The benefits of E2.0 spread further than you think.

As you saw in a previous post, businesses who adopt E2.0 technologies have potential to expand their company’s ROI. Now, with Oracle’s final report on this study, Enterprise 2.0: Driving Creativity, Productivity and Collaboration, we can see that the benefits of E2.0 extend far beyond monetary value.

Not only do pre-E2.0 technologies take longer to use when employees have to search for information in a number of different spots, but the study found that employees currently have to access over five different applications to complete their weekly tasks. It’s no wonder people feel overloaded with information!

Another finding stated that 40 percent of employees who use social networks in their personal lives said that these ways of communicating are easier to use and understand than those that they use in their workplace. So, when we put two and two together, we can see that the key to E2.0 is about integrating the attractiveness of social networks with the professional environment of a workplace.

By creating an internal wiki or blog, companies can provide their employees with a single place to collaborate with coworkers to get questions answered and conversations noted faster than traditional email-based ways of communicating. Since the majority of users already use social networks in their personal lives, they will already have familiarity with these technologies. Furthermore, using internal blogging or a wiki can help spread valuable knowledge and prevent its loss when employees leave the company.

One last point to drive home: weed out the old when you acquire the new. If companies only add new tools without removing any older ones, they will only end up with silos of repeated information. As explained further in Oracle’s report, businesses need to select only the one or two tools that work the best specifically for their company. This may take some trial and error, but will amount to incredible savings of time and energy when done successfully.

To find out more about how Fishbowl can help you launch your E2.0 networks, email us at [email protected].