Web 2.0 for business

1 05 2008

British entrepreneurial talent has recently been on tour in Silicon Valley as part of a government-backed project to provide a window into the UK’s start up scene.  Twenty companies were chosen from over a hundred for the first Web Mission 08 to showcase the high level of technology emerging beyond the Valley.  In addition, the Telegraph noted that Web 2.0 is producing a new wave of entrepreneurs with London acting as the epicentre for many of the developments. 

However, two surveys indicate that not all SMEs are able to take advantage of developments in technology:

  • Although Web 2.0 tools have the potential to transform business, many companies are still reluctant to implement them because of security fears, a survey by KPMG International and The Economist Intelligence Unit revealed in January. Nearly 70% of business executives believe Web 2.0 tools would help employees work more efficiently, a further 75% said the tools would foster innovation within their businesses, and 86% said Web 2.0 would improve knowledge sharing. 
  • A national survey conducted by researchers from Royal Holloway, University of London, found that the government is failing to act as a helpful source of advice for SMEs during their adoption and use of information and communication technology (ICT).  As a result, these businesses are not using ICT to its full potential.  The survey found that ecommerce isn’t really making much of an impact (in the sectors surveyed) and SMEs don’t find government helpful as a source of advice in this area.

[See also: The 101 most useful websites for business from The Telegraph]

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