There are a wide range of concepts associated with value, depending on the context of the discussion in question. Social communication has been identified in a range of recent literature related to collaborative communication environments as being a key financial value generator for emergent technologies (see Surowiecke, The Wisdom of Crowds; Friedman, The World is Flat; Benkler, The Wealth of Networks; Hardt and Negri, Multitude). Whilst there is some apparent confusion in the use of the term 'value' in current literature (the intended meaning often referring ultimately to utility as opposed to potential value, return on investment, opportunity costs or affordability), there is still the sense that the increased utility of socially networked systems will bring about cost benefits to organ
Attributes | Values |
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| - There are a wide range of concepts associated with value, depending on the context of the discussion in question. Social communication has been identified in a range of recent literature related to collaborative communication environments as being a key financial value generator for emergent technologies (see Surowiecke, The Wisdom of Crowds; Friedman, The World is Flat; Benkler, The Wealth of Networks; Hardt and Negri, Multitude). Whilst there is some apparent confusion in the use of the term 'value' in current literature (the intended meaning often referring ultimately to utility as opposed to potential value, return on investment, opportunity costs or affordability), there is still the sense that the increased utility of socially networked systems will bring about cost benefits to organ
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abstract
| - There are a wide range of concepts associated with value, depending on the context of the discussion in question. Social communication has been identified in a range of recent literature related to collaborative communication environments as being a key financial value generator for emergent technologies (see Surowiecke, The Wisdom of Crowds; Friedman, The World is Flat; Benkler, The Wealth of Networks; Hardt and Negri, Multitude). Whilst there is some apparent confusion in the use of the term 'value' in current literature (the intended meaning often referring ultimately to utility as opposed to potential value, return on investment, opportunity costs or affordability), there is still the sense that the increased utility of socially networked systems will bring about cost benefits to organizations that engage with networked tools for interaction. Crucial to any sustained value being derived from networked environments is management of the inputs of participants and providing adequate incentives for participation. The network itself does not necessarily encompass the value for participants (either in terms of the infrastructure or the access to other participants) in spite of Metcalfe’s Law (see Odlyzko & Tilly 2005). Management of the participatory process (participatory design, rapid processing, authentic testing and productivity oriented ranking systems for participation) is necessary to ensure continued innovation (and therefore, productive value) in a network.
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