A very bad prediction I'll start by citing a statement I made in my annual predictions column, this one for 2004:


Blogging’s wave has already crested now that millions of online diarists are realizing that not that many people actually read this stuff.
I missed this one by a mile because I was looking at things from the wrong perspective.

The Internet is important not because it's a broadcast medium but because it's a narrowcast medium. A lot of publishers made this basic mistake in the early years of the Web; they assumed that the Internet was simply another channel by which to deliver their broad and homogenized information. In fact, what the 'Net created was a means for people with highly specific interests to connect with each other. The economics of this model didn't make any sense in the traditional media business. We knew how to build businesses by delivering content to a million people, but not how to build them around audiences of a few hundred.

My own company, TechTarget, has been successful because it figured out the latter problem. You can build a successful business around select and small audiences if they're the right people. You don't get multi-million dollar Super Bowl ad deals out of the approach, but you can get a lot of smaller sales that aggregate to the same thing. You just have to approach the problem differently.

The error in my thinking two years ago was that I thought blogging was all about appealing to big audiences. It's not. In the tech industry, people like Dave Winer, Mitchell Kapor, Jon Udell and Ray Ozzie define the blogosphere. They may not attract millions of readers, but they do attract a few thousand very committed viewers and that's enough. That's a proof of concept.

After 23 years in the tech journalism business, I've learned a little about a lot of things and not a lot about anything. I'll leave depth to the people who know their fields very well: the Ray Ozzies and Dave Winers of the world. They are the core of the blog movement. The value that I can provide is in giving some context to the events that are going on in the tech sphere every day. Believe it or not, not a whole lot is new out there and much of the politics and intrigue of this industry has a predictable pattern. What isn't predictable is the disruptive effects of new technology: how declining storage prices can lead to new applications of data mining or how global positioning systems can change the face of industrial logistics. That's what really excites me about this industry: Little changes can have very big ripple effects. I'll try to predict some of those changes in this blog.

And I'll post a lot of silly pictures of my kids and my adventures. This is a diary, after all. :-)

See you around. I hope you get something out of all this.  ¶ 10:48 AM