Marketing with Video and Rich Media Blog

Video Sharing tops McKinsey survey as most useful Web 2.0 business tactic.

Early in 2009 McKinsey surveyed 1,700 executives from around the world to determine the value they have realized from their Web 2.0 deployments. The study stated that “the heaviest users of Web 2.0 applications are also enjoying benefits such as increased knowledge sharing and more effective marketing. These benefits often have a measurable effect on the business.”

Looking at the chart below it is not surprising that there is a strong correlation between the familiarity and relative longevity of certain technologies (video, blogs and rss) and their benefit to corporations. Companies, especially larger companies, tend to avoid adopting new ideas until they have seen other companies take that risk. It’s interesting to see Social Networking ranking so high – given it’s short lifespan. I would expect to see Social Networking topping the list in the next two years.

It’s also interesting to see these referred to as ‘technologies’. They are all certainly enabling technologies but the real value is in the content they allow to be more freely shared. In time the focus on these communications tactics as ‘technologies’ will fall into the background and the emphasis will be on the marketing and communication value that they promote.

Not every every tactic is right for every company but it is safe to say that video sharing should be at the top of any company’s list that is considering adopting new Web 2.0 tactics.

McKinsey chart

Comments

  1. Martin Russ says:

    I’ve also noticed that the word ‘technology’ is increasingly being used for things that are better described as ‘know-how’!

    Thanks for an informative blog!

  2. Jeff Lindsay says:

    The key to successful video sharing for a business is having content and delivering it in ways that meets the needs of customers and partners. Meaningful content is difficult to product and manage – improved tools are needed, in addition to improved video search.

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