Posts Tagged ‘value’

Has Social Media Become Too Social

Tuesday, May 4th, 2010

As social media perpetuates through the enterprise the question becomes “Has social media become too social?” The use of social media is now fairly common in enterprises that allow and encourage social media as either part of their online or customer service strategy and have people gone overboard?

Social media sites such as Twitter, Facebook, Foursquare, Buzz and Linked In are serving their purpose. Is it really necessary for people let everyone know what they are doing every moment of the day and how annoying has it become?

As a business user of these social networks when we are involved in a group of users with common interests one of the reasons you join a social media group does it bring me value as another business to know you are at the Starbucks or Walmart or when speaking to an influential person or organization, does it value the other users of the group? From a business point of view it makes not much matter to other businesses within the group. If the outcome of who you were speaking to is interesting that can be worth sharing or something interesting or valuable that can inform a business of some type of value for food for thought or an interesting piece of information that might help them in running their business are of value. How to articles are of value, guides, whitepapers,some video and podcasts with specific content, articles that enlighten new trends and strategies that can be detrimental on how you plan your own business strategy are and interests that the group has in common. Aren’t some of the goals of social media to enhance business effectiveness, investigate new ideas, explore new life experiences

It has come to the point where thieves are using these social media sites to find their next targets as people report or check in as to what they are doing. It is of no consequence to anyone outside of your circle of friends that you are going to see a movie tonight but thanks for giving unscrupulous characters free access to let people know you are not home. Isn’t that why you used to ask your neighbor to watch your place when you are away?

On the plus side, twitter has also been used to break stories, give real-time updates and even save people from disaster.  Does this benefit outweigh the negatives.  In the case where the young lady was actually killed by a stalker due to the access he gained through a social network because of the extent of the profile and not managing your online identity was definitely a case where this went too far.  Does social media interaction also make participants more prone to identity theft ?  These are all questions that will surely be answered as this medium ages.  On that point, will social media interaction decline if there is too much risk and it loses it effectiveness if too much “noise” is generated and when will people start to tune this out ?

Is this social behavior part of the evolution of social networking ?  As more sites evolve and come into existence new applications will surely develop and surely evolve new types of interaction which may cause social media to reinvent itself yet again.  What makes a social network “current” as shown by the decline of MySpace or was that the flavor of the month for social networks too ?

As can be seen, this space has seen a rapid rise to popularity and is evolving everyday.  When considering the marketing plans for your business be sure to think about the image you or your company would like to portray and build your brand accordingly.  As all businesses may not fit the traditional types of social media.  ERP and software vendors both in-house and cloud have taken notice with the release of Chatterbox, Streamworks and the like.

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The evolution of Analyst Firms

Tuesday, February 16th, 2010

As organizations look to analyst firms for guidance often little is offered. Analyst firms of today just validate a decision you have already made and comment on market conditions . As Dennis Howlett says in his post it is time re-evaluate The future of the IT Analyst Game
It is time for analyst firms to evolve their business models and add value to the organizations that are looking for more than to validate an already made decision.  One of the problems with Analyst firms today is they comment and research technology which is useful but it must also be coupled with valuable business insight and real world experience.  The real world experience plays an important part especially by bringing actual project management and product expertise which they are very knowledgeable about which can offer advice and counsel of what to look out for during selections, negotiations and even implementations.

Many of the Analyst firms today are based on the 80/20 model of which 80% of revenue comes from vendors while only 20% comes from organizations.  Analyst firms need real products and services so that the customers they do have can derive valuable information towards things like pricing negotiation, project pitfalls, project planning and implementation experience to draw upon when counselling end users.  As a Business Architect and Business Analyst and Project Manager with real world experience we are the new breed of Analyst/Consulting firm.

At Eval-Source we not only add value to the customer through strategic consulting if they would like but combine the business knowledge with technology solutions that solve what the organizations was originally looking for.  Guidance with business expertise coupled with technology experience mixed in to steer the company to the best possible outcome whether it’s for software evaluation, benchmarking, investment evaluation, outsourced procurement or any other services that they are capable of offering. Our buy-side advocacy ensures that organizations get the best value for the consulting they pay for with real qualitative actionable results.  These expertise have resulted in tangible products for organizations to gain from our experiences that drive immediate value.  We will also be introducing evaluation consulting catered towards the SMB market specifically to allow them to get the best value for their money and the best solution for their company.

Now that Gartner has acquired AMR and gained quality supply chain expertise in the process will they be able to translate that to a changing business model that targets organizations ?  Are organizations devaluing the Gartner recommendations as the pay to play model is being closely examined by companies and not finding much value in the magic quadrant as suggested?   Will there be further consolidation in the Analyst market to force organizations that will only be left with one source to purchase research ?

We will have to see where the market will eventually evolve to, however the new breed of Consulting/Analyst firms should take note and try adapt by possibly being ready for what may become a more end-user oriented arena.  Analyst such as Ray Wang at the Altimeter Group, Dennis Howlett, Vinnie the Deal Architect, Thomas Wailgum are all ERP advocates for the customer side, is this the new trend that will become the new model.  With the ERP advocates gaining steam we are changing the dynamic of software is bought and sold so that there is a win-win for everyone involved.

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