December 2009
9 posts
The Wisdom of Crowds and the prediction markets
clipped from mckinseyquarterly.com
James Surowiecki: The Wisdom of Crowds is not an argument against experts. It is saying that you shouldn’t rely wholly on the judgment of one person or even a very small group of people. But for a crowd to be smart, it needs to satisfy certain criteria. It needs to be diverse, so that people are bringing different pieces of information to the table. It needs to...
How companies are benefiting from Web 2.0:...
clipped from mckinseyquarterly.com
Looking ahead
Web 2.0 use by companies seems to be developing hardy roots. Over half of the companies in this year’s survey plan to increase their investments in Web 2.0 technologies, while another quarter expect to maintain investments at current levels.
Among respondents whose companies have gained measurable business benefits from Web 2.0, the current...
How companies are benefiting from Web 2.0:...
clipped from mckinseyquarterly.com
[…] successful adoption requires that the use of these tools be integrated into the flow of users’ work (Exhibit 5). Furthermore, encouraging continuing use requires approaches other than the traditional financial or performance incentives deployed as motivational tools. In the Web community, status is often built on a reputation for making meaningful...
How companies are benefiting from Web 2.0:...
clipped from mckinseyquarterly.com
Comparing respondents’ industries, those at high-technology companies are most likely to report measurable benefits from Web 2.0 across the board, followed by those at companies offering business, legal, and professional services (Exhibit 3). Companies with revenues exceeding $1 billion—along with business-to-business organizations—are more likely to report...
How companies are benefiting from Web 2.0:...
clipped from mckinseyquarterly.com
This year’s survey turned up strong evidence that these advantages are translating into measurable business gains (Exhibit 1). When we asked respondents about the business benefits their companies have gained as a result of using Web 2.0 technologies, they most often report greater ability to share ideas; improved access to knowledge experts; and reduced...
