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Mar11
31

Salesforce.com to acquire Radian6

Posted by: Matt Healey in Software @ Your Service @ 2:53 PM

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Matt Healey

On March 30, Salesforce.com entered into a definite agreement to acquire Radian6. Radian6 provides customers with a platform that monitors social media. Radian6 products include an engagement platform that helps organizations connect with communities and individuals, and an analytics platform that helps organizations track and analyze their social media activities. The total deal is valued at $326 Million USD. According to announcement by Salesforce.com Radian6 will be integrated into CRM unit. The main benefits of the acquisition will be:

  • Sales and Service Cloud:  Social media monitoring is becoming a requirement for companies. By combining Radian6's social media monitoring and engagement platform with Sales Cloud and Service Cloud, companies will be able to gain real-time social intelligence on their customers, and improve decision making.
  • Salesforce Chatter: Radian6 and salesforce.com will create the bridge between public social networks, like Facebook, Twitter, YouTube, blogs and online communities, and Salesforce Chatter. As a result, Chatter feeds will now be able to contain both internal conversations and external social media conversations.
  • Force.com Platform: Developers will be able to build apps that leverage Radian6 social media monitoring capabilities. In addition, the integration of Radian6 with Force.com will benefit midmarket companies by helping them enhance their marketing and sales capabilities through the use of social media. 

IDC believes that the integration of social media into Enterprise applications, specifically CRM will become increasingly important in the coming years. While widespread adoption of enterprise social business software is still immature, and many IT executives are still unsure of the ROI that these initiatives can generate for an organization, IDC believes that social business software is poised to experience rapid growth across Asia enterprises. The dramatic rise in the use of social media is having far reaching effect on how enterprises manage their brands and interact with customers. Over the past several years, as social media has evolved, enterprises have become more interested in using it as not only another marketing channel but also a valuable way to gain customer intelligence.  IDC believes that this trend will continue into the foreseeable future.

From an AP perspective, IDC believes that if Salesfoce.com can successfully integrate the Radina6 social monitoring tools with their cloud based CRM solution they will be in a good position in this region. Currently cloud is one of the more talked about technologies in AP. By combining social media into their CRM platform, Salesforce.com will be able to further differentiate their CRM approach from their competitors.

Finally, IDC believes that enterprises should be looking for ways to integrate social media with their current CRM solutions. If done successfully, organizations will be able to capture customer complaints and compliments, as well as track competitors, customer's sentiments, and market responses. Empowering this information with analytics will bring enormous benefit to Asia enterprises, as well as help them better understand customer needs and predict future buying opportunities.

Daniel-Zoe Jimenez also contributed to this post.

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Aug09
20

Web 2.0 is dead: Long live Advanced Customer Care and Retention

Posted by: Claus Mortensen in WebSpace x.0 @ 4:49 PM

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Claus Mortensen

Although the term was reportedly first mentioned back in 1999, Web 2.0 really became part of the global agenda in 2004. Since then, Web 2.0 has been one of the most talked about phenomena in the industry – especially in the last two to three years. And still, most companies are still struggling with how to grasp this phenomenon. Many, if not most, are still asking themselves how they can take advantage of Web 2.0 and turn this "thing" into something that can benefit their business.

And the common denominator for most is this: they are asking the questions – but they still haven't found the answer.

So – it's been more than five years since Web 2.0 and "social media" appeared on the agenda, and in those five years only very few companies have been able to make any real use of it. In the world of technology, five years is a life span these days. In the world of technology, something that fails to mature or produce tangible solutions and products in five years would most often be called a "fad" or a "flop" or a "failure". Arguably, Web 2.0 is not about technology – indeed this is one of the key misconceptions attached to the term – but regardless, five years is a long time for a term to stay alive if only so very few are able to make a buck on it.

Without any tangible benefits in the past five years for the majority, we have arrived at a junction where it makes sense to declare:

WEB 2.0 IS DEAD

If Web 2.0 is no more, that would leave us all with a sense of emptiness and an eagerness to fill this void by focusing on what's next. And, luckily for all of us, there is no reason for despair. The old "king" may be dead – but a new one is ready to take its place:

LONG LIVE ACCR

Today's economic climate has highlighted the need for good Customer Care to the extent that many companies now think of it as not only a key differentiator between companies but as an invaluable tool to capture new markets and new customers. Fortunately, new technology is transforming the way Customer Care can be provisioned. New ways to apply customer analytics, virtual call centers, multiple modes of communication, Web 2.0 and virtual worlds are changing how companies reach new customers and keep existing customers engaged. IDC refers to these new tools as "Advanced Customer Care and Retention" or ACCR.

The observant reader would have noticed that I just mentioned Web 2.0 as part of ACCR. And consequently, I'd be contradicting myself – for if the former were dead, then how could it be part of the latter? (The not too observant reader might have noticed also. The declaration was in all capital letters after all).

And you'd be quite right in saying that. In fact, I take it back: Web 2.0 is not dead. It has merely evolved into something that companies around the globe can finally understand: one of many tools that enable businesses to achieve goals. And a very important tool too. In the case of ACCR, Web 2.0 and social media become tools that enable businesses to listen to and engage with their customers. Businesses should do exactly the same using other means such as face-to-face conversations, good use of IP Contact Centers and so forth – but Web 2.0 enables customer engagement on a much larger scale than ever before.

So, again – I take it back. Web 2.0 is not dead but is evolving into something truly useful for businesses. With ACCR, it's fast becoming a cornerstone of Customer Care and will eventually take center stage in many other vital areas within businesses.

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