When we crowdsourced the first The Age of Conversation book back in 2008, the idea of working from the outside-in was untested. Over 100 marketing innovators from 15 countries shared their thoughts and early experiences and Drew McLellan and I produced a book that would go on to create a community, showcase the early adopters and leading social media practitioners and ultimately raise around $50,000 for charity.
People like David Berkowitz wrote about participation and its ephemeral nature in a connected world. Toby Bloomberg peered into the future, suggesting that business was personal and that technology is fueling emotional engagement. And Katie Chatfield told brands to prepare themselves for a party.
Several years on, however, how many brands are ready to party? How many can scale their digital interactions into some form of customer engagement? And how many are prepared to turn conversations into something more than a link or a like?
As this infographic from Socialcast shows, many businesses continue to restrict access to social media in the workplace. At the same time, social marketing agency Awareness suggests that better customer engagement was a top business objective for social media.
- Social Media Governance a Major Concern for CIOs: The gap between the business objectives and needs of two vital organisational units – technology and marketing appear at odds. Robert Half Technology’s survey of 1400 CIOs indicates that governance concerns are high on the CIO agenda – citing security, legal liability and bandwidth as reasons for blocking social media.
- Social Media Generates Productivity and Creativity Payoffs: The “micro breaks” offered by social media may actually increase productivity. But this pales into insignificance against the business value of bringing the outside-in. A recent McKinsey Global Institute report suggests that cross-enterprise collaboration is estimated to unlock in excess of $900 billion across four industries.
- CMO to CIO – Let’s Talk Timing: The competing needs of the CMO and CIO are often seen through the lens of conflict. Customer demands and revenue expectations drive a marketing agenda while risk management, compliance and governance occupy the minds of the CIO. Yet, the opportunity for collaboration exists. CMOs need to understand the challenges of governance and technology and CIOs need exposure to the “front office”. The answer lies in planning and timing. And having the right conversation.