Tag Archive | social network

How Technology Made `Occupy Wall Street’ Both Irrelevant and Ubiquitous | MIT Technology Review

by Christopher Mims, MIT Technology Review, October 5, 2011

How can you ‘occupy’ an abstraction? By invading the network on which it depends.

Watching the protest in lower Manhattan metastasize from an eager call for volunteers on various social networks to a full-on movement has been a dizzying exercise in the power of technology to render protest both irrelevant and remarkably powerful at the same time. Perhaps this is the condition of all political movements in the 21st century, but Occupy Wall Street feels like a post-post-something exercise in the ability of social networks, citizen journalism and the always-on news cycle to amplify the power of symbols. It’s also a demonstration of the futility of trying to shut down an industry that has more or less completely dematerialized. …

For full text of the article, visit How Technology Made `Occupy Wall Street’ Both Irrelevant and Ubiquitous – Technology Review.

Datamining Social Media Profiles for Actionable Intelligence | The Financial Brand

The Financial Brand, October 24, 2011

If a financial institution could know that one of its customers just got married[, had a baby, or got divorced,] wouldn’t those life events create selling opportunities for that financial institution? If a bank or credit union could understood its customers’ life situations, wouldn’t they be able to market specific products and services centered around people’s unique needs? … Technologists say it is possible — at least in theory — for financial institutions to link data available in social media profiles with marketing strategies and lending decisions. …

For full text of this chilling article, visit Datamining Social Media Profiles for Actionable Intelligence | The Financial Brand: Marketing Insights for Banks & Credit Unions.

New Report from the Congressional Research Service: Social Media and Disasters

SECRECY NEWS from the FAS Project on Government Secrecy
Volume 2011, Issue No. 86
September 13, 2011

Secrecy News Blog:  http://www.fas.org/blog/secrecy/

The growing use of social media — such as Twitter and Facebook — in responding to emergency situations is examined in a new report (pdf) from the Congressional Research Service. “In the last five years social media have played an increasing role in emergencies and disasters,” the report notes. “… They have been used by individuals and communities to warn others of unsafe areas or situations, inform friends and family that someone is safe, and raise funds for disaster relief.” While they have still untapped potential for improving emergency communications, social media can also be used — inadvertently or maliciously — to disseminate false or misleading information, the report observes. See “Social Media and Disasters: Current Uses, Future Options, and Policy Considerations,” September 6, 2011.

9/11’s Effect on Tech on NPR’s Marketplace

by Steve Henn, Marketplace Website, September 8, 2011

Kai Ryssdal: Our coverage of the economic legacy of September 11th takes a turn to technology today, and the law of unintended consequences. Not long after the attacks, the federal government began investing heavily in new technologies that Washington said would make us safer as individuals and more secure as a nation. One of those technologies was facial recognition research. Back then, it sounded futuristic or something out of James Bond. And then Facebook happened.

Marketplace’s Steve Henn reports. For full text of the article or to listen to the story, click here.

The Legal Implications of Social Networking Part I

By David Navetta, Information Law Group, June 11, 2011

Much like the “Cloud computing revolution” there is an almost frenzied excitement around social media, and many companies are stampeding to exploit social networking.  The promise of increased intimate customer interactions, input and loyalty, and enhanced sales and expanded market share can result in some organizations overlooking the thorny issues arising out of social networking.  Many of these issues are legal in nature and could increase the legal risk and liability potential of an organization employing a social media strategy.

In this multi-part series the InfoLawGroup will identify and explore the legal implications of social media. This series will help organizations begin to identify some of the legal risks associated with social media so that they may start addressing and mitigating these risks while maximizing their social media strategy.

In Part One of the series, we will provide a high level overview of the legal risks and issues associated with an organization’s use of social media. In subsequent parts members of the InfoLawGroup team will take a deeper dive into these matters, and provide some practical insight and strategic direction for addressing these issues.   As always, we view our series as the beginning of a broader conversation between ourselves and the larger community, and we welcome and strongly encourage comments, concerns, corrections and criticisms.

View the entire entry:

Social influences kill the wisdom of the crowd

Social influences kill the wisdom of the crowd

By John Timmer | Ars Technica, Published May 17, 2011 2:09 PM

The “wisdom of the crowd” has become a bit of a pop cliché, but it’s backed up by real-world evidence. When groups of people are asked to provide estimates of obscure information, the median value of their answers will often be remarkably close to the right one, even though many of their answers are laughably wrong. But crowds rarely act in the absence of social influences, and some researchers in Zurich have now shown that providing individuals information about what their fellow crowd-members are thinking is enough to wipe out the crowd’s wisdom. …

For full text of the article via Social influences kill the wisdom of the crowd.

Mining of Raw Data May Bring New Productivity, a Study Says

By Steve Lohr, NYT, May 13, 2011

…The quantity of business data doubles every 1.2 years, by one estimate. Mining and analyzing these big new data sets can open the door to a new wave of innovation, accelerating productivity and economic growth. …The next stage, they say, will exploit Internet-scale data sets to discover new businesses and predict consumer behavior and market shifts. …

For full text of the article, visit Mining of Raw Data May Bring New Productivity, a Study Says – NYTimes.com. The McKinsey Global Institute will release a report today titled “Big Data: The Next Frontier for Innovation, Competition and Productivity.”

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