The Age: Social networking can help business

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The Age has just published an article titled Social networking can help business, based on our Executive Insights into Enterprise Social Network Strategy report, released yesterday.

Much of the article describes the report, and takes some of the executive quotes used in the report. Then at the end, taken from a follow-up interview with me, it says:

Chairman of company Future Exploration Network Ross Dawson said there had been a transformation in the corporate attitude towards social networking over the past year.

“An initial scepticism and caution from executives has now shifted dramatically where they recognise that these can be extremely valuable for helping organisations perform more effectively,” Mr Dawson told AAP.

Some Australian companies were not so positive about using social networking technology in the workplace, Mr Dawson said.

“There’s a lot of diversity in the opinions of senior executives, some are still both extremely sceptical and extremely cautious.”

That’s the state of the nation. There absolutely has been a dramatic shift in attitude by senior executives towards social networks and similar tools in the enterprise over just the last year. However within many organizations there is a strong divide in perceptions, often meaning that relatively little happens.

The pace of change in how executives view social networks certainly suggests that this is not far from becoming truly mainstream in the enterprise.

Launch of the Enterprise Social Network Strategy report: what senior executives REALLY think about social networks inside the organization

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Today we are releasing our next major report, which distils – through unattributed verbatim quotes – what senior executives REALLY think about social networks inside organizations.

Future Exploration Network created the report for IBM, hosting a select group of top executives at a Roundtable discussion, and capturing the key talking points from the conversations.

Download the Executive Insights into Enterprise Social Networking Strategy report.

Enterprise Social Network Strategy

I usually don’t put press releases on my blog, but the one we released this morning gives a good summary of the report:

For immediate release: 20 November 2008

Australian senior executives say social networking has “real power” to change business

The majority of large Australian companies are trialing social networks within their organisations and senior executives believe that, rather than being a waste of employee time, there is substantial value to be harvested from connecting with Web 2.0, a report released today says.

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Gartner on the Distributed Social Web

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Last week I dropped in to the Gartner Symposium in Sydney, and managed to catch the session by David Cearley talking about the distributed social web, one of my favorite topics.

Overall it was a very good presentation, swiftly moving from the basics to a quite detailed view of the distributed social web, including pertinent views on the challenges of data portability. The presentation was entirely from a corporate perspective, looking at how companies should be thinking about integrating open social networks into their websites and customer interactions.

This issue is only now getting onto the radars of consumer marketing companies, and it will be a while before we see significant corporate initiatives in the space, with the social networking platforms themselves still working out where the space is going. However the open social web will become an increasingly prominent topic for consumer-oriented companies over the next few years. David’s conclusion – that the biggest risk is to fail to engage – is absolutely correct.

The style of David’s presentation, as for many research vendors, was to throw out a lot of detail, clearly to convince their clients that they can’t work it out for themselves and need consulting assistance. I suppose this is probably quite true in this particular space, where it’s extraordinary difficult for people even at the center of what’s happening to get their arms around it. However I will have a go myself over the next few months, in creating a successor to the Web 2.0 Framework that will look at the layers of social platforms and how to engage with them.

Below are the notes I took during David’s session:

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Check out Online Social Networking and Business Collaboration World on 24-25 November (and Enterprise 2.0 Executive Forum 2009 on 24 February!)

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The Australian event industry is quickly getting better from what was until recently a very low base. There are more quality events than ever.

A few months ago I was planning to run an Enterprise Social Network Strategy event in early December. Then I found out that a very similar high-quality event was already set for the week before. As such I cancelled my event and rolled what I was intending to cover into my next Enterprise 2.0 conference. I then spoke to the organizers of the November event, AC Events, to see if we could collaborate. We have worked out a great arrangement whereby we are together bringing two highly complementary events to the market.

Online Social Networking & Business Collaboration World on 24-25 November 2008 is a two-day conference covering social media for marketing, enterprise and government, organized by AC Events. I will chair the plenary sessions and enterprise stream at this event.

Enterprise 2.0 Executive Forum on 24 February 2009 is an intensive one-day executive summit organized by Future Exploration Network on how to create value with Web 2.0 tools inside organisations. It features leading international speakers, Australian case studies, and highly detailed insights into implementation.

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Expertise location: linking social networks and text mining

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A very interesting article in the Guardian today, US military targets social nets, describes new expertise location technologies.

Expertise location has always been a central ‘killer app’ first sought by knowledge management and now part of the promised of Web 2.0. It is a fundamental driver in any large organization being able to tap its own capabilities and take advantage of being large. This was always epitomized by the quote from Lew Platt, who as CEO of HP famously said “If HP knew what HP knows, it would be three times more profitable!”.

I wrote in 2005 about how Morgan Stanley was finding that blogging was trumping in effectiveness its years of efforts into dedicated expertise location systems. The next layer is tapping social network and content creation patterns to identify experts, as has been implemented in some content management systems (CMS) over the last couple of years. This can be taken further when used within online communities and social networks, as SRI International is currently doing:

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The past, present, and future of location-based mobile social networking

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I have long believed that location-based mobile social networking is central to how technology will connect us. The advent of next generation phones including the iPhone combined with people’s familiarity and engagement with social networks means that the space is – finally – ready to take off. Here is a very quick review of the past, present, and future of the space.

The Past

The original location-based social networking application was proximity dating, which I wrote about in chapter 2 of my book Living Networks in 2002, in describing some of the many ways that networks bring people together:

In mobile-mad Japan, “proximity dating” has had a big success. As in Internet dating, you complete a profile of both yourself and your desired partner. Instead of suggesting people to exchange e-mails with, the service rings you on your cell phone to let you know that someone with a matching profile is within a few hundred yards of you, and allows you to arrange to meet them. Since high bandwidth mobile technology is now available in Japan, the system can also allow you to see each other on your mobile videophone before you meet.
[Download Chapter 2 of Living Networks]

People were very interested in the idea, and I got a lot of media coverage at the time for my thoughts on where this was going. There were a variety of technologies and platforms available for location-based social networking in the early days, however the major constraint was that very few phones had GPS, so the location of each phone had to be determined by cell tower triangulation, giving an accuracy often not better than one kilometre. One early example of location-based social networking at the time was from Swisscom, in which people could engage in anonymous chat, with indicators of both the numbers of degrees of separation from their counterpart in their phone books, and the approximate distance between them (from low to high).

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Peak of Australian Twitter use was at Future of Media Summit 2008

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Hitwise has just released statistics on Twitter usage in Australia, showing that Twitter usage is up over 500% over the last year. More interestingly, Australia’s share of Twittering globally has more than tripled in that time. It should also be noted that people increasingly use mobiles and Twitter clients such as Twhirl, so Hitwise would not be seeing this traffic, suggesting that the increase in usage is probably significantly greater than the figures they’re reporting.

Of particular interest is that Twitter’s peak of usage in Australia was at the time of the Future of Media Summit 2008, on July 15. This isn’t that surprising given the very strong use of Twitter at and beyond the Summit (see Twitter posts tagged #fom08), and the many people who commenced Twittering at the event.

Certainly other more recent events in Australia (for example today’s Web Directions South #wds08) are likely to have more Twitter usage than the Future of Media Summit, however that is on the back of a significant increase in the local Twitter population since then. It’s certainly great to see that the Future of Media Summit got such great Twitter uptake, especially since the event covered the entire media landscape, not just social media, and many attendees were from traditional media and unlikely to ever Twitter.

Thanks for the reference from the blog of social media strategist and Twitterer extraordinaire Laurel Papworth!

Also see the original release from Hitwise for more interesting insights, such as the fact that Twitter delivers 10x more traffic to financial institution websites than it did a year ago, suggesting that Twitterers are saying either nice or bad things about banks.

Social networks help people to get jobs: employer survey

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Careerbuilder.com has just launched a survey which says that 22% of hiring managers use social networks to screen candidates. The report emphasizes the downside for applicants, saying that one third of hiring managers rejected candidates based on what they found, including drug and alcohol use, inaccurate qualifications, links to criminal behaviour and so on. That’s the stuff that gets the headlines.

Less prominent in the report is that 24% of hiring managers found content on social networks that convinced them to hire a candidate, including solid references and a professional image.

Using social networks to get additional information about candidates is a no-brainer, and think it’s an indictment of the profession that just one fifth of hiring managers use an obvious source of information about applicants. It also should be very obvious to anyone with half a brain today that their social network profiles will be looked at when they’re applying for jobs.

Of course using social networks in screening is just one possible use for social networks in the hiring process. Even the CIA has been using Facebook for recruitment for well over two years, well after leaders in the space such as Ernst & Young (see EY’s Facebook careers page , which has over 18,000 fans (Facebook login required).

Future Exploration Network and IBM are running a Social Network Strategy Executive Roundtable this week for top executives of major organizations. We’ll release a report on the discussions, which will give some great insights on how these and other aspects of social networks in the enterprise are viewed by senior management. The report will be available here in a couple of weeks.

Summary and notes from AIMIA event: Social media and user generated content

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This morning I moderated an AIMIA event on social media and user generated. It was extremely interesting. In the interests of getting this review up I’ll just post very lightly edited notes that I took during the event – you’ll have to make sense of them yourselves. Full details on the event here.

Forum agenda:

• Professional media vs. User generated content

• Social networking vs. Social Media

• The future of Social Networking

Social media and user generated content

Speakers:

Francisco Cordero, General Manager, Australia and NZ at Bebo Inc

Michela Ledwidge, Managing Director, MOD Films

Dominique Hind, General Manager, Mark.

Andrew Cordwell, Director of Sales, Fox Interactive Media

Moderated by:

Ross Dawson, Chairman, Future Exploration Network

Summary thoughts

What struck me the most was how richly the exact topic of social media and user generated content was addressed. What can be seen as buzzwords ended up being precisely about how users created and engaged with increasingly professional content, primarily video, in a social network context. In fact Bebo explicitly describes itself as social media rather than a social network, as it has shifted over the last year or so to be primarily a forum for rich video content.

I have long been deeply interested in crowdsourcing of movie-making (content and funding), having written before about the future of documentaries, A Swarm of Angels and similar topics. I found what Michela Ledwidge of MOD films had to say fantastically interesting – she is clearly on the leading edge of this. The name of her company comes from how mods are the foundation of the gaming industry, with users increasingly coming up with the latest modifications that make the games they play even more interesting. She wants to apply the same idea to films. I had already come across most of the things she mentioned, but not IndieGogo, a crowdsourcing site for independent film-making, a social network that creates extraordinary things by bringing together resources. While I know Blender, the open source 3D animation tool, and in fact spent a Saturday playing with it once, I didn’t know they’ve created completely open source films (animations) that anyone can pull apart and recreate any way they want. These are Pixar-quality films that anyone can modify or work on. I find that extraordinary.

Overall social networks are becoming places for rich content creation, and that’s a great thing. They are also absolutely where people will go to and find content. Content exists in social networks. It’s alive, or should be, and in a way social networks and content are one of the best combinations there is, tapping latent creativity among and between us.

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Fast growing companies are more likely to use social networking tools

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The University of Massachusetts Dartmouth Center for Marketing Research has recently released research on the use of social media by the Inc 500, which are the 500 fastest growing privately owned companies in the US as ranked by Inc. magazine. This is one of the first longitudinal studies, showing changes in adoption of social media tools from one year ago. The topline results are shown below.

socialmediaInc500.jpg

The researchers point to the significantly higher usage of social media by these companies compared to the Fortune 500. A few thoughts on this point and the research findings generally:

Fast growth vs large companies. Fast growing companies by necessity are open to new tools and approaches, and tend to have a culture of adoption and innovation, meaning they’re more likely to experiment with social media tools. There are no studies I’m aware of comparing growth rates of companies and their use of social media, and the causality would be very difficult to unpick, but I believe that consistent rapid growth will be hard to achieve without social media tools to facilitate effective collaboration in the organization.

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