Tag Archives: algorithims

Social Media is the New Word of Mouth

The best form of advertising is word of mouth, and the new word of mouth is social media. The aim of social media companies is to make their users spend more time on their platforms in order to generate more ad revenue. The more time people spend online, the less time they spend with other people in person, which means less time for physical “word of mouth” interactions. Today, people have more interactions with other people on the internet than in real life, making social media the new “word of mouth”. (This was true before the Covid-19 pandemic which only compounded this effect further.)

Continue reading

The Self-Driving Car Conundrum

Self-driving cars are inevitable. Tesla, Ford, BMW, Nissan, GM, Google, Baidu, Apple, Amazon, Uber, Lyft, and many more companies are all working on developing autonomous driving systems for their vehicles. It is not a matter of if, but when. Self-driving automobiles will be ubiquitous in the future. There is one core conundrum with self-driving cars, however. Self-driving cars will only work if there are only self-driving cars.

Continue reading

Recommendation Algorithms Rule Your Life

algorithm4

Cultural critics used to be essential curators of music, movies, books, and art. When there were only a couple of newspapers or radio stations or TV stations, the select few professional critics had enormous power in telling the public which art they should pay attention to. Then came the internet and everything changed. With blogs, message boards, and podcasts, anybody could become a critic. Both the creation and critique of art became more democratic. Traditional critics became less important. People preferred to take recommendations from like-minded people in their specific cultural niche. This gave real cultural power to bloggers and amateur critics on the internet who developed a following. Continue reading

MoviePass and the Netflix Business Model

moviepass-netflix-business

I’ve always loved watching movies, especially in the theater. There’s nothing like seeing a film on the big screen with a full surround-sound system. It’s an experience you can’t quite reproduce at home. But I never went to see movies in the theater as much as I would’ve liked to because it was too expensive. In New York and Los Angeles, it’s $15+ for a ticket—and don’t even get me started on the food and drink prices. So last year, when MoviePass lowered their service to $9.99 a month, I immediately signed up. With it, you can see one movie every day, potentially thirty movies a month, all for $9.99—less than the price of one ticket. It was a no-brainer for someone like me. Continue reading

Data: The New Most Valuable Resource

data2.png

With the recent Facebook Cambridge Analytica scandal there’s been a lot of concern over, not just Facebook, but all tech companies and the massive amount of personal data they collect from their users. Most people don’t realize how much personal data they willingly relinquish to tech companies in exchange for their services. Nor do people realize just how valuable their personal data is. Continue reading