Pandora's Box

Open this at your own peril 😬 💀

View this email in your browser Update your subscription preferences Hey there Potty — You've likely heard the phrase "be careful what you wish for." It's a warning of sorts, uttered to warn us of the unexpected. Of course, we rarely take heed, rushing in with enthusiasm and ignoring any nagging doubts (or simply not being aware enough to form such doubts in the first place). But that advice is meant to make us aware that we ought to consider things more fully before rushing to embrace our desires without due consideration.   "The greatest trick the Devil ever pulled was convincing the world he didn't exist." — Roger 'Verbal' Kint, The Usual Suspects Oh yeah, tomorrow is my birthday. If you'd like to get me a gift, I'd gladly accept a referral to a client who needs some digital help or an event that needs a speaker. :-) Thanks, and I'll see you on the Internet. Share Tweet Forward Share Excerpts: Pandora's Box — April 8, 2019 Big Tech has gifted us with our own Pandora's box; robots that can identify emotions; accomplishing autonomous driving using only cameras and reinforcement learning; two major U.S. advertising market milestones; standing up to influencers; another competitive move for Walmart; how Facebook's algorithm change affected different verticals; what happens when Instagram steals your handle; a three-year trend in pay-TV subscribership; with 300 streaming services available, one thing sets them apart; Spotify has some competition for paid subscribers; how to stop Google from tracking you; data visualization errors from the experts; leadership lessons from Game of Thrones; and more in the Pandora's Box edition of The Full Monty for the week of April 8, 2019. The Full Monty makes you smarter faster, by curating essential digital business intelligence every week. Links are below with commentary in italics. Please sign up for our email updates to make sure you don't miss a thing. Contents: Announcements Top Story Artificial Intelligence / Autonomous Communications / Marketing / Business Strategy Retail Apocalypse Platforms Media Privacy / Security / Regulatory Measurement / Analytics / Data Mental Nourishment Announcements I consult with and advise firms on digital strategy, informed from my time an executive at Ford Motor Company. I've worked with digital communications teams, customer service leaders, and C-level executives at companies like Walmart, McDonalds, T-Mobile and IBM on issues related to strategy, customer experience, and digital, social and content strategy. I help them become more customer-centric, improve customer relationships, and grow their business. I welcome the opportunity to explore a relationship with your team. Let's have an introductory chat. Or maybe you'd just like to pick my brain for an hour. Top Story It took the Roman Empire some hundreds of years to fall; social media is already seeing cracks a decade and a half in. According to an NBC News / Wall Street Journal poll, the American public isn't too keen on social media companies like Facebook and Twitter. In fact, sizable majorities say these sites do more to divide the country than unite it, and that they spread falsehoods rather than news. Some of the highlights: Six in 10 Americans say they don't trust Facebook at all to protect their personal information. Eighty-two percent say social media sites do more to waste people's time, versus 15% who say they do more to use Americans' time well. Fifty-five percent believe social media does more to spread lies and falsehoods, versus 31% who say it does more to spread news and information. Bottom line: if America was giving social media a Yelp review, a majority would give it zero stars. This is a serious problem. Not just for Big Tech and its own issues with reputation and regulation. But for society. We've got what amounts to a public utility via multiple platforms (lest we forget, Facebook owns four of them) that have effectively spiraled out of control. In granting netizens the ability to communicate as freely and anonymously as we wish, these platforms have brought out the best and the worst of human nature. What's more, it's not clear that regulation is going to do anything to rein this in. And the founders themselves don't seem to be able to claw back or control their creations. The end result is that we're left with an imperfect world in which to operate our businesses (nothing new there). Here's an idea: Given that this is what we have to work with right now, why not make a commitment to less advertising and more community-building? That is, put fewer resources into competing for what little attention is left out there, and instead create a sense of belonging for your customers. Put your efforts into retention and relationship building rather than chasing down someone who might not want to hear from you in the first place. If you enjoyed this commentary, please sign up for Timeless Wisdom in addition to this newsletter and I'll send you a couple of more items a week. About this week's image: James Barry created The Birth of Pandora to bring to life the mythological story of the gods' revenge on humans. Prometheus stole fire from heaven, and Zeus took revenge by presenting Pandora to Prometheus' brother Epimetheus. In the painting, the gods are contributing to Pandora's creation, including the three cherubs approaching with the jar. Pandora opened this jar (later translated as a box) she gave to Epimetheus containing sickness, death and many other unspecified evils which were then released into the world. In modern times the idiom Pandora's box means "Any source of great and unexpected troubles," or "A present which seems valuable but which in reality is a curse." Artificial Intelligence / Autonomous The latest in A.I., machine learning, and bots; mobility and autonomous everything. Aʀᴛɪꜰɪᴄɪᴀʟ Iɴᴛᴇʟʟɪɢᴇɴᴄᴇ / Mᴀᴄʜɪɴᴇ Lᴇᴀʀɴɪɴɢ Researchers at Case Western have developed robots that can identify emotions by analyzing facial expressions in real time with a 98% accuracy rate. (Phys Org) Let's hope they can't recognize fear. Natural language processing (NLP) is one of the most visible forms of A.I. (seen most commonly through voice assistants). Here's why NLP will be huge in 2019. (Venture Beat) It has to do with more than what we already see; there's lots of hidden orchestration that bots are doing at the enterprise level. I mentioned the problem of robocalls in the March 18 edition (with a hilarious video by John Oliver); it turns out that robocalls are getting even worse, using your own and your friends' phone numbers to spam you. (CNN Business) And just last week, I mentioned Google's ethics advisory board. Not so fast: Google has canceled its ethics advisory board amid concerns about the impartiality and ethics of its members. (Vox) Um, maybe select your board members a little more carefully rather than trashing the entire program. Aᴜᴛᴏɴᴏᴍᴏᴜs / Mᴏʙɪʟɪᴛʏ Lyft is banking on robotaxis to replace high-priced drivers and help turn ride-hailing into a profitable enterprise. Don't count on it. (Axios) In fact, autonomous vehicles will be even more expensive.  Wayve is a British self-driving car company that claims to have an end-to-end self-driving system that uses standard cameras, no Lidar, no high-resolution maps, all powered by reinforcement learning. (Wayve) This could be interesting. Communications / Marketing / Business Strategy Industry developments and trends, including advertising & marketing, journalism, customer experience, content, and influencer relations. Sᴛʀᴀᴛᴇɢʏ / Mᴀʀᴋᴇᴛɪɴɢ / Cᴏɴᴛᴇɴᴛ The U.S. advertising market will hit two major milestones in 2019: It will be the first year that advertisers spend more on digital than on traditional media, and it will be the first time that Google and Facebook's share of digital ad spending declines, due to Amazon. However, the two will remain the largest digital ad sellers in the country, making up nearly 60% of digital ad spending in 2019. (eMarketer) Lots to digest is this important report on the industry. Mastercard's CMO is the new president of the World Federation of Advertisers, and he thinks marketing isn't what it used to be, and needs to reclaim its gravitas and glory. (Digiday) Email is still a significant factor in digital marketing, and these are 13 statistics about email marketing that will shape 2019 and beyond. (Convince and Convert) What's working in content marketing for small B2C companies. (Agility PR) Mega-consulting firm Accenture purchased advertising powerhouse Droga5. Some predictions say it will upend the advertising industry. (Forbes) It certainly contributes to the trend of consulting firms becoming more like ad agencies and ad agencies becoming more like consulting firms. Jᴏᴜʀɴᴀʟɪsᴍ / Cᴏᴍᴍᴜɴɪᴄᴀᴛɪᴏɴs / Rᴇᴘᴜᴛᴀᴛɪᴏɴ A small business owner who runs a beach club in the Philippines stood up to "influencers," telling them they couldn't barter their social media posts for a stay. (New York Times) Amen. So-called 'influencers' are often no more than freeloaders. Fox News CEO Suzanne Scott, who succeeded Roger Ailes after his ouster amid scandal, says she is focused on communication as a way to rescue the firm's reputation and power through boycotts. (Variety) Sign up for email updates Retail Apocalypse Humans are a transactional species, and the practice — if not the very notion of what retail is — is undergoing a historical metamorphosis.  Walmart customers will be able to order groceries with voice commands through Google's smart-home assistant. (CNBC) Sounds like they're echoing Amazon. This is more of Walmart's strategy of accumulating and aggregating digital assets to better compete in the 21st century e-marketplace. Two-thirds of U.S. shoppers typically start their search for new products on Amazon, according to a March 2019 Feedvisor study that polled respondents who have purchased from the marketplace in the past two years. (eMarketer) In the world of online transactions, trust scores are the new credit scores—but good luck finding out yours. (Wall Street Journal) You've likely seen that video footage of an Amazon blimp dispatching multiple delivery drones. Well, it turns out it's computer-generated, but it's no less scary than Amazon actually owning the patent to do just what we see in the video. (Gizmodo) Platforms  News to know about relevant social media and technology platforms that may affect your business. Fᴀᴄᴇʙᴏᴏᴋ / Iɴsᴛᴀɢʀᴀᴍ / WʜᴀᴛsAᴘᴘ After criticism over data leaks, Facebook will stop asking users for their email passwords as a means of verifying some new accounts. (Axios) Smart move. A little over a year ago, Facebook announced changes to its algorithm that would impact publishers. Here's how the algorithm change affected various verticals, according to Parse.ly (Marketing Charts): Hardest hit: Arts & Entertainment 62% decrease for Style & Fashion Politics, news and social issues least affected 61% decrease for Family/Parenting WhatsApp announced it is rolling out a new privacy setting that will help you decide who can add you to groups, preventing spam additions that have been a pain point for many users When your Instagram handle is @SussexRoyal and you haven't used it for years, here's what happens: Instagram reclaims it for Prince Harry and Megan, the Duke and Duchess of Sussex. The original account owner, a 55 year-old football fan, had this to say: "I can tell you that Twitter's gone mental. I used to have four followers and in 24 hours I've gone up to about 198." (BBC) He must be completely barmy now: following the news article, he has over 1,600 followers.  Tᴡɪᴛᴛᴇʀ Twitter's pitch to advertisers centers on its uniqueness among the social apps, being the #1 site for discovery versus the "look at me" platforms. (Digiday) Twitter is testing new labels for conversation threads, in an effort to identify the original tweeter, mentions, and the like. (Engadget) In addition to closed captions, you can now add subtitles to videos on Twitter. (AdWeek) Subway riders everywhere thank you. Media The latest in the world of streaming video, audio, and the advertising, pricing and bundling models related to them. Vɪᴅᴇᴏ The Definitive Oral History of TiVo bring us the dark origins of binge-watching. (OneZero) Hulu is analyzing what the commercial experience might look like for binge-watchers. (AdAge) Makes sense. Binge-watchers shouldn't be subjected to the same kind of interruption or repetitive ads as other watchers. This could open up the opportunity for ad experiences that are multi-episodic or mini-stories themselves. The top pay-TV providers in the U.S. — representing close to 95% of the market — have seen their percentage of lost subscribers double year-over-year for three consecutive years. (Leichtman Research) That's not what you'd call a positive trend. There are more than 300 streaming video services available to consumers. With all these services, one feature that sets them apart from each other is original content. (Marketing Charts) As expected, Netflix is raising prices across the board in May. (Variety) Hey, they've gotta find some way to pay for all of that original content. In the March 4 edition, I shared Steven Spielberg's threat to exclude non-theatrical releases from Oscars consideration. Well, the Justice Department has warned the Academy of Motion Picture Arts and Sciences that its potential rule changes limiting the eligibility of Netflix and other streaming services for the Oscars could raise antitrust concerns and violate competition law. (Variety) Aᴜᴅɪᴏ Apple Music has passed Spotify in paid U.S. subscribers, up to at least 28 million for Spotify's 26 million. (Wall Street Journal) In 2018, streaming accounted for nearly half of music revenues worldwide. (IFPI) Program of the Week: This week's show is Business Wars from Wondery. This is a show we've highlighted before, but because they keep introducing new 6-part series, it's worth revisiting. The current battle is Hasbro vs. Mattel — something for the kid in all of us. If you don't already, please subscribe to The Full Monty podcast, 7 minutes of weekly business commentary, many times with a historical or literary twist. What's past is prologue. Try this at home: "Alexa, play the latest episode of The Full Monty." Apple Podcasts Spotify RadioPublic Google Podcasts Stitcher SoundCloud SPONSOR AMI's Online Courses to Grow Your Agency Business Interested in a sponsorship? As one of the leading marketing newsletters, you could be reaching thousands. Get in in touch! Privacy / Security / Regulatory Business disruptions in the legal, regulatory, and computer security fields, from hacking to the on-demand economy and more. Pʀɪᴠᴀᴄʏ / Sᴇᴄᴜʀɪᴛʏ / Hᴀᴄᴋɪɴɢ A significant majority of consumers do not expect Google to track their activities across their lives, their locations, on other sites, and on other platforms. (Nieman Labs) Poor unfortunate souls. Here's how you can stop Google from tracking everything you do. (Wired UK) Bonus: it only takes a couple of minutes.  Researchers at UpGuard, a cybersecurity firm, found troves of Facebook user information hiding in plain sight, inadvertently posted publicly on Amazon's cloud computing servers. (Bloomberg) In the words of Professor Moriarty, "All that I have to say has already crossed your mind." Rᴇɢᴜʟᴀᴛᴏʀʏ / Oɴ-Dᴇᴍᴀɴᴅ Eᴄᴏɴᴏᴍʏ Pinterest and Airbnb are teaming up on a spring and summer travel guide, designed to curate experiences for discovery by travelers. (AdWeek) Waze is using data pacts, beacons, and carpools to win over municipalities that are looking to reduce traffic congestion, air pollution, and other conundrums. (Venture Beat) Measurement / Analytics / Data The future is not in plastics, but in data. Those who know how to measure and analyze it will rule the world. The Economist takes data visualization seriously, but that doesn't mean it isn't guilty of a few mistakes now and then. Here are some data visualization errors from their team. (The Economist - Medium) Microsoft, SAP and Adobe announced the expansion of their Open Data Initiative as they look to bring in additional partners. The core principle of the alliance is that the customers own their data and they should be able to get as much value out of it as they can. (TechCrunch) Speaking  How can you energize your team and give them actionable ideas for boosting customer engagement? It's all about applying Timeless Wisdom to your process — practical and relatable lessons drawn from historical and literary contexts, updated to inform business growth.  Combine this with Fortune 10 executive experience and some great stories, and you'll be happy that you spent a fraction of what it costs to send your team to a major conference. I'll spend anywhere from an hour to a whole day with your team and give them the power to develop trusted, lasting relationships with your customers. Let's chat and see if I can customize a session for you. Mental Nourishment Other links to help you reflect, improve, or simply learn something new. Since we're almost at the Season 8 premiere, here are some leadership lessons from Game of Thrones. (strategy+business) Paying attention to your values and persuasion style can help you avoid getting beheaded or stabbed to death. The Bard clearly read many books. Where did they go? Looking for Shakespeare's Library (Lapham's Quarterly) Speaking of libraries, meet Dr. Alan Gribben, the Mark Twain expert who has spent the last 45 years discovering and cataloging the author's library collection. By proving Twain read the greats, Gribben shows the world he was one. (The Guardian) There are no franchised Burger Kings within 25 miles of Illinois' original Burger King in Skokie. This mom and pop shop is the last Burger King in the U.S. with a trademark that the Burger King corporation hasn't been able to overcome. (Eater) The buffet is a good idea. The buffet is a symbol of the American dream. The buffet is delicious. The buffet is affordable, and a lot of us love a deal. And yet, our hearts have begun to grow cold toward buffets—why? (Vox) You can't B. cereus. A history of the public service announcement, and one in particular: "It's 10 o'clock: do you know where you children are?" (Tedium) Top image credit: The Birth of Pandora by James Barry, 1804 (ArtUK - Creative Commons) Read on » Let's connect: Can I bring some Timeless Wisdom your way? I speak to executives, teams, and groups about avoiding shiny object syndrome and finding the truth in human nature that drives customer behavior and digital transformation. Let's set up some time to chat! Book an inquiry call with Scott Copyright © 2019 Scott Monty Strategies, All rights reserved. You're receiving email from me because you signed up for Scott's updates. Our mailing address is: Scott Monty Strategies 789 Buchanan St Canton, MI 48188-3427 Add us to your address book Want to change how you receive these emails? 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