Great social intranet technology provides an online place for employees to build stronger professional identities and insights. Internal technology is also free from the limitations of the physical world, allowing employees to connect across geographical locations, time zones and other physical factors. It is estimated that by incorporating social intranet, companies can see up to a 35% increase in employee engagement, a 15% increase in successful innovations, and a 10% increase in customer loyalty just by using a successful internal social technology.
Decreases Your Company Costs
Social intranet software reduces company costs by providing fast access to information on any web browser or mobile device, minimizing travel and communication costs and time spend searching for information. In fact, organizations with internal social technology often see a 10-20% reduction in travel costs, 10-15% reduction in communication costs and 10% decrease in operational expenses.
Internal social technology shifts communication from the one-to-one platform of email to a wide-reaching and easily accessible internal platform.
A company’s productivity naturally increases as teams spend less time looking for information and more time finding and working with available teams, coworkers, and resources. In fact, recent estimates show that internal social technology could re purpose up to 30% of employee time currently spent on email.
Accelerate New Revenue
Many industries and sectors can create value by adopting social technologies, especially the ones that depend heavily on interactions with clients and among professional colleagues to carry out their work and develop new business. Companies involved in the sectors of accounting, marketing, architecture, management consultancy, engineering, IT, and scientific research involve a high degree of collaboration and interaction. By using more efficient ways to communicate and collaborate with internal social technologies, they could create up to 12% in additional value.