PODCAST: Thomson Reuters SVP Plea To Publishers: Go Mobile, But Focus On Companion Products & Mobile Commerce
In brief: Gearing up for the Open Mobile Summit, the deal-making mobile industry happening and conference taking place tomorrow in London, with a sneak preview of the key points Alisa Bowen, featured speaker and Senior VP consumer publishing at Thomson Reuters, plans to make during her panel. A special focus: the pivotal importance of iPhone and iPad apps and the business imperative to pursue monetization models beyond ad-funded and freemium.
The Open Mobile Summit is only a day away and – if you can somehow manage a ticket – I suggest you head on over. There are just over 50 seats left and the line-up of a whopping 70 speakers, includes senior execs from major players including Google, Yahoo, Nokia, Spotify, Admob, Ogilvy, AKQA, the BBC, MTV, FT.com, Opera, Vodafone, O2, HTC – and the list goes on. A special highlight: the first public appearance by Alberto Torres, the former McKinsey consultant who has recently been appointed head of Nokia’s MeeGo smartphone operating system.
Kudos to Robin Batt, my esteemed colleague and the executive producer of this conference. Robin fully understands that doing business -and making money- in an Open Mobile world will require new thinking and business models. The caliber -and variety- of speakers from across the mobile business ecosystem that she has brought together for this event will undoubtedly deliver attendees some answers and useful advice. MSG is proud to support Open Mobile Summit as a media sponsor. I won’t be able to attend this event – but I have already booked my flight for the next Open Mobile Summit (San Francisco, November 8-9) and suggest you do the same.
INTERVIEW WITH ALISA BOWEN
To promote this event and give you a preview of the hot topics on the agenda, I caught up with Alisa Bowen, Senior VP consumer publishing at Thomson Reuters, who will speak tomorrow on the future of publishing in a three-screen world. Alisa oversees the sales, marketing, product development and operations for the company’s Web, Mobile and IPTV propositions in 12 languages and 17 markets globally. From the start mobile has been at the top of her agenda, so I used the opportunity to ask Alisa what makes her so sure mobile is so powerful.
Among the highlights:
CONTEXT MATTERS: Thomson Reuters is sharply focused on the business professional, a customer segment that is increasingly mobile. “We need to do a world class job of providing them with the information they need wherever they are, whatever context they’re operating in and on whatever device is most convenient to them. Thomson Reuters provides intelligent information which means both information that you can make real business decisions on, but it also means information that it contextually aware.” Moving forward, that means much more intelligence built into the services. “It’s essentially just beginning. I think contextual awareness we’re seeing begins with location awareness…but I think there is tremendous opportunity in the future for the technology to become so much more sophisticated, to understand what your mobile consumption habits have been, and then customize your applications around that.” Alisa envisions a linkage between technology and context resulting in services that “know” our moods or the appointments in our calendar and then uses this insight to serve up relevant information.
READING & RELATIONSHIPS: “We spent a lot of time last year researching how business professionals were using mobile devices and what we discovered was that there is no generation gap. There’s been a seismic mind shift in terms of people’s adoption of mobile technology.” But it’s more than just information access on the fly; Alisa says mobile also has to help them connect with their peers in new ways. “For many of our professionals, their jobs are now much more about managing relationships.” They need information but they also need to be “a part of a community internally within [their] own organization and externally within [their] own client base.”
MOBILE VS DESKTOP: It’s not a case of “either or” – it’s a matter of creating content that harnesses the best of both. “In previous eras of our mobile strategy, there was a tendency for us to try and cram everything that somebody would use on a desktop onto a smaller screen. We’ve seen the light, so to speak, and I think we understand much more clearly that the mobile information consumption is not just the same stuff on a smaller screen.” This recognition has prompted Thomson Reuters to “split a desktop companion product from what we call task-oriented, bite-size applications that are very focused on executing a specific task. In the case of consumer media, that’s news awareness, browsing and reading, and so we’ve developed applications that just do that superbly and they don’t try to do everything else.”
APPS & ROADMAP: Alisa is predictable tight-lipped about the details, but hints that apps such as the News Pro for iPad is a prime example of where things are going. Video is another focus, which is why the company’s financial services division recently released Reuters Insider. “It’s an extremely innovative new video platform for financial professionals; it aggregates content from third parties but also showcases Reuters’ world class financial reporting on video. It has a number of interesting usability features and functions and essentially allows users the ability to create their own channel by dragging and dropping — from their desktop and from their iPad and from their iPhone — different video clips that fit their profile.” In addition, the service provides a transcript of the video content in “almost real-time” and allows users to search those transcripts and jump using touch gestures to the specific place in the video that contains the relevant keywords they’re interested in following.
ADVERTISING & M-COMMERCE: “I think customers have some cultural sensitivity to paying for the content. But they’re not just paying for the content, so my plea to publishers is to understand that balance between content and experience. One without the other is worthless, but both together is extremely powerful….I think it’s up to us as an industry to make of it what we can and I think you will see advertisers follow in and marketers follow in behind that.” But it’s not just about stock-standard banners and ad units we know from the Internet. “I think the [iPad] platform is a canvas for much more creative and rich advertising and marketing experiences [such as video].” So how can publishers make real money? Alisa is bullish about the potential for the iPad, in particular, to drive sales of real stuff. “I think that we forget sometimes that the iPad platform represents 125 million users with their live credit card details entered into a store, one click away from buying real stuff. I think that is incredibly powerful….I think if publishers can think about how to harness that opportunity around commerce for buying real goods and services, as well as virtual ones, then that’s a pretty interesting space that I don’t think is being well discussed yet.”
My take: Publishers and media companies are well-advised to embrace mobile. But they must also factor our “state” into the equation. Thomson Reuters has created robust services that effectively split the desktop chores from the task we have to perform on the move. Mobile optimizing content is not about whiz-bang stuff; it’s about understanding what we want to do and providing us the tools (information and access to our communities) to do it well. I was also struck by the sharp focus on video moving forward (for both rich advertising and exciting content presentation). Will video be the next big thing? A tough one to call (and fraught with bandwidth issues we also need to consider). Nonetheless, this bodes well for an announcement we can expect soon: the launch of the industry’s first mobile video ad network. I’ve signed up for a pre-briefing and will report back once it’s prime time.
Listen to the podcast here. [15:07]
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EDITORS NOTE: MSearchGroove (MSG) – named a top 50 influential technology site by Konector – provides its platform to showcase select events that set the bar. In addition to standard media sponsorships, MSG produces interviews and podcasts free of charge for select event partners to boost promotion and create buzz. Contact me directly (peggy@msearchgroove.com) to explore ways we can collaborate to make your event stand out.
Next in the series: An interview with Paul Reddick, Handmark CEO, in the run up to M-Publishing, the premier mobile publishing event (London, June 1) organized by James Cameron and the team at Camerjam.






May 25th, 2010 at 5:10 pm
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May 27th, 2010 at 8:27 pm
[...] 1 votes vote PODCAST: Thomson Reuters SVP Plea To Publishers: Go Mobile, But Focus On Companion Products & Mo… In brief: Gearing up for the Open Mobile Summit, the deal-making mobile industry happening and [...]
June 1st, 2010 at 1:07 pm
[...] My take: Are app stores going the way of mobile portals? It sure looks that way if we add up the numbers (75+ app stores) and note their niche focus on vertical markets (such as retail, enterprise, and even cars.). We will no doubt witness an avalanche of app stores and the emergence of an almost equal number of business models (paid apps, subscription bundles, freemium, ad-funded– and everything in between). To support these app store providers and developers will need to offer a variety of payment mechanisms, including operator-billing. Interestingly, app store business growth will likely be driven by models that put the provider/developer in control of the experience. Top of the list: freemium-type models that offer consumers free applications as a means to cross-sell or up-sell consumers to a variety of paid content and services, ranging from real-world physical goods to digital services. (And we should not underestimate the potential of mobile commerce. It was the business model that Alisa Bowen, Thomas Reuters SVP, told me had the most mileage and would potentially make the most money for content owners – period. Listen in!) [...]