Showing posts with label social enterprise. Show all posts
Showing posts with label social enterprise. Show all posts

SMAC Expert Video Series: Digivizer's CEO Emma Lo Russo

I had the good fortune to participate on two panels with Emma Lo Russo, CEO and SMAC expert at Digivizer yesterday at the Cognizant Community Sydney 2013 event.  Digivizer's mission is to deliver the digital footprint of the people you know and the people you really should know.  I find the topic of digital footprints incredibly interesting, and hope you do as well!

Video Link: http://www.youtube.com/watch?v=WVDWoQ7U3u0&feature=share&list=UUGizQCw2Zbs3eTLwp7icoqw



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Kevin Benedict, Head Analyst for Social, Mobile, Analytics and Cloud (SMAC) Cognizant
View Linkedin Profile
Learn about mobile strategies at MobileEnterpriseStrategies.com
Follow me on Twitter @krbenedict
Join the Linkedin Group Strategic Enterprise Mobility
***Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I am a mobility and SMAC analyst, consultant and writer. I work with and have worked with many of the companies mentioned in my articles.

Swarming, Mobility, Speed and Digital Disruptions


Digital disruptors like social media, mobile communications, analytics and cloud services are introducing crazy new dynamics into our world.  These dynamics are impacting our industries, markets, businesses, management disciplines, politics and even our culture today.  I believe we have only just begun to recognize some of the impacts of these disruptions.   

We use Facebook to schedule the protests, Twitter to coordinate and YouTube to tell the world. ~ Egyptian Activist

One of the impacts of digital disruptors is the increasing emergence of swarming or swarm intelligence. Here is a definition, “Swarming involves the use of decentralized forces against an object or opponent, in a manner that emphasizes mobility, communication, autonomy and coordination or synchronization.” ~ Wikipedia

Swarming, although perhaps unrecognized, is precisely what the Egyptian Activist was referring to in the above quote.  The ability for autonomous or semi-autonomous groups to work closely together because of mobile communications, social media and the ability to coordinate or synchronize one’s actions, locations, status and intentions to accomplish a joint goal.

Swarming can be a powerful force multiplier as well, where fewer resources, with mobile communications, social media, good intelligence and coordination can accomplish more than by working alone and uncoordinated.

Nearly every day we witness demonstrations of how spontaneous social media based campaigns are changing our world.  We see companies changing policies and practices due to near-real-time feedback from the market swarm.

In the new book from Forrester Executive, James McQuivey, titled Digital Disruption, he describes how to embrace digital disruptions using what I view as a swarm strategies, "Abandon traditional 'return on investment' metrics and instead, for digitally disruptive initiatives, adopt ROD—'return on disruption.' Where the goal in ROI is to generate a known return from a known investment, the goal in ROD is to invest as little as possible, placing quick, cheap bets on the initiatives with the largest possible breakout success."  Once you see a success, swarm it! Communicate it!  Synchronize around it!  Invest in it.  Run with it.

I see the same approach emerging today in marketing.  Let’s try a variety of approaches to marketing and once the successful ones emerge, invest in them.  

There is so much we don’t know.  There is so much happening at such a fast pace in social media that we cannot effectively plan for or anticipate.  New management strategies, such as swarming, must emerge to address this rapid pace of change.
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Kevin Benedict, Head Analyst for Social, Mobile, Analytics and Cloud (SMAC) Cognizant
View Linkedin Profile

Read the whitepaper on mobile, social, analytics and cloud strategies Don't Get SMACked
Learn about mobile strategies at MobileEnterpriseStrategies.com
Follow me on Twitter @krbenedict
Join the Linkedin Group Strategic Enterprise Mobility

Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I am a mobility and SMAC analyst, consultant and writer. I work with and have worked with many of the companies mentioned in my articles.

Mobility is the Conduit of Business Transformation

This week I am teaching mobile and social strategies and will be visiting four countries in four days.  This type of schedule is a blur of airports, meeting new people and learning more about how mobile and social solutions are being used in the real world.  While on these trips I have a lot of time to ponder on flights.

I have been thinking a lot lately about the the word conduit - a means by which something is received and/or transmitted, as a useful way of describing mobile devices.  Mobile devices are a conduit for voice communications.  Mobile devices are a conduit for social networks.  Mobile devices are a conduit for email, news, data collection, photos/videos, and now as e-wallets and mobile payments.  So much of our lives are now run through this conduit.

In the last couple of weeks I have spent time with over a dozen companies keenly interested in the impact of mobility and social trends on their business.  In each case, the impact will be different, but significant.  In many cases the impact of these trends will be monumental.

Let's talk about retail financial services for a moment.  In the book Bank 3.0 by Brett King, he states, "Retail financial service brands today are a collection of experiences, increasingly defined by multichannel interactions and customer discussions and debates in the social media space."  The term multichannel interactions means communicating with a bank or other retail financial services company through a variety of different means including online, call centers, mobile, ATM (machines), physical offices, etc.  Increasingly, however, these interactions are via mobile devices.

King uses the phrase a "collection of experiences" to describe a financial services company's interactions with customers and prospects.  These experiences, often via online and mobile, are now the discussion of the blogosphere and social networks.  As a result, it is critically important that companies invest time and money to ensuring these experiences are the best they can be.

Social networks are accelerators for good or bad.  If something good happens, the world can know about it in seconds.  Likewise, if something bad happens the world can know about it in seconds.  The rules of the PR game have changed.  Increasingly people go to their networks for recommendations rather than to the manufacturer of the product or the provider of a service.  They trust their networks more than the companies providing the product.

Companies need to operate their businesses and invest in their businesses to meet their customers via the channels their customers are using.  If customers are moving away from visiting physical buildings and preferring to interact with a company via a mobile app, then companies need that mobile app to be the very best possible.  Companies that resist supporting the interaction channels preferred by their markets are in trouble.  If you work for one of these companies - right the ship.
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Kevin Benedict, Head Analyst for SMAC, Cognizant
Read The Future of Work
Follow me on Twitter @krbenedict
Join the Linkedin Group Strategic Enterprise Mobility
Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I am a mobility and SMAC analyst, consultant and writer. I work with and have worked with many of the companies mentioned in my articles.

Measuring the Value of Social and Mobile Solutions in the Enterprise


"The impact of new technologies is invariably misjudged because we measure the future with yardsticks from the past."  Stephen Baker

How does one measure the value of mobilizing and socializing an enterprise?  In the book Social Business by Design: Transformative Social Media Strategies, written by Dion Hinchcliffe and Peter Kim, they report that in 2010, McKinsey and Company published survey results of companies engaged in social business activities that  showed firms engaged systematically in social business processes had 24 percent higher revenue.  Frost and Sullivan found similar results showing companies that deployed social tools saw improved performance in innovation (68 percent versus 39 percent that didn’t deploy), sales growth (76 percent versus 50 percent that didn’t deploy), and profit growth (71 percent versus 45 percent that didn’t deploy).  From those results it appears something good happens to companies when they embrace the social business concept.  I think it is too early to say exactly how these improvements happened, but at this stage it is simply important to recognize the correlation.

Measuring the ROIs for mobile and social is difficult.  We know the exercise of determining an ROI is useful in order to set priorities, but most of us, down deep know these innovations are important and necessary even if we cannot exactly identify the ROI.  They have significantly changed the way we all communicate in our personal lives, and they are guaranteed to change the way we communicate in our work lives as well.  These innovations are changing the very way business is done.   At the least we should be studying these trends and engaging in pilot projects.

Some of the most significant changes social and mobile technologies are making in the enterprise today are based on:
  • faster communications
  • more open exchanges of ideas
  • reduced communication channel hierarchies that prevent open communication
  • communication accountability - names are associated with ideas
  • faster identification of problems
  • knowledge exchange
  • more collaborative decision-making
  • shared situational awareness
  • data-driven decision-making
What is the value of having enterprise-wide situational awareness?  What is the value of being able to see an entire project or account discussion in one collaboration site?  What is the value of eliminating artificial barriers to ideas and innovations?  It is a whole new way of doing things and we may have to develop new yardsticks for measuring these capabilities.
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Kevin Benedict, Head Analyst for SMAC, Cognizant
Read The Future of Work
Follow me on Twitter @krbenedict
Join the Linkedin Group Strategic Enterprise Mobility
Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I am a mobility and SMAC analyst, consultant and writer. I work with and have worked with many of the companies mentioned in my articles.

SMAC News Weekly - Week of November 4, 2012

This is the first edition of our new SMAC newsletter.  I am a SMAC (social, mobile, analytics and cloud) analyst and am studying this subject daily and wanted to share the best excerpts of interesting information I come across each week.

Each of us are impacted by SMAC daily.  Which of us does not use our mobile devices?  Which of us does not access social networking solutions like Facebook, Twitter and Linkedin regularly on our mobile devices?  Which of us does not utilize search engine analytics, investment portfolio analytics, maps and turn-by-turn navigation all of which use analytics and are in the cloud?  SMAC is the combination of all of these trends coming together on mobile devices.  This convergence is impacting businesses in many different ways.  We will do our best to capture these by reporting on the SMAC trends, numbers and forecasts in this weekly newsletter.

A recent study by Hypatia Research Group found that nearly 60 percent of the respondents plan to dedicate between 1 and 2.9 percent of their annual marketing budget to social analytics next year. Slightly more than half (52 percent) will invest between 3 and 4 percent of their annual marketing budget on social analytics.  Read Original Content

With an eye on moving deeper into the cloud, BMC Software has expanded its alliance with Amazon Web Services to deliver a cloud services and cloud management portfolio that will give enterprises fast and easy access to the power of the AWS cloud. Read Original Content

According to Gartner, big data is predicted to have a big impact on enterprises and the IT job market, with big data demand reaching 4.4 million jobs globally by 2014. Read Original Content

While social, mobile, analytics and cloud technologies are impacting all enterprises, to fully maximize their value it is useful to consider the sum is greater than its parts. The formula is called SMAC - social, mobile, analytics and cloud on one integrated stack, where each function enables another to maximize their effect.  Cognizant, is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses.  This newsletter is sponsored in part by Cognizant.

The Asia/Pacific Big Data technology and services market is expected to grow from US$258.5 million in 2011 to US$1.76 billion in 2016, on the back of a 46.8 percent five-year compound annual growth rate.  Read OriginalContent

The National Football League and SAP AG announced a new multiyear marketing sponsorship thatswill make SAP the Official Cloud Software Solutions, Business Software and Business Analytics Software Sponsor of the NFL.  Read OriginalContent

IDC estimates the market for big data technology and services will grow at an annual rate of nearly 40 percent to reach $16.9 billion by 2015. Read Original Content
Researchers at Xerox have designed algorithms and implemented dynamic parking systems in Los Angeles that change the way we park. Through the application of analytics to Big Data, Xerox is answering important questions about congestion, our reaction to it, and how city governments most effectively can provide services to address this and related needs. Read OriginalContent

At Teradata Partners Conference 2012 held this week near Washington D.C., Simon Zhang’s talk on “Data Sciences and Analytics Evolution @LinkedIn,” provided many useful insights for organizations wanting to expand into the space of decision making using Data Analytics built on Big Data ecosystems. Read Original Content

IBM Australia will pour millions of dollars into a new cloud computing offering for the enterprise and government sector. ReadOriginal Content

Research from the Harvard Business Review found that data analysis is growing and producing "tangible improvements”. Around 75% of the 700 asked said that they rely on data to make faster decisions and 40% said that big data analysis has improved their business. Read Original Content
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Kevin Benedict, Head Analyst for SMAC, Cognizant
Read The Future of Work
Follow me on Twitter @krbenedict
Join the Linkedin Group Strategic Enterprise Mobility
Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I am a mobility and SMAC analyst, consultant and writer. I work with and have worked with many of the companies mentioned in my articles.

Enterprise Mobility a Mighty Shift

In an article in the New York Times Tuesday, October 23, 2012 titled In Mobile World, Tech Giants Struggle to Get Up to Speed, authors Claire Cain Miller and Somini Sengupta write about the massive impact that the "rise of mobile devices" has caused the high tech industry.  Many of the traditional powerhouses of technology including Google, Intel and Facebook are struggling to find their footing in this mobile tsunami.

Industries such as books, music, hotels, TV, PC manufacturing and electronics of all kinds are being forever changed or eliminated.  Forrester Research analyst Charles S. Golvin is quoted in the article as saying, "Companies are having to retool their thinking..."  We must ask ourselves, "What is it that our customers are doing through the mobile channel that is quite distinct from what we are delivering them through our traditional Web channel?"

Social is right there with mobile.  They are growing hand in hand and benefiting each other.  Today, 6 in 10 Facebook users are accessing it through the web.  In fact, eMarketer reports that people using mobile devices for surfing the web, using apps, playing games and listening to music more than doubled in the last two years to 82 minutes per day.

Mobility is causing a mighty shift in so many things.  Has your team thought about how to respond to this shift?  Is mobility and these mighty shifts on your 2013 strategy session agendas?  Are you considering this shift while developing your budgets for 2013?

The authors of this article also said mobility is able to change so much so quickly because the web already exists.  The web, and wireless connectivity to it, are what makes all these changes so quick and potent.

I teach workshops on mobile strategies and SMAC - social, mobile, analytics and cloud.  In the enterprise space today, it is hard to separate the components of SMAC.  They are really a convergence of all four parts.  Just think about using your smartphone to search for a restaurant.  You are using a mobile device, with search analytics, you may access Yelp, a search engine/social site for reviewing restaurants, and it is all in the cloud.

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Kevin Benedict, Head Analyst for SMAC, Cognizant
Read The Future of Work
Follow me on Twitter @krbenedict
Join the Linkedin Group Strategic Enterprise Mobility
Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I am a mobility and SMAC analyst, consultant and writer. I work with and have worked with many of the companies mentioned in my articles.

Interviews with Kevin Benedict