IBM notes that 61 percent of the Fortune 100 are already licensed to use IBM's social business technologies. These technologies connect employees globally and analyze Big Data from sources such as Twitter, Facebook, blogs and public forums. The goal is to help enterprises react swiftly to customer trends and stay ahead of the competition.
According to Forrester, organizations that apply analytics to their data for competitive advantage are more likely to substantially outperform their industry peers. Forrester has identified social business as an emerging business category, with the social technology industry growing to $6.4 billion by 2016.
What's more, according to a recent IBM CEO study, 70 percent of companies surveyed cited human capital as the single biggest contributor to sustained economic value. And at the same time, social media and predictive analytics have emerged as valuable tools for chief marketing officers. A survey of CMOs by IBM found that 82 percent planned to increase their use of social media over the next three to five years to communicate with their clients.
"Social business has transitioned from being an emerging idea to a fundamental platform that clients everywhere are using to change the way they empower their employees and engage their customers," said Alistair Rennie, general manager of Social Business at IBM.
IBM's new software and cloud-based services include a new Web-based social networking environment that offers human resources leaders a way to recruit and bring on board new employees, while giving employees access to digital media and...