Several new words and phrases have entered our vocabularly in recent times. Over the past decade a stream of innovation has occured in the digital realm forcing an
innovation in the language to describe it. Arguments surrounding the definitions of terms like
'new media', 'social media', 'digital media', abound, which can lead to quite a bit of confusion.
Digital media basically refers to electronic media, as opposed to analog media, i.e. CDs, MP3s etc.
Generally speaking, 'new media' is a reference in opposition to 'old media' - newspapers, radio, tv etc. The new media includes things like podcasts, blogs, websites, although many old media giants are utilising all these new mediums to much profit and advantage. For example, consider the fairfax group, who also publish their newspapers online, some for a subscription, and sell a great deal of advertising, and have integrated with a number of other sites to create a one-stop shop. Yahoo!, mircrsoft and many others also engage in such partnerships.
Social media and web 2.0 (almost used interchangeably), are again difficult terms to define, and are those forms of new media that involve social interation between the participants, user-generated content, and little control by those who facilitate them. Examples include myspace, facebook, wikipedia and youtube.
innovation in the language to describe it. Arguments surrounding the definitions of terms like
'new media', 'social media', 'digital media', abound, which can lead to quite a bit of confusion.
Digital media basically refers to electronic media, as opposed to analog media, i.e. CDs, MP3s etc.
Generally speaking, 'new media' is a reference in opposition to 'old media' - newspapers, radio, tv etc. The new media includes things like podcasts, blogs, websites, although many old media giants are utilising all these new mediums to much profit and advantage. For example, consider the fairfax group, who also publish their newspapers online, some for a subscription, and sell a great deal of advertising, and have integrated with a number of other sites to create a one-stop shop. Yahoo!, mircrsoft and many others also engage in such partnerships.
Social media and web 2.0 (almost used interchangeably), are again difficult terms to define, and are those forms of new media that involve social interation between the participants, user-generated content, and little control by those who facilitate them. Examples include myspace, facebook, wikipedia and youtube.
So, these are all big corporates. What does all of this mean for your business or organisation? People are no longer satisfied with looking at online brochures, which is what many websites are. Customers and consumers want to interact, want to choose what information they receive, want to be able to talk back, and have a conversation about things. The organisations that allow customers to do this, engage with them in meaningful ways and provide useful and interesting content, are the ones who will win market share in the new media scene.