Executive Summary:
Why is Google in such a hurry to digitize the world?
The more stuff Google digitizes, the more stuff you’ll be able to Google. And the more stuff you’re able to Google, the more ads Google can sell. For marketers, the more ads Google sells, the more marketing costs increase due to bid competition. And, the more costs increase, the more important it becomes to distribute your digital assets in places that don’t require paying for placement but can still drive revenue.
Google is busy digitizing books to “preserve them” for future generations. Marketers take heed. Digitize all your assets, even the less tangible or obvious ones like your brand iconography.
Microsoft is running a project called MyLifeBits in which it’s developing a memex – memory extender – by digitizing one person’s entire life from email to phone calls to photos to media consumed. Imagine the highly-targeted marketing opportunities within a memex.
The key is to think about what utility you can provide with your assets, not what objects you can create.
Sprint developed a plug-in on FoodNetwork.com for people to send recipe ingredients to their cell phones.
Intel sponsored “Centrino boots” in World of Warcraft to give gamers an edge.
McDonald’s has digitized its “mascot,” Ronald, and created a safe website for kids to play and learn.
Time Warner digitized its entire LIFE magazine photo archive and made it available after the print title was shuttered.
Northern Illinois University has students create YouTube videos to promote the interactive marketing program.
Take stock of your asset inventory and look for opportunities to extend them far beyond your website and/or retail location.
Select Quotes:
“Google lucked into the best business model in the history of business models.”
– Michael Lazerow, CEO, Buddy Media, @Lazerow
“Information now lives everywhere.”
– Gord Hotchkiss, President, Enquiro Search Solutions, @OutOfMyGord
Final Thought:
When it comes to leveraging your assets, shake what your momma gave you.
Updates:
May 20, 2011: Per the Boston Phoenix, Google has abandoned its “master-plan to archive the world’s newspapers.” Looks like publishers are on their own when it comes to digitizing their assets. Let’s hope that “All the news that’s fit to print” is also still fit to archive!
Pingback: Google Requests Permission for Take-off with ITA | Googley Lessons