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Musings 2.0 …softer challenges of Web 2.0

Many of us in the business of technology are passionate or at least curious about the current happenings; and Web 2.0, convergence and collaborative technologies are certainly up on the list. I had begun my musing by blogging on the topic a few weeks ago, and had an interesting conversation with a gentleman, Bob, I bumped into at a Christmas dinner a few days ago. He is a Project Manager working for a local manufacturing firm, who also moonlights as a Deal consultant. Before I could keep a mental note to look up what Deal consultants did, Bob ventured to explain how he was involved as a go-between, introducing two parties for a ‘small’ cut (1-2 %), casually adding that the deals he brokered were typically in the multi-million dollar range, if not upwards. And as a deal-consultant he did not get involved in the nitty-gritty of negotiations, proposals or other aspects of the life cycle. His expertise lay in leveraging his contacts built over a period of time and ensuring that the right parties met at opportune times.

Bob primarily dealt with hi-tech service firms and clients, and was pretty updated on technologies himself, so I asked him if he saw a threat to his ilk from Web 2.0 technologies and information exchanges sprouting on the web. His answer was a vehement no!

I too realized that my question was a bit far fetched: Just as technology advisory firms and analysts continue to have a place, deal consultants continue to thrive primarily due to their offline contacts and networks. The technology to make the leap from offline to online mode certainly exists. Case in point is the popularity of Linkedin  [plug: my profile] a popular professional networking site that claims to attract Digerati who don’t want to be lurking on myspace or facebook.

Though they have become excellent recruiting tools, they haven’t really been able to move beyond this paradigm. For instance, the Wall Street “Journal story Job References You Can't Control” focuses on the recruitment aspects of Linkedin. The paradigm of online recruitment is even older than Web 1.0, going back to an era before the dot.com boom (remember how monster.com or dice.com were 'hot' even a decade ago?). At least in this illustration, 'web 2.0' seems to be the same old wine in a new bottle… Of course, there are perhaps other cooler examples that I need to catch up on.

Which takes us back to what Bob was alluding to: the technologies that enable collaboration certainly exist, and web 2.0 tools are ‘cool’ … but the paradigm of sharing insight and knowledge for a quid-pro-quo that deal architects, consultants and analysts thrive-on is yet to move to the cyberworld. And when that happens…

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