Wednesday, December 14, 2011

Information is power

Information is a vital element in everyday-life communication. Social media has been able to bring communication to absolutely new level significantly enhancing consumer decision making process.
Living in the technology-driven world, obtaining information digitally has become a fundamental part of the decision-making process. Existence of smart phones has allowed making a comparison, drawing a conclusion and undertaking a purchasing action with a simple scan touch. Social media transformed barcode scanning application into the ‘social scanning’ that helps users immediately get an access to the relevant information regarding pricing and characteristics of the competing products, and hence enabling them to make informed decisions and most importantly share the knowledge with the others through social networking distribution. This, in turn, allows businesses to measure consumers’ offline behaviour and improve their customer knowledge.

With the growth of Internet and the volume of information distributed, online search becomes extremely complex and often time consuming process. Realizing that, social media players decided to transform Internet search into intelligent information discovery. Online services of questions and answers evolved into high-scale information based platforms for accumulating knowledge in an organized way. Great examples are Quora, Ask.com, Swingly and Google’s Aardvark, who aim at enhancing information exchange through social interaction by providing socially relevant answers.

Social entertainment and location check-ins are another trend in modern online communications. These social networking services give opportunity to exchange information regarding peoples’ social activities and thus, outline patterns of consumer lifestyles. Entertainment check-ins “enhance the social experiences around television, and potentially inspire new audiences to tune into trending or friend-approved television”. On the other hand location based information services such as newly launched location check-in by Facebook and Google Latitude give opportunity to track the places visited, count time spent at each place and display information on statistics such as "Time At Work", "Time Spent At Home" and "Time Spent Out".

Given importance of information in making sense of the environment, an obvious fact is that the sphere of communication has expanded dramatically. Social media age has unquestionably redefined the way we obtain information.

Read the original article written by Jennifer Van Grove on Mashable Social Media

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