PALO ALTO, Calif., Jan. 23, 2013 (GLOBE NEWSWIRE) -- Jive Software, Inc. (Nasdaq:JIVE) today announced research results on the impact of Jive's social platform in the enterprise by a top three global business consultancy*. According to the data, companies using Jive reported a 15 percent increase in worker productivity and a 4 percent increase in topline revenue.
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Productivity increases that led to topline revenue growth were directly attributable to the ability for people in organizations to reduce time looking for information within in the company by 34 percent, reduce meetings by 16 percent and reduce email load by 21 percent.
Validating this research, last year McKinsey & Co. issued the most comprehensive report on social business and the social economy previously available. The report found that the average knowledge worker wastes 28 hours per week collaborating, searching for information and using e-mail, a technology invented 40 years ago. They estimate social technology can provide a 20-25 percent improvement in productivity, in effect, giving workers a full additional workday of value per week — which adds up to between $900 billion and $1.3 trillion annual value.
"The hype of social for business is dead. 2013 is the year that the social in the workforce goes mainstream because it has consistently shown it delivers real business value to people and companies," said Tony Zingale, president and CEO of Jive. "I welcome this new era in which social business is recognized for what it contributes to organizations – allowing employees to leave old, dusty business processes behind to focus on getting real work done that delivers quantifiable results."
Continued Zingale, "Because of innovations in social business, I predict email inside the enterprise will be reduced by 50 percent within three years. We'll all get more work done, and have more fun doing it. Frankly, I can't wait."
For more information about McKinsey's social business report, please visit http://www.jivesoftware.com/resources/whitepapers/get-mckinsey-report.
* Source: Top three global business consultancy research; November 2012
About Jive Software
Jive Software (JIVE) is a leading social business solution. Our cloud-based platform connects employees, customers and partners and is the only proven system, focused on value use cases, that, according to research performed by a top three global business consultancy, increases productivity within companies by up to 15%**. By combining the power of cloud, mobile, big data and proprietary collaboration technologies, Jive is transforming the way work gets done and unleashing productivity, creativity and innovation for millions of people in the world's largest companies. For a free trial of Jive's next-generation social business platform, please visit Try Jive. For more information about Jive, please visit https://community.jivesoftware.com/community/newsroom.
** Source: Top three global business consultancy research; December 2012
