April 25, 2022

Your Attention Is a Valued Asset

 Why is attention important in the Global Village?

Attention paves the way to being remembered – to standing out amongst all the other messages coming at Residents at any given time and winning a spot in the minds of potential contacts and the opportunities they may present..

Do people pay attention to advertising?
A recent survey found that 40 percent of respondents aged between 30 and 44 said they generally paid attention to commercials, compared to 50 percent who said they did not.A

 



 The proliferation of media across the Global Village, had made it difficult to capture the attention of potential contacts and work. Even back in the Transition period between the demise of the Industrial Park and the rise of the Global Village android was sending out 11 billion notifications per day, and on average, GV Residents were checking their phones 150 times per day for short bursts of 30 seconds.

In the Industrial Park, this would indicate successful marketing of goods and services.  But in the Global Village it only indicated that attention was becoming a valued commodity.  In the online environment viewability is widely acknowledged as a significant challenge, and a viewable advert doesn’t necessarily mean the viewer has paid attention to the advert. The rise of adblocking software also disrupted the flow of  opportunities across the Global Village.

More than 51 percent of Residents felt bombarded by unsolicited advertising. Advertising Association think tank Credos, showed that public favorability towards advertising hit a record low of 25 percent in December 2018. According to Credos, this was the latest measure in a "long-term decline" in attention paid to on-line advertising.

There is an inverse relationship between the availability of information and the attention. Increased information results in a scarcity of attention. This meant that attention had become a precious commodity in the Global Village..

The media industry is focused on reach and interruptive attention

The digitalisation of content and distribution has made attention cheaper and easier to capture, and the abundance of data has enabled optimization. This has resulted in a reach led approach to attention, focused on interruption strategies, grabbing attention and maximizing eyeballs.

The reality is however, that attention is a finite resource. Put simply there are only so many hours in the day. Attention strategies that are based on the premise of interruption, capitalizing on low quality attention and maximizing reach could prove problematic for the long-term health of advertising. Attempting to squeeze more and more attention out of increasingly distracted Residents risks undermining our overall capacity for attention .

Communication strategists such as Oliver Feldwick and Faris Yakob have questioned the sustainability of an attention-grabbing approach. So an ad hoc team of interested Residents sought a more sustainable approach.

Achieving a sustainable approach to attention

The starting point is an appreciation that not all attention is equal, and that we need to place greater emphasis on quality attention. Quality attention is not just clicks, it can’t be measured in eyeballs alone, it’s about time well spent, it’s about focused and immersive attention. Yacob gave us a spectrum of attention, to acknowledge for example that the requisite two seconds online hoping to attract a click is very different to watching a 30 second commercial in a darkened movie theatre.

So instead of grabbing attention, Residents thought about cultivating attention over the long term; That would be a more sustainable approach. This means prioritizing an approach that values meaningful media experiences, that wasn’t interruptive.

How to measure attention

The challenge, as always, comes back to measurement. While it’s relatively straightforward to make an intellectual argument for quality attention, Residents  wanted to be able to quantify ‘quality attention’. The difficulty here was that with a mix of complex and subtly different metrics, it is incredibly hard to compare attention across different platforms.

Time spent is one of the standard ways to measure attention, unfortunately it’s not as simple as that. A report from Ipsos MORI and Lumen acknowledges that, even in the online environment where dwell time is a standard metric, this doesn’t provide the full picture. Analysis of creative performance of digital communication found that a well created digital advert can deliver recognition at a glance and aid brand impact. When a weaker ad might not perform even with a longer dwell time. This led to the need to consider intensity of attention; this refers to a more qualitative understanding of attention.

There are different types of attention

With this in mind, Bournemouth University developed a framework for understanding attention, which acknowl- edges there are different types. Informed by a variety of theories, they asserted that attention sits on a spectrum from top down, which is conscious and immersive, to bottom up, which is unconscious and fast.

There is also a need to consider how people process information. Information can be processed cognitively, i.e. analytically based on supporting arguments, often text based or lists of attributes or features. Or they can be processed emotionally based on value expressive goals linked to self identity. Typically these are more reliant on imagery and seek to engage moods, desires and feelings.

It can be argued that different objectives and sectors are better suited to different types of attention, so it’s important to consider this when planning a campaign. A useful way to think about this is the idea that attention has different modes: studying, soaking up, skimming and scanning. You might select one of these on the basis of the creative you are working with, the message that you are trying to communicate or the behaviour you are trying to change. Advertisers can use any or all of these modes depending on their objectives. For example, the above Smart Energy campaign used all four modes deploying cinema and advertorials in magazines for top down immersive attention and display advertising and video online to achieve bottom up interruptive attention.

Media channels don’t naturally sit in one mode or another; many straddle a number of modes depending on how the channel is deployed and the creative treatment. A magazine for example, can be studied, soaked up or skimmed depending on the title, whether the consumer is reading in print on, social or online, and the creative approach taken with the commercial message. For example, a display advert, a partnership strategy, a home page take-over or an online influencer campaign.

From this framework, the important take out is to work with the type of attention that your brand objectives, creative and media channels are best suited to. This is the best way to achieve a higher quality of attention.

Quality attention drives actions

Measuring attention is undeniably a challenge. A single metric is unlikely to fully account for the different types of attention and all the variety of factors that influence it. In our ‘Attention Please’ whitepaper Bournemouth university highlighted five contextual factors that need to be considered when measuring attention.

a) Advertising goals: Purpose of the advertisement (desired outcome, remind, inform, change attitude, build brand etc).

b) Personal goals: Utilitarian or value expressive (and specific nature of those goals).

c) Media moment: how the media is being experienced (escapism, diversion, killing time).

d) Media brand/channel relationship: Consumers’ relationship with particular media brands (pleasure, purpose, trust, relevance, credibility, personal connection, emotion, control, personal choice, loyalty).

e) Advertising relationship: Consumers’ relationship with an advertisement (part of experience, relevance, distracting, annoying etc).

So is all this complexity worth our attention because ultimately the measure of success in advertising comes back to proving effective outcomes. For attention to be taken seriously as a topic, there needs to be a link between attention and important KPIs, such as purchase and consideration.

Neuroscience provides some compelling insight into this question. In this field, attention is referred to as memory encoding, and memory encoding is seen to be a crucial metric. The science shows that if something isn’t stored into memory, no matter how much we enjoy it at the time, it can’t possibly affect our future behavior – if it’s not stored away into memory, it’s simply not there in our heads.

The significance of memory goes even deeper than this, because our brains are very selective about what is stored away, and we tend to encode things for which the brain has already identified a use. Therefore, if something is encoded into memory, this is both an enabler and predictor of likely future behavior.

In neuroscience, we find that attention really matters because the ultimate goal of any campaign is always to create some kind of behavior change. 

The Solution 

If attention has commodity value, why not appraise and reward it like any other commodity in the Global Village? With that in mind, the team recommended two rules governing the distribution of any form of  digital advertising across the Village:

The recipient of the advert must consent via an opt-in code provided by the sender.  Failure to provide the code with the advert will result in fines and possible suspension of license

  1. The recipient of the digital ad must consent via an opt-in code provided by the sender.  Failure to provide the code with the ad will result in  spaming fines and possible suspension of license to use the Internet for any type of advertising.

  2. The consent agreement must include a compensation agreement detailing the fees the sender will pay for various levels of attention to the digital advertising. The recipient's code will be used to track these fees so that no other personal information can be collected or shared with affiliates of the sender.

April 24, 2022

Getting Educated in the Global Village - Phase 3

Web3 represents the next iteration of the World Wide Web. It’s built upon blockchain technology and cryptocurrencies, and is characterized by greater decentralization, transparency, and shared ownership. Web3 looks set to transform work as we know it.


Hiroshi Watanabe/Getty Images

During Phase 1 [2020-2021]of the transition from the Industrial Park model to the Global Village model, educators were forced to question long-standing assumptions and develop strategies that were both affordable and available. Those strategies forced school administrators to distinguish between the superfluous and the essential elements of getting educated in the Global Village. Phase 2 [2022-2025] applied Lessons Learned during Phase 1 to create a robust and sustainable system of education for the Global Village. Phase 3 brought the metaverse to educators. Schoolhouses had given way to hibred learning environments. These environments provided the perfect foundation for curriculum designed exclusively for the metaverse.
 
Web3  transformed learning as we once knew it. And the decentralized autonomous organization, or DAO, was the vehicle that led the charge. 

DAOs are effectively owned and governed by people who hold a sufficient number of a DAO’s native token, which functions like a type of cryptocurrency. For example, $PROB is the native token of popular social DAO called Problem Solvers, and students who want to build their problem-solving skills  can buy, earn, or trade it. Today, there are many permutations of DAOs as there are skills valued by Residents of the Global Village.  DAOs run the gamut from education organizations, to venture funds and grant programs, to social networks, video games, financial and tech platforms.

 

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More Autonomy Over Where, When, and How We Learn

 

As DAOs proliferate, instead of having one teacher and a weekly "class time" schedule, learners might spend an entire week acquiring "problem-solving" skills. This is already typical amongst early adopters to the space. The Global Village creator economy, populated by would-be vloggers, bloggers, and podcasters earning $POB tokens from a variety of projects. These may include coaching, consulting, and content curating. In turn, these tokens finance increasingly more complex problem-solving sessions in which these skills are both learned and practiced in real life simulations.

 

Freedom to Do More Fulfilling Simulations

 

The technology-centric nature of DAOs may result in routine learning  being automated, freeing learners up to cultivate all of their skills and talents. In turn they can  spend more time on activities that most benefit themselves and fellow Residents of the Global Village.

While 85% of today’s global workforce is disengaged at work, DAOs will give people more freedom to choose learning tokens that resonate with them, and  work with others who align with their talents, and values. 


More Decision-Making Power

 

Learners will be able to use their DAO’s native tokens to vote on key decisions. These kinds of decisions by DAO members evolved from the eBay and Amazon use of the star rating system to weed out distrusted vendors and reward those most praised by buyers. In the Global Village this same system is used to separate "just in time" skill-building from "just in case" skill-building. Young Residents who are anxious to find their place in the Village have little time to waste building skills that may not have immediate application. So the "just in case" skill builders are left to senior Residents who want to refresh their knowledge base.

 

Different Compensation Structures

 

While early DAOs had a set of core contributors (at least in the early stages) who were engaged on a full-time basis and even earned salaries, Residents are now contributing to DAOs by completing individual tasks, or given “retainers,” when they have attained a high level of the skills in Leadership, Team Building, Problem Solving, Sales, or Communications.


An early version of "retainers" was the  learn-to-earn (L2E). An example is the platform RabbitHole, which paid you to learn about Web3 applications. Other versions include create-to-earn (C2E) — such as writing articles or designing artwork in exchange for tokens, and use-to-earn (U2E), such as posting comments and engaging with Web3 social media applications such as Minds.

In addition to all of this, token holders can also speculate on their tokens, the price of which might increase in value over time based on supply and demand, much like traditional shares in a company.

 

Learn From Anywhere

 

As many traditional educators with apparent trust issues continued to hide behind the cloak of “team bonding” while sending everyone back to in-person instruction led by a teacher in the wake of the pandemic, DAOs not only don’t care where you learn, they also don’t care when you learn or what you look like while you’re learning — in fact, many contributors are recognized only by their Avatar.

Instead of in-person learning from a classroom  all year long and having two to four weeks off, most DAO contributors will likely work remotely, bond in virtual social spaces such as CryptoVoxels or The Sandbox, and for several days or weeks a year, get together in real life for nostalgic "homecomings".

 

Traditional organizations that demand that their employees go into the office for two to three days a week effectively anchor their employees to life in one place — usually close to a central business district. Firms with such archaic and mobility-limiting positions will likely find it increasingly difficult to win the battle for Millennials and, in particular, Gen-Z talent.

Some might argue that DAOs, like many gig economy companies, threaten labor rights, but DAOs themselves are looking to address this. For example Opolis, a digital employment cooperative, helps DAO contributors and contractors get their health insurance and 401K retirement plans in order.

 

The DAO movement is still in its infancy, and has a number of its own challenges to work out when it comes to governance and trust. The mainstream adoption of Web3 rests upon the resolution of questions related to user experience (UX), security, scalability, and regulatory clarity. However, at the current pace of talent acquisition, capital-raising, and innovation in the space, mainstream proliferation could happen sooner rather than later.

 

At its core, Web3 promises more fulfilling and outcomes-focused work, with a fairer distribution of ownership and rewards — and that is a future worth building.

 

Neuroscience in the Global Village

  By 2030,  mental illness had so plagued the Global Village that the regard for Clinical Psychologists and Psychotherapists was the lowest ...