‘Content Shock’ Puts Top Publishers at an Advantage

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The titanic eruption of web-based content has reached overload, and a consequent drop in reader engagement. The good news? In this new world of content saturation and falling social shares, the big winners are publishers that have built a strong reputation for original, authoritative content.

In a world where 40,000 articles a week covering Bitcoin were published online in December 2017 alone, the coining of the phrase “content shock” should come as no surprise.

The Content Trends 2018 research report from Buzzsumo, released in March, is based on a review of 100 million articles published on the web in 2017.

The results are sure to send the digital marketing world into a tailspin:

  • Social sharing of content has halved since 2015.
  • The days of viral posts gaining hundreds of thousands of shares are waning as the majority of content now receives zero backlinks.
  • New topic areas are rapidly becoming saturated with content.

The winners in the world wide web of ‘content shock’

In his foreword to the report, Mark Schaefer, author of The Content Code, claims credit for naming this “content shock” back in 2014. He had once seemed a lone voice in the wilderness —until now.

While there’s a battleground ahead for digital marketers and companies that invest heavily in content marketing, there’s also positive news for quality publishers. They are the ones reaping the rewards of an increasingly saturated and competitive online environment.

“Not all sites have seen a fall in content engagement,” reads the report. “We have seen some major publishers increase both their total and average shares.”

Two such sites bucking the downward trend are the Harvard Business Review and The Economist, both of which have experienced an increase in content sharing.

In fact, seven of the top 10 most shared articles on Harvard Business Review over the last five years were published in 2017. The average number of shares has also increased from 4,007 in 2015/16 to 4,506 in 2017.

Similarly, the two most shared posts from The Economist over the last five years were both published in 2017. For comparison, the median number of shares for posts published by The Economist in 2015 and 2016 was 43. However, in 2017 such social shares increased to 78.

It appears that increased content competition has not adversely affected these sites. Paradoxically, it may have helped them reinforce their position in a world of content saturation.

“If you are going to share something with your audience you want to make sure it is well researched and authoritative from a trusted source, thus it is possible people are more selective with their sharing,” states the report.

Profiting from partisanship and LinkedIn shares

Another long-standing publisher sticking out from the crowd is The New York Times., According to the Buzzsumo report, rising engagement with its content may largely be due to political reporting coupled with the trend of rising shares for partisan political content generally since 2015.

After Facebook changed its News Feed algorithm in 2017, most online publications saw a massive drop in social shares. However, The New York Times again sidestepped some hardship by gaining shares on a different platform.

According to the report: “We have also seen major publishers like The New York Times increase their LinkedIn shares, albeit this is still a small proportion of their overall shares. LinkedIn may represent a better opportunity for business to business [B2B] sites. Many businesses were building their presence on Facebook but the recent algorithm changes could prompt a renewed focus on LinkedIn.”

LinkedIn recently told Digiday that comments, likes, and shares on the platform are up more than 60% year over year. The Buzzsumo data also shows that while social engagement with content is falling on Facebook and Twitter, many B2B publishers, including Forbes.com and BusinessInsider.com, are seeing increases in social sharing on LinkedIn.

The trend with backlinks is also positive for quality news publishers. Overall, the median number of backlinks in Buzzsumo’s sample of 100 million posts published in 2017 was zero. However, the report found that backlinks were gained consistently by authoritative sites. For instance, the report states that for sites such as the Pew Research Center, the median number of backlinks per article was higher in 2017 than in previous years.

Good news for the future of online news?

To borrow from the financial lexicon, it appears we are witnessing a market correction in response to an oversupply of lower-quality content and overused formats like clickbait that have peaked and declined.

Reassuringly for news publishers, however, there is clearly rising demand for high-quality, well-researched, and reputable content. For publishers with an established track record of authority in specific topics, they seem poised to gain the most from this climate of “content shock.” Fledgling and lower-quality publications will want to focus on delivering top-notch content rather than resorting to gimmicky publishing tactics that have long-frustrated audiences.

In the end, the Buzzsumo report’s bleak look at social engagement in 2017 offers a glimmer of hope for the future of news online. Quality, not quantity will be rewarded, likely leading to a more productive competitive model that ultimately gives news consumers a better and more valued final product.

Image sources: Buzzsumo

The massive opportunity to convert data explosion into business value and rapid innovation

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I was recently interviewed for an article How we will learn to love big data for ICAS that explores the capabilities required to convert the extraordinary potential of data profusion into true business value.

The article was written for an accounting audience, however the issues are relevant to all professionals.

Indeed every company needs to find and develop professionals who can turn massive data into value, better decisions, and enhanced innovation, in particular by applying lean start-up thinking and methodologies to every aspect of the business.

Below are some excerpted quotes from the full article:
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The past and current state of futurist associations around the world

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Recently, I wrote about the work that Ross Dawson and I have done researching government agencies/ projects around the world that use futures and foresight methods. We have also researched the many futurist associations around the world and have developed a list of associations that:

  1. Are specifically focused on futures and foresight methods
  2. Have a reasonable number of members
  3. Are formally organized
  4. Are currently active

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The Value of Collaboration: Improving Innovation in University-Business Relationships

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This paper was originally published in Academic Leadership Series: Improving Innovation and Collaboration Between Industry and Business Schools, based on a keynote by Ross Dawson at CA ANZ Thought Leadership Forum.

Introduction

What is the value of academic–business collaboration? The current landscape suggests that there is much potential value that is not being realised, which begs the question, what is possible? What value can be created through utilising the wealth of resources we have in the academic–business sector, for the benefit of the business community and society more broadly?
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Re-envisaging the organization in a rapidly changing world

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I recently gave a keynote on Business in the Age of AI at Oracle CloudWorld.

After my keynote I was interviewed about some of the key messages in my keynote. Here is one of the short videos created.

Below is a transcript of my comments in the video.
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The only good reason to speak is to change people

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I have been a professional speaker for over 18 years, alongside the various entrepreneurial endeavors that have kept me busy over the last couple of decades.

It is a great privilege. Speaking is a truly wonderful way to make a living. I get to travel all around the world, having done paid speaking engagements in 30 countries so far. I learn in every engagement, in preparing to do the best job possible each time and by being exposed to a wonderful diversity of people, organizations, and industries. And I love the performance of professional speaking, stemming from my younger days as a musician.

However speaking must be done with purpose.
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An overview of futures and foresight in government agencies around the world

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In 2014 Sweden made headlines as the first nation to appoint a Minister for the Future, Kristina Persson. Unfortunately, her role only lasted for a year and a half. Sweden’s experience with long-term planning at such a high level is common. Many governments spend a few months to a year thinking about the long-term future before taking a break.

The context for foresight in government

For governments to plan for the long-term future, they must first sustain their efforts at long-term thinking. Long-term thinking actually has a history of at least 100 years in national governance. In fact, an entire field has built up in that time devoted to helping organizations, both public and private, to forecast, plan, and prepare for the future.
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How far will the shift in power to individuals go?

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A few weeks ago I gave the keynote at the Asian Forum on Enterprise for Society in Manila, Philippines. The conference began as Asian Forum on Corporate Social Responsibility in 2002, this year celebrating the anniversaries of the convenors, 50 years for Asian Institute of Management (AIM) and 60 years for Ramon Magsaysay Award Foundation (RMAF).

I was honored to give the opening address on How Different Will the Future Be?, immediately preceding the keynote by the Vice-President of Philippines, Leni Robredo, who drew on her background as a social activist lawyer to present a powerful view of possibilities, in fact echoing many of my themes of platforms and cross-boundary collaboration.

One of the themes of my keynote was the massive trend of the shift in power to individuals.
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Using stress scenarios to manage risk and enhance strategy

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I recently ran a small project for the technology division of a major financial institution that is planning its workforce requirements over the next 3-5 years.

They recognized that there are substantial uncertainties to their planning, including how financial services will be delivered, the types of technologies that will be used, the specific skills that will be required, the availability of those skills in the market, and the organisational structures for internal technology services.

As such they wanted to apply scenario planning to make sure they were addressing those uncertainties in their planning.
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Keynote slides: Business in the Age of AI

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This morning I am giving a keynote at Oracle CloudWorld Sydney on Business in the Age of AI.

Below are the slides to my keynote. As always, my slides are designed to provide visual support for my presentation, not to be useful on their own, however may be of interest even to those who didn’t attend, especially in the 7 key elements to an AI strategy, also summarized below.