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The Power Law of Social Media: What CIOs Should Know
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Talk to be presented at DQLive 2013, Mumbai, India, Dec 11 2013.
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The Power Law of Social Media: What CIOs Should Know
1.
The Power Law of Social Media What CIOs should know Srinath Srinivasa IIIT Bangalore sri@iiitb.ac.in DQLive 2013, Mumbai,
India, Dec 11 2013
2.
Recent new additions to our vocabulary Telemedicine SMS/MMS Elearning / MOOC Net Banking Eticketing Creative Commons Tweeting Social media Phishing Hacking Cyberstalking Virus / Spyware / Adware / Malware Cyber squatting Identity theft Piracy Spam DQLive 2013, Mumbai,
India, Dec 11 2013
3.
The “Information Age” The core driving force behind the new vocabulary Comprehensive change brought by information and communication technologies (ICT) Qualitative changes affecting the underlying mental model or the “paradigm” Changes affecting the way we live (not just businesses) Separation of information transactions from material transactions DQLive 2013, Mumbai,
India, Dec 11 2013
4.
The “Information Age” Information exchange network e, obil m net, r Inte tc s,
e se aba dat Material exchange network DQLive 2013, Mumbai, India, Dec 11 2013
5.
Material versus Information Information Exchange Material Exchange Constrained by the laws of physics Conserved transactions High cost of replication and transportation Material affects what we have and how we live Intangible (little or no physical constraints) Nonconserved transactions Extremely low replication costs transportation costs with today´s ICT, leading do formation of frictionless systems Hard to “snatch away” internalized information Information affects who we are! DQLive 2013, Mumbai,
India, Dec 11 2013
6.
Is this separation natural? Image source: Wikipedia, HSTA Note the separation between material and information logistics. Nature is already in the information age since several millenia! DQLive
2013, Mumbai, India, Dec 11 2013
7.
Networks compared.. Material networks – – Exchange of resources (and in turn, energy) Waste disposal Information networks – – Control Semantics DQLive 2013, Mumbai,
India, Dec 11 2013
8.
What “flows” in an information network? Information? Well yes.. But that is not the whole story.. DQLive 2013, Mumbai,
India, Dec 11 2013
9.
What “flows” in an information network? Elements that “flow” on a social information network include elements of human cognition, like: ● Attention ● Emotional state ● Trust ● Novelty ● Acquaintance ● etc. DQLive 2013, Mumbai,
India, Dec 11 2013
10.
Memory Processes Declarative memory Procedural memory Reflexes Semantic Motor
control Episodic Working memory Active mental model Emotional state (System 1) DQLive 2013, Mumbai, India, Dec 11 2013 Long-term memory
11.
Memory Processes Skills, reflexes from Procedural memory Conscious thinking Managed by Working memory DQLive 2013, Mumbai,
India, Dec 11 2013 Theoretical knowledge from Semantic memory Beliefs about intentions and risktaking Influenced by our active Mental model in turn influenced by our emotional state
12.
What “flows” in an information network? Skills, reflexes from Procedural memory Theoretical knowledge from Semantic memory Conscious thinking Managed by Working memory DQLive 2013, Mumbai,
India, Dec 11 2013 Beliefs about intentions and risktaking Influenced by our active Mental model in turn influenced by our emotional state
13.
The Economics of “Attention” [Goldhaber 1997] The commodity of scarcity in an informationrich world: Attention Takes on different forms in media studies: Eyeballs, Immersiveness, PageRank, etc. Attention: The process of concentrating on one piece of information from the environment while ignoring all others DQLive 2013, Mumbai,
India, Dec 11 2013
14.
Why does attention matter? DQLive 2013, Mumbai,
India, Dec 11 2013 Image Source: Wikipedia
15.
Why does attention matter? Did you ever imagine you'd be thinking about Himalayas / Tibet / Buddhism when you decided to attend this talk? Attention controls what gets loaded into conscious (working) memory Attention is a conserved entity unlike information, and hence is scarce Extended attention form associations, whether or not they represent real associations found in nature DQLive 2013, Mumbai,
India, Dec 11 2013
16.
Attention Properties of Attention (cf. [BH 04]) Exclusivity: increased attention on an input channel attenuates attention on other channels Autobiographical: Reference to the subject on an attenuated channel, increases attention content onto that channel Early selection versus late selection debates and the cocktail party problem Transitivity: Attention by a subject to a speaker can result in the speaker transferring subject's attention onto a third topic or speaker DQLive 2013, Mumbai,
India, Dec 11 2013
17.
Modalities of Attention Transfer Online Hyperlinks User clicking on a hyperlink transfers attention from host page to target page PageRank of a page is a measure of overall attention received by the page by random surfers on the net Twitter followers / subscriptions List of followers of a person indicates people who wish to pay attention to a person's tweets DQLive 2013, Mumbai,
India, Dec 11 2013
18.
Acquaintance Social association between people, acknowledging the existence and attributes of the other The first stage of several forms of social phenomena like influence, trust, cooperation, etc. Increasing levels of acquaintance imply increasing levels of knowledge about the other party Acquaintance directly affects the availability heuristic in building mental models Acquaintance networks form the basis for several social phenomena like hiring, dating, doing business with, etc. DQLive 2013, Mumbai,
India, Dec 11 2013
19.
Acquaintance Triadic closure A characteristic feature of social acquaintance networks is the property of Triadic Closure A B C Informally: Two people who have a common friend are likely to become friends themselves. The more closer they are to their common friend, the more likely is it that they become friends themselves DQLive 2013,
Mumbai, India, Dec 11 2013
20.
Acquaintance and Entrenchment Triadic closure property creates an effect of “entrenchment” in acquaintance networks (Image Source: [EK 10]) Entrenched networks: low in novelty, dissonance in beliefs high in mutual familiarity, trust DQLive 2013, Mumbai,
India, Dec 11 2013
21.
The Strength of Weak Ties Image Source: [EK 10] Bridges are links connecting two entrenched components of a network. In social networks, bridges are necessarily “weak links” as strong ties would have resulted in triadic closure around the bridge. Bridges are the primary source of novelty in an entrenched network. A famous paper [Granovetter '73] shows the importance of weak ties in social networks. People make major decisions of their lives (career, marriage,...) based on connections obtained from weak ties, rather than strong ties. DQLive 2013, Mumbai,
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Mental Model A collection of consistent, declarative representations that forms the axiomatic basis of reasoning (the “box” in which we think) Active mental model Reasoning and deduction carried out within the framework of the currently active mental model Mental model used for reasoning, influenced by our emotional state and the intuition subsystem (System 1) Dissonance with active mental model usually elicits an emotional reaction (laughter, terror, etc.) DQLive 2013, Mumbai,
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Emotional State A physiological configuration (joy, fear, panic, euphoria,...) based on mental state Affected by dissonance in mental models Affects the choice of active mental model Has the property of emotional contagion – strong emotional states are mirrored by others in the vicinity Emotional states can “flow” through an information network like the Internet! DQLive 2013, Mumbai,
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Conformance Asch Conformance Experiments DQLive 2013, Mumbai,
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Diffusion of Ideas Image Source: [Sri 06] Information diffusion is faster in sparsely connected parts of a network, rather than densely connected (entrenched) parts due to conformance effects. Node d in the above figure does not switch to the new idea because of conformance pressures from nodes e, f and g DQLive 2013, Mumbai,
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Mental Models, Weak Ties and the Emotional Contagion DQLive 2013, Mumbai,
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Mental Models, Weak Ties and the Emotional Contagion DQLive 2013, Mumbai,
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Mental Models, Weak Ties and the Emotional Contagion DQLive 2013, Mumbai,
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Mental Models, Weak Ties and the Emotional Contagion DQLive 2013, Mumbai,
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Mental Models, Weak Ties and the Emotional Contagion DQLive 2013, Mumbai,
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Mental Models, Weak Ties and the Emotional Contagion DQLive 2013, Mumbai,
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Spread of Ideas and the Emotional Contagion Spread of ideas hampered by entrenchment effects and conformance pressures Spread of emotions facilitated in entrenched and tightlyknit networks Information age interactions typically span mental models Interaction across mentalmodels increases dissonance and emotionally charged conversations Emotions spread faster on the Internet than ideas! DQLive 2013, Mumbai,
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Crowds, Herds and Mobs Crowds ● A sharedattention group debating about a topic ● Rich in diversity of viewpoints and argumentation ● Wisdom of the Crowd Herds ● A shared mentalmodel group, all possessing the same or similar beliefs ● Potent in strength of conviction of beliefs ● Unwise as a collective and potentially manipulable ● Herd Mentality Mobs ● A shared emotionalstate group, all possessing the same emotional state, but no shared mental model or attention ● Extremely unpredictable, unwise and potent as a collective ● Mob fury DQLive 2013, Mumbai,
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Takeaways for CIOs Social Media a great tool for fighting entrenchment effects and infusing novelty Increase in novelty comes at a cost – dissonance in mental models leading to turmoil, distrust and defensiveness Creating awareness about critical thinking, dispassionate argumentation and emotional contagions, very important to create wise crowds, rather than herds or mobs Wise crowds selfregulate and offer rich outcomes, while unwise herds or mobs not only pose hurdles, but also resist being regulated So.. get it right the first time..! DQLive 2013,
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Takeaways for CIOs Ingredients of a great online social experience: ● Shared attention ● Diversity in mental models ● No dominant emotional state ● Dispassionate and objective argumentation DQLive 2013, Mumbai,
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Thank You! DQLive 2013, Mumbai,
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References [BH 04] Claus Bundesen, Thomas Habekost. Attention. In Lamberts, K. Goldstone, R. (Eds.) Handbook of Cognition, SAGE Publications, 2004. [GoldHaber 97] Michael H. Goldhaber. The Attention Economy and the Net. First Monday, Volume 2, Number 4 7 April 1997. [Granovetter 73] Mark S Granovetter. The strength of weak ties. American journal of sociology (1973): 13601380. [EK 10] David Easley, Jon Kleinberg. Networks, Crowds and Markets: Reasoning about a Highly Connected World. Cambridge University Press, 2010. [Sri 06] Srinath Srinivasa. The PowerLaw of Information: Life in a Connected World. Response Books, Sage Publishers, 2006. DQLive 2013, Mumbai,
India, Dec 11 2013
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