Jive Survey Reveals Key Business Benefits from Social Business Adoption
PALO ALTO, Calif., Jan. 31, 2011 /PRNewswire/ -- Today Jive Software announced the results of the largest customer survey ever conducted on the business impact of Social Business adoption.
The report revealed three key findings: 1) customers are deriving quantifiable business benefits from their Social Business investments, 2) 2011 is the year of accelerated enterprise-wide adoption across most industries; and 3) Social Business is a mission-critical application.
The survey was based on responses from 500 individuals, representing more than 300 companies worldwide. A large percentage of the participating companies have more than 10,000 employees.
Key Finding #1: Social Business Drives Breakthrough Business Results
The first key finding revealed that customers are adopting social in the enterprise to change the way they do business and generate material breakthroughs in revenue, cost-savings and innovation. The business benefits from Social Business adoption extend across three key audiences: employees, customers and the social web.
Top Employee Engagement Benefits:
- 39 percent increase in employee connectedness;
- 32 percent more ideas generated and captured;
- 30 percent increase in employee satisfaction;
- 27 percent less email;
- 32 percent reduction in time to find answers; and
- 37 percent increase in project collaboration and productivity.
Top Customer Engagement Benefits:
- 42 percent more communication with customers;
- 31 percent increase in customer retention;
- 34 percent higher brand awareness;
- 28 percent decrease in support call volume;
- 34 percent more feedback and ideas from customers; and
- 27 percent increase in new customer sales.
Key Finding #2: Social Business Software Adoption is Pervasive
The survey also found that Social Business software is being adopted at a large scale across a broad range of industries. Eighty-three percent of participants reported that they are implementing enterprise-wide Social Business initiatives. This is indicative of the pervasive use of Social Business software to fundamentally change different business processes, from the way employees collaborate to the way companies engage with their customers.
The survey further showed that Social Business is adopted across many industries. From the respondents surveyed, over 35 industries were represented. The top ten industries are:
- High tech (software/hardware, computer services);
- Financial services;
- Communications / Telecommunications;
- Media / Marketing / Advertising;
- Retail / Wholesale;
- Consumer goods;
- Government; and
Key Finding #3: Social Business is Mission-Critical
The last finding showed that Social Business is a mission-critical initiative that requires a tight partnership between IT and business to be successful. IT needs to be closely involved to ensure that the Social Business system has the right scalability, security and corporate governance standards required by the enterprise.
"Our customers' feedback clearly indicates that Social Business has a material impact on business performance," said Tony Zingale, Jive CEO. "We expect 2011 to be an inflection point for mainstream adoption in the enterprise, as customers continue to see accelerated returns from their investments."
To see the full survey results, click here.
About the Survey
The goal of the survey was to identify the key business results that enterprises are deriving from Social Business adoption. The survey measured the impact that Social Business has on key, enterprise-wide, business processes including employee engagement, customer support, sales enablement and sales effectiveness, demand generation, social media and others.
This was the largest and most comprehensive survey on Social Business adoption that has been conducted to date. It was extended to all of the Jive customers in December 2010. The survey was conducted by an independent research firm on behalf of Jive to protect the integrity of the analysis. More than 500 participants responded to the survey, representing more than 300 companies worldwide.
About Social Business
Social Business is the new way to engage employees, customers and the social web. Jive's Social Business software combines the power of community software, collaboration software, social networking software, and social media monitoring offerings into an integrated platform. Just as social technologies have changed our personal lives, Social Business is changing how enterprises create competitive advantage.
About Jive – The New Way to Business
Jive is the largest and fastest growing independent Social Business software company in the world. Jive is backed by Sequoia Capital and Kleiner Perkins. For more information, visit www.jivesoftware.com.
SOURCE Jive Software