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Not really, I'm just reading into it....
JupiterResearch claims 70% of all fortune 500 companies will have corporate blogs by the end of this year, which even for an enthusiastic blogger like me seems a little... optimistic. Wait, here's a quote.
JupiterResearch, a leading authority on the impact of the Internet and emerging consumer technologies on business, reveals that 35 percent of large companies plan to institute corporate Weblogs this year. Combined with the existing deployed base of 34 percent, nearly 70 percent of all site operators will have implemented corporate blogs by the end of 2006.
Hmmm, I wonder what impact the internet and emerging consumer technologies is going to have on their business?Let's see.
Interestingly Ross Mayfield of Social Text, and Chris Anderson of Wired created a wiki to track fortune 500 blog usage. It's called "The Fortune 500 Blogging Wik,i" and on it they are tracking about 6% of Fortune 500 blogging.
Funnily, it also struck Toby Bloomberg of Diva Marketing as a rather high number as well, so she sent them a note asking them if they could clarify how they had got that number. This was the response:
Information about JupiterResearch reports are available to accredited members of the press for free and clients.
After looking at your blog link, JupiterResearch has decided not to fulfill your request for more information since the blog is closely tied with your company that serves as a consultancy. I’m sorry I didn’t tell you this earlier, I didn’t realize that your company and blog were so closely affiliated.
If you’d like more information about becoming a client or purchasing a report, please let me know.
Now I heard about this today on the For Immediate Release Podcast which is a pretty well-respected podcast on, of all things, PR and business communications, needless to say they panned Jupiter for this.
you don't want to get tagged as clueless when your investing so much time and recources in convincing people that your one of the leading resources of information on this topic
My advice for Jupiter:
- Google people before you blow them off, Toby is a pretty well-known blogger
- Google topics before you make outlandish claims (google "fortune 500 blog" produces the fortune 500 blog wiki)
- If your going to report on blogging, get someone who knows about social media, preferably someone who's been blogging for a while
- Turn on comments, right now your analyst blogs have no trackback and no comments. Imagine if you could have answered this question in a comment, no shitstorm in the blogosphere
Oh, and I'd love to meet some of the execs from this report:
According to a new report, "Corporate Weblogs: Deployment, Promotion, and Measurement," currently 64 percent of executives spend less than $500,000 to deploy and manage corporate Weblogs.
Wordpress + Mint + Technorati + flickr + delicious + Feedburner + FactorX = I saved you 450,000 (it's 50k for factorX)
Call me!
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Comments
Excellent comments. When I read this on Toby's site this morning, I was just a little, umm, surprised. This is another sad example of "not getting it".
Posted by: Tim Jackson | 06.30.06
To be fair to jupiter it is the PR company that should shoulder much of the responsibility. They were the ones that facilitated that communication and they should have looked into who was making the request and then communicated it to jupiter the risks and opportunities.
The problem for Jupiter is this is what they are supposed to be experts in, this is what they sell. They are the experts that help companies make sense of the internet, and when they so clearly fail in engaging the blogosphere it is egg on face time.
Posted by: Karl Long | 06.30.06
Karl,
Great piece. I think companies like Forrester and Jupiter don't know what to make of blogs—and to your point are not researching the subject matter appropriately. I recently blogged about a Forrester event and critiqed some of their delivery.
http://darmano.typepad.com/logic_emotion/2006/06/breakfast_with_.html
Then an interesting thing happened. Someone from Forrester subscribed to my blog, only to un-subscribe less than a week later.
Strange. Maybe they saw no value? The research companies are a little too fixated with statistics and charts—but they'll figure it out eventually. Until then, the irony is that blogs are often way ahead of the research firms when it comes to spotting trends and providing commentary.
Good post.
Posted by: David Armano | 06.30.06
For whatever it's worth, these are all forecasts...if a forecaster were that good, then they'd be better off forecasting interest rates and making a bundle of money that way. Forecasts should be looked at as only a guess, based on a combination of models and assumptions, with the most relevant word being "assumptions".
Posted by: Allen Weiss | 06.30.06
I get your point Allen, all forcasts should be taken with a pinch of salt.
But there are so many levels of irony in this story.
1. jupiter makes outlandish claim about the growth of blogs in big businesses
2. Bloggers say hang on, how did you come up with that figure?
3. jupiter says we're not telling you because your not an accredited member of the press
4. the bloggers talk about it, and jupiter is not participating in the debate
If they had comments or trackback enabled on either their blogs, or even the press release that made this claim they would be able to participate in the conversation about their research.
God help any clients they're advising on interacting with the blogoshpere.
I think they are going to have to reinvent their business because the walled garden of analysts does not play well in the transparent conversation space that the blogosphere is.
IMHO their analyst blogs should be leading the conversation.
Posted by: karl long | 06.30.06
Karl - thanks for the shout out and for continuing the thread.
'Don't kill the messenger' might be a subtitle of this story. For the agency to shoulder the entire responsibility of 'blogger relations', in this situation, may not be fair since JupiterResearch has positioned itself as a leader in social media. In fact, they probably have more knowledge about the space than their PR firm.
But what does a PR professional do when a client provides a mandate that might create a blog storm that could effect both client and agency? Two companies' reputations could be at stake with this one. One commenter on the Diva Marketing post said she would be "advising my clients to look for market research elsewhere."
By the way, Fard Johnmar forked over $750 to purchase the report. He posted his opinion and it is not a pretty picture. He advises not to buy the report and not to accept the results.
http://www.healthcarevox.com/2006/06/corporate_blogging_and_jupiter.html
Posted by: Toby | 07.01.06
Wow, Jupiter is getting a lesson in social media relations right here. They are actually closing ranks:
"JupiterResearch is not revealing any more information about the survey to any member of the media"
Which is exactly the wrong thing to do. How can you have any sort of authority about blogs and social media if you are not part of the conversation?
I'm surprised it hasn't garnered more attention, but it's certainly snowballing.
Posted by: karl long | 07.01.06
All:
Hopefully, my conversation with the analyst will shed some light on this issue. JupiterResearch might just want to allow the analyst to provide commentary on this issue that I can publish on my blog. Then, I'll be able to provide answers to the questions I raised. That might help tamp the flames on this one a little bit.
Posted by: Fard Johnmar | 07.01.06
Superb comments Karl! When I reas such reports like this one, I can think only one thing: "God, save us from consultants!"
I will always be amazed by the lack of common sense and blind trust in numbers!
Posted by: Daria Radota Rasmussen | 07.02.06
Was there any data slice on if the blogs are going to be internal or external. I think that makes a big difference.
That's pretty dumb for them to make up big claims and not back it up with data that we can sort and scrutinize.
Posted by: Andy Wibbels | 07.05.06