1. Enterprise Social Business Transformation
Deriving Maximum Value From Social Technologies Across The Enterprise
Intranet Global Forum
October 8, 2014
SCRIPT:In its report on “The Social Economy”, McKinsey stated that the use of social technologies to improve communications and collaboration within and across the business enterprise could contribute as much as two-thirds of an estimated $900 billion to $1.3 trillion dollar value to business by 2016.
But, in order to capture this value, companies will need to transform their organization structures, processes and culture to become “network and people centric” to enable more seamless connection and collaboration among employees, clients and business partners
So the value is real, if you know how to exploit it
SCRIPT:
Companies face common business challenges, which are: (read bulleted list on the slide)
Social technologies offer powerful solutions to address these challenges
SCRIPT:These are four examples where social technologies can make an immediate difference. (Go through four boxes conversationally as described in the script below.)
Innovation – Companies are looking to differentiate their capabilities in the market. They want to leverage social technologies to facilitate ideas that can lead to new and refined innovations, and take those innovations to market more quickly. Companies are eager to fulfill customer expectations for higher levels of engagement and collaboration.
Workforce – Workforce expectations are changing. Employees are looking to leverage social technologies to facilitate connection, improve collaboration and advance learning to propel their careers. Employers are looking for ways to attract the future workforce, increase worker efficiency and systematically capture critical knowledge from employees throughout their lifecycle with the company to mitigate loss of IP.
Collaboration – Companies are looking to increase operating efficiency by reducing the time employees spend looking for information and expertise. They want to create a collaborative cross-organization community ecosystem that will foster knowledge sharing, collaboration, innovation and learning.
Infrastructure - Companies want to take advantage of social technologies, in particular Unified Communications, to replace obsolete technologies such as PBX systems and eliminate high telecommunications carrier costs. Companies are also concerned about the proliferation of BYOD devices and use of off-the-grid tools and information security that may put the company at risk.
SCRIPT:
1. These results from McKinsey are very compelling.
2. Our own internal experience substantiates them.
3. However the key to deriving this value rests in adoption .
4. We will cover that in the next few slides.
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Detailed explanation:
These numbers came from McKinsey and we have also validated them through our own internal deployment of social technologies.
Innovation: More transparency and crowed-sourcing of ideas has resulted in an increase of 28% in the number of successful product innovations and a reduction of 29% in the time to take new innovations to market.
Collaboration:Social Collaboration has improved the speed at which employee can find and access internal experts by 52% and increased access to knowledge and information by 74%. This is significant, as studies show that the average worker spends more than 1.5 hours a day searching for information and expertise to execute daily work.
Workforce:Social technologies are improving the workplace experience. Employee satisfaction is up 41%, which means higher retention rates. Employee productivity is increasing on the average of 20-25% across all companies and business sectors.
Infrastructure:Social technologies are helping companies to drive down infrastructure and communications costs, specifically in the area of Unified Communications (real time connection, voice and video conferencing). Companies that replace obsolete telecommunications infrastructures with new social technology solutions are reaping savings of 50-50% in Telephony costs and 5-30% in travel costs, depending on the size of the company. As an example, at Unisys, we are saving more than $5.2 million dollars per year in telephony costs associated with our UC implementation.
SCRIPT:
We have some hard-won insights and lessons to get to the value of enterprise social business transformation.
Here is a sneak peak at these five areas of focus that must be addressed in order to drive adoption and use.
If you do not address these, you will never achieve measurable benefits from your social business implementation.
It’s a fact – of all the companies who have transformed to a social business platform, only 17% have achieved an adoption and use rate of over 75%.
Unisys is one of the 17%. We have cracked the code on leveraging this game-changing technology.
We are now helping our clients achieve the same success.
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Team Education and Learning Purposes Only
Leadership and Strategy - Lack of strategic vision, senior leadership and stakeholder alignment, inability to define a compelling business case for change and ROI, inadequate resourcing and underestimating the use of social technologies across the enterprise, position transformation to fail.
People and Culture. We must keep in mind that Social technologies are just an enabler. Employees and the culture of the company are what drives the success of the new collaborative environment. Lack of stakeholder and manager involvement and demonstrative use, poor awareness and change communications, and inadequate training for varying levels of social savvy among employees will significantly impact overall success. Without a people and culture transformation plan, adoption and use will stall around 30% and ultimately cause the program to fail.
Policy and Governance – Lack of social media policy and governance can put companies at risk. Employees must understand the appropriate use of social technologies within the enterprise as well as on the company’s external .com and social market channels. Companies must be vigilant in proactively monitoring the social business landscape so as to be in a position to manage incidents with the least amount of impact to the business.
Technology and Tools – A proliferation of unapproved devices, use of off-the-grid tools, without IT’s knowledge impacts the infrastructure, operational reliability and puts companies at risk. Defining device requirements, performance standards and security around the new social environment is of paramount importance.
Knowledge Management - Even the most state-of-the-art social technology platform will underperform if key foundational elements of knowledge management are overlooked. Established Enterprise Content Management processes and practices such as knowledge architecture, metadata standards, taxonomies, archiving, and the systematic capture, tagging and repurposing of knowledge and information are critical. Search engine fine tuning and subscription capabilities are essential to maximize end-user experience.
SCRIPT:1. The external and internal use of social technologies have converged creating an integrated social sphere.
It is important for companies to understand how both intersect in order to harness the power of social technologies to improve connection and collaboration among employees clients and business partners.
Companies that harness the power of this new social business sphere will become more efficient and agile and gain a competitive advantage over companies that do not embrace this game changing technology.
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Team Education and Learning Purposes Only
Detailed descriptions of each area of the sphere is listed below for education and reference for the team and how to speak abou each of the areas, should you be asked. This is not part of the scripted presentation
The structure of the sphere brings together the .com and external social market channel environment (LinkedIn, Facebook, YouTube, and Twitter) shown in the outer green ring, where companies engage with clients, business partners, media and marketing analysts to build their brand and generate revenue, with an extranet environment (shown in the yellow area behind the first red firewall ring) for secure collaboration with clients and business partners, an the intranet environment (shown in the yellow area behind the second red firewall ring), that provides secure access for employees to company information, knowledge, intellectual property and collaborative workspaces. Within this intranet environment, social technologies also provide the capability for closed or private communities where groups of employees can collaborate on confidential or classified projects.
Companies that harness the power of this new social business sphere will become more efficient and agile and gain a competitive advantage over companies that do not embrace this game changing technology.
SCRIPT:
Thank you for your time today. If you would like to read some of our materials that more fully describe our service offerings, industry-specific briefs and white papers on how
social technologies are being used to solve critical business issues. We welcome you to visit our website at www.unisys.com/usb