Most of the attention being paid to Web 2.0 so far has related to consumers and citizens, rather than the realm of B2B. Hopefully, much of that will change next month (16-18 May) with BIG Conference in Chepstow (UK), the BIG is the Business Interest Group. I have the honour to be the Keynote speaker, and my contribution will be followed by others looking at new media.
Web 2.0 started in the consumer world and most of the visible growth has been amongst individuals rather than organisations. However, this does not mean that there have not been significant and potentially disruptive changes impacting Business-to-Business.
Reuters have announced that they are to launch a social network (its version of MySpace) in 2007. The network is aimed at drawing in the 70,000 fund managers, traders, and analysts who are users of Reuters messaging service. Instead of video clips and links to Arctic Monkeys Reuters envisages that people will post research and trading models. Within B2B sharing is less common than within the likes of FaceBook, Flickr, and YouTube. So it is not surprising that Reuters social network will only be open to Reuters customers. Reuters have already shown themselves to be adept at picking up 2.0 trends, for example they have for some time had a reporter stationed in Second Life.
One of the growth areas in B2B and social networking has been in the area of recruitment, although the term social networking refers entirely to the mechanics of the network, rather than the social content. One such network is LinkedIn.com, which claims over ten million members. LinkedIn offers services such as investing and sales, but it is recruiting where the network is at its strongest. Another network, even more focused on recruitment is Jobster.com.
Another increasing common B2B use of Web 2.0 is blogging, and CEO blogs in particular. Blogs by the CEO are an increasingly effective way of Chief Executives communicating directly with stakeholders. The leaders in this trend have tended to be IT related such as Jonathan Schwartz (CEO of Sun Microsystems) and Craig Newmark (CEO Craig’s List), but the same rules apply for any organisation.
In addition to Reuters, several other organisations have created B2B operations in Second Life. Sun Microsystems has its Sun Pavilion, as part of what they are calling the Participation Age. Sun are viewing the Pavilion as a place for news forms of communication, collaboration, and economic activity.
PA Consulting Group has an office in Second Life which it uses to host conferences, recruitment events, and as a tool for it to show clients new tools and products.