The media sector is undergoing a transformation driven by new technology.
Piero Scaruffi, known for co-authoring A History of Silicon Valley: The Largest Creation of Wealth in the History of the Planet, shared his view of future media trends at a recent forum hosted by Sina News in Beijing.
These are ten trends Scaruffi highlights in his 2017 The Future of Media Report.
Trend 1: User experience technology
In the future, news won't be just "read", but "experienced".
Trend 2: Big data
The news media accumulates data about everything that is happening in the world.
Trend 3: A new kind of content
Content will be brief, viral, amateur, and multi-sourced.
Trend 4: Streaming
Buzzfeed, Facebook and Google have all started to compete in online videos.
Trend 5: The app
Now, 60 percent of app users become inactive within 30 days of downloading an app.
Trend 6: VR/AR
Virtual reality (VR) and augmented reality (AR) allows makers to create immersive and fun content.
Trend 7: Makers culture
It is important to rethink media production as a makers culture.
Trend 8: Monetization
Advertising will be different as technologies such as AR are incorporated.
Trend 9: New platforms
The platforms of the media have evolved from just newspaper, radio and television, to omni-platforms as a result of the internet, presenting challenges for the industry.
Trend 10: AI and robotics
Robots scour data. They know what is trending, what makes money and can package the data for maximum profit.