Doing business today means connecting with everyone. As I prepped for a recent panel on CIOs and social networking, I had a brainstorm. (Well, maybe it was a light drizzle.) If business today is all about interaction (facilitated by the Web and its attendant technologies), it makes sense to add four new (and somewhat nonintuitive) acronyms to the e-commerce alphabet soup: C2C (consumer to consumer), P2P (prospect to prospect), C2P (consumer to prospect) and C2B (consumer to business). (While the twentysomething Web 2.0 crowd likes to think it coined the phrase social networking, it didn’t. The Cluetrain Manifesto: The End of Business as Usual, published way back in 1999, is for many of us the seminal work on the economic impact of the IT-connected marketplace.) Last month the Pew Research Center added to the growing body of work on social networking by releasing a report that identifies 10 types of Net users. Among others, they include “Omnivores,” who consume information, goods and services at a high rate; “Mobile-Centrics,” who are strongly attached to cell phones and mobile applications; and “Indifferents,” who have a fair amount of technology at hand but do not allow it to play a central role in their daily lives. So what’s the big deal about social networks, new acronyms, Omnivores and Indifferents? The big deal is this: As your firm continues to drive a growth-and-innovation agenda, your customers and prospects ultimately will determine the degree to which you succeed. So CIOs need to ask themselves, Is my infrastructure sufficiently robust to encourage and support social networking among customers and prospects? As they say in New England, customers are “wicked smart.” They know what they want, they know how to get it, and they’re doing so by leveraging the power of social networks to reach out to vendors, other customers and prospects. It’s worth reading the Pew Research report. You can find it here or send me an e-mail and I will forward the pdf of the report to you. Related content brandpost Sponsored by SAP Innovative integration drives automotive group to SAP awards Using SAP Build Process Automation, China Grand Automotive Services Group Co., Ltd. accelerated and streamlined processes for its 700+ dealerships, saving time and costs while earning recognition for its innovation. By Tom Caldecott, SAP Contributor Dec 11, 2023 4 mins Digital Transformation news Concerns remain even as the EU reaches a landmark deal to govern AI Experts believe the new regulation would add a significant compliance burden on businesses as some argue it could even stifle the growth of the rapidly developing technology. By Gagandeep Kaur Dec 11, 2023 7 mins Regulation Artificial Intelligence feature CIOs grapple with the ethics of implementing AI With ethical considerations around AI use increasingly top of mind, IT leaders are developing governance frameworks, establishing review boards, and coming to terms with the difficult discussions and decisions ahead. By Esther Shein Dec 11, 2023 13 mins Generative AI Data Governance IT Governance feature Reed Smith turns to AI for lawyer staffing solution The legal firm’s Smart Resourcing tool helps balance workloads and ensure partners find associates with the right skills and experience, while empowering employees to make connections across the firm’s global footprint. By Sarah K. White Dec 11, 2023 8 mins CIO 100 Legal Digital Transformation Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe