Tuesday, December 11, 2007

The Video Web and New Product Introduction

When I created the first on-line presence for Oracle in 1994 / 1995 with the Oracle Store, the web was essentially text-based, not very interactive and banner ads barely getting started. Many companies were either reluctant or afraid of using this new media! Well, we are now well into Web2.0 and more accessible technology and maturing business models are opening the floodgates for video on the web. I’m thinking specifically about the Enterprise in a business-to-business context.

At the MIT’s Enterprise Forum’s Brave New Web conference in February, Jeremy Allaire Brightcove’s CEO was saying that the Internet was rapidly moving from a “text web” to a “video web”. I couldn’t agree more. He added that Brightcove was developing several “social media” additions to work with its video hosting and distribution system. This type of technology will allow viewers to participate in the creation of content and therefore enable interactivity.

Imagine how corporations who embrace and master the “video web” could dramatically re-invent the way they do new product introduction, partner and employee training, as well as facilitate customer’s adoption! Unfortunately, I’m developing a certain sense of déjà-vu… Yet again, very few have the imagination and creativity to think “video” mode and are still in the animated Microsoft’s Powerpoint mode… I guess that we are still in the classic Geoff Moore’s early adopter phase and that the tornado hasn’t arrived yet!

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