Andrew Keen is a author of 3 books: Cult of a Amateur, Digital Vertigo and The Internet Is Not The Answer. He produces Futurecast, and is a horde of Keen On.
Few people have a improved overview of a tech economy than Sir Martin Sorrell, a co-founder and longtime CEO of a world’s largest promotion company, WPP.
With WPP’s over 200,000 employees and a $75 billion media book, Sir Martin has a singly absolved discernment into a destiny of a online promotion industry. And he believes that 2018 competence be a year that a third association joins what he calls a Facebook/Google “duopoly” in online promotion and search.
That association is, of course, Amazon that he describes, cutely, as an “up and comer” in online advertising. Along with being an commerce and web services leviathan, Sir Martin predicts, Bezos’ savage is about to turn an promotion and hunt company.
Not that Sir Martin is essay off possibly Facebook or, particularly, Google. Indeed, he resolutely suggests that Google competence have a transparent lead in unconstrained cars. And he is confident about all a world’s 7 widespread tech association (the Frightful Five plus Alibaba and Tencent) — who he collectively calls a “seven sisters”- in terms of their growth of AI. But even here he’s quite bullish on Amazon’s Alexa which, he believes, is winning in a voice-activation device fight by “carpet-bombing” a rivals.
Over a years, Sir Martin has consistently argued that a large tech companies should have a same responsibilities and burden as normal media companies. So will 2018 be a year that a worm finally turns and a Frightful Five finally acknowledge they really are media companies? Sir Martin thinks that this competence have indeed happened in 2017 — citing Facebook’s preference final year to occupy 20,000 editors to guard a videos.
And in 2018, he suggests, they will come to act some-more and some-more like normal media companies. With good power, he reminds us, comes good responsibility. And maybe nobody should listen some-more delicately to this recommendation that Jeff Bezos, who Sir Martin describes as a “John D. Rockefeller” of a 21st century.