Network Theory: Google of Social Media is coming.Part 1
March 5th, 2009 by Talat | No Comments | Filed in Internet, Mathematics, Series Post, Short Posts, Social Media, Technology
Courtsey: thesituationist
Social Networks pervade the internet.Facebook CEO, Mark Zukerberg often talks about social graphs and the new emerging business model(and what not). Despite the apparent failure of Facebook to leverage its business potential , there is a ring of truth in the almost prophetic pronouncement of the CEO of the biggest social network site.
Just like links have deep mathematical structures (which Google exploited to the hilt), Social Networks have even deeper and more meaningful structures ready to be exploited. And it has mathematical precedence as a study of Network Theory.
Starting with isolated research in the early twentieth century , and following with significant gaps in research progress, network theory has recently formed a broad theoretical discipline. And it has just just come of age. The most appealing aspect is the live and extensive hot bed to test and exploit its theories in the form of Social Networks like Facebook,Myspace, Orkut etc.
Network Theory fits within a broader theoretical discipline known as complexity theory(the study of complex systems). Complexity theory is interdisciplinary and studies complexity on multiple levels. Example of complex systems include weather patterns, food webs, traffic flow. Network Theory is a subset of complexity theory that specifically studies complex networks. These theories overlap and influence each other and their boundaries are fuzzy.
In this series I will shine a light on the results in Network theory and how they can be leveraged to push social network marketing to a totally new level. Think Yahoo catalogs and then think Google’s intelligent search engine, I am talking about that kind of level up.
You must have heard of “ small world effect“, and if not that then you surely must have heard of “ six degrees of separation“. It is hypothesized that you are separated by anyone else in the tangled network with average of six: means that there is someone who knows someone who knows someone who knows you. The average length of this chain is six.Now this is a very powerful result. And once you see something powerful, the best thing is to start asking questions– lots of it: How can I leverage it? Can it explain something that we have noticed already? How can I manage that change now that I know this? Can I innovate on it? Does it open a new dimension for marketing? If yes then how can I get on it and exploit it?
It is very important to ask these kind of questions because the questions themselves(even if you don’t have an answer right now) show you that we find marketing space crowded only because we have not discovered other marketing dimensions. Imagine living in a two dimensional world and all of a sudden discovering the third dimension, and think what kind of mobility that knowledge will give you.
These kind of results are fundamentally different from tactics marketers apply to navigate through the crowd. These kind of results show you new dimensions, not just how to eke out a living in an already crowded space. And it is extremely important that you yourself ask the questions before you see the answers.
And in short, what is that phenomena again? The phenomena is Network theory which opens up a new dimensions in internet marketing, and more precisely social network marketing. And when a new dimension opens up the rules change, even for the dimensions you are already working on.
It is very important that you think about it. Leave your thoughts, questions etc in the comments and I will try to address most of them plus what I have to say in my next post.
As Discovery Channel would say –”Think again.”
Tags: Complex systems, Facebook, Myspace, Orkut, Social network
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