BIZTECHBUZZ in the world of social, cognitive, IoT and startups

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Hilton masters SoMo! #mobile #socbiz #ibmsocialbiz #ibm #hilton

This week’s theme is SoMo….which is the Social and Mobile codependency!  The example is Hilton.  Hilton Worldwide drive real business value, including:

1.Improved overall guest experience
2.Drive down cost
3.Set a standard for how hotels should be

Check out the Hilton iPad Custom Apps that drives competitive advantage – Virtual Concierge Application.   It features 

•Room-service menus (plus the ability to order food),

•Spa and fitness information (plus the ability to book appointments)

•Transportation, maps, & valet-parking information

including all the things you’d find on a printed compendium in the guest room desk drawer, such as room-service menus (plus the ability to order food), spa and fitness information (plus the ability to book appointments), transportation, maps, and valet-parking information. “If somebody wanted dinner, they could navigate to the menu portion of the app, look at images of the food, add it to their cart, click “check out,” and it would arrive at their room just as if they’d picked up the phone and ordered it.

SoMo: Leading Black Friday (or Thursday!) #socbiz #ibmsocialbiz #ibm

From our latest IBM Retail study, this Black Friday will be very SoMo focused!

Starting on Black Friday (or Thursday), an unprecedented 15 percent of people in the U.S. will log onto a retailer’s web site through a mobile device. 

IBM reports that in October nearly 11 percent of people used a mobile device to log onto a retailer’s site, up from 4.2 percent in October 2010. Additionally, mobile sales continue to increase, reaching a high of 9.6 percent in October 2011, up from 3.4 percent in October 2010.

One of the new trends expected to take place is among Android users. And for the first time, the growing number of Android users will demonstrate similar levels of mobile shopping as iPhone users. These October 2011 numbers show iPhone accounting for 4 percent of mobile traffic and Android 3.5 percent. The iPad will also play a big role in holiday shopping this season. In October, iPad conversion rates reached 6.8 percent as compared to the overall mobile device conversion rate of 3.6 percent.

IBM also says that mobile shoppers will display a laser focus on buying this season that surpasses that of other online shoppers with a 44.2 percent bounce rate on mobile devices versus online shopping rates of 37.3 percent.

Social influence, mainly from Facebook, will also play an increased role in the buying process this holiday season. According to October conversion rates, 9.2 percent of consumers that visited a retail site from a social media site made a purchase. This compares to 5.5 percent of all direct online shopping last year.

All signs point to this holiday season being a big one for SoMo!!!

 

Hot off the presses – New IBM Study on SoMo! Social Mobile! #mobile #e20conf #ibmsocialbiz

The 2011 Tech Trends Report surveyed more than 4,000 Information Technology (IT) professionals from 93 countries and 25 industries who provided their views on future IT trends. The results also show a growing need for technical skills in the areas of business analytics, social business, mobile computing, open source technologies and cloud computing. Read the report at:  http://www.ibm.com/developerworks/techtrendsreport, share your opinions at #TechTrends and see what IBM experts are saying about the findings at: www.youtube.com/IBMEcosystem

The world has gone mobile and that means big opportunities for developers, business partners and entrepreneurs.

· Everyone’s doing it: Three of four survey respondents are currently working in mobile computing

· Its an App World: The top focus areas for mobile are enterprise app development, Industry specific apps and extending mobile to core applications

· Openness is key: The openness and ease of development make Android the platform of choice for developers (70%) vs iOS (49%)

· Region differences: The US and Russia are building infrastructure while India and China are building applications

SoLoMo: Social and Mobile 101

Social, Local and Mobile go together.  SoLoMo — it’s the buzzword du jour meaning “Social, Local and Mobile”  These days, everybody is talking about social features, local business (i.e. coupons) and mobile applications.

And at IBM, we help our clients understand how the “SoLoMo” sector can be applied to business.

In the video, I call out what IBM calls Social Business. A Social Business does more than use Twitter and put up a Facebook Fan page. A Social Business means that every department, from HR to marketing to product development to customer service to sales, uses social media the way it uses any other tool and channel to do its job.

A social business is an organization that uses social networking tools and mobile devices fluently to communicate with people inside and outside the company. It’s a strategic approach to shaping a business culture. Becoming a Social Business can help an organization deepen customer relationships, generate new ideas faster, identify expertise and enable a more effective workforce.

Social networking has had a profound effect on society, couple this with the explosion of mobile devices and new Cloud delivery models, a perfect storm of industry trends is merging that makes this the right time to move social from the hands of teens to business.

Be a part of the SoLoMo discussion and join us on Twitter using hashtag #IBMsocialbiz

Proof? 

  • 68% of social networking users do so on a mobile device
  • More than a quarter of all US adults (28%) use mobile or social location-based services of some kind (source: Pew Research Center)

Social Business Progress – From New McKinsey Report! #socbiz #ibmsocialbiz #ibm

I love the McKinsey reports on the Business Value of Social.  

The latest report was just published in October 2011.   The heaviest users of Social enjoy the benefits such as increased knowledge sharing and more effective marketing.  These benefits often have a measureable effect on their businesses.

Some of the cool experiences and facts that you could use with your company include:

Overall Usage:

  • The percentage of companies using social networking was 40 percent and using blogs was 38 percent.
  • Those who leverage Social internally, say that at least 51 percent of their employees use it. 
  • Nearly two-thirds of respondents at companies using Social say they will increase future investments compared with just over half in 2009. The healthy spending plans during both of these difficult years underscore the value companies expect to gain.

Management System:

  • The 2011 survey shows that the IT department is most likely to oversee internal Web initiatives (61 percent of respondents).
  • For customer-facing initiatives, 74 percent of respondents say that oversight falls to the marketing department.
  • For socially enabling external suppliers and partners, roughly equal numbers of respondents cite the IT, marketing, and business-development functions.
  • Financing comes from a variety of places, including the IT function, central corporate sources, and discretionary funds at the business unit level.

Results:

  • 64% percent of those using Social Internally derive benefit deploying Internally
  • 55% percent of those using Social Externally with their clients derive benefit deploying Externally.
  • 59% percent of those using Social with their partners derive benefits
  • About 50% of the internally networked organizations reported that Social is integrated into their workflow, compared to 21% of the developing organizations.
  • 3% of companies are using Web 2.0 in revolutionary ways. This elite group of organizations derives very high levels of benefits from Social’s widespread use, involving employees, customers, and business partners,
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