After looking at the Digital Divide, it has been interesting to see how power lies within the social graph, and how this in turn creates unique network effects, separate to those offline.
This is an interesting piece written by Tony Effick Communications Strategist and Chief Strategy Officer of Online Advertising Agency: Publicis Modem London
In it he talks about, amongst othere stuff, how the nature of advertising has shifted enourmously since the onset of Web 2.0. It seems that the dream of Tim Berners Lee “Intelligent Agents” (1999) is beginning to become a reality and with it comes good news for the consumer.
No longer is the advertising world built around an uneven balance of information. Nowadays the consumer has access to a huge variety of decentralized information online (as opposed to the previously centralized dominated mediums of Television and Radio). This access to information transparency and the introduction of aggregator sites (which collate data and provide smart analysis) means that consumers are more savvy when it comes to a product and are not as willing to trust a brand straight up.
The upshot of this is that no longer will a brand rely on being a household name, but they will begin to offer real service value and honesty will become the best policy.
As Effick writes:
"You can already see that intelligent agents, and aggregator sites are an antidote to branding. They level the playing field. In these environments, brand claims are easily neutralised by information transparency. They aren't a complete antidote, as we find on aggregator sites, people still tend to choose the brands they know and trust, but it does change the dynamic of the market.
In the age of the semantic web, and in this age of the aggregators - information transparency demands that the role of the advertising agency changes…The dawn of intelligent agents requires the dawn of a new type of ideas shop: one dedicated to creating branded utilities and branded services.”
Does this shift mean that finally advertisers no longer have immunity from honesty? Has the advent of intelligent agents completed the seismic power shift from brands to the consumer. No longer can a brand pull the wool over the eyes of a savy consumer... and is it the innate transparency of the internet that has achieved this?
Food for thought.