Success Stories of Enterprises

"Many ideas grow better when transplanted into another mind than the one where they sprang up."

Many enterprises have reaped the benefits of using Web 2.0 technologies which forms the backbone of enterprise collaboration. The below figure details the results of McKinsey’s global survey in which companies have responded on how they are getting benefited through Web 2.0 technologies .

§  ‘Cisco saved US$691 million and increased productivity 4.9% in fiscal year 2008. 

§  ‘ International energy company Statoil and peer energy companies operating on the Norwegian Continental Shelf estimate that, in 2007, they captured benefits worth a net present value of approximately 150 billion Norwegian kroner, or about 24.9 billion U.S. dollars. The benefits that Statoil has gained from collaboration are concrete, tangible, and capturable: Close to 80 percent of the value came from increased reserves and accelerated production, while the remainder resulted from reductions in drilling and operational costs.

§  ‘KCOM Group Communications Firm Transforms Business Culture with Collaboration Framework. 

§  ‘Polytechnic of Zagreb wanted to replace its aging email system with a full-featured communication and collaboration platform. The polytechnic is saving U.S. $300,000 on hardware, software, and administration, and faculty and associates have access to a robust suite of tools that helps the school run more smoothly and prepares students for future careers. 

§   ‘The city of Hamburg recently embarked on a multiyear campaign to reduce operating costs. Leading this effort, the city’s Ministry of Finance sought to automate its paper-based approval process. The ministry projects cost savings over the next five years of up to 10 million euros (U.S. $14.3 million).