Navigating the User Centric Era - Radical Collaboration a...

Welcome to the user-centric era, a time when the power dynamics in media and entertainment are shifting dramatically. At the heart of this transformation lies the concept of radical collaboration and AI-driven innovation. These themes were vividly explored by Evan Shapiro, the self-proclaimed "unofficial cartographer of the Media Universe," during his recent roundtable discussion at IBC 2024 with Ateliere CEO Dan Goman.

https://youtube.com/shorts/BCO7YLQfhoU?si=DIDBocs7v-6WdWp9

MAPPING THE MEDIA UNIVERSE Evan Shapiro, an Emmy and Peabody Award-winning producer and professor at NYU and Fordham business schools, has dedicated his career to understanding and mapping the media landscape. Shapiro has become a pivotal figure in understanding the media ecosystem s dynamics. His work involves meticulously mapping the tech and entertainment sectors, providing valuable insights into how these industries are changing. These maps are not just symbolic; they represent hours of data analysis from multiple partners. This detailed approach allows Shapiro to foresee trajectories and predict industry shifts. His hand-drawn maps reveal the dominance of big tech in media, showcasing how a few players control the majority of market capitalization.

Consider this startling statistic six tech giants command $14.5 trillion, or 73.5% of the media tech universe s value. Furthermore, 99.9% of smartphone users globally are controlled by just two companies Apple and Alphabet. These figures underscore the overwhelming influence of big tech on the media landscape. With such control over market capitalization, these "big tech death stars" dictate the direction of the media universe, limiting what other companies can achieve. This concentration of power means that media and entertainment companies must pivot from the top-down, gatekeeper models of the past. Instead, they need strategies that prioritize the user experience, leveraging technology to empower consumers rather than control them.

Shapiro s maps are dynamic, evolving to reflect the current state of the media ecosystem. For instance, a recent collaboration with the Royal Television Society highlights Google s massive influence in the UK television market. Despite the strong presence of traditional players like BBC and ITV, the financial muscle of tech companies is undeniable.

Take this example. In 2019, when companies like Disney went direct-to-consumer, it signaled a new era where users dictate terms. Media entities must now create content and experiences that resonate with a diverse, global audience. With two-thirds of the world s population under 40, the challenge is to connect with younger audiences while addressing the economic concerns of aging populations in regions like Europe.

A DATA-DRIVEN APPROACH To thrive, media professionals must adopt radical collaboration. This involves breaking down silos, sharing data seamlessly, and deploying AI to gain insights into user behavior, preferences, and emerging trends. AI doesn t just automate tasks; it empowers organizations to anticipate needs and customize offerings.

Shapiro s methodology stands out for its objectivity. Unlike many in the industry who approach research with preconceived notions, Shapiro lets the data lead. By avoiding confirmation bias, he uncovers genuine trends and insights. This underscores the importance of letting data inform strategy, a lesson media professionals can benefit from.

THE RULES OF THE ROAD The message from Shapiro s presentation is clear embrace change and leverage technology to remain competitive. Leaders in the M&E industry must recognize the power dynamics in the industry and adapt their strategies accordingly. By fostering collaboration and harnessing AI, they can create a future that benefits all stakeholders.

Shapiro provides a roadmap for success in this user-centric world:

Start with the User - Understand who they are, their demographics, and preferences.

Leverage Technology - Use AI and data analytics to predict trends and deliver personalized experiences.

Collaborate Radically - Share knowledge and innovate collectively across industries and regions.

Be Agile - Adapt quickly to changing consumer demands and technological advancements.

THE PATH FORWARD Those who prioritize the user experience and harness technology s potential will not just survive, but thrive in today's media landscape. The future belongs to those willing to collaborate radically and innovate boldly. Are you ready to adapt and lead in the user-centric era? Engage with us today to explore how you can transform your media strategy and connect with your audience like never before. Join the conversation, learn from industry leaders like Evan Shapiro, and ensure your organization is prepared for the future.

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