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November 04, 2006

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It reminds of some of the discussions that have been circulating on that fact that time, or attention, is a limited and increasingly scarce resource. Time is certainly not a common consideration, but one that should be. Certainly making a transaction as easy as possible is one way to recognize this, but I wonder if there will be other models gain hold that involves more direct compensation to users.

Some interesting reading on the topic over at http://bubblegeneration.com/

I believe that a bunch of the new stuff that's getting called "web 2.0" is a response to what Siva Vaidhyanathan at NYU is calling the "Paradox of Abundance." If the Internet is like the biggest high-school cafeteria that ever was, where do you sit?

Users are taking numerous cuts through the ocean of the Internet to create smaller communities. Organized by highly-focused communities of enthusiasm (Japanese death metal sung in Swedish), or even by a replacement for the limitations of distance (buy a 512 meter plot of virtual land in Second Life, and your neighbors will show up and bring you pie just like in a Norman Rockwell painting,) my guess is that "real time" is one of the powerful ways to funnel down the sheer, crippling amount of choice available out there. Not "what are people doing out there?" but "what are people doing RIGHT NOW NOW NOW?"

Now, as a developer, real time scares the hell out of me - I have grey hairs from the American Express Wishlist promotion, where we have The Entire Intarweb banging on our door at once - but it's a fun challenge, and certainly a good way to learn all the time zones :)

The best way to respect a consumer is to respect their time. And the response is often for consumers to buy time savings with their money. The increased personalization of the card finder on americanexpress.com drove higher responses because they saved time in finding the right card. Similarly, the personalization on delta.com is driving more ticketing because its faster to book a ticket with pre-populated screens and prior preferences noted. Google Checkout will drive more online commerce because you can go from search to placing an order in seconds. To consumers, all time is prime (and valuable) time. Let's show the more respect for their time, and they'll love us for it.

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