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On August 9, 2011, ArnoldIT and Quasar Capital Advisors made publicly available an alpha test of a free patent information service. PatentPoints.com provides a “vertical file” of curated information about business implications of patents and intellectual property. The information service is built upon the Augmentext technology and candidate articles for the vertical file are identified using the ArnoldIT Overflight technology.

The writing team consists of a law librarian, an attorney, and a journalist. The writing team told SSN:

We want to get feedback on the alpha test of the service. Our plan is to create a social component to the information service tapping into the features of Facebook and Google+ (Google Plus). We think that our curated and annotated information will be anchor points for lively discussion of the business and related issues triggered by patent activities.

The idea of curating content and providing commentary that puts complex matters into a business context is an excellent one. However, what sets the PatentPoints.com service apart is its plan to integrate the information into a social network. Legal information is, says Stephen E Arnold, “a magnet for those with familiarity with legal jargon and attorneys who reference cases or documents that are often not easy to obtain with a Web search. Our goal is provide easy to understand information and stimulate a discussion of business issues affected by the surge in patent litigation.”

The service is sponsored by Quasar Capital Advisors, a next generation financial services firm. The system is built on the Augmentext technology developed by Stephen E Arnold, ArnoldIT.com. Mr. Arnold’s Overflight information service is used to identify candidate stories which are then vetted by the editor, Constance Ard, an MLS and law librarian with more than a decade of experience working in law firms.

The service is updated each day, Monday through Friday. The alpha Web site offers a search box so the backfile of content is easily accessible. Like other Augmentext information services, a controlled vocabulary is used to index the content, so a user can search via a controlled term such as “patent research” or a free text string.

The alpha service will accept sponsorships during the alpha test period. For information about how to participate in the sponsorship program, write the PatentPoints team at patentpoints@hotmail.com.

We think the social angle is an important and much needed component to what would otherwise be a complex subject that is having a larger and larger impact on business and innovation.

Benjamin Kent, August 9, 2011

TheCardLine to Go Social

August 2nd, 2011 | Posted by admin in blog | case study | marketing | News - (0 Comments)

A new information service is now available from Quasar Capital Advisors. The service provides information about prepaid credit cards. A consumer may purchase a prepaid credit card from such retailing powerhouses as Walmart or Walgreen’s. Prepaid credit cards are not new, but due to the challenging financial environment, prepaid credit cards are gaining momentum.

TheCardLine.com provides information which has not been easily available in a single information service. According to Lance Hailstorm, Quasar Capital Advisors:

We wanted to provide a single point of access for important news and information about the prepaid credit sector. We have made an attempt to pinpoint certain financial and government documents which can be difficult to locate using a traditional search and retrieval system. We also have an interest in reporting new developments and offering a critical comment about the prepaid industry. Our firm can provide financial and business advice to organizations looking to explore prepaid credit as a new revenue stream or to cost reduction initiatives.

In my conversation with Mr. Hailstorm, I learned three additional things about the new service:

  1. The company will be making public comments a part of the service. The idea is to allow an open discussion of the information presented in the service.
  2. The company will complement its RSS feed and Twitter stream with both Facebook and Google+ services in the near future.
  3. Readers contributions are invited. Submit your ideas for articles via the form available at this link.

The information for the service is provided by Augmentext.com, a services firm owned by Stephen E Arnold.

We learned about an interesting social technology application. We read “Are Patents and Intellectual Property the Next Gold Rush?” in the HighGainBlog, published by Stephen E Arnold. He interviewed one of the founders of ArticleOnePartners.com, a fast growing online crowdsourced expert advisory firm. Mr. Arnold spoke with Cheryl A. Milone, Esq. about AOP’s social platform for connecting those with a patent-related question to experts who have particular expertise in the complex field of intellectual property.

One of the passages which struck us as particularly interesting was Ms. Milone’s answer to the question, “Can you give me an example of how the social method works?” Ms. Milone replied:

There is the engineering or technical aspect of a patent. There are financial and business issues. There are risk factors that must be considered and evaluated. In Manhattan, it is possible to locate the expertise needed to tackle a patent matter. However, if one lives in a smaller city, expertise may not be a couple of blocks or a taxi ride away. We tapped the social capabilities of the Internet and assembled an unrivaled, world class team of experts in law and the necessary disciplines to provide the advice, counsel, opinions, and facts our clients require. With our crowdsourcing platform, we can tap the expertise a client requires in a fast, secure, and agile way. Distance is not a factor. Reaction time is accelerated.

What’s interesting is that the AOP approach blends the speed and flexibility of time shifting with the social approach of a large pool of specialists. If you want to know more about the Article One approach, point your browser to www.articleonepartners.com.

A misstep in patents is, as Ms. Milone said, “The present business climate has raised the stakes in what historically has already been a very high stakes game. Obviously a company can be sued and have to pay very sizable damages. The loss in research and development  investment is another risk.”

Kenneth Toth, July 25, 2011

My colleague, Stephen E Arnold, publisher of Beyond Search ran a story called “New Vertical Information Service: Monaco Centric Breaks New Ground.” We found the post interesting because it highlighted several reasons why traditional brute force search systems are not working as well as I think they should.

The sharp uptake in interest among consumers and organizations for social media is, in my view, a direct reaction against the failure of the traditional key word search systems. Now I think key word search will be available because it is a utility function. It works quite well when I am looking for a document on my hard drive with a unique word or phrase. Key word search doesn’t work very well in commercial online, which is one reason why ProQuest is working overtime to get a new faceted search system in front of its professional online searchers.

I think the shift from brute force search to social systems such as Facebook and Google+ are clear signals that the era of Excite, Lycos, and HotBot are little used, although revolutionary in their hay day. I also think the shift has some implications for commercial search systems such as WestLaw, LexisNexis, and Questel.

The reason is that it is easier to ask those in a “circle” or “friends” where to vacation. I can see a Facebook social network member saying, “I learned about MonacoRocks.eu. Check it out.” That human reference is similar to the work that a traditional reference librarian performed until the severe budget cutbacks curtailed many essential library functions.

Services like MonacoRocks.eu, therefore, play a role similar to the vertical file in the library I frequented when I was in grade school a decade ago. A vertical service lends itself for diffusion by referral. Of course, if the content is indexed, a person running a key word search on “Monaco green technology” will get hits. But the curated vertical service makes it easy for me to send a link to a person in my Google+ circle saying, “Useful site. Check out http://goo.gl/.” No search needed.

The Beyond Search post at http://wp.me/pf6p2-4PO offers several reasons why a vertical information service is useful. I agree with the points that key word search is a time consumer, not a time saver for some queries. I like the idea of “selectivity”, which is a fancy way of saying “editorial control.” I also find the reference to “high value content” valid, but I think great care must be taken to make sure that source documents are valid and have provenance. Finally, Mr. Arnold asserts:

the vertical information service lends itself to an “app.” The content on this information service is a harbinger of specialized content collection and curation. I think that information applications for the iPad and other mobile devices become much easier when there is a body of high value, focused content.

I do not agree. I think that an app may be created but I think the value of a vertical information service is to provide the type of content that makes it practical to provide brief, useful guidance to a person looking for a location for a business meeting on the Mediterranean.

I hope that MonacoRocks.eu becomes more socially engaged, but the service is new. I applaud the inclusion of open comments. We came across one Monaco centric site that did not permit open comments. When a site makes it difficult for a conversation to be conducted, our question is, “Why aren’t you social?” It also makes me wonder if the blog or Web site has something to hide.

Bruce Wilson, July 13, 2011

Awareness, Inc. has released a new white paper entitled “Social Media Goes Multiplatform” containing research done by Paul Gillin Communications.

The press release on MarketWire describes the research as an “online survey and in-depth interviews with marketers,” focusing on their multiplatform social media strategies. Included are several interesting sections, including: social media adoption rates by year, favored platforms (blogs vs. YouTube, etc.), ROI and metrics, and social media spending plans. The report includes interviews with marketers from a diverse mix of companies, including Coca-Cola, Ford Motor Company (who, as we’ve written, has a vast social media strategy), Cisco Systems, and Dell. Metrics that each company used to judge progress are included, as well as what each business learned from their multiplatform approach. The research plans to continue through the first half of 2010, offering us more insights into social media’s heavy use in the marketing world.

The SSN Take: Skim through the white paper and glean some insights about how companies are using multiplatform social media strategies.

Samuel Hartman, April 7, 2010

Note: Post not sponsored.

Unity Marketing has released a new report on how the affluent (avg. income $239,000) use the internet and social media, particularly when it comes to shopping.

Street Insider’s article, “80% of Affluent Consumers Use Social Media,” discloses the main point the in the title: if you’re looking to market to the wealthy, the Internet is the place to be. A subsection of the group, “heavy users,” shop online more than four hours per week, and their actions are detailed in the report. Other questions addressed include: which social networks do they use the most? What websites do they frequent for luxury shopping? How do they interact with these sites to glean information about products and brands? The 59-page report, while not cheap at $459, could contain valuable information if you’re looking to market to this demographic. The detailed analysis of the heavy users promises to describe in-depth the specific online buying habits of affluents.

The SSN Take: If selling luxury products, this report may be worth reading.

Samuel Hartman, March 23, 2010

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Back in January, to commemorate Data Privacy Day, Microsoft released a study of professionals worldwide with some interesting conclusions regarding online reputation.

Online Reputation Can Cost Someone A Job” gives the biggest factoid: 70% of HR professionals turned down a potential employee based on data discovered about them online. And while many consumers are concerned about their online rep, less than half consider it when posting online. Fewer than 15% believe it would negatively impact their job hunt. Microsoft’s Privacy Strategist cautions that an online reputation is not something to be scared of, but “proactively managed.” Many of the HR professionals surveyed indicated that good information about a candidate online can help their chances. Clearly, companies are doing a little Googling when a new name comes under their nose, so it’s up to you to make sure those results are clean.

The SSN Take: Check out Microsoft’s Data Privacy Day website - as they say, “your reputation is ON the LINE.”

Samuel Hartman, March 22, 2010

Note: Post not sponsored.

At a time many companies are looking at creating a social media policy or maybe beefing up the one they have to address new issues and opportunities, the Chartered Institute of Public Relations has released a social media update to their 2007 guidelines.

The update is for their members and the larger public relations audience. This comprehensive set of guidelines was created to not just help members and users to avoid problems while in social media, but to set straight the details surrounding social media and take advantage of the opportunities that await them in this vast, albeit still new, world.

See the PDF here. So how does the 2009 version of guidelines differ from the 2007? If the size of the index is any indication, they know more so they must have more advice to impart. The first newbie in the list is “social media measurement.” Recognizing the importance of providing ROI calculations and metrics, their basic advice is to remember it is just another media, treat it normally, and not to do it in isolation. Integrating it with your mainstream media analysis gives you a larger and more complete picture on which to base future decisions.

Search engine optimization also made the list as an essential part of any online marketing campaign. Explaining not only the benefits of good search engine placement and increased rankings, they also warn of “white hat and black hat” approaches to improve these search engine rankings and remind their members they are required to adhere to the CIPR codes of ethical conduct.

Online tracking and advertising also appear for the first time in this version of guidelines. Addressing again the ethical codes surrounding the gathering of personal information and how that information is handled, shared and stored is prominent. Lifted up as an example of a social media pitfall is Facebook’s Beacon, which received a number of complaints when launched in 2007.

The last new topic addressed in the guidelines is user generated content. With the invasion of YouTube and web casts, as well as the popularity of on-demand television, this is the genre that is the hardest to manage. The CIPR reminds members of their ethical code recommendations and the requirements that online product placement needs to be transparent and not disguised in a cloak of artsy, backyard filmmaking.

All in all, the guidelines seem to be much more comprehensive than the last version and have evolved to address the continuing areas of concern that organizations face. Though the CIPR is based in the United Kingdom, the guidelines can apply across the world just as social media knows no borders or walls.

The SSN Take: Remember social media is just another form of media.

Melody K. Smith, March 10, 2010

Note:   Post not sponsored.

As companies continue to discover the power of social media, the India-based divisions of IBM and cloud-computers ECM are beginning to let their employees enter the fray.

Social networking is serious business” profiles the two companies who are urging their employees to use networking tools to stay in touch and collaborate with friends and colleagues.

But it’s not just fun and games: each company has designed their own social networking software to enhance productivity. ECM uses ECM One, where employees collaborate online to “make presentations and exchange ideas,” while IBM uses LotusConnections – a tool similar to Facebook with profiles, blogs, photos, and forums. The internal success of LotusConnections has made it desirable for other companies, and IBM has licensed the social collaboration software to the likes of Colgate and India phone company Airtel. The bottom line: with proper planning, a social collaboration system can help companies improve their workflow.

Sam Hartman, March 5, 2010

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A recent Fort Lauderdale Sun Sentinel column by Seth Liss: “As social media usage expands, how will it change us,” dissected social media’s impact on our culture. While the piece did a great job of showcasing positive results, it hardly touched this phenomenon’s negative cultural impact.

The article stated users age 8-18 are focusing on social media approximately 7.5 hours a day and possibly 11 hours a day when you count multitasking. The article optimistically cataloged the benefits of this lifestyle: an increase in online reading means that literacy rates will increase since knowing how to read is essential to social networking; more interactions with a wide variety of people will enhance a child’s communication skills; and this leap in multitasking (such as simultaneously managing Facebook, iPod and doing homework) will improve critical thinking. While promising and thought provoking, its results fail to notice how these same benefits can severely wound our culture.

Conversely, British newspaper, The Guardian, article “Facebook and Bebo risk ‘infantilising’ the human mind“ warned: “children’s experiences on social networking sites ‘are devoid of cohesive narrative and long-term significance. As a consequence, the mid-21st century mind might almost be infantilized, characterized by short attention spans, sensationalism, inability to empathize and a shaky sense of identity.’”

While shocking, this is still only theory since barely any hard research has been done on the subject. However, The Guardian claimed there were other ways to show how critical thinking and attention are negatively affected. It stated prescriptions for methylphenidate, an attention-deficit hyperactivity drug, have gone through the roof for young people in the last five years, roughly the same stretch of time the social media phenomenon has taken flight.

In addition, this piece argued that an 8-18 year old social media fanatic’s communication skills will not be enhanced, but rather diminished. “Real conversation in real time may eventually give way to these sanitized and easier screen dialogues, in much the same way as killing, skinning and butchering an animal to eat has been replaced by the convenience of packages of meat on the supermarket shelf. Perhaps future generations will recoil with similar horror at the messiness, unpredictability and immediate personal involvement of a three-dimensional, real-time interaction?”

While both viewpoints agree it’s still too early to definitively understand the benefits and dangers of social media interaction, they both state our culture is shifting rapidly. The question is, which direction is it headed?

Patrick Roland, March 4, 2010

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