Firms ‘miss’ huge social site success

Businesses are missing out on the huge potential that social networks present, a leading information technology company has warned.

Researchers for Gartner found that huge opportunities for improving the management of large firms exist.

Read more…….

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BT to invest £1.5 billion in fibre and speed!

Telecoms group BT plans to invest 1.5 billion pounds to roll out super-fast broadband to up to 10 million homes by 2012.

The programme represents the largest ever single investment in super-fast broadband, which can deliver speeds of up to 100 Megabytes per second through fibre cables. Read more………

LinkedIn raises $53m in funding

LinkedIn, a networking site for professionals, has raised $53m (£27m) of new funding from investors.

The financing by venture capitalists values the Silicon Valley start-up at more than $1bn, reflecting investor confidence in online communities.

Five-year-old LinkedIn has 23 million members worldwide and attracts 1.2 million new members every month, according to the the company. LinkedIn connects people in the workplace, helping them search for new jobs and make professional contacts, whereas people use sites such as Facebook, MySpace and Bebo for social reasons. Networking sites have been on the rise since Microsoft paid $240m for a 1.6% stake in Facebook last year. That deal valued Facebook at $15bn. Read more…..

‘Lower prices’ boost mobile data

Price cuts and the popularity of 3G are prompting Europeans to use mobile data like never before, says a survey.

Read more…………

‘Txting and Ltrcy’ – expert says it’s great!

Text messaging has sometimes had a bad press, with some commentators calling it a ‘linguistic disaster’ and predicting ‘the end of literacy as we know it’. At Bangor Univesity this month, David Crystal, professor of linguistics at Bangor University,  discusses the origins and motivations lying behind texting, dispels the myths surrounding it, and draws on numerous studies to illustrate its linguistic reality. Texting turns out to be not as revolutionary as people think: the distinctive abbreviations have in fact a long history. His conclusion is that, far from being a disaster, text messaging actually helps rather than hinders literacy. Read more….

Google is to become all social!

Google is to make the web more social by introducing tools that will enable people to interact with their friends.

Friend Connect follows plans announced last week by the world’s two biggest social networking sites, MySpace and Facebook.

Data Availability and Connect let users move their personal profiles and applications to other websites.

“Social is in the air,” says Google’s director of engineering David Glazer.

During a conference call at Google’s California headquarters, Mr Glazer told reporters: “Google Friend Connect is about being the ‘long tail’ of sites becoming more social.”

“Many sites aren’t explicitly social and don’t necessarily want to be social networks, but they still benefit from letting their visitors interact with each other. That used to be hard.”

Google’s Open Social will allow third parties to build and develop applications for the site.

“Social networking is going mainstream. It used to be proprietary, but now it’s going to be open and baked into the infrastructure of the net, not just one site or one source,” says Mr Glazer.

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ONLINE SOCIAL NETWORKING IS BOOMING

A new report from independent market analyst Datamonitor reveals that the number of people participating in online social networking (OSN) is booming. The UK has the highest membership in Europe and it is forecast to almost triple by 2012 to 27 million. Social media provide consumers with the opportunities to enhance existing relationships and create new ones. Interaction is a key factor in a network’s success, as shown by the success of sites, such as MySpace and Facebook, which encourage user-generated content. While the trend is driven by the younger age groups, many older generations are also being drawn to social media. Read more

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