Web 2.0 is about harnessing the potential of the Internet in a more collaborative and peer-to-peer manner with emphasis on social interaction.

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April 10, 2008

Practice Before You Preach

Posted by Ajay Kolhatkar 

The earlier post is a good example of what is not a blog.Embarassed. It obviously didn't come out as one had expected it to be. It reads more like a news article, or for that matter even an "advertorial". While the intention was to share one's experience in sharing the Infosys research with senior folks from Fortune 1000 organizations, it does seem to have converted into a news article and lost that personal sharing tone. I was actually talking about this kind of a faux pas in the same workshop. Some attendees of the workshop talked about how some of their employees can not make out the difference between a news insert and a blog and I had said that if we approach blogosphere with the same mindset as that of a PR and Corporate Communications these kind of blunders are bound to happen. And just to prove me right, they happened with me. Smile

Anyways lessons learnt and we are ready to move ahead. This time I would like to share some questions raised and discussions around the same.

Several interesting questions came up. Many of them dealt with the controls and regulations around corporate internet access. Many attendees accepted that changes happening in the WWW would really be influential, yet conceded that their organizations had strict controls over access to social media and networking sites from their corporate network. Other questions dealt with the cultural readiness required at corporate level to adopt some of these changes. And then there were the regular questions about how to deal with security and privacy issues.

Let me share my views and some discussions on the first question.

While many of the restrictions are attributed to the inherent security risks as well as burdens on the network traffic, they do impose serious restrictions on the employee’s, and in turn the organizations’ awareness about the game changing shifts happening in the marketplace. Many organizations are blissfully unaware of how separated they are from their customers and how fast smaller, yet nimble, players are taking their customers away. 

So the fact that smaller players will adopt some of these technologies first is a given, because that is how they will create a niche for themselves and then battle it out with the goliaths. However, as Louis Gerstner of IBM puts it “Who says Elephants can’t Dance”. When the large organizations do see the impact of emerging technologies they adopt it, either by developing things in-house or simply by acquiring the nimble players. And we have seen this happen time and again (for example Google’s acquisition of YouTube).

During the presentation, one of the attendees, a senior person representing a very respectable financial services company, after attentively listening to all that i had to say, asked, “We understand some of this is important, but our organization has strict restrictions on social networking and media sites, so how do you think things will evolve given such restrictions”. My simple answer was that they will have no choice but to adopt these disruptive changes if they have to grow. I then cited half a dozen or so pure online financial services providers like www.zopa.com ; www.communitylend.com; and www.wesabe.com who are dramatically changing the rules of the game. While things are still in their infancy and we have a long way to go as far as issues about security and financial soundness of such concepts, the fact remains that it has caught the interest of some people who are willing to take the risk to be those early movers.
 

I will share some more discussions and insights in my subsequent post.

April 08, 2008

Infosys Web 2.0 Metrix shared at The Conference Board NY meet

Infosys recently co-hosted a meeting of The Conference Board in New York on March 13,, 2008. The meeting, co-chaired by Peter McLaughlin from Corporate Marketing, was a day-long congregation of senior communications executives from Fortune 500 companies across Cosmetics and Personal Care, Financial Services, Telecom, IT, Transportation and Logistics, Consumer Goods, Energy and Utilities, and Educational Services industries.

Dr. Ajay Kolhatkar from Web 2.0 Research Lab, SETLabs presented our research in the area of Web 2.0 Metrix. He briefly covered the impact of emerging web technologies on enterprises and then went on to explain the Web 2.0 Metrix.  

The presentation focused on Web 2.0 Metrix, a patent pending  approach of benchmarking the Web 2.0 initiatives across enterprises. The Web 2.0 Metrices are based on three high level parameters of Content, Collaboration and Commerce. These parameters are further broken into sub parameters that capture Web 2.0 features. A scoring model is used to arrive at a composite score for each of the primary parameters.

The motive behind creating the Web 2.0 Metrix was to objectively assess industry best practices and arrive at recommendations for Web 2.0 initiatives in client organizations. Currently, the Web 2.0 Metrix covers over 1,250 companies across the categories of Retail, Financial Services, Insurance, Online Media, High Tech Manufacturing and Courier / Express industries.

The presentation generated a lot of excitement and the audience members were keen to know how to access this research. Some key audience questions related to:

  • The methodology, relevance and recency of the research.
  • Identifying the optimal balance between Web 2.0 features that would make a website user friendly vis-à-vis other factors such as bandwidth requirement, time to load
  • Where and how did their organizations figure in the Web 2.0 Metrix?
  • How does this Web 2.0 Metrix get updated and at what frequency?
  • Was this research available in the public domain in the form of a report?
  • What did the organizations on top of the pack in the Metrix do differently?
  • How can our organizations leverage this research? 

The presentation was very well-received and the speakers for the session that followed Ajay’s session thanked him for setting a sound basis for subsequent discussion on social media and the likes.

Appreciating the research, Dick Badler, Program Director – The Conference Board, observed, “Dr. Kolhatkar did an excellent job of walking through this vital Web research, and illuminating where the strengths and gaps in on-line social networking are today.  His research has led us to explore many other areas of Web 2.0 that we are already planning for other sessions.”