Showing posts with label Social Networking. Show all posts
Showing posts with label Social Networking. Show all posts

Thursday, May 24, 2012

Oracle acquires cloud social marketing firm - Virtue

Oracle has announced that it has entered into an agreement to acquire Virtue - a leading cloud based social marketing company. According to Virtue's website -
"Vitrue partners with brands, marketers and agencies around the world to help them maximize their social community engagement through the powerful Vitrue Social Relationship Management (SRM) platform. The Vitrue SRM platform gives brands the ability to scale across multiple social networks, target global to local and publish content that engages fans and drives leads. In addition, Vitrue provides clients access to deep analytics, industry insights and best practices, product training options and high-touch customer service, giving brands a competitive advantage."

You can read the official statement from Oracle in the link below:
http://www.oracle.com/us/corporate/acquisitions/vitrue/faq-1638521.pdf

Sunday, February 12, 2012

Another one in the Oracle hat - TALEO

In another significant move at consolidation of the HR Technology space - Taleo announced three days back that it had entered into an agreement with Oracle to be acquired by the latter. Leaving the 'cloud' argument aside, what excites me most about this acquisition is that the Oracle HCM suites will now have a leading ATS to offer their clients. Over the last few years I have seen customers sideline the entire PeopleSoft e-recruitment module and opting to implement a specialized recruitment software like Taleo or SuccessFactors. The Oracle HCM solution offering will surely be more comprehensive by this acquisition and that is indeed good news for all Oracle HCM customers!

Saturday, October 22, 2011

GPS for office navigation and potential for location based services in the workplace

How many times have you got lost in your office looking for an obscurely named conference room? How many times have you gone in a maze trying to locate the work cubicle of a colleague? Wouldn't it be great if the ever-helpful GPS navigation systems were extended to our offices as well? What I am envisaging is a mobile based navigation app that would help employees find their way through in an office. Well, it would also perfectly fit into the 'social/mobile' dimension that HCM applications are moving towards. Expanding on the idea, it wouldn't be a bad idea to have features of common location based services in this app. For example, the employee could indicate that he/she is in a meeting by 'checking in' to a meeting room. Stretching the idea a bit further - would be great if the mobile phone automatically switches to 'meeting mode' when the person checks into a meeting room and switches back to normal mode when the meeting ends (this would possibly require an integration with the mail client so that the meeting details can be extracted by the app).

Gartner identifies App Stores as one of the strategic technologies for 2012

An enterprise App Store for PeopleSoft is a topic I have discussed many times in this blog before. The hidden potential of that idea hit me again when I was reading the list of strategic technologies for 2012 published by Gartner. You can read the complete list here. An excerpt from the report is given below:
"Gartner forecasts that by 2014, there will be more than 70 billion mobile application downloads from app stores every year. This will grow from a consumer-only phenomena to an enterprise focus. With enterprise app stores, the role of IT shifts from that of a centralized planner to a market manager providing governance and brokerage services to users and potentially an ecosystem to support entrepreneurs"
With mobile/tablet based applications becoming ubiquitous, there is no doubt in my mind that the timing is just right for an App Store dedicated to PeopleSoft applications. Considering the strong partnership Workday has with Salesforce.com, it would not be a surprise if a Workday App Store is launched soon.

Sunday, May 2, 2010

Recruitment Solutions and Social Networking

A major feature that separates the recruitment business functionality from other HR business areas is the fact that it interacts heavily with people outside the organisation through external job postings, career sites, job boards etc. Reaching out to the right candidates with information regarding open positions is thus a strategic challenge for the recruitment function. With the almost cultural assimilation of social networking tools across the world, it would be anachronistic to stick to the old world strategy of posting job openings in career sites and job portals alone. The use of social networking tools in recruitment is well documented and more and more organisations are relying on LinkedIn, Facebook, Blogger and Orkut to zero in on desired candidates.
I strongly believe that software used for recruitment should have a strong social networking component to it for organisations to truly achieve a higher ROI on their investments. It's imperative that the organisation reaches out to potential candidates through this channel and further utilize the wealth of information that is present in these tools to screen candidates further.
I want to present two ideas I have in this regard and hope that organisations will be able to build further on them to achieve higher ROI on their recruitment systems:

1. Job postings to Twitter: In a latest survey, a whopping 87% of Americans have heard of Twitter! Another staggering fact is that close to 50 million (yes you heard it right!) tweets are generated each day (that is close to 600 tweets in a second). Another significant statistic is that close to 50% of Twitter users are from USA. Considering all of this and especially if your company is look at talent in the US, your organisation has to seriously look at leveraging Twitter to reach out to potential applicants. Now, how does it all relate to Peoplesoft? Well, if you are using Peoplesoft Recruitment solutions then I propose that you integrate that with Twitter to enable external job postings created in Peoplesoft to be posted as tweets. This should be part of a larger recruitment marketing strategy of using Social Networking sites to position your organisation as a preffered employer. There are a number of APIs (including this Javascript API that can be utilized in Peoplesoft) that can be utilized to integrate Peoplesoft and Twitter. The simplest start though is to use Twitter Mail (a third party application that posts emails as tweets) which your Peoplesoft technical team should be able to implement in quick time.

2. Enterprise Applicant profile aggregation tool: I envisage a tool that will crawl various social networking sites to aggregate a 'social networking' profile of a candidate which can be further utilized in the selection process. In an excellent paper, Sam Gosling of the Department of Psychology, University of Texas, Austin and others have claimed that Online Social Networking Website (OSNW) profiles provide more information regarding the personality of an individual than most other sources, including physically meeting the individual. I am convinced that an aggregated social networking profile of an individual will greatly help organisations assess the fit of the person to the ethos of the company and make more accurate hiring decisions. It would be wonderful to have a tool (which can further be embedded in the recruitment module) that will create such a profile and may be even draw up personality traits of individuals from the profile information. There are arguments against the use of OSNW profiles to select/reject candidates, but I am of the opinion that an aggregator written for enterprise use can be used as a decision enabler in the recruitment process. (A number of social networking aggregators exist in the market, but I do not think any of them can be utilized for enterprise use. The ideal enterprise aggregator should not just be a mashup product, but should utilize research in social psychology, human behaviour etc. to identify patterns and personality traits through social networking profiles).

A typical issue with large ERP products like Oracle Peoplesoft is it's lack of flexibility to adapt to changing business environments (well a new release comes out just once in two years or more!!) and any call for large scale customizations would again create issues with upgrade! But, while the entire industry is caught in that conundrum, I see no point in being rigid and missing critical opportunities to take your business to the next level. Are you getting the right ROI on your HR systems or is it a large clumsy dino?