Of
the three laws discussed in class (Sarnoff’s , Metcalfe’s, and Reed’s Law) the
law that makes the most sense and I agree with most is Sarnoff’s. While all
three laws discuss different ideas of how networks increase in value with the
more number of members, Sarnoff’s Law states that the value of a network
increases linearly with the number of people on it. This law is typical in
traditional broadcasting while discussing TV or radio network’s broadcasting
system.
To me, this law makes the most sense. It means that a
network can say that they have increased in value if their members have
doubled. This is valuable information when it comes to advertising. If, for
example, I work at CBS and know that my network on Super Bowl Sunday has 111
million viewers, I can market this as a prime time to advertise. If, for
example, I work for Budweiser and know that there are 111 million people watching
CBS’s network and not even close to that many viewers on a network like TLC,
then I will definitely want to advertise on CBS because my commercial will
reach the eyes of so many more viewers.
However, this value can also be thought of from a viewer’s
perspective. If, for example, I am looking to join a social network to stay in
contact with friends then I would want to join the network that has more people.
I would not want to join Myspace at this point in time because the network of
active users on Facebook is much larger. That means for me I can communicate
with more people on Facebook, making it more valuable to me.
I do not think that too much will change in terms of
communication in just five years. There was nearly 100 years between the time
the telephone was invented and the internet was invented. Although I think the
forms of social media that will be invented will change. I foresee one of the
big companies like Facebook or Google purchasing up smaller companies and
combining them. Similarly to how on Snapchat you can now view the news and send
“snapcash”, I predict that Facebook will create Instagram filters, image
messaging that disappears in seconds, etc. combining Instagram, Facebook and
Snapchat so you don’t have to use all three.