Showing posts with label Summarization Technology. Show all posts
Showing posts with label Summarization Technology. Show all posts

Wednesday, May 8, 2013

The Future Of Mobile Is Summarization Tech, Says Marissa Mayer

Marissa Mayer, a proponent of Summarization Tech spoke at the Wired Business Conference. She predicted that “summarization will be a core technology on mobile.” Mayer put her money where her mouth is with Yahoo!'s acquisition of Summly, a news reader app based on summarization technology.


If you want to know about the trends in Summarization Tech and the reasons why it's the next wave on Mobile, read my blog post about Summarization on Google Glass.


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Monday, May 6, 2013

What's The Deal With Acquiring News Reader Apps?

LinkedIn started the trend by acquiring Pulse news for around $90 Million. Then Summly was purchased by Yahoo! for $30 Million and Google gobbled Wavii for around the same amount.

All three acquisitions have been in the news reader space. Summly and Wavii are especially noteworthy acquisitions because of the summarization technology these news readers are built on. Artificial Intelligence and Natural Language Processing are the underlying  coding technologies that summarize a news article into a short paragraph; perfect for mobile snacking. But lets not leave Pulse behind. This news reader app lays out news headlines in a tile format for quick browsing and reading. The usual sharing and favoriting are built right into all three apps. I wouldn't be surprised if LinkedIn builds some kind of summarization technology into Pulse to bring it on equal footing with Summly and Wavii. In fact since its acquisition, LinkedIn has already added its latest 'LinkedIn Influencers' as a news source to Pulse. Now, instead of logging into LinkedIn to read your favorite influencer's updates, you can do so directly in Pulse - in that concise tile format.

So lets come to the meat of this post. Why is an internet search company, an internet media company and a professional networking company snapping up mobile news reader apps? In a word, content. In 3 words, content in context. We are slowly but surely realizing that mobile is the future - that's the context - mobile. Accessing news is one of the top tasks we perform on our smartphone, so that's content. So you take news (content) and shove it down mobile's throat (context) and you get Summly, Wavii and Pulse at the other end (hmmm maybe this analogy wasn't the best. don't get me wrong, I am not comparing these apps to waste matter!).

In a Mobile world, you have to keep users engaged; have them keep coming back to your app to consume your content. Increased engagement means more eye balls, which mean better advertising revenue. For LinkedIn, more eyeballs means a larger professional network.

As per comScore, accessing news on smartphone represents 49% of usage while on Tablets, it represents 59% of usage.

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Source: Mobile Future in Focus 2013, comScore
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Top Mobile Media Activities by Share of Smartphone & Tablet Users
Source: comScore MobiLens & TabLens, U.S., 3-month Avg., Ending Dec-2012

So this takes care of content. How about context?

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Source: Mobile Future in Focus 2013, comScore
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Share of Total Time Spent Online for Selected Properties
Source: comScore Media Metrix Multi-Platform (Beta), U.S., Dec-2012


We can see that mobile is growing, but not only in terms of replacing desktop usage but also creating net new usage as mobile can be used at times and places that a desktop cannot create 'usage.' Companies are realizing this trend and creating ways in which we can snack on content in the mobile context. Simplified and summarized are driving mobile engagement. We're seeing this happening in front of our eyes with news and social media updates. Google can use Wavii's technology and apply it to Google+. You'd be able to get summarized versions of updates. In fact I see Google's purchase of Wavii as a stepping stone to summarization on GLASS.


Is it too late to acquire a news reader app? Facebook, AOL, HuffPo, Business Insider, NYT, are you guys shopping around? If you haven't come across a French startup called Mobiles Republic, then let me point you in its direction. Mobiles Republic has some pretty neat and simplified news reader offerings.

What's next? How will we consume other forms of content on mobile? Videos? Let's cover that in another post. Is anyone using an app to read this blog?


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Monday, April 29, 2013

What Makes You Click On A News Post? (A Visual Guide)

As a blogger, I have to read...a lot! I have to sift through hundreds of news stories a day to form my thoughts and analysis on a subject matter. Over the years, with practice, I've become fairly good at skimming headlines and knowing when its worth my while to click and read the whole story. If you've read my blog posts, you will find that I write about tech trends. I care about over-arching tech trends in Internet, Mobile, Cloud, Ad Tech, Social, OS Development, etc. Even when I click through to read the entire story, I look for facts and the main take-away or strategy; the what and why the company did what it did. This helps me in figuring out the direction in which the tech trend is heading and what strategies players need to deploy in order to harness market potential in the foreseeable future.

I mostly use Business Insider's Silicon Alley Insider (SAI) to get the tech stories because they do a great job of producing, aggregating and distributing tech content online. I've put together a pictorial list of their headline feed to show you a visually appealing way of which headlines fit the bill and which ones are just 'nice to read' for me. Note that I am trying to figure out what the article is about  just by reading the headline and without clicking into it and reading the entire story. 

(Disclaimer: All headline news screenshots below are from Business Insider's SAI website).

Let's begin...

The top headline is sort of an eye catcher because it says that the best windows laptop is the MacBook Pro. Well, you can partition the hard drive in a MacBook and install windows on it, which is probably what the study found and led the Macbook to be the best Windows Laptop. No need to click on the headline...let's move on.

The bottom headline is self-explanatory and it doesn't offer me any information about tech trends. I know that Apple's WWDC is coming up. What I'd be interested in knowing is what products and services Apple talked about during the WWDC. We'll wait for that news story. Let's continue.

Here, the top headline is a teaser for SAI's subscription based report about location-based services. I can tell because the author is 'Business Insider' and not an individual writer. This report is going to be bustling with facts, trends and insights! The caveat is that you have to be a paid member of the service to read the whole report. I'd read this report thoroughly for all that it offers.

The second one is a reprint about Bitcoin, the digital cryto-currency making a lot of headlines the past few weeks. Most of the news about Bitcoin explains the concept or talks about the stellar price increases and drops over the last few months. But this headline seems to tell me something else. It tells me that Bitcoin is "...Becoming a Part of Your Web Browser." Now you have to take some of these headlines with a pinch of salt. To me, this post will be about some kind of tech standardization between the digital currency and web browsers. This may reveal some kind of a trend that I'd like to know about so I'll go ahead and click on it.

Again, the first post is some gossipy entertaining news about a tech celebrity, named Zuckerberg. Apparently he got famous by making Billions by founding a social site called Facebook. If I had time, I'd click on it and read about his Hawaiian adventure.

The second headline is simply a link to an article on another tech news site. Content producers sometimes share each other's stories on their news feed. Nonetheless this headline is about Twitter's app update. Good to know, but no need to read the whole thing. I'll see the update when I use the app.

If I have time to see a 2-minute streaming video just for kicks, go ahead, otherwise move on...there's no value add here.

The second post is a Quarterly Earnings report. It'll be full of financial facts (revenues, operating income, net income, margins, volumes, EPS, P/E & guidance). I'd click on this just to get my facts right and understand where the stock is going (trend). It's also about Amazon. I follow Amazon especially since they're into everything (e-commerce, Cloud, Mobile, OS, Hardware, Streaming, Content  Producing, etc, etc.). Recently news broke out that Amazon could be doing $500 million in ads a year, which can grow to a billion dollars this year. This spells trouble for Google. Lots of strategy related stuff. Anyways, in a nutshell, follow all news about trend setters.

I've taken the above 3 posts together because they're all stories about new hires and exits of movers and shakers at various tech-related  organizations. The first one talks about an exit and typically I wouldn't be interested in reading on, but it says, the VC is leaving to start something new. I want to know what the 'new thing' is because it'll give me an idea about trends in that space. VC's usually have a ton of ideas and a lot of market knowledge since they are evaluating business plans by the thousands. So if a VC is leaving to start something new, then she or he knows something that I want to know.

The second post is boring. It's not going to give me any insights. I don't really care about a board member leaving, unless he or she is a  big influencer. Yahoo's got a super-influential CEO last year and if Marissa Mayer is still around, then it doesn't matter if a board member leaves.

Next. Square is a super hot company because it operates in a super hot space, digital payments. There are several companies and several tech standards fighting for their place in the industry. There is too much going on in this space and even a bit of information related to digital payments may help me figure out where the pieces may fall. Anyways, this particular post may reveal professional background information about the the new hire, which may tell me what the company might be doing. New product development? Expansion plans? Change in strategy? In this case its a replacement for Keith Rabois.

In the above screen shot, the first post is a reprint about innovation in Ad Tech. The headline tells me how a new innovation tech (facial recognition) might shape the ad tech industry. This has 'trend' written all over it and I'd definitely click to read more. From what I've read before, I know that developers are working on a facial recognition software that will read the expression on your face and show you ads based on your mood, age, etc. This post also states that a facial recognition software has been developed. Al the more reason to get the details.

The second post is another link to a tech news site. It says that a possible competitor to Google Fiber is offering the same service as Google Fiber does, for half the price. Here, the headline tells me everything I want to know. I doubt that a state telephone company will be able to deploy gigabit internet infrastructure nation-wide and be a serious threat to Google. Lets move on.



 Let's make this the last one. So the first headline is a 'nice-to-know' story and the headline tells me enough. Executive compensation stories make for a nice 'OH WOW' read, but here it doesn't offer me any meaningful trends or insights.

The second post is so apt for this blog post I am writing because its exactly the kind of innovation I need. The post is about summarization technology, a topic I covered in my earlier blog post. You may have heard of Yahoo's acquisition of Summly, an app that uses summarization technology to summarize news articles! Hey exactly what I need, right??! This post talks about Google's acquisition of an app, Wavii, that does pretty much the same thing as Summly. Knowing Yahoo's acquisition and reading this headline tells me that Summarization is the way to go! I'd click on this for sure.

I can't wait for summarization technology to hit mainstream. It uses Artificial Intelligence and Natural Language Processing to summarize articles you want to read. There have been 3 notable acquisitions in the newsreader app category recently. The first being the acquisition of Pulse by Linkedin for $90 million. Pulse doesn't summarize news however, it aggregates news from different sources and presents it in a minimalistic style. The other two acquisitions are of Summly and Wavii. These acquisitions show a clear trend in what mobile customers are doing on their devices and how to gain their eye balls. This is the beginning of summarization. My prediction is that most online news content will use some kind of summarization tech to appeal to the reader-on-the-go. Hope you're listening, Henry Blodget.

Like I said, Business Insider is a super-duper online news producer and distributor. Kudos to Henry and team for building an awesome online media company. I've only used BI as an example and to illustrate how I try to decipher news content by reading the headlines only. We could just as much use other news producer's headlines to illustrate the same point. 

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Friday, April 12, 2013

Google Glass Takes Summarization Technology To A New Level

The ubiquity of Smartphones has ushered a different way of consuming bits and bytes. Unlike on a desktop, we no longer want to read long articles, or watch a 120 min movie on our Smartphones. Grab one and we instantly transform into the 'Mobile' user. We can associate several connotations with the Mobile concept. For one, we are multi-tasking. Since we are 'Mobile,' we are going some place...walking, taking the subway, driving, shopping, doing a sales pitch, etc. In certain time intervals, we fish out our smartphone and try to complete a quick task before we continue on our journey of the task at hand.  The key here is "...certain time intervals..." Think of it as 'snacking' on your Smartphone; a quick read of a news headline, a timeline update on Facebook, a tweet or an email reply to a colleague.

Source: FreeWheel Video Monetization Report, Q3 2012

We can see the online trend in watching shorter-form videos is taking over longer-form videos.


Source: Business Intelligence Via Ooyala

Even though videos that are longer than 10 mins are watched more as a percentage of total time spent watching videos online, we tend to watch videos in the '1 to 3 min' category longer on smartphones than on any other device category. Note that the above data is not the number of times we watch videos of different length but how long we watch the videos of different length. So, inherently, videos of length greater than 10 minutes will take up more of your total time spent watching videos. Thus spending 25% of your video watching time watching '1 to 3 min' videos on your Smartphone is relatively impressive. This trend will be amplified as the number of smartphones takeover the number of desktops out there.

Source: KISS Metrics
My gut feeling is that the trend of consuming shorter-form content extends to all other content and not only video. Yahoo recently purchased a startup called Summly at a price tag of $30 million from a 17 year old, Nick D'Aloisio. Summly is an App specially designed for Smartphones (currently only for iOS) that provides summarized versions of news articles from hundreds of sources. In other words Summly is designed for the 'Mobile' snacking world. The App algorithmically generates summarized versions of news using Artificial Intelligence (AI) and Natural Language Processing (NLP). These technological concepts are powerful tools in transitioning our 'longer-form' professional and personal lives into summarized versions optimized for mobile snacking. Maybe the 'eat every 2 hours' applies in our digital diet too! OK enough geek jokes...lets get back to Summly. The former owners of the App outsourced the development of Summly to SRI International, a non-profit R&D institution with technical prowess in AI and other next-gen tech such as robotics, sensing and the likes. SRI also developed another App and sold it to another mainstream tech company...you may have heard of. That's right Siri was developed by SRI and sold to Apple. And just as Summly does, Siri too helps summarize your life by eliminating the need to touch or look at your smartphone screen. The reason that these high-profiled acquisitions by Marissa Mayer and Steve Jobs are important ones, is because they highlight the need to gain access to SRI's cool tech. More importantly these acquisitions show the trend of summarization technology in the mobile world.


Lets take mobile summarization to the next level. We can see whats's available on the horizon.  Yep, Google Glass and iWatch. I am going to focus more on GLASS because, its a piece of technology which is closer to being commercialized. The #ifihadglass initiative is already allowing developers and advocates to get their hands on GLASS and start developing third-party services for it. Think of services for GLASS just as you would think of Apps for your Smartphones. Check out the video below about creating services for Google Glass. Skip to the 3:10 mark to see the promo video about GLASS.  If you already saw the promo video a while back then skip to 12:30 to see a live working of GLASS and the 'cards' system.  



Cards are simply the different screens on GLASS with different information. For example, weather information or a photo or a news headline. Cards on GLASS is the technological concept that takes the summarization of experiences to that 'next level.' 
Watch the video from 26:50 to 27:50 and 31:45 to 34:36 to get an understanding of how GLASS is a platform built to summarize. 

Cards rely on the Google Mirror API (Application Programming Interface), the communications protocol for Apps (or services) to communicate with the host. The Google Glass API is built on three pieces of software. Firstly, ReST is web architecture used for transporting data between services using HTTP. This is the engine for developer services to connect with the Google cloud ecosystem.  The second piece of software language for GLASS is OOF2 ('O OF 2') which is basically a way to allow third-party services to post to the GLASS timeline. Lastly, JSON (JavaScript Object Notation) is simply an encapsulation for the entire third-party service. Why am I boring you with this tech mumbo jumbo? (sorry engineers). What I am trying to get at is that its relatively simple to develop for GLASS. It's not built on scores and scores of software code but rather on simple code to support the cards concept of GLASS. It's a platform that is intended to give the user quick bursts of information and content and a limited set of activities (like sharing  or replying) attached to the content. Remember 'digital snacking.'

From Desktops to Laptops to Smartphones and Tablets to wearable tech; technology is physically getting closer to you and as it does, you will only and exactly want the content, information and digital interactions that matter to you at that moment. Can you imagine Summly on GLASS...with a 'Read Aloud' feature! Folks, the summarization of your life has only begun.



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