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
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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