According to the latest survey research from the McKinsey Global Institute, it does. Of course, this is fantastic news for all those – including myself – who have spent the last few years evangelising the application of web 2.0 technologies in the workplace. Cue tweets and blog posts regurgitating same.

But before you join their throng, take a closer look at the data and methodology – not to mention the comments, which reveal a number of caveats – and you’ll see that the reality doesn’t quite live up to the hype.

1. All the data is self-reported rather than empirical and therefore subject to over- or under-estimation by respondents, some of whom are no doubt evangelists for these technologies in their own organisations.
2. The correlation coefficients are very low and don’t isolate the impact of web 2.0 technologies to show that they are the cause of any business performance indicator improvements.
3. Only ‘market share gains’ have a moderate correlation and high statistical significance, and this metric is often estimated and may not even be relevant to many organisations.
4. The correlations of variables associated with operating margin are actually very low.

So ultimately, this is a pretty inconclusive study and to claim that ‘Web 2.0 finds its payday’ seems a little misleading. It may further the debate, but it by no means resolves it as many social media proponents are suggesting.

Dennis Howlett thinks so (although he doesn’t say whether his hypothetical crock is full of gold or some other raw material).

I started writing a brief, witty response to his ZDNet post whacking anyone who dare use the term Enterprise 2.0 over the head with his stick of experience (and a touch of hindsight, which as we all know is a wonderful thing). Then I realised it would have to be a more reasoned and tempered response. After posting, I guessed that like most comments on blogs owned by big media it would be unlikely to be seen by many so here it is for your delectation. I’d be interested to know if you agree.

—

Yes, Enterprise 2.0 is a label. So was Groupware. Remember that? New things will always be given labels by the people trying to educate the market. Get over it.

So is Enterprise 2.0 trying to solve a problem? No. Because it’s just a label. Is it a thing you can go and buy? No. Because it’s just a label. Is it going to change the world? No. Because… you get the idea.

But the tech that sits under this label isn’t just about creating community, as this article seems to be implying. There ARE real business problems that this tech can HELP solve (but like any tech, not solve in itself).

Things like streamlining internal communication in businesses when information overload is the norm – in order to ensure employees are informed, engaged and motivated.

Things like getting sales people to share best practice from the field with the product and marketing people – in order to keep the product line relevant.

Things like improving collaboration amongst people who have never spoken to each other before, or work in different countries, cultures and time zones – in order to secure that vital piece of business.

Things like connecting people with each other and information (answering questions like “do we work with this prospect anywhere else in the world?” that no other piece of tech I have seen can do quite as well), and between information – in order to ensure that the company knows what it knows, what it knows it doesn’t know, and what it doesn’t know it knows.

Should tech vendors in the space start focusing on how their products solve some of these real business problems and stop evangelising Enterprise 2.0 as if it is some kind of panacea to cure all ills? Absolutely.

Is Enterprise 2.0 a crock? No. Because it’s just a label.

Not content with burning myself out last Christmas finishing my first book, Enterprise 2.0, I have just signed a contract to write my second. And this time on an even shorter timescale!

For this next title, I’ll be focusing on consumer marketing’s ugly step-child, business-to-business marketing – and specifically the application of social media principles to what has in many cases becoming a rather formulaic aspect of the communications mix. Yet when you consider that roughly one-third of searches on Google are business-to-business in nature and more than 50% of Google’s and 39% of Yahoo’s advertisers are business-to-business companies, then the importance of the Internet in the purchasing cycle cannot be overstated.

It follows then that it is no longer an option for business-to-business marketers to dismiss social media as a consumer craze, and my aim with this book is to raise the profile of successful business-to-business use of social media and help companies discover, select, integrate, exploit and measure these techniques as part of an integrated marketing strategy.

Wish me luck! And if you have any great stories of business-to-business social media marketing you would like to share, please feel free to comment.

It’s taken a while, but getting both timing and pricing right has been unbelievably difficult. However, for all those without corporate expense accounts that baulked at the price of the hardcover version, I’m relieved to announce that a downloadable PDF version of Enterprise 2.0 is now available from lulu.com for just £9.99/$14.03/€11.15.

This is a complete electronic replica of the printed book in PDF format. None of that anti-social DRM involved – in this hyper-social age I hope I can trust people to respect my copyright.

To buy, you can go directly to: http://bit.ly/enterprise20
For more information, go here: http://bit.ly/enterprise20info

During my Canadian tour last week, I’m proud to say that I used slides just once at the breakfast for Hill & Knowlton clients. The rest of the sessions were all off the cuff.

In response to numerous requests, I put my slide deck on Slideshare.net. Here they are:

I’m afraid they lose a little without my talking over them. If you’d like me to come explain them to your company, please contact me.

In the words of my hosts, I’ve “finally realized where the action is” and will be taking the Enterprise 2.0 roadshow to Canada next week.

In what promises to be a whirlwind tour I’ll be speaking to Hill & Knowlton clients and staff in Toronto on Tuesday 7th, followed by beers at Third Tuesday that same evening. On Wednesday I fly to Ottawa and do the same thing all over again, with Third Tuesday in Ottawa on a Wednesday (these Canucks are crazy guys, aren’t they).

It’s a while since I was last in Canada, but seeing that both the literature review and foreword authors for Enterprise 2.0 are both based there, it seems like a fitting place to begin the tour.

The rest of the year currently sees the roadshow moving on to Paris and Finland in November, and Sweden in December.

Promises to be a busy end to 2008.