July 9th, 2008 at 9:50 am
Welcome to TrendsLog’s first post!
The tubes, of course, abound with valuable information (and plenty of less-than-valuable content). Like in a university library, visitors can search for, access, and digest all the knowledge they want. Like in an international newspaper, subscribers can browse and read articles about all sorts of current events. Like on cable television, viewers can select from and watch millions of channels and videos. Like in a community forum, participants can debate, discuss and dispense their opinions.
But unlike these physical information sources, the tubes give us something even more valuable — meta-tubes. Who knows which books students read in libraries? The best we can do is look at their checkout records, which isn’t usually legal. Who knows which newspaper articles the average homeowner reads? Who knows which videos couch potatoes like best? On the Internet, we know. Usage can be logged, pageviews can be recorded, searches can be aggregated — if we know where to look.
Google Trends offers detailed information on which keywords searchers use on The Google. What can we do with information on who’s looking for what? For starters, candidates can see how successful their campaigns are. Coke can compare itself to Pepsi. Defense attorneys can finally even define community standards in the Miller test for obscenity, because Google knows people are really interested in, what words are searched for and how those searches are made, an invaluable metric in the online world. It’s like Google can read your mind — and everyone else’s.
Google’s offerings are particularly relevant due to the search engine’s massive popularity, reaching almost a third of the global Internet population daily. But there are other tools out there. If Google shows you what people are looking for, Facebook can show you what they’re talking about. Facebook Lexicon, like Google Trends, graphs the popularity of words and phrases. But where Google Trends is query-based, showing data about what people are researching, Facebook Lexicon is content-based, giving insights into what people are talking about. Will it be Obama or McCain? Who’s got the most widely discussed electronics? What’s going to be a box office hit?
The Internet delivers a radically new medium of content. Every action can be tracked, and those actions, properly aggregated and sliced, can give advertisers, politicians and citizens unprecedented amounts of actionable data. But before we can take action, we must first understand this data. Scope must be determined; limitations must be acknowledged. Sources must be mined; observations must be corroborated.
And trends must be analyzed.
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