric cars will generate more media coverage. Tesla certainly got tons of coverage in 2018, not all of it positive. Grade: B+.
  9. There's never enough cybersecurity/privacy. Unfortunately, true. Grade: A+.
  10. NFL ratings will continue to decline. We were right for the 2017-2018 season, because overall, ratings were soft. The 2018-2019 season seems to be rebounding (which we realize is a basketball term). Grade: B-.
  11. Corporate boycotts & consumer boycotts will continue. We saw some high profile boycotts from brands that pulled their advertising from controversial hosts. This will continue in 2019. Grade: B+.
  12. Drug pricing will continue to get a lot of attention. And we said, “But there won’t be an easy solution so don’t expect much except outrage.” Grade: A.
  13. Wearable tech will still not be as mainstream as people in the industry were hoping. True, which is why we did not see much media coverage about wearable in 2018. We still believe wearable is making progress but 2018 was not its year for media coverage. Grade: B.
  14. STEM will continue to be important. STEM is important but isn’t getting the media coverage it used to generate. Grade: C+.
  15. 3-D content, 3-D TV and 3-D printers will still not be as popular as they are cool. Correct (we still think). Grade: A.
  16. Artisanal will still be a hot concept. True as far as we can tell but that doesn’t translate into media coverage. Grade: C.
  17. e-Wallets still will gain traction in 2018 but mostly for Millennials as opposed to their parents. True as far as we can tell but that doesn’t translate into media coverage. Grade: C.
  18. Content management remains king.  True as far as we can tell but that doesn’t translate into media coverage. Grade: C.
Let us know if you agree or disagree with our grading or if we missed an ongoing trend in 2018.

Wednesday, December 20, 2017

WSJ Validates Our Prediction About IoT Isn't Cybersecure

In our list, Ongoing Trends for 2018, published Dec. 18th,  we predicted that "IoT will continue to be victim to cyberattacks."

In its special cybersecurity supplement on Dec. 19th, the Wall St. Journal published an article entitled, "Smart Devices, Increased Risks: John Carlin on how security isn't ready for the Internet of Things." The article featured John Carlin, a former assistant attorney general in the national security division of the DOJ, who validated our main point: "Across the board, we didn't properly calculate the price of risk in making the decision to move all of this information and connect it through this insecure medium."

Carlin also said:
With the Internet of Things, we are on the cusp of a massive exponential increase in new devices that can cause immediate loss of life or serious injury that are going be connected through this same insecure protocol. What we can’t do or shouldn’t do is make the same mistake again of discounting risk before we make this societal transformation.
The move from a car with a driver to a driverless car, for example, is going to bring significant changes to our society and the way we move goods and services. In government, we didn’t think of trucking as something that could fundamentally disrupt society. But if all of those trucks are connected, you can disrupt it on scale.
The Journal also published another article, "Connected Device Manufacturers Not Addressing Cyber Risks: Manufacturers of connected devices aren’t adequately addressing cybersecurity threats associated with them."

We love the idea of IoT but are concerned and skeptical about security issues around the convenience that IoT offers its users -- and potential hackers.

Meanwhile, since our prediction on IoT and cybersecurity came a day before these articles hit, you can say that we scooped the Journal.

Monday, December 18, 2017

Ongoing Trends for 2018

Not all significant trends next year will be new ones.  We always look at ongoing trends that will continue to impact the media, marketing and tech worlds.

The first 14 of the 18 trends listed below include an explanatory sentence. The final four are, we feel, self-explanatory.


1.  The news cycle will continue to speed up. There were days in which there was major news several times a day. We expect that to continue in 2018 – and that when there’s a slow news day – let’s say only one big news story – consumers of news anxiously click on refresh, thinking they must be missing some additional news. Regardless of political views, people, including late-night comedians are finding this exhausting.

2.   2018 will be tough for traditional and online media. We hate writing this but the layoffs and shutdowns affecting traditional print (Boston Herald) and cool online outlets (BuzzFeed) that occurred the last two months of 2017 will continue in 2018. Despite living in a time when staying on top of the news (throughout the day) has never been more important, with more people than ever following hourly developments, fewer people seem to want to pay for the news. This is true also for hyperlocal media (like DNAInfo and Gothamist, both shutdown), which for a time was considered to be an exception since people seemed to favor local news about their communities that weren’t getting covered by regional or national media. Great reporting takes lots of effort and resources (as does debunking fake news, as the Washington Post showed us when it reported on a failed attempt to offer a false narrative by the Veracity Project). The problem for traditional and online news sources is, increasingly, Americans turn to social media for news. So traditional and even online media need to develop a new advertising and subscription business model. So far, great journalism is helping the New York Times and Washington Post attract and retain subscribers. But it must be frustrating for them to see hat purveyors of true “fake news” (those that are not based on facts and don’t correct mistakes once they learn of them) can generate tens of thousands of page views when real, serious news doesn’t get clicked.  Another aspect that will affect traditional and online media will be if either or both of the AT&T-Time Warner and Sinclair Broadcasting-Tribune Media deals go through.

3.  Fake news won’t fade in 2018. It’s still easier and more lucrative to generate totally fake news than it is to produce real, fact-based news. Some players are doing this for financial gain and others for a different, more sinister reason, and we expect both to continue in 2018. If Facebook, Google and Twitter all have trouble dealing with the fake news scourge, how will regulations and Congress be able to solve what the social media giants can’t? (For more on this, check out "Why the Fact-Checking at FB Needs to Be Checked: Some measures may not work all that well.") 

4.  Cord cutting will continue but still won't save money: Streaming will continue to be popular but consumers will at some point realize they are not saving money. There will be more streaming services, making it complicated to watch what you want on your TV (remember those?) and you’ll still have to open different apps to find the movie or TV show you want to watch.

5.  Virtual Reality and Augmented Reality still won’t be everywhere. Both VR and AR are making progress but neither is there yet.

6.  IoT will continue to be victim to cyberattacks. We think there will be more IoT cyberattacks, as IoT and Smart Homes go mainstream. Perhaps the only advantage of having to get up and walk over to a light switch is that hackers can’t hack your home.

7.  The future is still looking cloudy. This may be the one tech trend that has yet to experience a backlash.

8.  Driverless cars attract significant coverage. There’s lots of interest in driverless cars because driving is such a part of the American persona. While there’s been great momentum forward, we’re also seeing new challenges that need to be addressed: insurance-related, business model, infrastructure, and tech issues. Do you need Uber and Lyft if you can own or rent a driverless car? If you can rent, why do you need to buy a car? If Uber and Lyft deploy driverless cars, what happens to their former drivers? Meanwhile, we’re also seeing a push for electric cars; China announced plans to eliminate all new combustion cars and trucks by 2030 so we expect to see the rest of the world to follow, which one challenge being ensuring there are enough charging stations.

9.  There's never enough cybersecurity/privacy. There’s still not enough of either. The European Union has proposed the General Data Protection Regulation (GDPR) to strengthen and unify data protection for individuals within the EU but it also will affect companies outside the EU. So expect that U.S. companies will need to look at and evaluate how to meet GDPR.

10. NFL ratings will continue to decline. We don’t know whether it’s because of too much football (we’ve never liked Thursday night games) or because of severe injuries or because of the protests but we expect this to continue.

11. Corporate boycotts & consumer boycotts will continue. These are boycotts by companies in order to demonstrate distance from controversial programs and personalities. We also expect boycotts of companies that are boycotting those controversial people and programs.

12. Drug pricing will continue to get a lot of attention. But there won’t be an easy solution so don’t expect much except outrage.

13. Wearable tech will still not be as mainstream as people in the industry were hoping. But wearable will make quiet inroads so that before you know it (probably not in 2018, though), lots of things will have built-in technology.

14. STEM will continue to be important. With a looming labor shortage (in some fields), businesses are looking for employees with a firm grasp of science, technology, engineering and math (STEM). We think funding for STEM will continue to keep U.S. businesses competitive.

15.   3-D content, 3-D TV and 3-D printers will still not be as popular as they are cool.

16.   Artisanal will still be a hot concept.

17.  e-Wallets still will gain traction in 2018 but mostly for Millennials as opposed to their parents.


18.  Content management remains king.  

Friday, December 15, 2017

Key Predictions for Trends in 2018, Part II

When we evaluated trends for 2018, we came up with more than five -- while avoiding politics. 

Here's what we're calling our Bonus Set of Predictions:


1.  The media landscape will change in 2018. Beyond newsroom layoffs and publication shut downs, which is upsetting, the media landscape will change in other ways in 2018, thanks to three deals: a DOJ-opposed AT&T -Time Warner combination, a more likely Sinclair Broadcasting purchase of Tribune Media, and a Disney acquisition of Fox’s TV and movie studios (but not Fox News, Fox Sports and Fox TV channel). If two of those three deals go through, expect others as defensive moves.  In an Internet of media choices, consolidation at this level may not be in the consumers’ interest.

2.  Artificial Intelligence and robotics, now interconnected, will continue to be “hot.” A.I. and robotics will be combined in articles (instead of considered separately as in prior years), and we expect to continue to see scare stories about a “robocalypse” in which A.I.-enabled robots replace human workers as well as more-reasoned articles that debunk the scare stories. We’re not as worried because there we think it will open other types of jobs, and that implementing A.I. seems inevitable because the potential benefits could be so significant. 

3.  Innovation often will come via business models. You might not be able to get a reservation at that great local restaurant you’ve been ordering from but that’s because of their delivery-only business model relies solely on mobile-ordering apps. By eschewing things like waitstaff, expensive leases, and needing to focus on turnover rates for tables, these restaurants are able to flourish in a notoriously tough sector. We expect coverage of that sort of innovation – not so much of technology but in the use of technology – to continue in 2018.

4.  Bitcoin and blockchain is hitting it big time. Lots of coverage. Still not mainstream but finally reaches a point where people who haven’t paid attention at least have heard of the two cryptocurrency terms.

5.  Is the internet dying? Long before the (possible) end of net neutrality, some have predicted that the internet is dying. The internet (which was once so important it was always capitalized) has been subsumed by apps and by Amazon, Apple, Facebook, Google and Microsoft, which control much of the online ecosystem, from app stores to cloud storage to online ads. Ending net neutrality favors those five companies, while making it harder for small disruptive startups.

6.  The first amendment becomes a battle-ground issue. Between campus culture wars (regarding who can speak on campus and who can disrupt those who try to speak on campus), varying definitions of hate speech and the more-open expression of bigotry, the fight to protect free speech will generate coverage in 2018. Part of the challenge is a polarize climate is finding the balance between allowing free expression and preventing bigoted express.

7.  Millennials’ impact will change how companies market products and services. Currently America’s largest generation (sorry, boomers), millennials have had a significant impact on the workplace. In 2018, marketers will increasingly realize they need to change how they reach the 4.8 million 26-year-olds, and the millions of others currently 25, 27 and 24 as they encounter life-defining moments that include: choosing a career or to enter the gig economy; buying or renting a place to live, along with renovating or making repairs; taking on different responsibilities such as paying taxes and keeping track of their finances, including retirement; getting married, deciding whether or not to have kids and/or get a pet, and cooking. Millennials’ preferences and needs have already spawned new apps and services to deal with these responsibilities and choices. For example, we’re seeing a rise in food-delivery apps from restaurants that offer only takeout (not sit-down) service because they have a kitchen but no need for a dining room. We also expect a trend that began in 2017 to continue: companies will continue to develop educational programs such as classes, online tutorials and how-to videos on what the Wall St. Journal called “such basic skills as to mow the lawn, use a tape measure, mop a floor, hammer a nail and pick a paint color.” We also expect millennial preferences to become the default choice; for example, doorbells may become vestigial as millennials text, not ring, when they arrive at a friend’s house.

8.  Smart-Home automation will gain acceptance but still a niche offering. Smart homes are preferred in some markets by some buyers but not everyone wants them or values them yet. That said, smart home technology and appliances are getting easier to find, install and deploy. One possible driver of smart home tech could be counter-intuitive: with a growing population of seniors aging in their homes, their adult children may insist on installing tech that can help them monitor their parents. As long as the internet doesn’t crash, adult children will be able to check in on their parents, adjust heating and air conditioning (already possible with Nest and other devices), turn on lights and get help via apps that their parents may not have figured out. As tech-friendly boomers age in their own homes, expect them to embrace smart-home technology. We think Internet of Things (IoT) will continue to be a widely used phrase but that “smart home” is a more user-friendly term that may be easier to market. By the way, the biggest smart home tech segment will continue to be intelligent personal assistants like Amazon Alexa and Google Home speakers.

9.  The ranks of unicorn startups will grow but expect a backlash because unicorns are difficult to sustain. There’s a lot of money being thrown around, which is why we expect some of the enthusiasm for unicorns to diminish. It’s been very difficult to maintain a $1 billion-plus valuation in a meaningful exit. Also, we think New York Times tech columnist Farhad Manjoo is right when he said, a continued threat for startups is that just “fewer than 1 percent … end up as $1 billion companies” and that the Frightful Five (Amazon, Apple, Google, Facebook and Microsoft) can out-pay key employees (an issue in the A.I. space), out maneuver or just invest in startups and co-opt them.


10. Religious nonprofits will be able to publicly make political endorsements, but doing so will change how they are perceived. As this is written, the GOP is discussing whether to eliminate the Johnson Amendment, which prohibits nonprofits from endorsing political candidates. We think Congress will repeal Johnson because it’s a campaign promise President Trump made. However, we think – and some, who otherwise hold opposing views, agree that it will affect how American’s perception when religious organizations are turned into political action committees. 

In our next post, we will post a set of ongoing trends that we think are important to keep in mind.

Monday, November 20, 2017

Recap of Our Predictions for 2017, Part II

We identified 16 trends for 2017, and graded the first 5 here. Here's how we did on the second set.

1.      2017 will be a tough year for traditional media. 
Again, unfortunately, we got this right. We identified several key variables – including the ascent of fake news, which has damaged traditional media’s most important value: credibility. We’ve seen layoffs and buyouts at the top of the food chain (i.e., New York Times, Wall St. Journal) and among the cool kids (Mic), including complete shutdowns (Gothamist, DNAInfo). In prior years, we thought local news would do fine because there’s been a big interest in hyperlocal; with the demise of Gothamist and DNAInfo, both owned by billionaires for whom the budgets were rounding errors, we now think local media needs to find new ways to make money.

Grade: B+

2.      Social media addiction becomes recognized as a thing.
There are, of course, quizzes you can take to see if you are addicted, from reliable sources like Psychology Today. It’s definitely a thing, and we really don’t know anyone not afflicted.

Grade: A

3.      Virtual Reality and Augmented Reality still won’t be everywhere.
Last year, we said, “We don’t think VR or AR like the faddish Pokemon Go will be ubiquitous yet in 2017” because of problems like clunky VR headsets and a lack of compelling VR and AR content to encourage people they need to have it. At its Biennial this spring, NYC’s Whitney Museum offered a VR exhibit entitled “Real Violence” but according to the New Yorker, “Early reviews called the work disturbing, horrifying, repellent, nausea- and P.T.S.D.-inducing, but also a gratuitous trick, tin-eared and cheap.” So not yet ready for prime time, we think.

Grade: A

4.      Expect a cloudier 2017. 
This is an easy one. This is ongoing tech trend will continue beyond 2018.

Grade: A

5.      Artificial intelligence will continue to surge. 
AI became a huge story in 2017. We said, “we expect to see AI built into all sorts of consumer and B2B environments – and to be featured in more Hollywood movies and TV shows.” If anything, AI and robotics became one of the biggest tech trends of the year, and we see that continuing in 2018 and beyond.

Grade: A+

6.      Drones still won’t take off. 
We said, Consumer drones look like fun – for a couple of hours. We think the real market will be B2B, not just for deliveries (which we think is still a couple of years off).” We believe we were right about both sides of that.

Grade: A

7.      Globalization will be a hot topic. 
Globalization was discussed in in 2017 but mostly in terms of tariffs and trade deals, nativism and globalists (which some felt is a bad word). But it was not a major topic by itself in 2017. That said, we expect trade deals to be more of a topic in 2018.

Grade: B

8.      Interest in voice speakers will turn up.
Last year, New York Times tech columnist Farhad Manjoo predicted gadgets were dead, and we said he was wrong, pointing to interactive speakers (in our original piece we called them “voice speakers, not sure why) like Alexa and Google’s Home as bright spots in the tech world. We were right.

The interactive speakers incorporate AI to serve as virtual assistants, and AI, along with IoT and smart appliance connectivity, will likely go mainstream in 2018. If anything, we underplayed how significant this trend is; for consumer tech reviewers, interactive speakers are now a must-review gadget.

Grade: A+

9.      Boycotts Will Be Big Trend in 2017 – but by big brands and there could be implications for their marketing functions.
We think we were right to predict that boycotts would be a trend in 2017 – boycotts by corporations not against them. We said, “the big brands (will) seek to avoid controversy so they are trying to avoid placing ads on or working with sites that don't resonate with their consumers.” This certainly came into play this year – and is significant in an increasingly polarized society that some things are not acceptable. This will continue into 2018.

Grade: B

10.   The death of retail.
This was a later addition to our initial set of trends but we think the Amazonification of retail is a real thing – destroying traditional retail. Amazon’s retail power continues to grow, and the impact both on how we shop, our expectations for shopping and the negative impact on the real estate market (especially in small communities) and on the decreasing number of retail jobs, is substantial and has long-term implications that no one is discussing. And yes, we used the word, “Amazonificatin.” We feel this is an extremely important story that will continue to play out in 2018.

Grade: A+

According to the New York Times, "The basic idea behind it (Universal Basic Income) is that handing out unconditional cash to all citizens, employed or not, would help reduce poverty and inequality, and increase individual liberty." As the tax reform bill works its way through Congress, this may be a topic that gets more attention. So far, we think we overstated this topic.


Grade: C

Let us know if you agree or disagree. We have one more set of grades coming up.