In the first part of this article ‘A Picture’s Worth a Thousand Words – stock photography & the shifting market‘ we looked at the challenges facing the stock photography market. In this second instalment we’ll take a quick look at the approaches that some of the stock photography agencies are taking to adjust the settings…
‘A picture’s worth a thousand words’, or so the saying goes. It’s a phrase that is rumoured to have come from an ancient Chinese proverb and which became more prevalent in the 20th Century. Whilst we’ve grown up used to seeing illustrated books, it’s a concept that has become even more powerful in the digital…
Following on from my recent article on the challenges in the broadcast media space, it was interesting to see the data released by Nielsen SoundScan relating to music consumption trends. It showed that in the first half of the year there’s been an almost 12% drop in digital album sales, alongside a 13% drop in…
The difference between winners and losers is often that winners are able to see opportunities and position themselves to take advantage of them better than others in the market. Increasingly, positioning to take advantage of new opportunities can include the need to achieve business model transformation. We don’t have to look too far for examples of…
In a world where we’re increasingly expecting increasingly high definition in relation to the content that we consume, the TV business model is becoming increasingly blurred. In a recent case in the US, the Supreme Court decided that Aereo’s business model was no different to a cable provider, despite the difference in technology, and therefore…
It’s estimated that the hospitality industry in the UK employs about 6% of the total working population, some 1.7m people, and accounts for £55-60bn pa. Just under a half of that figure ~£25bn relates to restaurants, ~56,000 of them if the latest estimates are true. It’s an industry sector that we all probably encounter more…
The process of making a cup of coffee is about as simple as a task gets. That’s not to say producing the perfect crema doesn’t have its fair share of innovation, science and technique, but ultimately it’s a repeatable, mechanistic process. It’s a market which from the last available research, which was for 2012, grew…
One industry that isn’t a stranger to commercial innovation is the music industry. Taking recording formats as an example, since the late 19th century there have been several waves of advancement, including: – Phonograph cylinder (1888-1920’s) – Vinyl (1920’s – early 1990s ) – Cassettes (Late 1970’s – early 2000’s) – CD’s (1982 – )…
Back in October 2012 I wrote an article titled “Software by the Month – A better proposition than your gym membership?” in which I highlighted the increasing trend towards subscription based business models in terms of software licensing. In the article I investigated the opportunities for software publishers and users alike that the model could open…
One of the great examples of recent time that is used when people talk about innovation is the iPhone, however, in recent times the iPhone has been under stiff competition from other handset manufacturers and platform providers. It is widely acknowledged that the last iPhone didn’t really wow the world in the way that previous…