A framework for Media Convergence

Where the app deviates from your standard, one-off magazine app is in its shopping capabilities. Rather than sending users to third-party retail sites, the magazine partnered with DropWallet to enable users to purchase any of the items directly within the app. Real Simple receives an (undisclosed) cut of each sale, managing editor Kathleen Harris tells Mashable, which is stated in a disclaimer in the app.

(Source: Mashable)

Every business needs to “go digital.” Data about customers, competitors, suppliers, and employees are exploding. Ninety percent of all data were created in the past two years. By 2016, there will be 3 billion Internet users globally, and the Internet economy will reach $4.2 trillion in the G-20 nations.

(Source: bcgperspectives.com)

Amazon’s calculated that a page load slowdown of just one second could cost it $1.6 billion in sales each year. Google has calculated that by slowing its search results by just four tenths of a second they could lose 8 million searches per day.http://on.mash.to/HdlHX3

(Source: interestingsnippets)

The massive drop in latency is expected to supercharge algorithmic stock market trading, where a difference of a few milliseconds can gain (or lose) millions of dollars.

(via http://interestingsnippets.tumblr.com/)

(Source: extremetech.com)

And these days, there’s always more data. We gather far more of it then we can digest. Nearly every transaction or interaction leaves a data signature that someone somewhere is capturing and storing. This is, of course, true on the Internet; but, ubiquitous computing and digitization has made it increasingly true about our lives away from our computers (do we still have those?). The sheer scale of this data has far exceeded human sense-making capabilities. At these scales patterns are often too subtle and relationships too complex or multi-dimensional to observe by simply looking at the data. Data mining is a means of automating part this process to detect interpretable patterns; it helps us see the forest without getting lost in the trees.

(Source: Mashable)

Remember that subway platform supermarket in South Korea? Tesco and Samsung are taking this idea to the next level with their virtual HomePlus grocery store that opened its doors in Seoul two days ago.

(Source: popupcity.net)

Business models today: Google & Facebook= advertising; Amazon/Apple/Msn= commerce

(Source: splatf.com)

A new report by noted research firm Forrester suggests that those who depend on online marketing and ecommerce for their livelihoods need to closely observe the “Big Four,” namely, Amazon, Apple, Facebook and Google. (..)
- Almost half of online shoppers start their research process by going to Amazon or Google.
- Over 40 percent of the world’s Internet traffic flows through Facebook and Google on a daily basis.
- 49 percent of iPad owners purchase products using their iPads and 21 percent of iPhone owners purchase products using their iPhones.

(Source: revenews.com)

PayPal has created catalog ‘mobile shopping walls’ in 15 metro stations in Singapore. The large display features Valentine’s Day offers from eight participating retailers.
via @dancall1

(Source: psfk.com)