For my research topic I would like to discuss the future of old media. I decided to choose this topic because I am very interested in how "old media" will try and survive. I would like to interview some professors that teach courses in information studies and get their opinions on old media. I will also do research by using scholarly articles from Baruch's database that discuss how old media is evolving. From my understanding, some old media companies such as newspaper organizations are trying to develop a hybrid system of new media and old media for consumers of all ages to enjoy.
I believe the next new media will be a US government regulated digital currency. This does not currently exist. It will be something similar to Bitcoin. Bitcoin surpassing $10,000 shows that digital currency is in demand. Japan as a nation is already very accepting of digital currency. Japan is home to bitFlyer which is the world's largest market exchange for Bitcoin. Digital currency lowers transaction costs and makes payments at any time very appealing. Paper based currency as well as physical coins are being used less and less every year. According to creditcard.com, " In a 2016 survey, payment processor TSYS asked over 1,000 consumers which payment form they prefer. Forty percent chose credit cards, while 35 percent selected debit cards, and only 11 percent specified a preference for using cash."
Great topic. Definitely assisting help from professors, and it is brilliant thought to take advantage from the Baruch's database.
ReplyDeleteThis seems like an interesting topic and I'm a huge fan of this. I personally am skeptic about a 100% push towards digital and think that the world can often times benefit from being away from always relying or going to digital as a means to an end (weird since I'm a CIS major). It's ironic since the whole 21st century movement is all about moving forward and pushing media towards digital, however your edge on all of this is that there's still some form of old and conventional uses in the world that can be beneficial.
ReplyDeleteI like the fact that you want to survey professors to obtain their take on this. In addition to professors, I'd also segment the professors by age range (e.g. see what younger professors take on a push towards digital versus older professors - my guess is that younger professors think its useful and cool whereas some of the older professors will agree however many will say its too confusing and unconventional).
In addition to professors, I'd also reach out to parents, family friends, etc that are 40+ of age to see their take on this. Last, I would also take on an industry, specifically mom and pop shops (traditionally a conventional business thus a good choice) and see their reaction towards the push towards innovation. Right now, there are a lot of digital minded people that are trying to take over this industry so it would be interesting to see their take.
In my opinion I think there are two types of tech that could impact the mom and pop industry in which one is good and the other is not that good.
First - Point of Sales platform and other payment systems like Square and Stripe are honestly trying to make mom and pop shops lives easier, they are trying to streamline the payments, offering a dashboard online to see the transactions and can also receive a cash advance based on how well the business operates. These players are all for supporting mom and pop shops through digital means.
On the flip side, other technology startups are literally trying to replace the whole idea of a mom and pop shop which I disagree with. For example, Bodega sets up five-foot-wide pantry boxes filled with non-perishable items you might pick up at a convenience store. The app will allow you to unlock the box and cameras powered with computer vision will register what you’ve picked up, automatically charging your credit card. This is literally taking away from the conventional aspect of digital advantages and is something I disagree with.
If you do end up pursing this project I totally think there's a lot to share with the hybrid of new and old media and the responses of those that are persistent on new versus those that miss the conventional style of operating (mixed with a little tech to improve the day to day lives, etc)