News Update – Best of the Day

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What is the effect of web 2.0 technology on business results? It seems to be proven that it increases business results. This is the main insight that the latest survey by McKinsey offers, derived from asking more than 3.000 business executives. 31% of the respondents whose companies use six or more Web 2.0 technologies increased market share above their nearest competitor compared to 20% of respondents using just one or two technologies. 60% indicated that Web 2.0 had some impact on bottom-line profitability. From a technology usage perspective these decision makers favor Social Networking (63%), Blogs (48%), Video sharing (42%), Wikis (35%), and Podcasts (32%). See more results in this post by Michael Hamlin.

BUT… New findings of studies show the importance of freshing up relationships and networks by meeting offline – and not only staying in touch (via email and social networking) with friends and business contacts in the social digital space. While we may be gaining time with social web technologies, we cannot rely on their connecting power. The quality of relationships may suffer from too less offline networking, says the TIMES Magazine.

Nevertheless, when looking back at our social web activities in 2020, 85% of Americans will say that web socializing -the way we know it today- has impoved their lives. This is the result of a Pew Internet study.

Could be interesting to see how the rest of the world would evaluate web socializing in the future. Don’t you think?

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  1. Tweets that mention News Update – Best of the Day -- am 08.07.2010 10:08 

    […] This post was mentioned on Twitter by Martin Meyer-Gossner and CDM München. CDM München said: RT @thestrategyweb: Studies:Web 2.0 drives market share-needs offline refresh 4 leverage-web socializing improves lives […]

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