The Benefits DO Outweigh the Costs !
According to a new study by research firm Bersin & Associates, the corporate social software market is expected to exceed $420 million by year’s end and over $2.5 billion by 2012. Experts also anticipate that HR and training will become more involved in the use of corporate social software to identify how tools like corporate Intranets can support their initiatives.
IBM, Oracle and Cisco have measured the impact and benefits of their Intranets to be greater than $1 billion, as reported in Knowledge Management Review, with IBM attributing more than $284 million to the e-learning component of their Intranet.
Companies that have invested in developing a corporate Intranet have reported experiencing major benefits, including:
- Increased employee productivity and collaboration
- Improved internal communication among teams and across departments
- Higher employee satisfaction and retention rates
- Improved management of organizational knowledge and e-learning
- Standardized operations and streamlined business processes
Tools like Windows Sharepoint Services (included with Windows Server as a free add-on) or the enterprise strength Microsoft Office SharePoint Server (MOSS) offer a cost-effective solution for Intranet implementation. Web 2.0 features like user profiles, blogs, wikis and RSS feeds combined with custom collaboration capabilities, workflow and document management systems, make MOSS a robust, comprehensive solution for companies looking to get outstanding results from their Intranet.
With the right tools in place, developing an Intranet may pay for itself a lot sooner than you thought.
Labels: Intranet, MOSS, Portal, Sharepoint