The other month (as in, the ones where I am working 16 hour days and don’t have time to blog), I read in amazement a stunning move made by the New York Times. It was the announcement of its first API, where you could query campaign finance data. It turns out this wasn’t an isolated incident, as evidenced by yet another API release, this time for movies, with plenty more to come.
That is massive! Basically, using the same data people will be able to create completely different information products.
I doubt the journalists toiling away at the Times have any idea what this will do to their antiquated craft (validating that to get the future of media you need to track technology). As the switched on Marshall Kirkpatrick said in the above linked article for Read Write Web "We believe that steps like this are going to prove key if big media is to thrive in the future."
Hell yeah. The web has now evolved beyond ‘destination’ sites as a business model. News organisations need to harness the two emerging business models – platforms and networks. Whilst we’ve seen lots of people trying the platform model (as aggregators – after all, that is what a traditional newspaper has been in society), this is the first real example I have seen of the heritage media doing the network model. The network model means your business thrives by people using *other* peoples’ sites and services. It sounds counter intuitive but it’s the evolution of the information value chain.
This will certainly make Sir Tim Berners-Lee happy. The Semantic Web is a vision that information on the web is machine readable so that computers can truly unleash their power. However this vision is gaining traction very slowly. We will get there, but I am wondering whether the way we get there is not how we expect.
These API’s that allow web services to reuse their data in a structured way may just be what the Semantic Web needs to bootstrap it. There’s an assumption with the vision, which is that for it to work, all data needs to be open and publicly accessible. The economics are just not there yet for companies to unlock their data and my work this year with the DataPortability Project has made me realise to get value out of your data you simply need access to it (which doesn’t necessarily mean public data).
Either way, for me this was one of the biggest news events of the year, and one that very quietly has moved on. This will certainly be something worth tracking in 2009 as we see the evolution of not just the Semantic Web, but also Social Media.
