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๐Ÿ‡ญ๐Ÿ‡ท Croatia /Economy & Trade

Text is becoming increasingly important currency

From Veฤernji List · () Croatian

Translated from Croatian and summarized by DistantNews. Read the original for the full story.

At a glance

In-depth Sources not specified Context piece
  • The rise of AI, particularly ChatGPT, has highlighted the increasing importance of text in communication and business, challenging the dominance of visual platforms like TikTok.
  • Text is now a crucial element for brands, influencing customer perception and business operations across marketing, customer support, and internal communications.
  • Research, like the Significant Objects experiment, demonstrates that compelling narratives around products can significantly increase their perceived value.

The rapid ascent of AI, spearheaded by tools like ChatGPT, is fundamentally reshaping how we communicate and conduct business, underscoring the enduring power of words in the digital age. While platforms like TikTok have captured attention with visual content, ChatGPT's swift user adoption proves that text remains a potent force.

One of the things we insist on at Behave is that you can be both empathetic and professional at the same time.

· Boris ล urijaPsychologist Boris ล urija, founder of Behave and AI platform Lexi, discusses the importance of communication in the digital age.

Psychologist Boris ล urija, founder of Behave and AI platform Lexi, explains that "words were once considered solely a marketing tool, but a large part of the relationship between corporations and people, and even between colleagues at work, now takes place through text." This shift is driven by the digital revolution, where interactions via mobile phones, from customer complaints to newsletters and invoices, are primarily text-based. Brands are increasingly defined by their written communication, not just in traditional marketing but also in customer service and internal emails.

ล urija defines the "economy of words" as the growing realization that a significant portion of business operations relies on text. This is particularly relevant for younger generations, Millennials and Gen Z, who often prefer textual communication, with some experiencing anxiety over phone calls. An experiment called "Significant Objects" from 2009 illustrated this point dramatically: by creating narratives around inexpensive figurines, their resale value increased by up to 60%, with one horse figurine selling for $62 after being purchased for $1.

Words were once considered solely a marketing tool, but a large part of the relationship between corporations and people, and even between colleagues at work, now takes place through text.

· Boris ล urijaล urija explains the evolving role of text in business and interpersonal communication.

This evolving landscape suggests that mastering textual communication is no longer just a marketing tactic but a core business strategy. As AI continues to advance, the ability to craft effective and engaging text will likely become an even more valuable asset for individuals and organizations alike.

The brand is largely text today. And not only on channels we typically consider marketing but also on completely non-marketing ones, for example, in customer support, internal communication, sales emails.

· Boris ล urijaล urija elaborates on how text defines brands across various business functions.
About this summary

Originally published by Veฤernji List in Croatian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.