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July 5, 2008

 

 

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{ The Tech Trends Bulletin }

 

The Inevitable Future of the Web

Web 3.0

by Adrienne Markovic


There is a new buzzword floating around the Internet the last year. Just when marketers and techies were beginning to get a good feel for the Internet, philosophizing trend predictors begin to talk about the next trend in Web technology. There is much controversy about 3.0, with due reason. From all the dissonant voices there is a general consensus about the definition of 3.0. This new technology is being termed Web 3.0. Most folks are familiar with Web 2.0, a term coined in 2004 as a marketing term. To understand Web 3.0 one must understand Web 2.0, and Web '1.0'.

Web 1.0 is not a definition that was ever used, except as a term to differentiate Web 2.0. 1.0 would be the initial inception of the World Wide Web. The aim of the WWW was to make large amounts of information widely available. With that, it gave rise to the big bad commercial Internet. Remember the dot com mania of the 1990's? The natural evolution of the Web leads to 2.0. The hallmark of 2.0 is social networking and interactivity. These new trends begat new types of advertising and marketing, such as viral marketing. 2.0 is typified by such sites as www.myspace.com and various blog sites. Web 3.0 is much more complex to explain than these previous stages of Web development.

Many refer to Web 3.0 as the Semantic Web. This would be the first step necessary to get 3.0 on track and in fact, a subset of 3.0. The Semantic Web is already a trend being put into play by many top companies. Semantic ties together words and phrases to other relevant words and phrases. For example if you searched for "orchid" the Web would know that "plant" or "gardening" are related words and this too would show up and vice versa. Companies like www.amazon.com can give you recommendations based on your search criteria. This is a part of the Semantic Web. Taking this a giant leap forward is the goal of 3.0, artificial intelligence. AI is not at all like what would be portrayed in the media and apocalyptic Hollywood movies. It is not sinister. AI just means the Internet would think more like human beings.

John Markoff (2007) of The New York Times says 3.0 would make the Web "less of a catalogue and more of a guide" making functions on the web that can "reason in a human fashion". Ironically, some people already use the Web as if it was a database versus the social construct that it is presently. The data will be tied together instead of being an island unto itself. Looking at the idea of a 3.0 Web is like gazing into a crystal ball at the future, except that it is a projection based on trends that are taking place now which are very real. It is hard to believe that the groundwork for 3.0 is actually taking place now in a major way. This, according to John Borland (2007), is because it has "been hidden in big companies and research institutes". It is very much present however and is not going anywhere. Even the US government is taking stock and beginning to build intelligent technology! This is because artificial intelligence would take much of the time-consuming work searchers presently encounter to find what they need.

This technology has huge implications for the future of the Web, as well as other aspects of our life. Author Pete Morris believes it could include

  • Microsoft and My Space reinventing the telephone

  • Nokia looking to do Wi-Fi phones

  • Getting paid read your e-mails

  • The government starting to police virtual worlds

Morris also says that in order to achieve 3.0 would mean "the renewal of the Web's key index - the essential data that is catalogued by search engines". As for the future, we may even leave our purchasing decisions to our computer! Heidi Dawley believes that in the future our world will be "seen in three screens - the mobile, TV, and computer". We currently see ads in terms of behavioral and demographic marketing but in the future it will be more of a "predictive model". (Dawley 2007)

Web 3.0 is not without its critics. One of the best arguments out there is from a recent blog by Len Bullard (2007). He believes 3.0 will not be AI based but will have to address the problems of 2.0's interactivity. Web 3.0, according to him, should be a security-based web. This needs to happen regardless on the back end of the web, but it should not define 3.0, besides the fact 3.0 is already picking up inertia and cannot be stopped. Web 3.0 is inevitable and will be an aide to all of humanity that uses modern technology. That is, unless you live in the bush.

Len Bullard (2007) http://technology.timesonline.co.uk/tol/news/tech_and_web/the_web/article2726190.ece

Heidi Dawley (2007) http://www.medialifemagazine.com/artman2/publish/New_media_23/Coming_at_you_and_real_soon_Web_3_0.asp

John Borland (2007) http://www.technologyreview.com/Infotech/18395/?a=f

 

The Best Bet in Online Advertising

Pay Per Click Turns On Pay Per Acquisition

by Adrienne Markovic

10/25/2007


This September Google officially introduced the new wave of SEM (Search Engine Marketing). There has been much said about this new feature known to Adwords users as the "conversion optimizer feature". Previously Google have been using a straight forward Pay Per Click (PPC) system, which they themselves created. PPC ads, also known as sponsored links, are found on a search engine's search results. For instance, when you go to google and type in San Diego Website Design, numerous sections of search results are on the screen. At the very top of the screen there is a map with business listing. This list is a service for those businesses that have accounts with Google. Below that is a list beginning with Appeal Media's Listing (shameless plug!). These are known as organic listings. Advertisers can not pay to be listed organically. It is a very complex system which is based on parameters such as relevancy and popularity. On the right hand side of the screen are the sponsored links. Sponsored links (PPC) are not listings, but clever advertisements that are being paid for.

The Pay Per system works on keywords. Keywords are the words people actually type in the search engine to look, such as San Diego Website Design. This would technically be a keyword phrase; San Diego, Website, and Design. The advertisers will competitively bid on keywords with their competition. This type of advertising takes constant maintenance as the cost of keyword rise and rise. The magnanimous techies at Google saw the problems popping up, such as inflation, with the once golden PPC system and decided to evolve. Other problems noted are ad clutter and fraud. PPC is currently plagued with issues as it comes down from its peak. This situation had to be remedied for the sake of the discontented advertisers and anxious publishers. The solution is PPA.

PPA ( Pay Per Acquisition or Pay Per Action) is a new type of advertising online that is conversion specific and garnering global support from advertisers. As usual, Google has broken ground on this and is offering it to their current Adwords Advertisers as an option for their existing account. E-bay is also doing something similiar with their advertising. There are a lot of fancy words to explain something so simple. Broken down into layman's terms it is not so daunting.

Showdown : PPA vs. PPC

  • Pay Per Click advertisers pay per impression or click. (Not necessarily results driven)

  • Pay Per Action advertisers pay only when an "actionable task" happens.

    • An actionable task is something you want to get from your cutomers to benefit and/or grow your business. Google Adwords lists action options as purchase/sale, lead (new contact), sign-up (subscription), views of keypage, and 'other' (be creative).

  • PPC rates based on keywords rate. Keyword rates have risen with the surge of online business competetion. And then you still have to rely on yourself for conversions!

  • PPA rates are based on actions that directly benefit your business. Prices are not unreasonable for small to mid-size businesses.

  • PPC cost risk is on the advertiser.

  • PPA cost risk is on the ad publisher.

It would be highly beneficial as an advertiser to jump on the bandwagon with this latest and greatest care of Google. It is a rare thing for a publisher to put their money where their mouth is and garner the brunt of a possible loss. Iit is unlikely that a loss would happen for Google or Ebay with their quantum growth patterns. This is still a one of a kind opportunity for businesses to get the most bang for your buck and not to stress as much about return on investment.

http://en.wikipedia.org/wiki/Cost_Per_Action

http://www.webpronews.com

 

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