newswatch.in - news for the news people

http://reutersinstitute.politics.ox.ac.uk/sites/default/files/News%20Embargoes%…

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News Embargoes - Under threat, but not extinct: How an ancient press tool survives in the modern media world

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Tue, 01/13/2015 - 12:00

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Hold back

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The media context behind the embargo is only going to become more complicated.

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News gathering

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Sonja Gruber

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Reuters Institute for the Study of Journalism

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Reuters Institute for the Study of Journalism

In Australia, social media is damaging the art of conversation

su07bir09 — Sun, 12 Jul 2015 18:30:00 +0000

In Australia, social media is damaging the art of conversation

Almost three in five people (57 per cent) in Australia are calling their family and friends less frequently since the rise of social media. According to a survey of more than 1,000 Australians, nearly four out of five (79 per cent) believe social media and technology are causing us to lose the art of conversation.

Some two-thirds (63 per cent) say it's easier to text a friend or a loved one instead of calling for a chat. And, three out of five Australians (60 per cent) wish they received more phone calls from their nearest and dearest, according to a survey conducted by Virgin Mobile Australia. Yet, an overwhelming four out of five Australian social media users (82 per cent) admit that speaking on the phone actually makes them feel more connected to people than social media interaction.

There's always a problem when commercial organisations come out with such surveys. In this case, as part of its "ongoing commitment to making mobile better," Virgin Mobile has joined forces with R U OK? to encourage Australians to have more conversations that count. R U OK? aims to prevent suicide by encouraging people to have regular, meaningful conversations throughout the year to help anyone who might be struggling with life.

There were other findings too:

Three-quarters (75 per cent) of Australian social media users believe the majority of their friends online still don't truly know what's happening in their lives;
Women are more likely than men to agree that texting someone is easier than calling them (68 per cent v 58 per cent);
Two out of five (45 per cent) Australians say they don't call their friends and family as often because they feel like they already know what they are up to through social media;
Two out of five Australians (43 per cent) prefer emailing, texting and using social media to communicate than speaking on the phone;
More than a quarter (28 per cent) of Aussies feel the only free time they have to chat with friends during the week is on the daily commute;
The average Australian received only four phone calls on their last birthday, in comparison to 11 social media messages.

su07bir09 Mon, 07/13/2015 - 00:00

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Rigged

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There's always a problem when commercial organisations come out with such surveys. In this case, as part of its "ongoing commitment to making mobile better,"

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Virgin Mobile

TV news all over has significant gender imbalance

su07bir09 — Sun, 12 Jul 2015 18:30:00 +0000

TV news all over has significant gender imbalance

Women are severely underrepresented on international TV news and are frequently framed as victims as opposed to political leaders, business people, and other high-achieving public figures, according to new research from Media Tenor International.

â€œNot only do women represent only 11 out of the 100 most visible people on international TV news,â€ says Racheline Maltese, a researcher at Media Tenor, â€œthese women only get 3 per cent of the news coverage, highlighting the gender imbalance on TV.â€

Media Tenor also found that women as a group were visible on international TV news with less frequency than athletes, soldiers, and criminals, groups the media often frame as male. Additionally, the research highlights that women are often only visible on TV news in regard to â€œwomenâ€™s issuesâ€ or when a target of discrimination or sexual violence. Women are rarely visible on more general topics.

This research examined all 110,245 reports on individuals and all 498,655 reports on groups of people on international TV news from September 1, 2013 â€“ August 31, 2014.

For over 20 years Media Tenorâ€™s mission has been to contribute to objective, diverse and newsworthy media content by bringing together the diverse parties. Media Tenorâ€™s global research projects include analyses of election campaigns, investor relations, public diplomacy, corporate communications and other topics critical to news makers and news audiences.

Over a 12-month period, only 11 of the 100 most visible protagonists on international TV news were women. These women include German leader Angela Merkel, potential US presidential candidate Hilary Clinton, and shooting victim ReevaSteenkamp.

su07bir09 Mon, 07/13/2015 - 00:00

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TV news has significant gender imbalance

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One of 11

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Media bias

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Racheline Maltese

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Media Tenor

Education, language skills play big role in women and media in Africa

su07bir09 — Sun, 12 Jul 2015 18:30:00 +0000

Education, language skills play big role in women and media in Africa

More than 75 per cent of Zimbabwean women own a mobile phone, only 18 per cent of women in Niger listen to the radio on a daily basis, and approximately half of women in CÃ´te dâ€™Ivoire watch TV daily. The Broadcasting Board of Governors, together with Gallup, recently hosted a research briefing about womenâ€™s media consumption habits across seven African countries, and how those choices affect their lives.

â€œWe have to understand the culture and sociology of Africa as we look at its media needs and the needs of women and girls. Research is critical to know what is working and what is not, and media can be a source of informal education,â€ said Tara Sonenshine, Distinguished Fellow, George Washington Universityâ€™s School of Media and Public Affairs and former Under Secretary of State for Public Diplomacy and Public Affairs, during opening remarks at the event.

Engagement with the news process also plays a critical role in womenâ€™s lives, with approximately a third of women in Mali (37 per cent) and in Zimbabwe (32 per cent) reporting that they had frequently shared news with family, friends, or relatives. One of the more surprising findings from the BBG research data was that men and women use TV at similar rates, but radio usage varies more dramatically.

â€œIn many of the African nations we survey, households generally tend to own no more than one TV set, which would typically be located in a common room and hence watched communally by all family members,â€ said Sonja Gloeckle, Director of Research at the BBG, adding that â€œthe explosion in mobile phone ownership on the other hand essentially put a radio in many peopleâ€™s pocket, and listening to the radio via a mobileâ€™s built-in FM receiver has become very popular. Both men and women like to listen to the radio while they are out and about but men seem to do so more frequently than women.â€

Women and men have similar attitudes toward media freedom in their country â€” but these attitudes vary greatly across countries, according to Gallup World Poll data presented by Magali Rheault, Gallupâ€™s Regional Research Director for Francophone Africa.

â€œThe level of voices from the opposition often drives Africansâ€™ perceptions of media freedom in their countries. If people hear or read negative comments in the media about their current government, they may equate it with freedom of the press. And usually women and men have the same exposure to voices from the opposition, which may explain their remarkably similar attitudes toward media freedom,â€ said Rheault.

Women play distinct and significant roles in developing societies, and represent a crucial audience for US international media. BBG has sought to expand its reach among women in Africa for the last several years, including by adding new distribution channels, adding new vernacular languages, and creating special programming around womenâ€™s interests.

su07bir09 Mon, 07/13/2015 - 00:00

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http://www.bbg.gov/blog/2014/09/04/women-and-media-africa-in-focus/

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Making a living

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Women merchants sell tomatoes, fruit, nuts and used clothing in stalls and on tables at the Sikasso Market, Mali.

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Wikimedia Commons

Link: Original

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Media consumption

Study: Author

Anon

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Broadcasting Board of Governors

Less than one in five people online follow TV on Twitter

su07bir09 — Sun, 12 Jul 2015 18:30:00 +0000

Less than one in five people online follow TV on Twitter

Less than one in five (18 per cent) people online follow the show theyâ€™re watching on television via Twitter. Traditional TV viewers in the US, dubbed "couch potatoes" in a recent report, are the largest segment but only account for one third (33 per cent) of people online who watch TV.

Very focused on TV when watching it, they never phone or text people about what theyâ€™re watching and hardly ever use social media. None of this group uses Twitter trending topics or hashtags on a weekly basis to follow a show theyâ€™re watching.

These findings have been published in the report 'To Tweet or Not to Tweet: Segmenting Today's Multiscreen TV Audience' from global consulting firm Strategy Analytics, which identifies the six main ways people watch TV today through the degree to which connected devices impact viewing and TV interaction.

The next biggest group, "OTTers" â€“ accounting for one in four (26 per cent) people â€“ are less interested in TV, being the most likely to go 24 hours without watching it. They prefer to watch shows via online or "over-the-top" services; 95 per cent of OTTers watch a TV show they missed on a computer, tablet or smartphone.

"Couch chatterers" account for 12 per cent of TV viewers. Theyâ€™re similar to couch potatoes but are 2.5x more likely than the average person online (90 per cent vs. 37 per cent) to phone or text others about what theyâ€™re watching on TV. As with couch potatoes, none of this group use Twitter to follow a show theyâ€™re watching but are much more likely to be using another device (80 per cent) when watching TV than the average viewer (65 per cent). Three in ten people are "multi-screeners", however, they use devices in different ways so split into three groups.

"Indifferent" and "moderate" multi-screeners each account for one in nine (11 per cent) people online who watch TV. "Indifferent multi-screeners" are the least interested in TV of all six groups, 83 per cent use another device whilst watching TV and theyâ€™re highly likely (84 per cent) to phone or text people about what theyâ€™re watching, 91 per cent use Twitter to follow a show.

Almost half (45 per cent) of "Moderate multi-screeners" TV viewing is done on computers, tablets or smartphones and 90 per cent go online if theyâ€™ve missed a show. However, theyâ€™re the second most likely (66 per cent) to have a pay TV subscription. Theyâ€™re extremely likely to phone/text (93 per cent) about a show but only 1 per cent use Twitter on a weekly basis to follow a show.

"Manic multi-screeners" account for just 7 per cent of people. Along with indifferent multi-screeners (51 per cent) theyâ€™re the only group where over half (55 per cent) of TV viewing is conducted on other devices, however, theyâ€™re still the most likely (74 per cent) to have a pay TV subscription. Theyâ€™re the most likely to use another device whilst watching TV (97 per cent), the most likely (96 per cent) to phone/text about a show and to use Twitter weekly to follow a show (100 per cent).

"The traditional way broadcasters and advertisers have discussed TV audiences for 70 years â€“ by age and gender â€“ is becoming increasingly irrelevant and outdated," explained David Mercer, Principal Analyst and the reportâ€™s author. "People within a traditional group, say 18-34 year old men, can watch TV in completely different ways so new behaviours are as important as demographics when it comes to planning for all elements within the TV industry â€“ whether content, scheduling or advertising."

"However, broadcasters and advertisers need to learn the intricacies about the relationship between TV and new devices. For instance, thereâ€™s been a lot of hype about how Twitter is changing TV viewing but, in reality, only two types of people are remotely engaged with â€˜Twitter + TVâ€™. Consequently, strategies heavily focused on this would be a big waste as itâ€™s irrelevant to over 80 per cent of TV viewers."

[This article is based on a press release]

su07bir09 Mon, 07/13/2015 - 00:00

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Study: Title

To Tweet or Not to Tweet: Segmenting Today's Multiscreen TV Audience

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Innumerable

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Flickr CC 3.0

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Study: Publisher

Strategy Analytics

Social networking can help people lose weight

su07bir09 — Sun, 12 Jul 2015 18:30:00 +0000

Social networking can help people lose weight

Social networking programmes designed to help people lose weight could play a role in the global fight against obesity. Analysis by researchers from Imperial College London combining the results of 12 previous studies shows that such programmes have achieved modest but significant results in helping participants lose weight.

The paper is one of 10 reports on global healthcare policy written for the World Innovation Summit for Health (WISH), an initiative of Qatar Foundation, and published early September in the journal Health Affairs.

Obesity is an increasing issue in developed and developing countries, contributing to other diseases such as diabetes, cardiovascular disease, cancer and mental health problems and resulting in rising costs for health services. The inaugural WISH Summit in 2013 convened world experts to discuss innovative ways to address major global health issues, including obesity. One innovation they considered is the use of social networking sites such as Twitter and Facebook to provide obese people with a community of support from both clinicians and peers to help them lose weight.

The researchers compiled data from 12 studies spread across the US, Europe, east Asia and Australia which trialled social networking services for weight loss, involving 1,884 participants in total. The amalgamated results showed that people who used these services achieved a collective decrease in body mass index by a value of 0.64, which the authors describe as modest but significant.

Health policy researcher and surgeon Dr Hutan Ashrafian, the lead author of the study at the Department of Surgery and Cancer, Imperial College London, said: â€œOne advantage of using social media over other methods is that it offers the potential to be much more cost effective and practical for day-to-day use when compared to traditional approaches. The feeling of being part of a community allows patients to draw on the support of their peers as well as clinicians. They can get advice from their doctor without the inconvenience or cost of having to travel, and clinicians can provide advice to many patients simultaneously.

â€œThere are also possible downsides, such as potential privacy issues and a need for the patient to be internet savvy, so it may not be right for everyone. The studies we looked at were the first to investigate social media approaches to obesity. There needs to be more research into this area to see what approaches work best for which patients in light of the dramatic global adoption of social media tools and content. The use of social media to treat obesity encourages patients to be more pro-active and empowers them to contribute towards their own treatment. Itâ€™s not the only solution to the obesity epidemic, but it should be introduced as an element of every countryâ€™s obesity strategy.â€

su07bir09 Mon, 07/13/2015 - 00:00

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http://content.healthaffairs.org/content/33/9/1641.abstract

Study: Title

Social Networking Strategies That Aim To Reduce Obesity Have Achieved Significant Although Modest Results

Date

Sun, 09/07/2014 - 12:00

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Losing it

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The researchers compiled data from 12 studies spread across the US, Europe, east Asia and Australia which trialled social networking services for weight loss, involving 1,884 participants in total.

Link: Original

Links: Internet

World Innovation Summit for Health

WHO on obesity

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Section

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Hutan Ashrafian, Tania Toma, Leanne Harling, Karen Kerr, Thanos Athanasiou, Ara Darzi

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Health Affairs

Study: Institution

Imperial College London

Global film industry perpetuates discrimination against women

su07bir09 — Sun, 12 Jul 2015 18:30:00 +0000

Global film industry perpetuates discrimination against women

Nowhere to be â€œscene,â€ women protagonists have less than one-third of all speaking roles in film and are largely absent from powerful positions, according to a United Nations-backed survey released recently. The study argues for the involvement of more female filmmakers in the industry, and for greater sensitivity to gender imbalance on screen.

â€œThe first-ever global study of female characters in popular films reveals deep-seated discrimination and pervasive stereotyping of women and girls by the international film industry,â€ according to UN Women, which supported the study along with The Rockefeller Foundation. It was commissioned from the Annenberg School for Communication and Journalism at the University of Southern California.

â€œThe fact is â€“ women are seriously under-represented across nearly all sectors of society around the globe, not just on-screen, but for the most part weâ€™re simply not aware of the extent,â€ said actress Geena Davis, founder of Institute on Gender in Media, which released the study. â€œIn the time it takes to make a movie, we can change what the future looks like,â€ Davis added noting that media images can have a positive impact on perception.

According to the study, while women represent half of the worldâ€™s population, only about 30.9 per cent of all speaking characters are women. Only about 22.5 per cent of the fictional on-screen workforce comprises women, and when they are employed, less than 15 per cent of them are portrayed as business executives, political figures, or science, technology, engineering, and/or math (STEM) employees.

â€œThere are woefully few women CEOs in the world, but there can be lots of them in films,â€ Davis said. â€œHow do we encourage a lot more girls to pursue science, technology and engineering careers? By casting droves of women in STEM, politics, law and other professions today in movies.â€

The study also showed that women are more likely to be hypersexualised than men, with girls and women twice as likely as boys and men to be shown in sexualized attire, nude, or thin.

Key findings of the study include:

Only 30.9 per cent of all speaking characters are female.
A few countries are doing better than the global norm: UK (37.9 per cent), Brazil (37.1 per cent), and South Korea (35.9 percent). However, these percentages fall well below population norms of 50 per cent. Two samples fall behind: US/UK hybrid films (23.6 per cent) and Indian films (24.9 per cent) show female characters in less than one-quarter of all speaking roles.
Females are missing in action/adventure films. Just 23 per cent of speaking characters in this genre are female.
Out of a total of 1,452 filmmakers with an identifiable gender, 20.5 per cent were female and 79.5 per cent were male. Females comprised 7 per cent of directors, 19.7 per cent of writers, and 22.7 per cent of producers across the sample.
Films with a female director or female writer attached had significantly more girls and women on-screen than did those without a female director or writer attached.
Sexualisation is the standard for female characters globally: girls and women are twice as likely as boys and men to be shown in sexually revealing clothing, partially or fully naked, thin, and five times as likely to be referenced as attractive. Films for younger audiences are less likely to sexualise females than are those films for older audiences.
Teen females (13-20 years old) are just as likely as young adult females (21-39 years old) to be sexualised.
Female characters only comprise 22.5 per cent of the global film workforce, whereas male characters form 77.5 per cent.
Leadership positions pull male; only 13.9 per cent of executives and just 9.5 per cent of high-level politicians were women.
Across notable professions, male characters outnumbered their female counterparts as attorneys and judges (13 to 1), professors (16 to 1), medical practitioners (5 to 1), and in STEM fields (7 to 1).

â€œTwo decades on, this study is a wake-up call that shows that the global film industry still has a long way to go,â€ said UN Women Executive Director Phumzile Mlambo-Ngcuka in reference to the Beijing Platform for Action. Adopted in September 1995, the Beijing Platform became the international roadmap for gender equality, which among other factors, called on media to avoid stereotypical and degrading depictions of women.

â€œWith their powerful influence on shaping the perceptions of large audiences, the media are key players for the gender equality agenda. With influence comes responsibility. The industry cannot afford to wait another 20 years to make the right decisions,â€ Ms. Mlambo-Ngcuka added.

The study analysed popular films across the most profitable countries and territories internationally, including: Australia, Brazil, China, France, Germany, India, Japan, Russia, South Korea, United States, and United Kingdom.

su07bir09 Mon, 07/13/2015 - 00:00

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https://annenberg.usc.edu/sites/default/files/MDSCI_Gender_Disparity_in_Family_…

Study: Title

Gender Disparity On Screen and Behind the Camera in Family Films; The Executive Report

Date

Sun, 09/21/2014 - 12:00

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Nowhere to be scene

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Actress Geena Davis at the launch of the report.

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UN Women/Catianne Tijerina

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Media bias

Study: Author

Stacy L Smith and Marc Choueiti

Study: Institution

Annenberg School for Communication & Journalism, University of Southern California

Study: Publisher

United Nations

Use of online networks may threaten subjective well-being in several ways

su07bir09 — Sun, 12 Jul 2015 18:30:00 +0000

Use of online networks may threaten subjective well-being in several ways

Online networking can play a positive role in subjective well-being through its impact on physical social interactions. Can, of course. But, the overall effect of networking on individual welfare is significantly negative. That's because participation in social networking sites (SNS) might destroy social trust, while on the other hand, face-to-face interactions are positively associated with happiness, and online networks are not.

Researchers Fabio Sabatini and Francesco Sarracino, for their study 'Online networks and subjective well-being', surveyed a fairly large sample of 24,000 Italian households (which they estimated to represent about 50,000 people) and asked them to rate how they feel about their life and whether or not they trust others on a 0-10 scale.

Sabatini and Sarracino wrote, "The role of online networks in the development of interpersonal relationships and in the preservation of social cohesion suggests that individuals and communities who do not have access to the Internet â€“ due, for example, to the absence of DSL or fibre infrastructures, or to lack of the skills required to participate in SNSs â€“ may increasingly suffer from difficulties in social integration. From this point of view, the digital divide is likely to become an increasingly important factor of social exclusion, which may exacerbate inequalities in well-being and capabilities. A straightforward policy implication of this issue is that public institutions should ensure equal opportunities for connecting to fast Internet across regions (e.g. urban vs. rural), age cohorts, and social classes."

Online networking does expose individuals to the risk of worsening peopleâ€™s trust in others and therefore peopleâ€™s life satisfaction. "This finding suggests the need to update social networking sitesâ€™ policies against hate speech and aggressive behaviours, as already requested by a growing number of advocacy groups, particularly focusing on gender- or race-based hate," the researchers concluded.

The explanation goes something like this: The detrimental effect on trust in others may be interpreted as a consequence of usersâ€™ interaction with unknown people on Facebook, Twitter, and commenting platforms such as Disqus. "These platforms, in fact, create rooms for discussion in which selection mechanisms are weak or absent, differently from what happens in face-to-face interactions where we usually select a narrow circle of well-known friends and acquaintances to discuss political and moral issues," they contended.

su07bir09 Mon, 07/13/2015 - 00:00

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Issue

http://arxiv.org/abs/1408.3550

Study: Title

Online networks and subjective well-being

Date

Tue, 08/12/2014 - 12:00

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Exclusionist

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Digital divide is likely to become an increasingly important factor of social exclusion, which may exacerbate inequalities in well-being and capabilities..

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Wikimedia Commons 3.0

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Fabio Sabatini, Francesco Sarracino

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arXiv.org

Facebook posts reveal personality traits, but changes complicate interpretation

su07bir09 — Sun, 12 Jul 2015 18:30:00 +0000

Facebook posts reveal personality traits, but changes complicate interpretation

People can accurately detect the personality traits of strangers through Facebook activity; however, changes to the social media site in the past three years could be making it harder to do so.

Researchers from the University of Kansas sampled 100 Facebook users, paralleling the demographics of the social networking site, and asked them to fill out a personality survey. A group of coders looked at each personâ€™s Facebook activity, 53 cues in all, to see whether certain personality types were more likely to do specific activities. The researchers then had 35 strangers spend 10-15 minutes on each of the Facebook usersâ€™ profile pages to see if they could correctly gauge a personâ€™s personality.

The crux of the study looked at which cues correlated to personality types and whether the 35 strangers were able to correctly detect personality traits based on those cues. The research found that extroversion was the easiest personality trait for strangers to interpret followed by agreeableness and openness. There was just one cue that pointed to conscientiousness and none that helped detect neuroticism.

The study, â€œImpression Management and Formation on Facebook: A Lens Model Approach,â€ was published September in the journal New Media & Society. The research was conducted by Jeffrey Hall, an associate professor of communication studies, doctoral candidate Natalie Pennington and Allyn Lueders, who received her doctorate at KU and is now an assistant professor of communication studies at East Texas Baptist University.

While strangers were able to correctly match certain Facebook activities with personality traits, the researchers believe new algorithms enacted by Facebook could make it harder to detect personality traits.

â€œStudies have given us really good evidence that we do know what people are like when we get a complete view of their actions on Facebook,â€ Hall said. â€œHowever, since much of that research studied earlier versions of Facebook, itâ€™s conceivable that peopleâ€™s ability to accurately judge others will go down as a consequence of these changes.â€

Since the data was collected in 2011, Facebook has changed how and when users see other peopleâ€™s activity. At the time data was collected, users saw every action â€“ from likes to changes in personal history â€“ their friends took. Now, those actions can be viewed in a small box in the upper right-hand corner of the page, making the actions less apparent.

Today, the posts on Facebookâ€™s most prominent feature, the newsfeed, are based on an algorithm that takes into account how recent the post is, how many people like it or have commented on it and if the user has frequently interacted with the person making the post.

Thatâ€™s an important shift for judging personalities because, according to the KU study, an agreeable person tends to post less often, an open person is less likely to respond to other peopleâ€™s posts but make more political status updates, and a conscientious person agrees more often with what other people post. So, if Facebook changes how often users see their friendsâ€™ posts, users could be forming the wrong impressions of their friends.

â€œIf Facebook suddenly starts highlighting people you may not have regularly interacted with and promotes a lot of posts from them, you may no longer think that person is agreeable,â€ Pennington said. â€œIt may not be that they post that much, but that your feed has gotten smaller and shows a smaller subset of friends.â€

Another change is the kind of information that was shown on the info page, now referred to as the About page. At one point, Facebook users were able to list their favorite bands, books and movies. Those who did so tended to have open personalities. Now Facebook asks users to choose from a list of options, which to Hall is a passive step versus an active one. â€œAn open person is able to construct their personality through the process of making choices. Facebook is essentially taking away agency and replacing it with algorithms,â€ Hall said.

Some cues are still easy to spot, despite the changes made to Facebook. That is especially true for cues connected to extroverts, such as the total number of friends a Facebook user has, the number of friends in photos, status updates that are positive and the tendency to use extended letters in words, for example â€œnoooooâ€ or â€œheeeeey.â€

One Facebook activity that didnâ€™t carry much weight in accurately detecting personality was the number of likes a post generates from other users. â€œIt is unfortunate because that it is one of the main factors in how often other people are seeing posts, and it is probably worthless for knowing what their real personality is,â€ Hall said.

su07bir09 Mon, 07/13/2015 - 00:00

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Study: Title

Impression Management and Formation on Facebook: A Lens Model Approach

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All about traits

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Section

Study: Author

Jeffrey Hall, Natalie Pennington, Allyn Lueders

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New Media & Society

Canada: Going digital top priority for 74% of media companies

su07bir09 — Sun, 12 Jul 2015 18:30:00 +0000

Canada: Going digital top priority for 74% of media companies

An overwhelming 74 per cent of media and entertainment (M&E) company CFOs from Canada say going digital is a top priority for growth. But the right data and analytics are key to delivering the insights that enable game-changing decisionmaking. For the first time since the recession of 2008, M&E CFOs have shifted their primary focus from cost reduction and operational efficiencies to optimising the organisation for growth.

According to the EY report, It's showtime! Digital drives the agenda, data delivers insights, M&E companies' best advantage in an increasingly digital environment is to manage from within the digital and technology disruptions that are transforming the market. "For the first time since the global recession, CFOs have shifted their primary focus from cost reduction and operational efficiencies to growth through digital opportunities and technology investments," said Martin Lundie, EY Partner and Canadian Media and Technology Industry Leader. "Our survey confirms digital isn't the future, it's already here. Companies need to act on that reality, or risk missing out."

Among the key findings:

Digital isnâ€™t the future, itâ€™s already here. Digital is transforming the M&E landscape. M&E companiesâ€™ best advantage is to manage from within the digital and technology disruptions that are transforming the market.
Data analytics deliver insights that improve decisionmaking. To effectively align their organisation for digital growth, CFOs are placing significant emphasis on data analytics to improve decision making, systems and processes.
Transactions focus on what companies already know. As M&E companies look to grow, CFOs are most focused on deals in core markets and geographies. But new opportunities are a tempting option.
Better tax planning accelerates performance. Integrating tax planning that aligns to business and operational strategy is more important than ever for CFOs as tax planning moves into the digital age.
Capturing todayâ€™s talent will fuel tomorrowâ€™s growth. CFOs recognise the importance of attracting and retaining top talent, and theyâ€™re pinning their success, in part, on their ability to do it.

According to the report, CFOs are focusing on four components:

Simplify rear-view reporting. Companies are now using modern tools and data analytics techniques to simplify the collection, storing and analysis of data.
Develop predictive modeling techniques. Predictive modeling enables organisations to shift gears on data from collection and reporting to taking a forward-looking view of the issues and challenges that may impact the business in the future.
Democratise access to the data. By leveraging mobile and cloud based technologies, organisations can provide easy access to the data to stakeholders at the time and place where it is relevant.
Consolidate customer, audience and platform data. Consolidation enables organisations to develop a single view of the customer. It also simplifies data outputs, enabling both standardisation of data across the enterprise and customisation to better target customers.

su07bir09 Mon, 07/13/2015 - 00:00

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Issue

http://www.ey.com/Publication/vwLUAssets/EY-Digital_drives_the_agenda,_data_del…

Study: Title

It's showtime! Digital drives the agenda, data delivers insights

Date

Wed, 09/03/2014 - 12:00

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Boom time

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For the first time since the global recession, CFOs have shifted their primary focus from cost reduction and operational efficiencies to growth through digital opportunities and technology investments.

Link: Original

Writer