bims2024preview

What’s on Their Minds? BIMS Attendees Share Priorities and Goals for the Event

This article was written by Tony Silber

The top minds in B2B media—and many from the enthusiast B2C side as well—are here in New Orleans beginning this morning and continuing through tomorrow afternoon for the annual BIMS conference.

These are busy executives running large organizations, small companies, and entrepreneurial startups. They’re pulled in a lot of directions at once. For them to commit two days to a conference is a big deal, and they expect that time to be well spent.

So we thought we’d ask a diverse group of attendees and sponsors what they expect to hear and learn at BIMS over the next two days. Here’s what we heard.

John Temple, CEO, Guideposts
I’m excited to hear more about how other companies are experimenting with generative AI models in an ethical way. As the leader of a B2C organization, I’m also interested in gaining a greater insight into B2B media and the lessons learned that could be applicable to our space.

Kate Spellman, Chief Marketing Officer, Questex
Each year, I enjoy attending BIMS to connect in person with my B2B, information-services industry colleagues. The conference program is always on the mark with knowledge and insights, new and emerging trends/technologies, as well as best practices. I look forward to leaving with ideas that I can share with the entire Questex team that we can put into action with our audience. With the entire industry in one place at the same time, it’s a terrific opportunity to gain new learnings, stay up to date and network.

Bill Carter, CEO, ALM
I hope to learn from my peers their approaches to a cookie-less future, their experimentations and implementations of AI, and their outlook on the 2024 economy.

Heather Holst-Knudsen, CEO, H2K Labs
I am keen to explore how B2B media and information firms are approaching AI in terms of approach, impact on internal and external processes, structure, and skills and how they view the financial opportunity. Equally important is understanding whether businesses grasp that AI is only viable with high-quality, unified data across the organization. The updated formula: GIGOBAI – Garbage In, Garbage Out, Bad AI.

In terms of news, I expect reinvigorated M&A. With that said, I think the hard discussion of valuation will need to be had. The go-go, pre-COVID days for businesses relying predominantly on advertising and basic demand gen may be over.

Matthijs Braakman, CEO, SmartWork Media
I attend BIMS to compare SmartWork Media’s progress against the broader B2B media industry. The conference offers a valuable network of colleagues and insightful programs that share knowledge and best practices. BIMS provides a unique opportunity to connect with other B2B media executives in a non-competitive environment.

[In terms of news,] two key topics dominate our industry. The first is the impact of AI tools, which both drive operational efficiencies and pose threats to our IP. The second topic is the evolution of CDP technologies and their role in extracting value from our audience data.

Jason Young, CEO, Northstar Travel Group
Connecting with industry colleagues to get perspectives on macro and micro trends and sentiment in market. Hearing about tangible, practical ideas/applications that our business should consider.

Don Pazour, Executive Chairman, Access Intelligence
The biggest takeaway I’m seeking is how people are defining, positioning, and delivering on intent-based marketing solutions. AI fits into this, CDP size and structure as well. How are we evolving to provide audience-driven solutions to our advertisers based on knowledge and engagement of just what that audience comprises? For those companies that have paid registration, understanding how they view their CDPs both as a registration source as well as a driver of advertising.

Also, on the M&A side, I’m sure we’ll hear that there are black books out there and discussions going on about several platforms that are past due for their PE owners. I’m not sure that the elements are there, though, to make any significant deal happen—unless you’re Informa.

Dan McCarthy, CEO, Dodge Construction Data
I’m particularly interested in AI use cases and approaches for rapid deployment.

Todd Latham, President, Actual Media
[For takeaways, I’d like to see] specific strategies (and tactics) that leading U.S. B2B publishers are using for revenue diversity and monetization, tech stack and M&A. [In terms of news,] probably an announcement or two of a merger/acquisition among attendees and perhaps a few suppliers to our industry launching new products or services!

Jeff Litvak, CEO, Golden Peak Media
Understanding how peers are performing, in areas of success as well as challenges, is helpful for developing and managing our strategy. And listening to case studies and gleaning insights that can help me to run our company better is an area of focus. I’m also interested to hear about practical applications of AI—that can be done without huge investments. Finally, of course, just catching up with friends and making new ones is going to be fantastic.

Hal Cohen, CEO, BridgeTower Media
I hope to network with peers and get a sense of their 2024 outlook, and I hope to walk away with one or two new ideas to generate incremental revenue.

Mark Holdreith, Co-Founder, Partner, Media Advisory Partners
I come to network, connect with old friends and make new contacts. I share and provide value where I can. I’m anxious to hear how people are addressing and using AI and 1P data.

Andy Clurman, CEO, Active Interest Media
I’m looking to reconnect with some old friends and make some new ones. In terms of news at the event, I’ll be looking for sideline deal-making.

Nikki Smith, Chief Operations Officer, BNP Media
I am interested to learn how other media companies are using data and technology to continue to advance their business in new ways.

Jim Spanfeller, CEO, G/O Media
I’m guessing that we will sort of learn—no one is completely transparent—how people are really doing. That the first half of this year is spotty. There’s some good, but at the same time, some still up in the air. I think the general consensus will be that by the second half of the year the world will start looking a lot better. The economy should look more stable (we hope!), and hopefully global unrest will have died down a bit.

 

 

 

 

Copy of Media Library (36)

SIIA Statement on White House Executive Order to Protect Americans’ Sensitive Personal Data

This statement can be attributed to Paul Lekas, Senior Vice President, Global Public Policy, Software & Information Industry Association.

Today’s Executive Order is a significant step forward in raising awareness about the potential for countries of concern to exploit  Americans’ sensitive personal data, and we recognize the risks that the misuse of certain kinds of data can pose. We applaud the Administration for its action to address these risks while recognizing the fundamental importance of cross-border data flows and a continuing commitment to an open Internet. As the Administration develops regulations to implement the terms of the Executive Order, it is critical to focus on measures narrowly tailored to stop bad actors from misusing or selling Americans’ data while preserving the ability of commercial publishers to continue to drive the information economy in the United States and globally. We look forward to working closely with the White House, the Department of Justice and other agencies on this endeavor.

Copy of Media Library (29)

Global Tech Policy Trends To Watch In 2024

Written by: Suher Adi

With the UN’s AI Advisory Body report being released this year, there are many developments to look forward to. Without any binding regulations in place, international forms and voluntary commitments play an increasingly important role in the way technology is developed and used. SIIA will be keeping an eye out for any major developments coming from multilateral groups throughout the coming year. Below are five developments we will be paying particular attention to: 

    1. The International Standards Organization (ISO) will release more guidance related to generative AI. With standards development becoming the largest discussion point on the international stage, the ISO plays an important role in the development of global AI policy. In particular, we will be on the lookout for new recommendations from the ISO and the International Electromechanical Commission (IEC), as well as opportunities to submit input. 
    2. The G7 will continue to meet and develop guidelines and policies regarding the use of AI . Developments and changes related to the International Guiding Principles for Advanced AI systems, in addition to the AI Code of Conduct, are important to monitor as they can hint at the way global cooperation and agreements can move. This is especially  important  as other international bodies are moving to establish their own sets of policies and recommendations on AI. 
    3. The Global Partnership on AI (GPAI) has a new leader with India taking charge of the work for the coming year. India, seen as a tech leader from the Global South, has been known to champion the inclusion of middle income countries in the policy conversations about the development of AI, and how to minimize risks associated with the technology. A welcomed development to diversify the policy conversation, it will be integral to watch how India’s leadership will transform the discussions at GPAI during the coming year. 
    4. EU AI Act final text will be released. With the establishment of the EU Commission’s Artificial Intelligence Office, the EU AI Act will provide further context for the scope of the  jurisdiction of the new AI Office and how the Office will handle matters related to the emergence of AI technology and AI technology companies.
    5. The UN Summit of the Future, which is happening later in 2024, will likely include some level of discussion and agreement on a United Nations approach to artificial intelligence and other emerging technologies in a variety of contexts, like environmental technologies, AI, and emerging technology standards.  

SIIA is looking forward to the busy year ahead, and is ready to submit comments and information requests to government agencies looking for additional information to support the development of policies around emerging technology like AI. We all have an important role to play in an exciting time with rapid developments in the technology sector. We are eager to participate in shaping the future of technology policy throughout this coming year and the years to come. 

Copy of Media Library (34)

SIIA Supports the Invest in Child Safety Act to Combat Online Child Exploitation

The Software and Information Industry Association (SIIA) has joined a letter to Congress advocating for proper funding to address child safety online. The letter emphasizes the importance of adequate resources for prosecutors and law enforcement to effectively investigate and prosecute child predators involved in online child sexual abuse material (CSAM). The letter cites a 2023 report by Stop Child Predators, revealing that law enforcement in 2022 could only investigate less than 1% of reported CSAM cases due to limited capacity and resources. SIIA urges policymakers to support the Invest in Child Safety Act of 2024 (S. 3689 | H.R. 7134), a bipartisan bill aimed at providing $5 billion in mandatory funding to investigate and target predators, along with additional support for community-based efforts and mental health professionals. SIIA remains committed to collaborating with Congress to ensure the safety of children online and support the prosecution of individuals involved in child exploitation.

The Software & Information Industry Association is one of the signatories on a lthe privacy, safety and security of children and students online.

This statement can be attributed to Sara Kloek, Vice President, Education and Children’s Policy, Software & Information Industry Association.

The Software & Information Industry Association is one of the signatories on a letter sent today in support of the Invest in Child Safety Act of 2024.  The bipartisan legislation includes crucial funding for law enforcement and prosecutors to effectively investigate and prosecute the child predators and bad actors reported to them – a critical component to combating child sexual abuse material (CSAM) online.  Indeed, a recent study found that law enforcement investigates less than 1% of all CSAM reports, largely due to a lack of resources. The bill also recognizes the mental health needs of victims and their families by providing funding and support for mental health professionals. 

We encourage the full Congress to enact this important bill that is aligned with the mission of SIIA’s Keep Kids Safe and Connected campaign that advocates to protect the privacy, safety and security of children and students online.

Copy of Media Library (35)

Cracking the Code: What are the implications for tech and information policy?

By Paul Lekas, Senior Vice President, Global Public Policy and Morten Skroejer, Senior Director for Technology Competition Policy

A few weeks ago, SIIA released Cracking the Code. As the trade association for companies in the business of information, Cracking the Code is the first of what we hope will be a recurring deep-dive into how people interact with and use information. 

Cracking the Code focuses on how people find information online in their personal and professional lives. The findings, captured here, here, and here, are striking – not only because they’re really interesting, but also because they have direct implications for policymakers in the United States and abroad.

What We Found

For this survey, we asked 2,000 U.S.-based internet users aged 18-70 how they search for information online. The goal was to map the digital landscape and to gain an empirical, evidence-based understanding of how people use various platforms to access information in their personal lives and professional capacities.

What we found was that there has been a gradual but significant change in people’s online search habits. A decade or two ago, traditional search engines, such as Yahoo! and Google, were the primary means for finding information online. And while those types of traditional platforms are obviously still around and widely used, thinking of internet search as the domain of traditional engines is out of touch with people’s actual behavior today.

For many users, there is a clear distinction between how they use the internet to search for information related to their work, their educational pursuits, or personally. 

Searches that are precipitated or inspired by personal interests often involve extensive explorations that can take unexpected turns and lead in surprising directions. These types of exploratory searches often involve a combination of social media and content-specific websites, at least as much as traditional search engines. In fact, our research shows that younger generations, especially those that belong to the Millennial and Gen Z cohort, are more hesitant to use traditional search engines when they look for information online, and are much more likely to rely on social media platforms and niche websites instead.

Work-related information searches, on the other hand, tend to be more focused and less open-ended. For that reason, traditional search engines are still the preferred means of conducting those types of inquiries. Even so, there is a growing awareness among users of the immense potential benefits platforms that incorporate Generative AI offer, and, as a result, how these types of tools are likely to reshape traditional search methods in the near-to-medium term.

Traditional internet search engines that were en vogue 10-15 years ago are no longer as relevant because new and more refined search platforms are better calibrated to meet the needs and interests of younger internet users. But, that is the nature of competition and exactly what you would expect from the continued and dynamic transformation of the digital frontier.

What This Means For Policy

Cracking the Code suggests that policies centered on traditional search engines as the gatekeepers to the internet is the wrong way to think about how the internet actually works today. Social media platforms, news websites, niche websites, and increasingly, GenAI tools should be considered entry points to the internet on par with traditional search engines. And within these categories, there’s a range of differences that are often lumped together.

Empirical data demonstrating how people find information online in their personal and professional lives has a range of implications for policy makers.

First, policymakers should draw on research like this in developing bills and policies that are future proof. The general lesson from this research is that policymakers should focus not on particular technology but on the actions and harms that warrant regulation. This approach will help to cultivate rules of the road that are technology-neutral, future proof, and capable of adapting as technology develops. Adopting a risk-based approach to technology regulation is one way to achieve these goals. 

Second, in the context of the internet search ecosystem, this research is directly relevant to debates on competition. Antitrust policy and enforcement are designed to ensure that we protect and promote competition, not to insulate specific companies from the effects of competition. Fundamentally, this is about market definition. While consumers recognize the difference between traditional search engines, social media platforms, and GenAI apps, when it comes to looking for information online, they are using these tools – and more – in a similar way. The upshot is that when lawmakers focus on alleged dominance of search engine platforms, they are looking at a snapshot of internet behavior that could be obsolete – perhaps consistent with conventional wisdom, but inconsistent with reality.

The debate in the last Congress over whether to pass the American Innovation and Choice Online Act (AICOA) is a case in point. AICOA sought to create a set of special rules that would apply to just a handful of companies in the tech industry, based largely on a range of assumptions (and conventional wisdom) that, as Cracking the Code and other studies have shown, does not match the reality of user behavior on the internet.

Third, future proofing becomes hard as new technology develops rapidly and younger generations lead adoption and drive change. Indeed, it’s possible that we are looking at information and tech policy in the wrong way. Technology is changing rapidly. GenAI is a new concept for most internet users; tools like ChatGPT have been available to the public for less than 18 months. More empirical research is critical to furthering policy debates.

Closing

One of SIIA’s core objectives is to foster public policy solutions that support a healthy digital ecosystem and are sufficiently robust to withstand changes driven by technology and politics. We do not know what technological innovation will bring and how user behavior will respond. Yet it is certain that the quest for knowledge and exploration almost certainly will continue to rapidly evolve and profoundly shape our digital interactions. As policymakers debate legislative and regulatory changes in this area, and discuss how to future-proof any such endeavors, they will need to pay close attention to and be mindful of these important developments.