Recommendations economy from "summary" of The Longer Long Tail by Chris Anderson
The Recommendations Economy is a concept that revolves around the idea of using recommendations to drive consumer decisions. In a world where choices are seemingly endless, recommendations play a crucial role in helping consumers sift through the noise and find what they truly want. With the rise of digital platforms and social media, recommendations have become more important than ever before. In the past, recommendations were primarily made by friends, family, or experts in a particular field. However, in today's digital age, recommendations come from a variety of sources, including algorithms, influencers, and online reviews. These recommendations are based on a wealth of data about consumer preferences, behaviors, and purchas...
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