10.06.2013 Views

VINT-The-Dark-Side-of-Social-Media-Alarm-Bells-Analysis-and-the-Way-Out

VINT-The-Dark-Side-of-Social-Media-Alarm-Bells-Analysis-and-the-Way-Out

VINT-The-Dark-Side-of-Social-Media-Alarm-Bells-Analysis-and-the-Way-Out

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Image: coolhunting.com > Hugo Eccles<br />

7 <strong>The</strong> macro-economic<br />

<strong>Social</strong> <strong>Media</strong> Deficit<br />

Comparing sums <strong>of</strong> money, <strong>the</strong> cost <strong>of</strong> <strong>the</strong> information overload<br />

has gradually grown, step by step, to equal a quarter <strong>of</strong> annual<br />

government expenditure. It is almost as high as <strong>the</strong> current budget<br />

deficit. <strong>The</strong>se are American figures, but <strong>the</strong>y are causing great concern<br />

to European organizations too. <strong>The</strong> Ne<strong>the</strong>rl<strong>and</strong>s, for example,<br />

is a world leader on many fronts in social media. At <strong>the</strong> beginning<br />

<strong>of</strong> 2011, <strong>the</strong> overload counter recorded 997 billion dollars: only a<br />

fraction away from <strong>the</strong> magical trillion boundary. Since as far back<br />

as 2007, <strong>the</strong> Basex Research Agency <strong>and</strong> <strong>the</strong> Information Overload<br />

Research Group have been advocating <strong>the</strong> reduction <strong>of</strong> information<br />

overload in terms <strong>of</strong> size <strong>and</strong> sort, for a lack <strong>of</strong> focus <strong>and</strong> flow<br />

(<strong>and</strong> filters) corrodes <strong>the</strong> productivity <strong>and</strong> innovation capability<br />

<strong>of</strong> organizations. Whereas <strong>the</strong> US was faced with a cost <strong>of</strong> 650 billion<br />

dollars in 2007, <strong>the</strong> cost has now risen to almost twice that.<br />

<strong>The</strong> latest insights <strong>and</strong> stories are presented on <strong>the</strong> website www.<br />

overloadstories.com.<br />

A national Information Overload Awareness Day was organized in<br />

October 2010 <strong>and</strong> 2011 (see: www.informationoverloadday.com)<br />

<strong>and</strong>, in its heyday, <strong>the</strong> Information Overload Research Group had a<br />

horde <strong>of</strong> people backing it, including Intel, Google, Micros<strong>of</strong>t, IBM,<br />

Xerox <strong>and</strong> universities in various countries. In <strong>the</strong> wake <strong>of</strong> this success,<br />

companies such as Wavecrest nowadays supply organizations<br />

with web monitoring & reporting s<strong>of</strong>tware. With such s<strong>of</strong>tware, it<br />

is possible to identify network users who form a potential hazard<br />

to productivity or reputation, as it is so eloquently expressed on<br />

<strong>the</strong> Wavecrest website. <strong>Social</strong> networks receive special attention,<br />

although <strong>the</strong> Information Overload Research Group regards work<br />

interruptions <strong>and</strong> information overload in a broader sense. At <strong>the</strong><br />

very least we can conclude that it is not particularly smart to willingly<br />

dispense with our focus <strong>and</strong> flow.<br />

Tip: Examine a number <strong>of</strong> YouTube videos on Information Overload,<br />

such as Do you suffer from Information Overload Syndrome — IOS?<br />

<strong>and</strong> Information Overload — <strong>The</strong> Movie, both dating from 2009.<br />

21<br />

<strong>The</strong> macro-economic <strong>Social</strong> <strong>Media</strong> Deficit

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!